Posts Tagged ‘health care costs’

At Least HALF Of All Employers Will Likely Shove Workers Into ObamaCare. The Beast Is Coming.

June 22, 2011

At a town hall meeting in New Hampshire on Aug. 11, 2009, President Barack Obama repeated a line he’s used many times in describing his health care proposal: “If you like your health care plan, you can keep your health care plan.”

Politifact says that claim was “half true” on their truth-o-meter.  But half truths quite often amount to whole lies.

What was it that Nancy Pelosi said before Democrats rammed through ObamaCare using every deceitful trick and tactic available?  Oh, yeah: “But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy.”

Well, here are just some of the increasingly bleak truths that we are learning:

A report by Price Waterhouse Coopers (PWC) on medical cost trends for 2012 provides a dismal forecast of continued increases that consumers will see in their health care costs.
Key findings of the PWC report indicate:

  • The Democrats’ health care law has done little to ease the compliance burdens facing employers – as the PWC report points out, “employers have had their hands full complying with the avalanche of new regulations under PPACA.”
  • Medical costs are expected to increase:  PWC expects medical costs to increase 8.5% in 2012, up from 8% in 2011.
  • More Americans will NOT be able to keep the health care coverage they have and like, with the report noting that “some employers are becoming less confident in their ability to offer health benefits on a long term basis.”

Of note:

  • 84% of employers are likely to make changes to offset the costs associated with the Democrats’ health care law,
  • 86% are likely to re-evaluate their overall benefits strategy, and
  • 50% are considering significantly changing or eliminating company subsidies for dependent medical coverage.

Well, THAT sure sucks.  Sorry for all you schmucks who worked so hard in your personal lives – went to college, stayed on the straight and narrow, scrimped and saved when others bought the latest fad items, showed up on time every day and worked hard while others slacked off around you – just so you could get a job with DECENT BENEFITS.  But those days are gone now because Democrats imposed their will to create a massive boondoggle.  And now, as a result of Barack Obama, Nancy Pelosi, Harry Reid – and of course the now-famous Anthony Weiner – you get to be tossed into a bad, smelly place where you won’t be able to get a doctor to save your life.  And if you get thrown into Medicaid, where Obama most wants you, then God help you, because Obama sure won’t.

The “fog of controversy” is lifting.  Now we’re starting to see that the FACT that Democrats have created a monster that will eat us alive.

I think of fellow communist country North Korea.  You’d think leftists would care about their people, but they don’t.  Back in 2004, the New York Times wrote of fellow socialist traveller North Korea – “that claims to follow the world’s purest brand of communism” – “almost 10 percent of the population is believed to have starved to death.”  And nothing has changed since then.

Let’s consider the attitudes of leftists.  Take Chairman Mao – who has been publicly praised by top Obama officials.

“The atom bomb is nothing to be afraid of,” Mao told Nehru, “China has many people. . . . The deaths of ten or twenty million people is nothing to be afraid of.” A witness said Nehru showed shock. Later, speaking in Moscow, Mao displayed yet more generosity: he boasted that he was willing to lose 300 million people, half of China’s population.” [Annie Dillard, “The Wreck of Time” in Harper’s from January 1998].

Here’s a little more of Chairman Mao’s attitude for his people:

LEE EDWARDS, CHAIRMAN, VICTIMS OF COMMUNISM MEMORIAL FOUNDATION: In 1959 to 1961 was the so-called “great leap forward” which was actually a gigantic leap backwards in which he tried to collectivize and communize agriculture.

And they came to him after the first year and they said, “Chairman, five million people have died of famine.” He said, “No matter, keep going.” In the second year, they came back and they said, “Ten million Chinese have died.” He said, “No matter, continue.” The third year, 20 million Chinese have died. And he said finally, “Well, perhaps this is not the best idea that I’ve ever had.”

CHANG: When he was told that, you know, his people were dying of starvation, Mao said, “Educate the peasants to eat less. Thus they can benefit – they can fertilize the land.”

With liberals, One death is a tragedy; one million is a statistic.”

Think of energy.  Liberals have demonized oil, gas, coal, nuclear and everything else that actually produces energy.  They want to leave us with “renewable energy” which produces about 8% of our energy needs.  What are we going to do for the rest?  Obama says he plans to bankrupt the coal energy which supplies half of America’s electricity.  Obama has continued to pursue this reckless policy with regulations that are crippling us.  What are we going to do?  And the shocking secret is it doesn’t matter to them.

