by j. wright - 11/19/2009
Democrat Senate Majority Leader Harry Reid and Company, behind closed doors again, NOT in the glare of C-Span cameras for all the world to see (as Candidate Obama promised) finally introduced the Senate's version of nationalized health care/insurance overhaul that the CBO estimates will cost $849 billion for the first ten years. Of course the new taxes to pay for this program begin now. The benefits, or lack of same, of the new plan will go into effect for the taxpayers six or seven years down the road, AFTER the 2012 elections. After the first ten years, who knows what the cost will be, or if the country will be solvent enough to afford it?
We've seen what happened to Medicare in the 25 years it has been in effect. It has exploded to ten times the cost of what was predicted by our "experts" in Washington. If "comprehensive health care reform" follows suit, our economy could totally collapse. There are areas where the goverenment should not involve itself (Read: meddle) and IMO, ths is one of them. Besides, its constitutionality is questionable, but who is examining at that?
The nearly $250 billion (1.4 trillion) "Doctor fix,” a stand-alone bill that strips a formula that automatically cuts Medicare physician payments out of "comprehensive" health reform, is still off budget, not paid for and raising the deficit. The Wall Street Journal writes, “This doctor maneuver is such a cleverly dishonest solution to their many contradictory promises that we're surprised Democrats didn't think of it sooner.” Will President Obama look the other way and break another huge campaign promise and sign health care reform into law while knowing it will definitely increase the deficit?
It should be interesting to see how he reacts after being taken "to the wood shed" by the Chinese over the ever expanding U.S. deficit, the incessant federal spending, and the threat of massive inflation in the future, which would place the billions of dollars the Chinese have 'invested' in the U.S. government in jeopardy.
The inmates are running the asylum and the Chinese recognize that. Too bad the MSM doesn't. They are too busy chasing former Governor Sarah Palin's skirt doing fact checks on her recent best selling book. Too bad someone from the Fourth Estate didn’t do as thorough a fact check on candidate Obama before the 2008 elections.
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