« Debunking ObamaCare | Main | Massive Manos Award 9/18/09 »

September 18, 2009

Debunking ObamaCare

Part 2: Ten Trillion Single Dimes

Obama makes the claim that HR3200 will not add a single dime to the deficit. In the same breath, he also said he has a bridge in Brooklyn for sale, and has several pieces of the True Cross available on E-Bay, so you'd better hurry!

Medicare, Medicaid, and the VA; all three are government-run health care systems. All three are rife with corruption and fraud. All three have been hemorrhaging money almost since their inception. All three are essentially bankrupt. But this time, they're gonna get it right!

Sorry. I was born on a Wednesday, but it wasn't LAST Wednesday. Right now, about half the money the government is spending is borrowed, and most of that is borrowed from countries like China, who don't particularly like us. And despite what the government would like you to believe, they didn't have any money to begin with.

Every penny the government receives comes from our pockets, whether it is money to pay for ridiculous multi-trillion dollar health care legislation or the pencils used by their staffers or the tuition costs for their precious sons and daughters to attend private schools (which they no longer allow our kids to attend.) The government does not and never has generated revenue. They can print it, but they can't actually make it.


The non-partisan Congressional Budget Office (CBO) has repeatedly called Obama on his lie; in the first ten years, HR3200 would cost over $200,000,000,000.00. That's billions, and that's a very, very low-ball estimate; chances are, based on how most spending bills tend to go, it will be twice that, or more. In twenty years, that price tag shoots up to over $1,000,000,000,000.00, as in trillion. And that's all just the deficit spending. HR3200 will encompass one sixth of our entire national economy.

So far, Obama has not been very clear on where this money is going to come from. He, and others in his party, have claimed it would come from a tax hike on cigarettes, taxing the rich, fees from businesses who do not currently offer insurance to their employees, soda tax, and "cutting wasteful spending in Medicare."

Taxing smokers to pay for this is utter foolishness. You could double the current taxes on smokes and it wouldn't be a drop in the bucket. Plus, if you increase the price of cigarettes, more people will have to quit smoking. That reduces the revenue. In order to maintain the fixed level or revenue required to fund any long-term project, they would have to raise the tax again. More people will quit smoking. And on and on. And just for irony, smokers will be given short shrift at the doctor's offices; if you drink, smoke, do drugs, or engage in any other behavior that the government deems unhealthy, you will be given a lower priority than people who lead cleaner, safer lifestyles.

Taxing the rich is everyone's favorite boogaboo. After all, they're rich. Surely they can afford it. Share that wealth, Monopoly Guy! But this too is unsustainable; it is the wealthier 10 percent of the country that are providing jobs for the rest of us. Pull too much from them, and they will be less inclined to expand their workforce or start up new companies. Quite a few may decide to reduce their workforce to maintain their own level of comfort. And I can't blame them; altruism is a wonderful thing, but you have to take care of your own needs, or you won't be able to take care of anyone else. So, as with taxing cigarettes, the revenue would lessen. To sustain the level needed, the government would be forced to redefine "wealthy." 250K isn't getting enough cash flow in, so the government must drop it down to everyone making 200K. The same problem arises again, and they drop the level down to 150K, and so on. And note: even if they taxed everyone making over 250K by ONE HUNDRED PERCENT, it still wouldn't be enough to cover half the cost of HR3200.

Also note, with jobs becoming fewer and fewer, more people will be forced onto the public dole, and no additional tax revenue to accommodate them.

Placing fees on businesses to pay for ObamaCare ends the same way. Businesses will not be able to afford the fees, so they will have to either cut their workforce or close up shop entirely. Cutting the workforce increases the unemployment rate, increase the burden on welfare, and we wind up in another one of those lovely downward spirals.

Soda tax and taxes on other less-healthy foods runs identical to the cigarette tax; make these things more expensive guarantees fewer people will be buying them.

And lastly, cutting Medicare. Given the massive pending influx of baby-boomers retiring, like, TOMORROW, Medicare is going to need every penny it can grab. Cutting Medicare means a lot of elderly are not going to be getting the care they need; there simply won't be enough money to go around. Hello, rationing!

And that's a lovely segue into Part 3!

Posted by TFMo at September 18, 2009 05:21 PM

Useful? Then Digg It.

Trackback Pings

TrackBack URL for this entry:
http://www.christmasghost.com/cgi-bin/mt/mt-t.cgi/285

Comments

Post a comment




Remember Me?

(you may use HTML tags for style)