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President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are Not Reigned In
ABC ^ | 12/16/2009 | Karen Travers

Posted on 12/16/2009 1:00:32 PM PST by 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. “

(Excerpt) Read more at blogs.abcnews.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events
KEYWORDS: obama
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"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.

1 posted on 12/16/2009 1:00:32 PM PST by fishhound
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To: fishhound

This Halfrican is PATHETIC!


2 posted on 12/16/2009 1:01:12 PM PST by US Navy Vet
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To: fishhound

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

Truly sickening.


3 posted on 12/16/2009 1:01:43 PM PST by edge10 (Obama lied, babies died!)
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To: fishhound
CORRECTION:

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

4 posted on 12/16/2009 1:02:45 PM PST by comebacknewt
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To: fishhound

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


5 posted on 12/16/2009 1:02:59 PM PST by microgood
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To: fishhound

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


6 posted on 12/16/2009 1:03:05 PM PST by IbJensen (A Prayer for Obama (Ps 109.8): "Let his days be few; and let another take his position.")
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To: fishhound

I’m shaking in my boots. /s


7 posted on 12/16/2009 1:03:07 PM PST by imskylark
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To: fishhound

THE GOVERNMENT IS BANKRUPT.

lls


8 posted on 12/16/2009 1:03:12 PM PST by LibLieSlayer (hussama will never be my president... NEVER!)
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To: US Navy Vet

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


9 posted on 12/16/2009 1:03:40 PM PST by fishhound (http://www.youtube.com/watch?v=mVh75ylAUXY)
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To: fishhound

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


10 posted on 12/16/2009 1:03:53 PM PST by massmike (...So this is what happens when OJ's jury elects the president....)
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To: fishhound

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.


11 posted on 12/16/2009 1:04:21 PM PST by petercooper (GOP: Big Tent Party??? Not if you are a CONSERVATIVE.)
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To: fishhound

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


12 posted on 12/16/2009 1:04:22 PM PST by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: fishhound
The govt will go bankrupt with or without healthcare reform as long as the marxist-in-chief is running things.


13 posted on 12/16/2009 1:05:10 PM PST by paulycy (Demand Constitutionality.)
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To: fishhound

...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.


14 posted on 12/16/2009 1:05:26 PM PST by nagdt ("speak the truth but leave immediately afterward")
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To: comebacknewt
CORRECTION: The entire country is already bankrupt.
15 posted on 12/16/2009 1:05:26 PM PST by WackySam (To argue with a man who has renounced his reason is like giving medicine to the dead.)
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To: massmike

oh yeah.

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


16 posted on 12/16/2009 1:05:49 PM PST by fishhound (http://www.youtube.com/watch?v=mVh75ylAUXY)
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To: fishhound
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 >

17 posted on 12/16/2009 1:05:57 PM PST by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: fishhound

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


18 posted on 12/16/2009 1:05:58 PM PST by Buckeye McFrog
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To: fishhound
Great news....now let's audit the FED.

I wanna see where the money went.

19 posted on 12/16/2009 1:06:02 PM PST by pointsal
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To: fishhound

They cain’t speel neether.


20 posted on 12/16/2009 1:06:18 PM PST by MARTIAL MONK (I'm waiting for the POP!)
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