If you’re like most of the country, you probably didn’t see all 6 hours of Obama’s infomercial on Obamacare.
You probably also missed Representative Paul Ryan from Wisconsin expose the not-so-well-hidden true costs of Obamacare. Here are the key points.
• “This bill does not control costs (or) reduce deficits. Instead, (it) adds a new health care entitlement when we have no idea how to pay for the entitlements we already have.”
• “The bill has 10 years of tax increases, about half a trillion dollars, with 10 years of Medicare cuts, about half a trillion dollars, to pay for six years of spending. The true 10-year cost (is) $2.3 trillion.”
• “The bill takes $52 billion in higher Social Security tax revenues and counts them as offsets. But that’s really reserved for Social Security. So either we’re double-counting them or we don’t intend on paying those Social Security benefits.”
• “The bill treats Medicare like a piggy bank, (raiding) half a trillion dollars not to shore up Medicare solvency, but to spend on this new government program.”
• “The chief actuary of Medicare (says) as much as 20% of Medicare providers will either go out of business or have to stop seeing Medicare beneficiaries.”
And here’s the video clip:
Obama’s response: “There are some strong disagreements on the numbers here, Paul, but I don’t want to get too bogged down.”
Sure, Mr. President, let’s not get into the numbers. After all, why let national solvency and American freedom get in the way of progress?