And the reason that the Kim Jong Ils and the Chairman Maos and the Joseph Stalins and the Barack Obamas stay in power is that people simply can’t believe that their leaders are truly that depraved.

I’ve been a voice shouting in the wilderness that the mantras of the Democrat Party are virtually identical with the mantras of Marxism.

They don’t care about your LIFE, let alone about your health care.  These people hate God, and they want to create massive government in place of God, and they want to be the high priests of that government, and they want you to come hat in hand and bow down before them such that they get to decide who the winners and losers are.

Liberals want to crash the system and impose the Marxism they have always dreamed of.  Think Cloward and Piven.  Think of the liberal strategy to crash the US economy.

The beast is coming.  He too will be a leftist.  He will actually be able to create what the left have been dreaming of for a generation and beyond: a one-world government.  He will be a big government totalitarian who will promise to take care of everybody just as every leftist has done from Karl Marx to Stalin to Hitler to Chairman Mao to Kim Il Sung Pol Pot Mao to Kim Jong Il.  He will produce a government system in place of God, and then he will declare himself as god over that government (Daniel 9:27; Matthew 24:15-21; 2 Thessalonians 2:3-4; Revelation chapter 13.

People who truly value individuals value the individual freedoms inherent in a free market economy.  What we are now seeing in these last days are people who DON’T value individual human lives.  They have snuffed out more than 53 million human lives in America alone through the Holocaust of the abortion mills.  And they have transported their hell with them to Asian countries that have created an unnatural and monstrous imbalance as “a woman’s right to choose” has murdered millions upon millions upon millions more WOMEN.  They have been working and laboring to bring the hell of the Antichrist to this world and to this very country for decades.

And this hell is now at our very doorstep.

D. James Kennedy issued a prophetic warning: “Watch out, Grandpa!  Because the generation that survived abortion will one day come after YOU!”

Senior citizens – and those close to being senior citizens – are going to find out that they aren’t working anymore, which means they are no longer productive.  Their going to find out that aging people consume vastly more medical resources than younger, healthier people.  They’re going to find out that Obama has already spent America into staggering debt that it cannot possibly repay.  And they’re going to find out that liberals think they’ve already lived their “complete lives.”

And the left WILL come after you, Grandma and Grandpa.  They’re going to come after you through socialized medicine and the ObamaCare monster that created it.  They’re going to kill you by the tens of millions.  They’ve done it before; they’re literally doing it right now.  And you aint seen nothing of the HELL that these people are laboring to create yet.

 

Obama Job Summit Deliberately Snubs Primary Job Creators

December 4, 2009

Do you remember Obama publicly attacking the U.S. Chamber of Commerce over it’s opposition to ObamaCare? Obama sure does.

Barack Obama is a petty, vindictive man.  And petty men do petty, vindictive things.  He is the kind of man who deceitfully and cynically claimed that he would uniquely transcend the political divide – only to be the most politically divisive figure we have ever seen in the White House.  And he is the kind of man who would cut off his nose to spite America’s face.

Case in point: the Obama job summit.

Obama gathered liberal economists (no conservatives allowed), pro-Democrat corporate CEOs, and union chiefs to tell him only what he wanted to hear.

But one business group was entirely shut out by Barack Obama, namely, the U.S. Chamber of commerce, which represents businesses that employ 115 million Americas (well more than half of the total U.S. work force).  And, according to USCoC executive vice president of government affairs Bruce Josten, “Not only were we not invited, but not a single business organization HQd in Washington DC was invited.”

Small businesses create three out of every four jobs in America.  Not that Obama gives a damn.

The National Federation of Independent Business (NFIB) – which also crossed Obama on ObamaCare – was also deliberately excluded.

Just in case anybody actually believed the White House or lamestream media propaganda that Obama’s “job summit” had anything to do with actually creating jobs.

An incredibly petty and vindictive president decided to punish the Chamber of Commerce and the National Federation of Independent Business for refusing to help him small business destroy jobs.   And in doing so, he is punishing millions of American workers.

Just imagine a job summit which is openly hostile to the actual creators of jobs.  Just imagine that job summit being depicted as being for the purpose of informing the president of all of the job-creating possibilities, when no one who disagreed with the president’s leftist views was even allowed to attend.

