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Thread: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are Not R

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    President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are Not R

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    ABC's Karen Travers reports from Washington:
    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.
    Leftwingers calling the right fearmongers? Look at what this son of a bitch is doing?
    Last edited by American; 12-17-09 at 01:38 PM.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Okay, let's try this again and see how fast you can move the thread...

    Quote Originally Posted by American View Post
    President Obama told ABC News’ Charles Gibson in an interview that if Congress does not pass health care legislation that will bring down costs,
    This is the key sentence.

    Congress is not working on any form of any bill that will reduce health care costs for anyone. I mean, their main goal is to provide gratis to poor people what they already get for free now.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Scarecrow Akhbar View Post
    Okay, let's try this again and see how fast you can move the thread...



    This is the key sentence.

    Congress is not working on any form of any bill that will reduce health care costs for anyone. I mean, their main goal is to provide gratis to poor people what they already get for free now.
    Nothing is free, we're paying for it. Howard Deans timing isn't coincidental.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by American View Post
    Nothing is free, we're paying for it. Howard Deans timing isn't coincidental.
    Well, we shouldn't have to pay it. I'm willing to accept that total strangers will die if the government doesn't steal money from me. Total strangers die every day without my money already, why be restrictive?

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    I think this move by Howard Dean somehow plays into what the Obama is doing, but we'll see how this plays out.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    I was a bit surprised at Dean's response as well.

    The sad fact of the matter is that the US government may end up going bankrupt eventually no matter what we do.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by American View Post
    Leftwingers calling the right fearmongers? Look at what this son of a bitch is doing?
    The Silence of the Left is deafening

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goobieman View Post
    The Silence of the Left is deafening
    He is correct. You so called supply siders will love this, but in the event that health care cost explodes, the Laffer curve will definitely come in to play. Can you explain how this is so Goobie?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goldenboy219 View Post
    He is correct. You so called supply siders will love this, but in the event that health care cost explodes, the Laffer curve will definitely come in to play. Can you explain how this is so Goobie?
    Why would -I- feel any need to explain -your- claim?

    Never mind that your statement doesn't address the issue that I responded to.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goobieman View Post
    Why would -I- feel any need to explain -your- claim?
    It's not even about why would you..... You couldn't Goobe, and that's the point.

    Never mind that your statement doesn't address the issue that I responded to.
    That the left was silent?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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