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: Memeorandum
Via: ABC News
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2 comments:
Clifton, perhaps we should start sending packages of ex-lax to anyone in Congress inclined to vote for "healthcare reform", cap and trade, EFCA and yet another Fairness Doctrine.
Well, if we're going to go broke, I guess that means no more insurance or pensions for members of congress or the president. Speaking of which, perhaps we should eliminate life long secret service details to former presidents as well. Let's pare down what is truly a huge and frivolous waste of taxpayer dollars. Why shouldn't members of congress, and the president have their salaries cut back as well as federal employees. They can afford to buy their own insurance and transportation costs.
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