After agreeing with Judge Andrew Napolitano’s point that America is not going to have any meaningful job creation as long as the Obama administration continues recklessly printing, borrowing and spending trillions of dollars even as it utterly abandoning free market principles, Josten went on to say:

We need to get some certainty back in the American economy.  And right now you have a business community that doesn’t know what their tax liabilities are going to be a year from now; have no idea what their health care costs are going to be next year; have no idea what their energy costs are going to be next year; and have no idea what kind of credit is going to be available next year.  So this ‘big bang theory’ of using the crisis if you will – as the administration said some time ago – to move and overhaul entire swaths of the American economy, at this point is fueling uncertainty in the business community – and I would suggest to your listeners – in the American public.  And that’s a prescription to defer making any decisions.

And let’s not forget other abominations to business such as the union-agenda-imposing “card check” that would massively add to businesses’ costs if passed.

In other words, YOU ARE THE PROBLEM, OBAMA.

For all of Obama’s demagoguing and demonizing the Bush administration, this is Barack Obama’s economy (and any real leader would have long-since quit trying to blame his predecessor and started taking responsibility for what is happening in the country during his watch anyway).  It is HIS policies that have prevented the economy from recovering.  It is HIS policies that are killing jobs by creating paralyzing fear and uncertainty.

According to Jesus (see Luke 14:28), any wise man sits down and counts his costs before beginning a project.  But how can a business man do so in the climate of fear that Obama has created?

Statistically, this recession should have ended a while back, as the economy attained equilibrium and recovered on its own.  The average length of a recession is 11 monthsIt’s only when elitist statist bureaucrats start screwing around with all the economic levers because they think they know better than the free market system that we get long-term economic recessions and depressions.

Obama “turned fearmongering into an art form” while he force-fed his massive pork-laden stimulus onto the nation:

As he tells it, today’s economy is the worst since the Great Depression. Without his Recovery and Reinvestment Act, he says, the economy will fall back into that abyss and may never recover.

He promised us that if his stimulus passed, he would be able to keep unemployment under 8%.  Now it’s in double digits.  The rate dropped 2/10ths of a percent this month from last, primarily due to the fact that more people are simply giving up even bothering to look for jobs:

The unemployment rate also dropped because fewer people are looking for work. The size of the labor force, which includes the employed and those actively searching for jobs, fell by nearly 100,000, the third straight decline. That indicates more of the unemployed are giving up on looking for work.

The participation rate, or the percentage of the population employed or looking for work, fell to 65 percent, the lowest since the recession began.  Once laid-off people stop hunting for jobs, they are no longer counted in the unemployment rate.

The bait-and-switch and shell games being played by the mainstream media and the White House propagandists continues at Titanic-about-to-plough-into-an-iceberg pace.  Bad economic news that is not as bad as it could have been is projected as good news, while seriously bad news is buried in the 22nd paragraph of an optimistically-entitled and positively-spun article.

What we have is a numbers game in which actual unemployment could literally soar, even as the “official” unemployment rate actually decreases.

But you can bet your boots that actual unemployment will continue to go up.

Obama and his propagandists have since incessantly argued that they “underestimated” how bad the economy that “Bush left them” actually was.  That’s how they explain away their pathetic failure to do what they promised they could do if the got their porkulus.  But that argument utterly fails because Obama repeatedly compared it to the Great Depression.  In fact, Paul Volcker, the Chair of Obama’s handpicked President’s Economic Recovery Advisory Board, back on February 20th actually told us the situation “may be WORSE than the Great Depression.”

So I’ll leave it to you to figure out how the Obama administration could have argued on the one hand that the economy was the worst since, or even worse than, the Great Depression on the one hand, and then turned around on the other hand and said that they didn’t realize how bad the economy actually was.  Because if you know anything at all about the terrible conditions of the Great Depression, you know that our present economic situation has never been even close to being as bad as the Great Depression.

But don’t worry.  If you feel left out because you haven’t been able to experience the Great Depression, Obama’s policies are making sure you’ll be able to enjoy a Great Depression of your own soon.

Now we know this was just liberals using a “crisis” as an “opportunity.” As Obama’s Chief of Staff put it:

EMANUEL: You never want a serious crisis to go to waste. What I mean by that is it’s an opportunity to do things that you think you could not do before. This is an opportunity.

