President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are Not Reigned In

ABC ^ | 12/16/2009 | Karen Travers

[fishhound]

ABC's Karen Travers reports from Washington:

President Obama told ABC News’ Charles Gibson in an interview that if Congress does not pass health care legislation that will bring down costs, the federal government “will go bankrupt.”

The president laid out a dire scenario of what will happen if his health care reform effort fails. “If we don't pass it, here's the guarantee….your premiums will go up, your employers are going to load up more costs on you,” he said. “Potentially they're going to drop your coverage, because they just can't afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year. “

[fishhound]

"The sky is falling, the sky is falling"...

It's always ...if he doesn't get his way it's the end of the world.

[US Navy Vet]

This Halfrican is PATHETIC!

[edge10]

Talk about hubris. Zero has no shame. Do what he says or the sky will fall.

Truly sickening.

[comebacknewt]

CORRECTION:

The entire country will go bankrupt if the Federal Government is not reigned in.

[microgood]

He is talking like the Feds going bankrupt is a bad thing.

[IbJensen]

We’ll be bankrupt if this phony doesn’t go back to his tribe.

[imskylark]

I’m shaking in my boots. /s

[LibLieSlayer]

THE GOVERNMENT IS BANKRUPT.

lls

[fishhound]

Thanks for the new vocabulary term....never heard that one. lol

[massmike]

Isn’t this the same guy that said unemployment won’t go over 8 percent if we passed his stimulus plan?

[petercooper]

No, it will go bankrupt when 20 million illegals get free healthcare and citizenship. Let’s call this bill what it really is: “The Back Door to Amnesty Through Free Health Care” bill.

[Man50D]

We will be bankrupt if we don’t reign in the federal government by demanding Congress and the White House abide by the Constitution!

[paulycy]

The govt will go bankrupt with or without healthcare reform as long as the marxist-in-chief is running things.

[nagdt]

...and the country will go belly up if you spend ONE MORE DIME you Marxist jerk!

Obama, the idiot.

Obama has no support left at all. Everybody wants him out.
If you want a good laugh, head over to DU and read the posts today. Nobody loves a narcsisit.

[WackySam]

CORRECTION: The entire country is already bankrupt.

[fishhound]

oh yeah.

I really think he is the first Office holder who truly does not love America.

[Brett66]

It's funny, so now he worries about spending too much money!

Just think of the incredible economic growth that will occcur if the government spends that much! < /Obamanomics >

[Buckeye McFrog]

but your bill does ABSOLUTELY NOTHING TO REDUCE COSTS, numnuttz....

[pointsal]

Great news....now let's audit the FED.

I wanna see where the money went.

[MARTIAL MONK]

They cain’t speel neether.