Posted on 07/17/2009 3:28:13 PM PDT by Oldeconomybuyer
Barack Obama’s sales pitch on health care reform claims that authorizing $1 trillion of new spending will somehow allow the country to save money on medical costs later. It was always a logical bridge to nowhere, and now the Democrats’ own Congressional Budget Office has called the bluff.
In a hearing yesterday, Democratic Senator Kent Conrad practically pleaded with CBO director Douglas Elmendorf to agree that the reform bill would “bend the cost curve” (i.e. create savings) in the future. The CBO chief minced no words: “The curve is being raised.” The Democratic health plan would only make the long-term deficit much worse and send our nation’s finances off the fiscal cliff.
CBO’s statement puts the lie to the Democrats’ biggest selling point. Senate Democrats persist in the gimmick that health care reform would cost “only $1 trillion over ten years” and be covered during that time by higher taxes on the rich. In reality, the costs would explode after ten years and outstrip any expected revenues. It’s a fiscal time bomb.
Ms. Pelosi and Senate Majority leader Harry Reid may be able to bulldoze this health care reform bill through the Congress in the weeks ahead. But they no longer can pretend it will be good for your health or your wallet.
(Excerpt) Read more at online.wsj.com ...
How long before the CBO director job becomes blatently politicized? I predict not long.
We all know it.
They’ll do it anyway.
Dieing is patriotic.
“The Democratic health plan would only make the long-term deficit much worse and send our nation’s finances off the fiscal cliff.”
Wait until Obamaflation hits...
And absolutely everybody knows that a trillion is just the beginning...
I loved his nasty little temper tantrum today, an hour late, on TV. His snarly face. “This WILL happen! This year! Bow before the power of the Gao’uld!” Then he stamped off the stage. Great TV!
does anyone have a link?
Anyone who thinks this Obamanation is going to come in at $1 trillion — or even $10 trillion — is a fool. When bureaucrats start denying people care and the sob stories start no polititian is going to be able to hold down costs. This will spiral out of control like a financial Chernobyl.
“The Democratic health plan would only make the long-term deficit much worse and send our nation’s finances off the fiscal cliff.”
By the time they are finished, Gulags will look good to us....and even if they don’t.....we will learn to love our chains and our homeless “dwellings”. /s
He did this today? What a whiney little marxist brat he is.
He did this today? What a whiney little marxist brat he is.
Q. Support for the president’s expensive plan to extend coverage to millions of Americans while curbing Medicare and Medicaid spending has slipped in recent nationwide polls.
Where do you stand? Do you support the health care overhaul?
Yes. The plan will save lives and money in the long-term. 17%
Somewhat. It’s not perfect but it’s something. 6%
No. It will burden us with debt and won’t fix anything. 76%
Not sure/No opinion. 2%
99516 votes
Keep the good trend going.
Please vote: http://js.polls.yahoo.com/quiz/quiziframe.php?poll_id=47046
Is this the link? If it is.....I would love to see ALL of it (not the CNN edited version):
http://www.youtube.com/watch?v=3TqyrweAJmU
No. He just snarled in front of a hospital, scowled, turned, and walked away.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.