Guess What? We Are Out of Money!
httpv://www.youtube.com/watch?v=NQ4RU9rlnbM
Says our great leader, President Barack Obama.
Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.
So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.
So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.
So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.
Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...
So basically, we are out of money…but we have to spend more money to stop the hemorrhaging from spending the old money.
Well, at least reality has set in for Obama; don’t think the same can be said for the rest of the Democrats. But it doesn’t end there, does it? The assumption is that the new Obamacare will save money…which is a huge leap of faith, based on no facts whatsoever. So to save us, he is going to implement the largest government takeover in U.S. history…in order to…reduce government spending.
You realize what your current debt is? $546,688 per every American Houshold.
Oh boy.
httpv://www.youtube.com/watch?v=zhhkF3dqXR0
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