Posted on 12/16/2009 2:50:51 PM PST by earlJam
President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are Not Reigned In
December 16, 2009 3:01 PM
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. “
The president said that the costs of Medicare and Medicaid are on an “unsustainable” trajectory and if there is no action taken to bring them down, “the federal government will go bankrupt.”
...
Obama told Gibson that anybody who says they are concerned about the rising deficit or worried about tax increases in the future has to support this health care bill.
“Because if we don't do this, nobody argues with the fact that health care costs are going to consume the entire federal budget,” the president said.
(Excerpt) Read more at blogs.abcnews.com ...
Boy, if that term doesn't describe the prime directive of the hip-hop subcult of "African-Americans".
He actin' white!
This government is financially broke and reduced to borrowing TRILLIONS to remain afloat as it is. States themselves are broke and in a bind when it comes to meeting their obligations. The "stimulus" plan was a short reprieve to those liberal hell-holes unable to remain solvent on their own. It bought them and the scumbags running them a little time before they have to face their constituents with the truth. The limit is running out on how far this "can" of accountability can be kicked down the road. Time is running out. Something MUST be done to avert the disaster looming for those responsible if the public is faced with the truth that liberalism has ruined their lives and futures.
Over the past fifty years, liberals have made promises to take care of everyone who supported them. They’ve promised social security, medicare, and prescription drugs to the baby boomers. They promised exorbitant retirement packages to the teachers, the federal workers, and to the high ranking military. They promised cradle to the grave subsistence to the poverty stricken with welfare, food stamps, housing assistance, etc. etc. etc.
These “promises” now total over 57 TRILLION dollars. The baby boomers are almost ready to start retiring in massive numbers. They want their goodies. The federal workforce, along with the teachers and police are starting to retire in large numbers as they’ve put in their time as well. They want their goodies. Same for the military, etc. etc. The poverty folks are falling further behind and they will be making their continued demands.
If you are the United States government and are FLAT BROKE, how do you handle this situation? You can’t pay your bills. You can’t let the ones you’ve promised so much to find out it was all just a scam, at least if you are a current office holder. There is ONLY ONE SOLUTION. You anger the masses to the point of breaking up the country into separate political entities. Doing this means your day of reckoning NEVER arrives. You don’t ever have to show your hand. You simply allow history to change the landscape politically as you melt back into whichever society emerges. That 57 trillion dollar turd NEVER hits the fan. Knowing the end is near so to speak, steal as much “future” wealth as you can and take care of your buddies on Wall Street before you leave office (Bush), and take care of your buddies as you (Obama) wreck the nation into the disarray that will bring about this “change” everyone thought they were voting for.
Splitting up rescues those who have stolen everything. It's their only out.
We can only hope. Send it into receivership back to We the People for a long-overdue house cleaning and massive down-sizing.
In less than a year, Obama has overtaken Clinton as the biggest liar in POTUS history.
President Nobama: YOU are morally bankrupt. Resign immediately.
If the government doesnt start free healthcare for 35 million uninsured, then the government will go broke.
Does this make any sense?
The scary thing is that 52% of people are so dumb they willingly voted in a gy that all probability had less executive experience than they did.
Obama is creating Libertarians.
What is really funny is he has actually done nothing to please the left or the right. Just a milquetoast pansy trying to make everyone like him.
Excellent observations. At this point we have to ask ourselves can this treason, once laid bare for all to see, be dealt with by the great unwashed? And to your point, is there still time to undo the damage that’s been done, and at what cost, or have we already passed the tipping point? Regardless, I see some tough times ahead...
It involves ENDING the federal presence in our individual lives by gradually phasing out ALL of these "assistance" programs. I'd start off by placing an end date for social security and gradually cut back until no one is covered by it. Those who have paid into it who do not receive the "benefits" at least will have a 15% raise in income to show for it. I'd take this trade-off and I'm 57. I'd at least know that my kids and grand kids won't be screwed like all of us have been.
This one step would go a long way to returning this nation to financial solvency. Once federalism has been returned to it's rightful posture, those who have delivered it to our doors will become contributors to our society rather than bloodsuckers. The states will take center stage in providing whatever assistance is deemed necessary. The other thing to help this transition is to "privatize" as much as possible EVERYTHING that is currently being done by government so that things that don't survive in the real marketplace can die off as they need to.
These are just a few ideas to start off with. There are many other things that can be done. In short, yes, we can fix this.
In the world of career politicians, everything is made more complicated -- by them. As pointed out in the Gokhale-Smetters Report, "entitlements" have become embedded in the American psyche and anybody that makes a move to phase out or otherwise cut back on either can count on certain political death. Old folks vote in high numbers. Health Care Reform™ is an end run around the problem and Pubbies are left shilling for Medicare, etc; programs guaranteed to backrupt the country in the not to distant future. Interesting times.
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