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Obama's Speech Tonight
Townhall.com ^ | September 09, 2009 | John Stossel

Posted on 09/09/2009 2:32:31 AM PDT by kingattax

I wish President Obama would say to Congress: Members of Congress, I ask you to address our fiscal emergency.

In 1964, President Johnson won a landslide victory -- quite similar to mine. His election also brought liberals into Congress. The next year, they created the first government-run health care plan: Medicare.

They meant well, but unfortunately, this was the height of fiscal irresponsibility. I know Medicare is popular with the elderly. Of course it is. Everyone likes getting free things. But it is unsustainable.

Retirees believe that their Medicare bills are paid from a "trust fund" that was created with deductions from their paychecks. But this is a politician's lie.

In truth, our predecessors spent every penny of those contributions immediately. They spent them on wars and pork that helped them get re-elected. The money for current retirees' health care is taken from today's workers.

This Ponzi scheme worked for a while. But then more people had the nerve to live longer. The average life span increased from 71 to 78 years. When Medicare began, there were five workers for every Medicare recipient. Now there are only four. And by 2030, the Board of Medicare Trustees expects there to be just 2.4. Unless millions of new young workers suddenly arrive from some other planet, there is no way that there will be enough workers to pay the Medicare benefits that we politicians have promised. Medicare's unfunded liability is $37 trillion -- yes, trillion. It's a scam. We politicians should be ashamed of what we promised our constituents.

We locked up Bernie Madoff for less.

Therefore, today I apologize for defending the absurd health care bills that have emerged from your committees -- proposals that would add trillions of dollars of additional debt to an already unsustainable system.

Instead, I propose that we raise the Medicare eligibility age. I propose that wealthy seniors receive Medicare only until they recover as much money as they paid in. After that, you rich people should pay for your own damn health care.

These measures will delay but not prevent Medicare's bankruptcy. You Democrats and Republicans both better get your heads out of the sand. There will never be enough tax money to pay for everything that everyone wants. If we expect the state to pay for care, a bureaucracy must tell people, at some age, "No, you can't have that." You might call it a death panel.

There's a better way. I remind you of my speech to business leaders in March. I said, "America's free market has been the engine of America's great progress. ... And I believe that our role as lawmakers is not to disparage wealth, but to expand its reach; not to stifle the market, but to strengthen its ability to unleash the creativity and innovation that still makes this nation the envy of the world."

Only the vitality of the private sector -- a truly free one, unencumbered by the crippling stranglehold of burdensome government regulation -- can lift America out of the unsustainable mess that we liberals created.

Therefore, I propose complete deregulation of medicine and health insurance. State mandates raise the cost of insurance by forcing people to have coverage many would never buy on their own. The federal government reinforces this crazy system by forbidding competition across state lines.

Meanwhile, professional licensing and controls on medical schools keep the supply of medical services limited and prices high.

That must end, along with restrictions on Health Savings Accounts.

A free medical market would bring lower prices and better services. The price of insurance would come down with the price of care.

The only way to avoid Medicare's collapse is to get retired people onto private insurance plans that they pay for themselves. Since many on fixed incomes would have trouble buying even inexpensive insurance. I propose we sell off the 507 million acres that the federal government owns and give the proceeds to the oldest and most needy.

Then we must free younger workers from the albatross of Medicare so they can save for whatever medical services they choose, now and in retirement.

Yes, my liberal friends, free enterprise is the way.


TOPICS: News/Current Events
KEYWORDS: 111th; bhohealthcare; bhospeech; bhotownhalls; stossel

1 posted on 09/09/2009 2:32:31 AM PDT by kingattax
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To: kingattax

What? He has ANOTHER speech tonight? Does he never shut up?


2 posted on 09/09/2009 2:53:00 AM PDT by bgill (The evidence simply does not support the official position of the Obama administration)
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To: bgill
"it's going to take more than speeches..."-- hellary clinton.
3 posted on 09/09/2009 2:57:01 AM PDT by kingattax (99 % of liberals give the rest a bad name)
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To: kingattax

Now we need to be the strongest. This is where Repubs may waver.


4 posted on 09/09/2009 3:07:34 AM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: kingattax
But then more people had the nerve to live longer.

Amended:

But then more people had the nerve to have fewer kids and live longer.

5 posted on 09/09/2009 3:07:55 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: kingattax
The 0ne is going all-in on the leftist agenda.

Nothing in the past few weeks has turned him.

He doesn't care about us. He cares about marxism.

How will we respond?


6 posted on 09/09/2009 3:17:17 AM PDT by paulycy (Screw the RACErs.)
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To: kingattax
Here are some of the blunders related to tonight's Obama speech:

1-Making the speech at all-people are tired of Obama, he is overexposed.

2-The content of the speech-the voters consider the health care debate even more tedious than the President himself.

3-Our President will attempt to convince us that health care reform is somehow tied to improving the economy-an impossible task that will further erode his popularity and trust, if not place him firmly among the creepiest politicians in a century.

7 posted on 09/09/2009 3:21:36 AM PDT by wayoverontheright
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To: kingattax

Times “tort reform” is mentioned? 0

Until I hear those words, I will hear nothing else.


8 posted on 09/09/2009 4:08:07 AM PDT by Reagan69 (The only thing SHOVEL-READY since BO's stimulus has been MICHAEL JACKSON (tammy bruce))
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To: kingattax
Stossel has some good ideas here that could actually work. Too bad they will never see the light of day.

Μολὼν λάβε


9 posted on 09/09/2009 4:23:20 AM PDT by wastoute (translation of tag "Come and get them (bastards)" or "come get some")
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To: bgill

Obama FATIGUE. I wish he would do a speech a week. He doesn’t “wear well” on folks.


10 posted on 09/09/2009 5:59:04 AM PDT by LeonardFMason
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To: kingattax
OBAMACARE?
9 - 9 - 9
11 posted on 09/09/2009 6:06:13 AM PDT by JohnBovenmyer
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To: kingattax

Medicare is not a “free thing”. I am 70 and just retired three years ago. I have paid into social security all my working life and have paid into medicare. They pay very little on health care. I am just lucky I am in good health.


12 posted on 09/09/2009 6:25:39 AM PDT by Julie658 (Grandson went to France...said the smell was baaaaaaaad...)
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To: JohnBovenmyer

More like
6 6 6


13 posted on 09/09/2009 6:30:06 AM PDT by Julie658 (Grandson went to France...said the smell was baaaaaaaad...)
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To: Julie658

For TODAY we shouldn’t think of the number of the beast, but rather of the number of the calendar; dust off our Hogan’s Hero’s accent skills, and just SAY “9 9 9!” He’s putting all his marbles on TODAY, so TODAY he shall receive.


14 posted on 09/09/2009 12:01:32 PM PDT by JohnBovenmyer
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