Posted on 03/15/2010 4:23:53 PM PDT by Kaslin
In a swindle that would make Bernie Madoff look like an amateur, Barack Obama has gotten a substantial segment of the population to believe that he can add millions of people to the government-insured rolls without increasing the already record-breaking federal deficit.
Those who think in terms of talking points, instead of realities, can point to the fact that the Congressional Budget Office has concurred with budget numbers that the Obama administration has presented.
Anyone who is so old-fashioned as to stop and think, instead of being swept along by rhetoric, can understand that a budget — any budget — is not a record of hard facts but a projection of future financial plans. A budget tells us what will happen if everything works out according to plan.
The Congressional Budget Office can only deal with the numbers that Congress supplies. Those numbers may well be consistent with each other, even if they are wholly inconsistent with anything that is likely to happen in the real world.
The Obama health care plan can be financed without increasing the federal deficit — if the administration takes hundreds of billions of dollars from Medicare. But Medicare itself does not have enough money to pay its own way over time.
However money is juggled in the short run, the government's financial liabilities are increased by adding this huge new entitlement of government-provided insurance. The fact that these new financial liabilities can be kept out of the official federal deficit projection, by claiming that they will be paid for with money taken from Medicare, changes nothing in the real world.
(Excerpt) Read more at investors.com ...
absolutely
Obama may end up with a 150 year sentence too........
It ain’t over till it’s over”
The Philosophy of Berra.
“I’ll be glad if he only gets a single sentence mention in future History Books...That would be justice...”
OOOOOKAY........
” A fanatical Marxist dictator, named Barry Soetoro briefly took office as President in 2009, but was removed in late 2010 by an insurrection of 6-8 million angry Americans.”
There is your sentence ;-)
Thanks for the ping to a great hammer blow at the hand of Dr. Sowell to the fraud-in-Chief.
In answer to his question about buying a used car from “Zero’s-Used-Auto-Such-A-Deals” the answer isn’t just NO, but Hell NO.
Fraud has been at the heart of this medical care takeover plan from Day One.
By collecting money for 10 years and spending it for only six years, you can make the program look self-supporting, but only on paper and only in the short run.
Thanks for the ping!
“Easy answer, even the IBD can understand — NOBama lies, a whole lot, about nearly everything.”
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I’m starting a new temperance drive, everyone will take a drink every time they catch Obama telling the truth. The bars will all shut down.
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