The point is that this unemployment “crisis” is just another “opportunity” for Barry Obama to “fundamentally transform America” and pay off his pro-liberal corporate and union special interests doing it.

Obama’s decision to deliberately snub the U.S. Chamber of Commerce and the National Federation of Independent Business in a “job summit” was either pathologically petty, idiotically incompetent, or both.  And the American people are going to suffer as a result.

If anybody should have been snubbed from attending the jobs summit, Barry Hussein, it was YOU.

As for the three-quarters of American workers who get their jobs from small businesses, well, screw you people.  That’s the “change” you get.

Health Care Bankruptices: More Liberal Lies

July 23, 2009

What was that line from Mark Twain?  “A lie can get halfway around the world before the truth can even get its boots on.”

In the course of the last two days – and watching mostly Fox News, no less – I have at least four times heard an advocate for the Democrats’ health care boondoggle recite the crap statistic that “60% of bankruptcies are due to health care costs,” with nary a reply by the journalist who should be able to separate fact from fraud.

If you’re going to interview a liberal, be aware that lies tend to accompany the movement of their lips.  When you have the latter, you almost certainly have the former.

It’s not that this hasn’t been repeatedly refuted.  It’s that the lies are piling up far faster than the refutation can keep up with them.  Democrats know from Hitler and Goebbels that if they keep telling a lie over and over again, people will eventually believe it.  So we just keep hearing about this massive number of bankruptcies over and over again.

It’s not true.

From ABC News:

Medical Bankruptcies: A Data-Check

March 05, 2009 12:37 PM

(3 p.m. update: See italicized items with responses from the lead author of the Harvard study, Dr. David Himmelstein.)

President Obama’s kicking off his health care reform today in the worst possible way: with a mischaracterization of data.

“The cost of health care now causes a bankruptcy in America every thirty seconds,” Obama said at the opening of his White House forum on health care reform. The problem: That claim, based on a 2001 survey, is simply unsupportable.

The figure comes from a 2005 Harvard University study saying that 54 percent of bankruptcies in 2001 were caused by health expenses. We reviewed it internally and knocked it down at the time; an academic reviewer did the same in 2006. Recalculating Harvard’s own data, he came up with a far lower figure – 17 percent.

A more recent study by another group, approaching it another way, indicates that in 2007 about eight-tenths of one percent of Americans lived in families that filed for bankruptcy as a result of medical costs. That rings a little less loudly than “one every 30 seconds.”

The extrapolation of Harvard’s data to “a bankruptcy every 30 seconds,” which Obama also mentioned in his address to a joint session of Congress last month, comes, per the White House, from a 2005 Washington Post op-ed by Prof. Elizabeth Warren, a co-author of the Harvard paper. Fact-check.org has noted that even using Harvard’s numbers, it’s more like a bankruptcy every minute; indeed if you add up all bankrputcies in a year you barely get one every 30 seconds. (I’ve e-mailed Warren for comment.) But more to the point is that the Harvard data are clearly inflated, or at best, mischaracterized.

Himmelstein tells me that the reason for the difference is a change in federal law that sharply reduced the number of bankruptcies. In 2005, the year he and Warren wrote their op-ed, there were just over 2 million bankruptcies. Data out just today say that in 2008 there were 1.1 million (up sharply, by the way, over 2007). So this error in the White House claim stems simply from the fact that it’s using out-of-date information. The next question is whether the estimate of “medical bankruptcies” is reliable in the first place.

A good part of the problem is definitional. The Harvard report claims to measure the extent to which medical costs are “the cause” of bankruptcies. In reality its survey asked if these costs were “a reason” – potentially one of many – for such bankruptcies.

Beyond those who gave medical costs as “a reason,” the Harvard researchers chose to add in any bankruptcy filers who had at least $1,000 in unreimbursed medical expenses in the previous two years. Given deductibles and copays, that’s a heck of a lot of people.

Moreover, Harvard’s definition of “medical” expenses includes situations that aren’t necessarily medical in common parlance, e.g., a gambling problem, or the death of a family member. If your main wage-earning spouse gets hit by a bus and dies, and you have to file, that’s included as a “medical bankruptcy.”

When I asked the lead author, Dr. David Himmelstein, about his definitions of medical bankruptcy back in 2005, he said, “It’s a judgment call,” and added that any death, for example, “to our mind is a medical event.”

