26 Aug

The MSM Is Finally Seeing The Light On ObamaCare

The MSM is slowly coming to grips that ObamaCare is something that needs to be trashed:

NO ONE LIKES to be the bearer of bad news — especially when it could threaten your multibillion-dollar health-care reform bill. And so the Obama administration did not exactly rush to publish yesterday’s required mid-session update to its federal budget estimates of last February. Still, once the numbers finally emerged in the dog days of August, they retained the power to stun: Instead of a cumulative $7.1 trillion deficit over the next decade, the White House now projects a $9 trillion deficit. These figures imply average annual budget deficits greater than 4 percent of gross domestic product through fiscal 2019, a rate of debt accumulation faster than projected GDP growth. This is not a sustainable fiscal path.

The extra $1.9 trillion in red ink mainly reflects the Office of Management and Budget’s adoption of more realistic — that is, more pessimistic — estimates of economic growth and unemployment. White House officials protest that their original, rosier numbers made sense at the time; actually, plenty of forecasters, including those at the nonpartisan Congressional Budget Office, made more accurate calls. This situation was foreseeable and should have been acknowledged earlier.

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The new deficit numbers make it even more urgent that any health-care reform not only be fully paid for and certifiably budget-neutral in the eyes of independent analysts such as the CBO but also promise meaningful reductions in the cost growth of health care. So far, none of the plans under discussion measure up. The time is fast approaching for the president and Congress to face that reality, too.

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Still, the Bush administration’s irresponsibility notwithstanding, it is time to stop crying “we inherited it.” …

Of course they use economic reasons to tell Obama to shove it, not the proposed Socialism, but the economy is something people can wrap their head around. Under Bush and a Republican Congress the deficit got up to 428 billion. Democrats came in, Obama came in, and now its over 1 trillion+ and they want to talk about 9 trillion!

Of course this is before the Chappaquiddick killer died…maybe the WaPo would of changed course and pushed for ObamaCare….but I doubt it. This kind of debt is just not sustainable and would ruin this country.

More here.

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About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 20 years.
This entry was posted in Barack Obama, Baracks Broken Promises, Congress, Economy, Health Care, Media, MSM Bias, POWER GRAB!, Socialism, Socialized Health Care. Bookmark the permalink. Wednesday, August 26th, 2009 at 10:03 am
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8 Responses to The MSM Is Finally Seeing The Light On ObamaCare

  1. Pingback: The MSM Is Finally Seeing The Light On ObamaCare « The Right Cup of Tea

  2. bill-tb says: 1

    Libtards beginning to wake up, it’s their money too … BWaaaHaHaHaHaaa

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  3. Hawk says: 2

    Another shining example of government run health care:

    The babies born in hospital corridors: Bed shortage forces 4,000 mothers to give birth in lifts, offices and hospital toilets

    While I still think there needs to be something done with the current system, turning it over for the government to run IS NOT THE ANSWER. I can’t think of anything that they have run in good manner. Plus, turning it over to them only places more power in their hands.

    Shrink government. Do not grow it.

    Possibly more along the lines of (medical) tort reform, regulation and more transparency to allow for better competition.

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  4. Aleric says: 3

    “White House officials protest that their original, rosier numbers made sense at the time”

    The WH is protesting their original lie as if it wasn’t actually false the moment they uttered it.

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  5. Maggie says: 4

    I’m thinking Obama and the dems believe a “gazillion” is a real number http://tinyurl.com/lewrfu

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  6. Toothfairy says: 5

    We already know Obie can’t even count the states much less manage a budget.

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  7. Ray says: 6

    Unfortunately, they will likely be revising the debt projections even higher by the end of the year. It will probably end up more in the $11 trillion range. That’s what happens when you have a bunch of uneducated and inexperienced “czars” running things. They know nothing about economics, finance, trade, or capitalism. It’s really starting to show.

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  8. Pingback: Twitter Trackbacks for Flopping Aces » Blog Archive » The MSM Is Finally Seeing The Light On ObamaCare [floppingaces.net] on Topsy.com

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