Either Obama is right and he can truly cut $500 billion of waste, fraud and abuse out the Medicare budget or Medicare dependent senior must die when $500 billion is cut from muscle and bone because there really wasn’t that much fat.
No one has identified exactly where this $500 billion of waste fraud and abuse are. Rather President Barack Hussein Obama has given an example or two where money might be wasted and estimated or projected the rest of the savings. What we need to know then is just how good Obama is at projecting things. Do we have an example of where he has made financially based projections? In fact we do. The Obama administration enacted an economic stimulus package. Obama said that the stimulus package would keep unemployment below 8%. Unemployment actually went up to 10%
Fact Check on Stimulus Spending
Is there any more evidence on the government’s ability to estimate costs. Yes. Cash for Clunkers. There original estimate was that the program could be completed for $1 billion. After that estimate was quickly shown to be wrong, they three an additional $3 billion at the problem.
Obama has promised to run up trillion dollar deficits as long as he is president. Doesn’t that mean we are already out of money? Is he going to print the trillions of additional dollars and run up inflation or borrow them from China.
Well maybe our current government isn’t good at managing money, estimates or projections. Surely government did a bang up job of these tasks in the past:
In 1966 Medicare cost $3billion. The House Ways and Means committee projected that that the cost in 1990 would be $9 billion. The actual cost was $67 billion.
Different researchers have examined different aspect of Medicare costs but all of them peg the growth in to be at least 7 times higher than projected. Remember that the next time someone in government tells you how much Universal health care will cost in 10 years.
The government has over $50 trillion in unfunded liabilities before Universal Health Care comes in. Since we don’t know where all that money is coming from, where will money for health care on top of this come from?
To be entirely fair to government, health care is not the only place they have mismanaged costs, consider the list below. It was the US federal government lack of oversight and mismanagement of the first item in the list that bankrupted almost all the world economies.
1. Fannie Mae and Freddie Mac
2. Amtrak
3. Senate Restaurant
4. Medicare and Medicaid cost containment and control
5. Paying for social security over the next 50 years
6. Presenting a balanced budget every year
7. Reducing the Deficit to zero
8. Reducing the National Debt to zero.
9. The post office
There are no economic reasons to give the government more control over health care given that it has financially botched everything it has touched. Government healthcare is a political move not an economic one.
If Obama is trying to trash the dollar, destroy capitalism, and reduce the United States to a third world nation, he needs to do health care reform. Those who don’t want those things to happen must oppose Commie Care and Marxist Medicine
How to Plan an Exotic Vacation
Revenge of the Communists: Marxists strike back! This time, it’s hardball
I am sorry but I don’t want to have a reasonable debate with Marxists. The result would still be communism. You can’t add a little bit of dog crap to the ice cream. You simply don’t want any.
