I keep thinking on all the Obama proposals…what is the rush? First it was the “Stimulus” bill, then it was “Cap and Trade” and now it’s “Health Care.” The same mantra that is rolled out is that we have to do it or else! Or else what? Reduced care to the masses? I think not. Higher costs to the actual taxpayers? I think so.
From the televised speech last night:
“If you don’t set deadlines in this town, things don’t happen. The default position is inertia,” the president said, singling out his critics for playing political “games” with health care reform.
Reform is critical for rebuilding the economy and controlling the deficit, Obama argued. But with momentum slowing considerably in the effort to reach a deal on time, the president conceded that he wants to “do this right” and said he wouldn’t sign a bill that doesn’t achieve key objectives like reducing costs.
At the news conference, called to rally support for health care reform, Obama acknowledged that Americans are “understandably queasy” about debt and deficits — and the impact health care reform would have on both.
Obama used the news conference to try to put skeptics at ease, both inside and outside the Beltway. He said health care reform would not only improve the quality of care they receive at reduced cost but in the long run actually rein in spiraling deficits and debt.
“If we do not control these (health care) costs, we will not be able to control our deficit,” he said.
He rejected the notion that his administration only wants to “spend and spend.” In an odd boast, the president said his administration has already reduced the 10-year deficit projection from $9.3 trillion to $7.1 trillion.
Reduce deficits huh? The GOP House Ways and Means Committee has come up with their own figures and it projects the costs out past the Obama presidency (presumed to be 8 years) and past the natural lives of most of Congress:
- According to the Congressional Budget Office (CBO), the Democrats’ health care proposal includes over $1 trillion in new spending between now and 2019.
- The plan includes more than $820 billion in job-killing tax increases on small businesses and families making as little as $18,700 per year over the next decade.
- But even these massive new taxes aren’t enough to pay for the Democrats’ plan.
- CBO found the Democrats’ plan will increase the federal deficit by $239 billion over the next 10 years. What the Democrats don’t tell you is that the bill is not fully implemented until 2015, hiding the true costs and deficit impact of this government takeover of health care.
- CBO also confirmed that the Democrats’ rate of spending will lead to “a substantial hole that would need to be filled by the other provisions if the overall legislation were to be deficit neutral at the end of the 10-year window and into the following decade.”As the graph below shows,if the Democrats’ health care spending continues at those rates, it could cause a massive spike in the federal deficit – reaching as high as $1.6 trillion over the next 20 years.
Here’s a chart that the GOP came up with to outline the democratic plan for the “reform” of the health care system:
OK, to be totally fair, here is the democratic chart (the original one).
Do we need reform? I would say yes, but a government option is not the right answer. Just look to Medicare and Medicaid for the answer of whether Uncle Sam can administer an adequate health care option. Taking more time to actually draft a good option – outside of total government control – should be the goal of our lawmakers. I won’t hold my breath on that one.
Of course, this is just my opinion.
Filed under: Barak Obama, GOP, Healthcare, Obama, POTUS, Republicans | Tagged: GOP, GOP Healthcare Plan, Government Run Healthcare, Heatlhcare Speech, Obama | 15 Comments »