During an interview with Charlie Gibson, Obama warns that if Obamacare does not pass, the US could face bankruptcy.
From ABC News:
President Obama told ABC News’ Charles Gibson in an interview that if Congress does not pass health care legislation that will bring down costs, the federal government “will go bankrupt.”
The president laid out a dire scenario of what will happen if his health care reform effort fails.
“If we don't pass it, here's the guarantee….your premiums will go up, your employers are going to load up more costs on you,” he said. “Potentially they're going to drop your coverage, because they just can't afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year. “
The president said that the costs of Medicare and Medicaid are on an “unsustainable” trajectory and if there is no action taken to bring them down, “the federal government will go bankrupt.”
“This actually provides us the best chance of starting to bend the cost curve on the government expenditures in Medicare and Medicaid,” Obama said. Click here for video.
Talk about being full of s—t! If anything, passing Obamacare and adding another trillion to the deficit is what will bankrupt the nation. Is anyone still buying Obama's Chicken Little impersonations after the stimulus? If so, please give me their names and addresses, because I have a few bridges to sell.
Obama’s fear mongering is the exact thing liberals accused Bush of doing with stating the dangers of terrorism. I wonder if they will call out Obama? Doubt it!
Via: ABC News