A last problem was sampling: The Harvard researchers surveyed bankruptcy filers in five federal court districts accounting for 14 percent of bankruptcies nationally; projecting this to the other 86 percent is sketchy. Said Himmelstein: “Obviously the extrapolation is rough.”

Of such rough extrapolations are presidential pronouncements made. […]

“It stinks to be uninsured. I don’t want to be quoted saying anything else,” Dranove says. “But there are correct studies, and incorrect studies. For academics, the validity of the research methods matters.”

It should for the rest of us, too.

So you see a horrible study – absolutely horrible – that is clearly biased and filled with faulty assumptions and questionable definitions.  But it’s from Harvard, so it must be true.  Let’s run with it.  I noticed CBS and NBC news articles that did just that.  Factchecks?  We don’t need no stinkin’ factchecks.

ABC took that Harvard study, did their own review simply by recalculating the Harvard leftist professor’s own data – and came up with 17%.  But they were also able to find another study that concluded: “about eight-tenths of one percent of Americans lived in families that filed for bankruptcy as a result of medical costs.”

A professional named Steve Elias who specializes in bankruptcy cases comes to a similar conclusion regarding his own practice — that health care costs are at best a very minor part of our bankruptcies.

So every time I hear someone say “sixty percent of all bankruptcies are the result of health care costs, so we need to pass Obama care right now!” I know I am dealing with an ignoramus, or an ideologue, or both.

And every time I see that comment uttered to or in front of a journalist who doesn’t respond by correcting the record, I know that there’s yet another journalist out there who isn’t good enough at his or her job to pass muster.

Now, I could have stopped here.  But let me go on – because there are WAY too many lies being told by Democrats.

(CBS) Today the President again insisted that his health care reform won’t force you to switch plans or doctors.

“What I’m saying is the government is not going to make you change your plans under health reform,” said Mr. Obama.

That’s technically correct – but what the president didn’t say is that reform could lead your boss to change your health care plan, reports CBS News correspondent Sharyl Attkisson. Here’s how: 160 million people are insured through work and their employer actually picks up most of the cost. Under the president’s plan, Americans would be required to carry a certain level of coverage, which means many people would have to increase their insurance.

“Employer premiums will go up, and employers might respond by dropping coverage entirely,” said Michael Cannon, with the Cato Institute. “So if you’re one of those unfortunate workers then it will be a government policy that ousted you from your health plan.”

And if you do choose a public plan, you may want to keep your favorite doctors but they may not want to keep you. Under government health care, they could be paid 20 to 30 percent less.

Here’s another gargantuan Obama lie.  And – while I’m surprised and grateful that CBS took a swipe at it – I fear they didn’t go far enough, and won’t come back to the truth often enough.

A Wall Street Journal article absolutely destroys any claim to credibility Obama has in claiming that his plan won’t force tens of millions of people out of their private health care.

The last thing Obama and his Democrat allies have repeatedly lie about is that “Republicans are opposing reform.”

I would confront Obama by saying, “Name one.  Name one single Republican who is on the record opposing any kind of health care reform.”  It is demagogic rhetoric.  And the president is clearly becoming unhinged to rely on such demagogic attacks to force a clearly unpopular agenda down the country’s throat.

President Obama went after Senator Jim DeMint for his “Waterloo” remark.  DeMint, to his credit, fired right back, and pointed out that as a Senator Barack Obama voted against every Republican effort to reform health care.  So, in point of fact, who’s really against “reform” here?  And why doesn’t anybody remind Democrats how THEY were the party of “no” when Republicans were in charge prior to 2006 (which I might point out was prior to when our economy tanked).

There are way too many lies masquerading as truth claims going on.  It’s time to recognize who is lying to you, and to demand a fair presentation of the facts.

Democrat Position: We Have To Spend To Keep From Going Bankrupt

July 21, 2009

There’s stupid, really stupid, truly stupid, and Democrat stupid.

Try to follow Joe Biden’s argument (if you dare!):

(CNSNews.com) – Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.

“And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.”

“We’re going to go bankrupt as a nation,” Biden said.

“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that’s what I’m telling you.”

Spend your way out of bankruptcy.  There you go.

It sounds really good.  But I’ve got a couple neighbors on my street who tried it – and it turns out that it doesn’t work out all that good.

You see things walking your dog every evening.  Like what kind of cars people own, and what kind of expensive “toys” they have in their garage, and whether or not they’ve had pools installed or not.

