Thursday, May 13, 2010

Obama & Socialists Lied About The HealthScare Plan

President Obama and the Socialists that control Congress lied about the cost of Obama's HealthScare Plan. It was all smoke and mirrors. Now we learn from new Congressional Budget Office numbers that "surprisingly" were not available before the vote that had to happen in a big rush, or life as we know it was going to end, that HealthScare is actually going to cost another $115 Billion over ten years. So if you believe the numbers, which most Americans don't, Obama's HealthScare Plan is going to cost over $1 Trillion over ten years and that is with $500 Billion in new taxes and $500 Billion in Medicare Cuts.

However, like Medicare that actually cost four times what was projected in 1965 when it was enacted into law, it is likely the HealthScare will follow the same pattern so instead of costing $1 Trillion over the next ten years, it will probably cost three or four Trillion dollars. Of course, this is money that the US does not have so it will result in huge debt, assuming the our financial system does not collapse first, which is likely if the current Obama spending trajectory is allowed to continue.

At the same time, the Obama Administration has moved to help bail out Europe with borrowed money and will shortly announce a bail out of various US states that are bankrupt as a result of Socialist Schemes and illegal immigration. So rather than cut spending to end various entitlements and pork barrel spending in the Trillions of dollars, the Socialists in both the United States and Europe continue to spend money with reckless abandon in violation of their fiduciary responsibility as elected representatives of the people. Oh, and lets not forget the billions in bail out monies that are going to Freddie Mac and Fannie Mae to prop up the housing market in the US. None of this is sustainable as we approach $13 Trillion in debt in the next few weeks.

The day of reckoning is surely coming because this just can't continue. Moody's rating agency has already announced that by 2013, the US will no longer be rated as a Triple AAA rated credit risk, which means that the US will have to pay much higher interest rates to borrow money making matters even worse. This is exactly what just happened in Greece as their bonds were rated as junk bonds requiring the EU to step in to prevent the collapse of the EURO and the whole EU system.

This is serious business; yet we have Socialist elected representatives in Congress and Obama who apparently just do not understand Economics 101 and global finance. It is only a matter of time before all of these things come to pass because eventually the balloon will just burst as just happened in Greece. We can't let that happen. We must take back our country in 2010 and 2012 by electing Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, real energy independence and health care reform, a strong national defense including properly dealing with Terrorism, the right to bear arms, the sanctity of life and family values. And, we must elect Conservatives that support the Constitution as written by our Founding Fathers, not as contrived by our current Socialist President, former Presidents, Congresses, or the Courts. In doing so, we must repeal Obama's HealthScare Plan and replace it with a common sense approach to health care reform that does not bankrupt our country. We can do it. We must do it for the sake of our children and grandchildren.

No comments:

Post a Comment