Saturday, March 20, 2010

Neal Boortz on Obamacare

The vote on ObamaCare is scheduled for Sunday. If the people of this country allow this monstrosity to become law, it will be a testament to government education; only people educated by government could come to believe that the government could possibly do a better job of delivering health care to the people than a dynamic private sector.

I firmly believe that if we permit this move toward a complete government takeover of our health care system, future generations of Americans will curse us for our ignorance and inattentiveness.

The Congressional Budget Office came out with its scoring of ObamaCare on Thursday. We’re told that it will only cost $940 billion over the first 10 years. Since you are intelligent enough to be reading this column I’m confident you already know of this chicanery, but I’ll guess that most other Americans don’t know that this figure is essentially a fraud.

Let’s assume that the $940 billion price tag is correct. Fine. But did you know that this only pays for six years of benefits? That’s right. The Democrats were determined to keep the cost under $1 trillion for the first 10 years, so they decided to start collecting the money four years before they would start actually offering benefits. So the actual cost of benefits for every year those benefits are offered comes to about $157 billion a year. Multiply that by 10 to get your true 10-year cost: a cool $1.57 trillion dollars. But wait! (As they say.) There’s more!

Read more here.

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