Yesterday, Barack Hussein Obama flanked by doctor props in white coats, urged passage of his Obamacare. (Teleprompter first, now props, what next?) He offered the following points in support of Obamacare:
- “my proposal would bring down the costs of healthcare for millions–families, businesses and the federal government.”
- it is “fully paid for.”
- it “brings down our deficit by up to $1 trillion over the next two decades.”
Despite the president saying that everything about healthcare has been said what hasn’t been said or heard, as stated euphemistically in today’s WSJ, is that there is not one shred of honesty in what Obama is saying about the true cost of Obamacare. In short, HE LIES!
Paul Ryan is the white knight truth teller here:
- 10 years of payments for 6 years of benefits–true 10 year normalized cost is $2.3 Trillion, not the $950 Billion sold by Obama.
- double counting $52 Billion in social security taxes as offsets, even though they are reserved for social security–aren’t we obligated to pay social security?
- double counting $72 Billion from the long-term care insurance program and counts them as offsets even though they are obligated to pay for long-term care. Democratic Senate Budget Chair, Kent Conrad, said this was a Ponzi scheme that would make Bernie Madoff proud!
- $500 Billion raided from Medicare to go as an offset when the chief actuary of Medicare says that this will cause 20% of Medicare providers to go out of business or stop seeing Medicare patients!
- “doc fix” $371 Billion is taken out of Medicare, used as an offset, then put back into a separate bill which the CBO does not count against Obamacare.
- cost curve is bent up not down, the chief Medicare actuary says Obamacare increases costs by $222 billion.
- Obamacare raises the deficit by $460 Billion for the first 10 years and $1.4 Trillion for the second 10 years; total added deficit for two decades is $1.860 Trillion.
These points were clearly made to Obama by Paul Ryan and the chief Medicare actuary. (see: Obama Can’t Answer Paul Ryan, and Paul Ryan LIVE–Ya gotta love this guy.)
Yet Obama stood up yesterday with doc props, gimmicks, double counting, and “doc fix” subterfuge, and LIED TO THE AMERICAN PEOPLE. Shame on him.
Tom Motherway