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Tag Archives: national debt

An Opening for Republicans? Obama’s “Deficit Neutral” Health Care Reform Will Cost Twice As Much, Just As We Figured It Would

Back in 2009, when President Obama took advantage of Democrat control of the House and Senate and pushed through so-called healthcare reform, he assured the American people that the plan would be paid for and wouldn’t add to future deficits.  There were many people, especially those like myself who are familiar with health care costs and how health insurance works, were quite skeptical.  The plan did nothing to address rising healthcare costs.  Instead, it was nothing more than the opportunity Democrats had been waiting for get health insurers to change their rules for coverage and to get government-subsidized health insurance in the hands of Americans.  But to quote a popular line from “Thomas and Friends,” one of my toddler’s favorite shows, “then there was trouble.”

First, the administration can’t even get their act together regarding the mandate in the plan.  The White House said it isn’t a tax, but someone from within the administration testified on Capital Hill that it is.  Then, the CLASS act, which was a plan to tackle long term care, came under fire.  And for good reason–one of the accounting gimmicks used to make CLASS work was to make people pay premiums for the plan for years before the plan actually came into play.  Congress voted to remove it from Obamacare.

But the ultimate slight-of-hand used in getting the bill passed was to convince people the reform act would not add to future deficits, and in turn, to the national debt.  President Obama assured us that the plan would cost about $900 billion, and that the cost would be offset by money taken from Medicare savings and from revenue grabbed from insurers, medical device makers, etc.  Like Theo Huxtable in the episode of “The Cosby Show” when Bill tried to tell him it’s expensive to live on his own, President Obama deflected criticism by saying “noooo problem!”  What wasn’t apparent to average americans is that the cost projection used included years during which the plan would barely be implemented.

Now, the CBO has released projections on how much Obamacare will actually cost over the next 10 years, when fully in place.  The cost?  $1.76 trillion over the next decade.  And that number is expected to increase to $2 trillion next year.

On the one hand, the CBO also predicts that the government will increase revenue from taxes and penalties over those years so that *may* offset the additional costs.  But most people realize that while cost estimates typically run lower than actual, revenue estimates also tend to run lower, because as new taxes kick in, people tend to change their habits, which leads to lower revenues taken in by the government.  People will find ways to avoid paying additional taxes.

What we have here is another government implented program that is going to run over budget and need bailing out at some point in the future.  Maybe around that time people will finally realize that government can’t be trusted to be good stewards of our money.

Related link:
Obamacare to cost $1.76 trillion over 10 years

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Texas Gov. Rick Perry is Stupid. Oh, and He’s Racist. ALL Republicans are Stupid and Racist!

As expected, Texas Governor Rick Perry entered the crowded GOP presidential field over the weekend.  Him tossing his hat in the ring was a non-event, as people had been expecting him to enter for a while now.  No offense to Michelle Bachmann, but most bets right now are figuring this to be a two-horse race between Perry and former governor Mitt Romney.  (Sidenote:  is becoming president worth running multiple times and spending millions of your own money??)

Almost immediately, the attacks on Perry started coming.

It’s no secret that the Left loves attacking their political opponents via cracks at their intelligence.  Folks on the left will wax poetically on about how intelligent Obama is and how stupid George W. Bush is, or how stupid Michelle Bachmann is.  I can’t recall anyone on the Left referring to Al Gore being stupid even though his grades were actually worse than Bush’s.  And even when such an observation was made, it was done in a way to still make Gore–the Lefty–not look so bad:

His generally middling college grades at Harvard in fact bear a close resemblance to the corresponding Yale marks of his presidential opponent, George W. Bush, whose studiousness and brainpower have been more open to question during this campaign.

Gore arrived at Harvard with an impressive 1355 SAT score, 625 verbal and 730 math, compared with Bush’s 1206 total from 566 verbal and 640 math. In his sophomore year at Harvard, Gore’s grades were lower than any semester recorded on Bush’s transcript from Yale. That was the year Gore’s classmates remember him spending a notable amount of time in the Dunster House basement lounge shooting pool, watching television, eating hamburgers and occasionally smoking marijuana. His grades temporarily reflected his mildly experimental mood, and alarmed his parents. He received one D, one C-minus, two C’s, two C-pluses and one B-minus, an effort that placed him in the lower fifth of the class for the second year in a row.

But I digress.

Recently, The Huffington Post jumped into the fray by announcing they had obtained a copy of Rick Perry’s college transcript.  As is usually the case, the intended implication is that maybe Perry ain’t so bright:

One reason that might explain his hostility toward the system: He didn’t do very well in it. A source in Texas passed The Huffington Post Perry’s transcripts from his years at Texas A&M University. The future politician did not distinguish himself much in the classroom. While he later became a student leader, he had to get out of academic probation to do so. He rarely earned anything above a C in his courses — earning a C in U.S. History, a D in Shakespeare, and a D in the principles of economics. Perry got a C in gym.

Nevermind that the debate should center on what he has done since then, or maybe even focus on his term as governor, or even that release of a transcript without permission of the student may be illegal. No. Let’s go back to college so we can legitimately say (say it along with me now) “Rick Perry is stupid!!”

Now, the other preferred method of attack is to find a way of labeling the GOP as “racist.”  Nevermind that the word has been misused so much that most people don’t even know the real definition, or don’t realize that “bigot” or “prejudiced” would probably be better if the argument actually applied.

MSNBC talking head Ed Schultz decided to prove Perry is a racist.   Now, mind you, the Left is always on the case when it comes to calling out statements they don’t like, especially when they are made by Limbaugh, Hannity, and other Conservative talking heads.  Somehow, they never mind when people like Schultz pull absurd statements out of their sphincter void and toss them out like gospel.

Rick Perry gave a speech where he referred to America’s debt as a “black cloud hanging over us.”  So what did Schultz do?  He had his people do some selective editing:

Yep.  Let’s leave out a key phrase–“that debt”–and make a case out of it, going so far as to invite guests on who you know will agree with you.  Schultz did apologize.  “On this particular statement, we should not have included it in our coverage of his overheated rhetoric,” he said in a statement.   “That’s our mistake. The full context of all of these other statements show who he is and what he stands for.”

In other words, “sorry we faked THAT one, but he’s still a racist!”

Next, we’ll start hearing about how GOP candidates are ugly and dress funny.