Obama that is…
Now that Obamacare is projected to cost twice as much as he stated:
Now, add it all up, and the plan I’m proposing will cost around $900 billion over 10 years — less than we have spent on the Iraq and Afghanistan wars, and less than the tax cuts for the wealthiest few Americans that Congress passed at the beginning of the previous administration. (Applause.) Now, most of these costs will be paid for with money already being spent — but spent badly — in the existing health care system. The plan will not add to our deficit. The middle class will realize greater security, not higher taxes. And if we are able to slow the growth of health care costs by just one-tenth of 1 percent each year — one-tenth of 1 percent — it will actually reduce the deficit by $4 trillion over the long term.
From the CBO yesterday:
The Congressional Budget Office has extended its cost estimates for President Obama’s health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive — twice as much as the original $900 billion price tag.
In a largely overlooked segment of the CBO’s update to the budget outlook released Tuesday, the independent arm of Congress found that the bill will cost $1.76 trillion between now and 2022.
That only counts the cost of coverage, not implementation costs and other changes.
“The bill spends more than the president promised, it covers fewer people — probably 2 million fewer people — and it taxes more than was expected,” said Sen. Jeff Sessions, R-Ala., ranking member on the Senate Budget Committee.
For those paying attention, this also illustrates Obama’s belief in socialism. This line from the aforementioned 2009 speech says it all:
Now, most of these costs will be paid for with money already being spent — but spent badly — in the existing health care system.
Obama is clearly stating that the government can allocate resources far better than you and I acting in the free market on our own. He is advocating socialism. Period. No other interpretation is possible.
Socialists believe that economies and production can and must be centrally planned to make sure that they are “efficient” and “equitable”. The problem is that these “planners” have no better ability to forecast economic activity than we know what the weather is going to be a month from now at 3:45 pm in the afternoon.
Think of it this way – assume that it is Saturday and you get up in the morning and in stead of looking out the window or turning on the TV, you consult a printed copy of the Farmer’s Almanac for the weather. It says that it will be sunny and 75 today, except for one thing – that forecast was published a year ago based on a compilation of the best historical weather data available for this date. Based on that information, you get dressed in shorts, a tee shirt and flip flops to head out for a day at the beach.
You open the door to go out and it is not only raining, it is 42 degrees.
Even using that massive amount of weather data and predictive models, the planners still missed it.
What do you do? Do you stick to the plan based on the Farmer’s Almanac and go to the beach anyway?
No, you don’t – a rational human being will alter their clothing and plans to accommodate the changes in the weather.
That’s what capitalism does – it allows the individual to decide and alter their own choices to accommodate and adjust to situations that they decide to tolerate. Socialism/Marxism would compel you to go to the beach anyway because that was the plan…and the plan reigns supreme over the individual.
The activity of individuals acting in their own best interest according to their own needs is the only model that can react quickly enough to market changes to self regulate.
Obamacare is a perfect example of central planned socialism and why the “planners” will never get it right – they only missed the cost on this one by 196% – but then this never really was about cost was it? It was always about central control.
So where do failed socialists turn for a bailout of their failures?
But one Democratic lawmaker says competition will lower costs.
“There are no public options. There’s no big new government health plan being offered. It’s all private sector options, and we hope they compete against each other to get prices down,” said Rep. Jim Cooper, D-Tenn.
Why free market competition and capitalism, of course.
I’m sure that calling Obama a liar and a socialist is racist but there it is. He is a liar and a socialist.