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President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are Not Reined In
http://blogs.abcnews.com/theworldnewser/2009/12/president-obama-federal-government-will-go-bankrupt-if-health-care-costs-are-not-reigned-in.html ^ | Dec. 16,2009 | Karen Travers

Posted on 12/16/2009 2:53:54 PM PST by COUNTrecount

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.”

“This actually provides us the best chance of starting to bend the cost curve on the government expenditures in Medicare and Medicaid,” Obama said.

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.

Obama is facing an increasingly skeptical American public when it comes to his push for health care reform.

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


TOPICS: News/Current Events
KEYWORDS: bankruptcy; bhohealthcare; chucklestheclown; killthebill; obamacare
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1 posted on 12/16/2009 2:53:54 PM PST by COUNTrecount
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To: COUNTrecount
So lets increase taxes, regulations and spending!

That will solve the deficit problem!

2 posted on 12/16/2009 2:56:52 PM PST by fortheDeclaration ("Our constitution was made only for a moral and religious people".-John Adams)
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To: COUNTrecount

His verb tense is wrong. The federal govt IS bankrupt.


3 posted on 12/16/2009 2:57:39 PM PST by Gapplega
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To: COUNTrecount

Earth to Obama:you went bankrupt 12 TRILLION DOLLARS AGO!
‘A trillion here,a trillion there,pretty soon you’re talking real money’...Everett M. Dirksen
OK,actually he said billion,but thats in todays money.


4 posted on 12/16/2009 2:57:44 PM PST by pistolpetestoys (Outside of a dog a book is a mans best friend;inside a dog it's too dark to read.)
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To: COUNTrecount

What an ef’ing idiot....


5 posted on 12/16/2009 2:58:42 PM PST by BamaDi (I'm glad that I'm free, though I wish I was a dog and Obama was a tree!)
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To: COUNTrecount

What an ef’ing idiot....


6 posted on 12/16/2009 2:59:09 PM PST by BamaDi (I'm glad that I'm free, though I wish I was a dog and Obama was a tree!)
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To: COUNTrecount

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.


7 posted on 12/16/2009 3:00:56 PM PST by mo
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To: COUNTrecount

Lying retard.


8 posted on 12/16/2009 3:01:56 PM PST by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
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To: COUNTrecount

This is the contingency cover story being prepped and audience-tested.


9 posted on 12/16/2009 3:02:10 PM PST by Senator John Blutarski (The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
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To: BamaDi

This was brought up a few months ago: For Obama, EVERYTHING must be a crisis. It is his mantra: “We must do this or we’re all gonna die”.


10 posted on 12/16/2009 3:02:29 PM PST by RobRoy (The US today: Revelation 18:4)
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To: COUNTrecount

No, it will go bankrupt if you continue to spend like an eight year old who found a wallet with ten trillions dollars in it.


11 posted on 12/16/2009 3:05:07 PM PST by DoughtyOne (Sick and tired of reading new information sure to hurt Tiger Woods' wife and kids. ENOUGH AREADY!)
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To: Senator John Blutarski

The “audience” is brain dead, that’s what they’re counting on.


12 posted on 12/16/2009 3:05:30 PM PST by COUNTrecount (Any society that would give up a little liberty to gain a little security will deserve neither)
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To: COUNTrecount
. . . . if Congress does not pass health care legislation that will bring down costs, the federal government “will go bankrupt.”

America to Obama - "We're already broke, you moron, passing legislation that increases our taxes and deepens the debt won't save your bacon.

This is just more scare tactics to try to convince the sheeple that "we're all gonna DIE"!

13 posted on 12/16/2009 3:05:45 PM PST by DustyMoment (FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
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To: Psycho_Bunny
Lying retard.

Don't count deviousness as foolishness.

He ain't doing this because he's stupid.

14 posted on 12/16/2009 3:06:08 PM PST by TChris ("Hello", the politician lied.)
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To: fortheDeclaration
"So lets increase taxes, regulations and spending!"

And then by increasing the amount of people covered, we'll still have to pay more to end up getting our Health Care Rationed...

Who could pass up such a good deal?

sw

15 posted on 12/16/2009 3:06:45 PM PST by spectre (Spectre's wife)
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To: COUNTrecount

No, it will go bankrupt if you continue to spend like an eight year old child that found a wallet with a credit card in it that had a nine trillion dollar limit, and you over-drafted it by nine trillion.


16 posted on 12/16/2009 3:07:12 PM PST by DoughtyOne (Sick and tired of reading new information sure to hurt Tiger Woods' wife and kids. ENOUGH AREADY!)
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To: fortheDeclaration

So let’s take everything bad about the system- and make it ten times worse!

Then take everything good- and destroy it!

Good plan Obama. Idiot.

Costs are driven almost entirely by jackass lawyers like John Edwards. When he wins a multi million dollar award from some idiot jury who liked his dead-girl-channeling, that award is piled straight on top of costs- for all of us.

The providers buy insurance to protect themselves against jackasses like Edwards, and pile thatt straight on top costs- for all of us.

Then they perform 3 times as many tests as needed to further protect against jackasses like Edwards, and pile that straight on top of cosats- for all of us.

So Barack- take your phoney baloney concern for costs and stuff it up your blue ringed anus.


17 posted on 12/16/2009 3:07:27 PM PST by getitright (Are you hoping to change back yet?)
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To: COUNTrecount

USA will go bankrupt if it won’t spend another $2 trillion...
Obamalogic, ladies and gentlemen!


18 posted on 12/16/2009 3:08:06 PM PST by alecqss
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To: COUNTrecount

“the federal government will go bankrupt.”

So this is the pre-Christmas message Obozo has for the country in his interview with soon to be retired snoot-nose Gibson.

This is a seed, a trial balloon, because you know he does want to destroy our economy. And then when it all goes south, he has a scapegoat- the failure to pass his health care program.

What POTUS throws out ““the federal government will go bankrupt” in an interview with a network anchor?

These people are devious schemers who ran a brilliant campaign last year, and phrases like this are intentionally planned and planted.

He doesnt care if the public is “skeptical” of his healthcare plan- he hates this country, wants to take us down, and couldnt give two farts if people are skeptical.
He’s going full apeed ahead.


19 posted on 12/16/2009 3:08:20 PM PST by Canedawg (Bring lawyers, guns and money.)
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To: COUNTrecount
OBAMA WANTS TO TAKE AWAY THE FREEDOM OF AMERICANS very badly.

I curse the day he was born, and the place too, wherever that is, your guess is as good as mine.

This is the conquest of America by a treasonous leftist.

I hope the Health Care bill gets tied around his neck and that he sinks like a stone.

20 posted on 12/16/2009 3:08:33 PM PST by Candor7 ((The effective weapons Against Fascism are ridicule, derision , and truth (.Member NRA))
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