Posted by Curt on 26 August, 2009 at 10:03 am. 6 comments already!

The MSM is slowly coming to grips that ObamaCare is something that needs to be trashed:

NO ONE LIKES to be the bearer of bad news — especially when it could threaten your multibillion-dollar health-care reform bill. And so the Obama administration did not exactly rush to publish yesterday’s required mid-session update to its federal budget estimates of last February. Still, once the numbers finally emerged in the dog days of August, they retained the power to stun: Instead of a cumulative $7.1 trillion deficit over the next decade, the White House now projects a $9 trillion deficit. These figures imply average annual budget deficits greater than 4 percent of gross domestic product through fiscal 2019, a rate of debt accumulation faster than projected GDP growth. This is not a sustainable fiscal path.

The extra $1.9 trillion in red ink mainly reflects the Office of Management and Budget’s adoption of more realistic — that is, more pessimistic — estimates of economic growth and unemployment. White House officials protest that their original, rosier numbers made sense at the time; actually, plenty of forecasters, including those at the nonpartisan Congressional Budget Office, made more accurate calls. This situation was foreseeable and should have been acknowledged earlier.

~~~

The new deficit numbers make it even more urgent that any health-care reform not only be fully paid for and certifiably budget-neutral in the eyes of independent analysts such as the CBO but also promise meaningful reductions in the cost growth of health care. So far, none of the plans under discussion measure up. The time is fast approaching for the president and Congress to face that reality, too.

~~~

Still, the Bush administration’s irresponsibility notwithstanding, it is time to stop crying “we inherited it.” …

Of course they use economic reasons to tell Obama to shove it, not the proposed Socialism, but the economy is something people can wrap their head around. Under Bush and a Republican Congress the deficit got up to 428 billion. Democrats came in, Obama came in, and now its over 1 trillion+ and they want to talk about 9 trillion!


Of course this is before the Chappaquiddick killer died…maybe the WaPo would of changed course and pushed for ObamaCare….but I doubt it. This kind of debt is just not sustainable and would ruin this country.

More here.

0 0 votes
Article Rating
6
0
Would love your thoughts, please comment.x
()
x