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 ...
Interest is going to consume the entire budget before too long.
Wait....We can sell our GM stock to survive. Sure....That’ll work...NOT
Obama doesn’t seem to understand that we’re already bankrupt and that a Government takeover will only make it worse.
What a jerk. Every study has shown that this plan will actually INCREASE “health care” costs to the federal government.
Wrong, the country will go bankrupt if we don’t get you out of office now. Leave your filthy hands off of our health care and let us take care of it ourselves!
Didn’t Obama just tell Republicans to stop scaring people?
Simple economics say that if we spend more than what we make, we’re in a bad position. How on Earth can this bozo say that by spending even more we can save the Feds behind?
It does not make sense whatsoever!!!
CUT SPENDING YOU DUM@SS! Cut welfare, money to Acorn, abortion, all of the crap that liberals keep shoveling money towards is killing the Federal Government. I am now certain that the Federal Government should only be spending money on defense, nothing else!
Isn’t the proper word to use “reined” in?
Yes. We were all scared when he did, too.
WE ALREADY ARE BANKRUPT
MORALLY
FISCALLY
The truth, finally. That's what this whole fiasco has been about, as I've been saying for months now.
Good catch.
The term here is "reined in" as in "reining in" an Thouroughbred on a racetrack.
The term "reign" is used when talking about royalty... which tells you what this reporter thinks of Obama.
Lying retard.
and Santa will never come again, and there will be no more rainbows, and and all the puppies will run away, and the stores will stop selling candy...
Sorry Bambi, we're not that dumb.
OK, Zero, so do something about it: give up on your ridiculous healthcare plan.
They’re headed for bankrupty regardless....and if that Moslem half-breed thinks this healthcare con his Democrat party has ginned up will DO ANYTHING to rein in healthcare costs OR bring down the deficit...they should be institutionalized as to stupid to attempt reasoning.
Ya know, we haven’t heard any ins. crying wolf, ‘’we’re about to go broke’’!!!
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