There are two homes that are now standing vacant on my street.  And both of them had two expensive luxury cars in the driveway, and a number of toys such as jet skis (in one) and quads (in the other) in the garage.  And one had put in a below-ground swimming pool.  Both couples were young enough that I wondered, “Where did they get the money to buy all this stuff?” up until the very day I saw the moving trucks and then the foreclosure signs.

Nope.  You don’t spend to keep from going bankrupt.  You spend to go bankrupt even FASTER.  And, for the record, it is invariably excessive spending that puts people on the racetrack to bankruptcy in the first place.

Now, in business, or even in homes, one might make a relatively expensive purchase that will so reduce costs during the lifetime of the “gadget” that it justifies the initial outlay.  A new computer system that will streamline and optimize the accounting system; a new refrigerator that replaces a worn-out, energy-wasting unit.

Now, no rational business owner or homeowner would make such major purchases if they are already deeply in debt: the best move for either would be to pay down their highest-interest debts, which would save FAR more money in the long run.  Buying more stuff would just add to your already-too-high payments.  Even a sound purchase is unsound if you don’t have the cash on hand to pay for it.  I think budget experts such as Suze Orman (who offers such rare pearls of wisdom as “Saving is good; going into massive debt is bad”) would agree with me on this one.

But is Joe Biden talking about a big purchase that will save money down the road?

No.

Congressional Budget Office chief Douglas Elmendorf just got through telling Congress that the health care legislation at issue does not achieve “the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount.”  And then he went on to say that, “And on the contrary, the legislation significantly expands the federal responsibility for health care costs.”

ABC News’ Z. Byron Wolf reports:

Answering questions from Democrat Kent Conrad of North Dakota at a hearing of the Senate Budget Committee today, Elmendorf said CBO does not see health care cost savings in either of the partisan Democratic bills currently in Congress.

Conrad:  Dr. Elmendorf, I am going to really put you on the spot because we are in the middle of this health care debate, but it is critically important that we get this right.  Everyone has said, virtually everyone, that bending the cost curve over time is critically important and one of the key goals of this entire effort.  From what you have seen from the products of the committees that have reported, do you see a successful effort being mounted to bend the long-term cost curve?

Elmendorf:  No, Mr. Chairman.  In the legislation that has been reported we do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount.  And on the contrary, the legislation significantly expands the federal responsibility for health care costs.

Conrad:  So the cost curve in your judgment is being bent, but it is being bent the wrong way.  Is that correct?

Elmendorf:  The way I would put it is that the curve is being raised, so there is a justifiable focus on growth rates because of course it is the compounding of growth rates faster than the economy that leads to these unsustainable paths.  But it is very hard to look out over a very long term and say very accurate things about growth rates.  So most health experts that we talk with focus particularly on what is happening over the next 10 or 20 years, still a pretty long time period for projections, but focus on the next 10 or 20 years and look at whether efforts are being made that are bringing costs down or pushing costs up over that period.

As we wrote in our letter to you and Senator Gregg, the creation of a new subsidy for health insurance, which is a critical part of expanding health insurance coverage in our judgement, would by itself increase the federal responsibility for health care that raises federal spending on health care.  It raises the amount of activity that is growing at this unsustainable rate and to offset that there has to be very substantial reductions in other parts of the federal commitment to health care, either on the tax revenue side through changes in the tax exclusion or on the spending side through reforms in Medicare and Medicaid.  Certainly reforms of that sort are included in some of the packages, and we are still analyzing the reforms in the House package.  Legislation was only released as you know two days ago.  But changes we have looked at so far do not represent the fundamental change on the order of magnitude that would be necessary to offset the direct increase in federal health costs from the insurance coverage proposals.

In other words, the Obama administration is going to spend a ton of money in order to buy something that will cost even more money than the thing it replaces.

Not exactly a Consumer Reports “Best Buy” recommendation.

So we’re back to the young homeowners on my block who splurged and splurged and splurged on toys and luxery items and fancy cars until long after they were already broke.  And then they went “bye-bye.”

Don’t listen to Barack Obama and Joe Biden.  They are genuinely clueless idiots who will quickly spend this country into bankruptcy all the while assuring us that they are somehow spending us out of bankruptcy.  It doesn’t make any sense in your small business, it doesn’t make any sense in your home, and even though the federal government has a giant printing press to “make money,” it doesn’t make any sense in the White House.