From the Wall Street Journal:
Mr. Obama began by depicting a crisis in the entitlement state, noting that "our health-care system is placing an unsustainable burden on taxpayers," especially Medicare. Unless we find a way to cauterize this fiscal hemorrhage, "we will eventually be spending more on Medicare than every other government program combined. Put simply, our health-care program is our deficit problem. Nothing else even comes close."
On this score he's right. Medicare's unfunded liability—the gap between revenues and promised benefits—is currently some $37 trillion over the next 75 years. Yet the President uses this insolvency as an argument to justify the creation of another health-care entitlement, this time for most everyone under age 65. It's like a variation on the old Marx Brothers routine: "The soup is terrible and the portions are too small."
There's no way a public option is going to work. But then, health care reform is not intended to improve health care.
I LOVE the article....... Apparently, to use your word, our "intrepid" president is also a racist since he alludes to it so often. Have the touchy feely liberals figured out that racism will not go away because half the time that is their reason for the public for not liking Obama's plans. I would like to point out how the extremists on both sides like to think of me, the average citizen, as stupid. In this case I MUST be a racist because I do not like what Obama is doing. It could not be because I do not want to be taxed more for not having insurance nor do I think government insurance is all that great or that we need a trillion dollar spending program now like we need another hole in the head. But then again not only am I a stupid racist, according to Obama on his talk show run, I am anti government as well. I am going to be on a watch list now aren't I?
Posted by: Marian Bowler | September 22, 2009 at 06:40 PM