03/06/2010 (11:19 am)
If you have not already seen this video of Rep. Paul Ryan (R, WI) explaining to Obama’s Health Care Summit how the Democrats have jimmied the numbers for their health care bill, watch it now. In just over five minutes, he exposes the smoke and mirrors in the Senate health care bill, the double counting, the covert moving of funds from Medicare and Social Security, the separate bills to hide spending. He reveals how dishonest an exercise health care “reform” has been from a fiscal standpoint. Key line: “Hiding spending does not reduce spending.”
Keep in mind that Ryan is just rehearsing the annual numbers. This does not include long-term liabilities, which is where the federal government really breaks the bank. Government uses cash accounting, like Girl Scouts who sell cookies might do with their cash pouch. If they used accrual-based accounting, like virtually every corporation in America does, the national debt would be closer to $65 trillion than to $12 trillion — and health care “reform” will add to that dramatically.
This comes into greater focus as we examine the CBO’s estimate that the Obama administration’s budget will generate a trillion dollars in deficits more than he has predicted, over the next 10 years. And of course, he has shoved the entire question of reforming Medicare and Social Security off to a “commission” that will not even report until after his first term has ended.
If anybody believes the Democrats are serious about addressing the nation’s debt, they need a ringing smack to the head. They really do believe that money grows on trees, and that it’s “immoral” to consider what we can actually afford when planning government programs. Just concerning health care alone, if you believe that the government can absorb 1/7 of the US economy and insure 40 million new enrollees without adding a single doctor or specifying a single, new source of revenue, and not vastly expand the deficit, you believe in faeries and leprechauns. And if you believe that the Obama administration’s projections of health care costs will not be shown to be grossly understated within the first year, just like every state-paid health insurance plan has and just like every federal entitlement program in history has, you should go get yourself a thorazine drip.
2 Comments »
Comment by suek
“Never let a crisis go to waste.” Add to that…”If there isn’t a crisis, create one”. Add to _that_…Cloward Pivens – bring down a system by creating such a demand that the system fails.
Result: a bankrupt country, which results in civil turmoil and uprisings, which qualifies as a national emergency, granting the President all sorts of powers.
Comment by suek
A heads up and a warning: