Deficits for as Far as the Financial Eye Can See
This is Jim Capretta at National Review Online:
According to the Census Bureau, in 2008, there were 127 million Americans under the age of 65 living in households with incomes between 100 and 400 percent of the federal poverty line. The House and Senate health-care bills would essentially promise all of them either free insurance through Medicaid or caps on their insurance premiums based on their incomes. This would constitute the single largest entitlement spending expansion since the Great Society programs of the 1960s. CBO expects the federal spending associated with these new open-ended health entitlement commitments to reach about $200 billion annually by 2019 and escalate at about 8 percent annually thereafter.
Fasten your seatbelts, it’s going to be a bumpy [ride]…
Yep, they’re taking their cues from Massachusetts–expand coverage first, worry about costs later. They want to set that entitlement mentality into the majority of Americans because they know what the Europeans know–once the government controls healthcare–healthcare dominates all future politics and once instated, healthcare freebies can never be rescinded and people will gladly turn to the government and accept more taxes and regulation if they feel they’re healthcare might be threatened. This is all such a fraud–it really is criminal. We are doomed.
Love the Betty Davis line. Very appropriate.
This proposal would essentially satisfy two goals of the Democratic Party. It would redistribute income from rich to poor (and from taxpayers to preferred constituents). It would also make more than half of all Americans dependant on government for their health care. Since the Democratic Party is the party of government, Democrats are likely to reap the benefits of more government control.