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Obama: US would go bankrupt without health changes
AP (via MyWay) ^ | April 2, 2010

Posted on 04/02/2010 4:52:25 AM PDT by Mr. Mojo

WASHINGTON (AP) - President Barack Obama says he did a full court press for a health care system remake because "this country was going to go bankrupt."

(Excerpt) Read more at apnews.myway.com ...


TOPICS: Government; News/Current Events
KEYWORDS: fail; fubo; lyingoccupier; marxist; marxistlies; nobc4u; nobcincharge; nobcrules; nobcspeaks
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1 posted on 04/02/2010 4:52:25 AM PDT by Mr. Mojo
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To: Mr. Mojo

A year ago it was “If we don’t pass this stimulus package, unemployment may reach as high as 8%”.

It’s exceptionally difficult to make the case that the US is not going bankrupt; “health care reform” just speeds the process along.


2 posted on 04/02/2010 4:54:22 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Mr. Mojo

I’m glad he fixed that problem. LOL.


3 posted on 04/02/2010 4:54:28 AM PDT by BobL
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To: Mr. Mojo
President Barack Obama says he did a full court press for a health care system remake because "this country was going to go bankrupt."

Baloney. It's ALL about control. Nothing more. Funny, but this debacle doesn't go into affect for another 4 years, so were we going to "go bankrupt" before or after those 4 years were up?

4 posted on 04/02/2010 4:55:02 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: DuncanWaring

The result of Afronomics taking the economy for a ride.


5 posted on 04/02/2010 4:55:31 AM PDT by screaminsunshine (i)
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To: Mr. Mojo

LIAR!!


6 posted on 04/02/2010 4:55:34 AM PDT by johniegrad
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To: Mr. Mojo

Then why doesn’t he or any Congressman/woman/staffer/federale man up and put his own money on the line by being part of the ‘Health Care’ law?

Put YOUR money AND YOUR LIFE where your mouth is.

(not to mention the lives of your families)


7 posted on 04/02/2010 4:56:16 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: Mr. Mojo

This country is going bankrupt and Health Control will make sure it happens sooner rather than later.


8 posted on 04/02/2010 4:57:16 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: johniegrad

“LIAR!!”

He’s also a filthy piece of trash muzzie socialist!


9 posted on 04/02/2010 4:57:36 AM PDT by rj45mis
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To: Mr. Mojo
Paraphrased statements from Obama:

1) "We're broke."
2) "We need to spend a trillion more dollars on health care."
3) "If we don't spend a trillion more dollars, we'll end up broke."

10 posted on 04/02/2010 4:58:07 AM PDT by ClearCase_guy (I do not want the Union to be maintained. I want the US to break up. I support secession.)
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To: Mr. Mojo
welcome
11 posted on 04/02/2010 4:58:15 AM PDT by Nateman (If liberals aren't screaming you're doing it wrong.)
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To: Mr. Mojo

ObamaCARE has nothing to do with healthcare improvement
or removing the degradation of medicine by lawyers.


12 posted on 04/02/2010 4:58:35 AM PDT by Diogenesis ("Resistance to tyrants is obedience to God." --Thomas Jefferson)
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To: BobL

Our President is a real laugh-riot.


13 posted on 04/02/2010 4:58:42 AM PDT by liberlog
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To: Mr. Mojo

2+2=5...


14 posted on 04/02/2010 4:58:53 AM PDT by LRS (Just contracts; just laws; just a constitution...)
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To: Mr. Mojo
Is that his latest lie?
Now 0bamcare is going to save this country from going bankrupt?
Hey 0bama, I got news for ya, this country is already technically bankrupt, thanks in part to the over $2 billion you added to the national debt since taking over. We merely haven't declared bankruptcy yet due to some pretty nifty creative bookkeeping.
15 posted on 04/02/2010 4:59:09 AM PDT by SmokingJoe
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To: Mr. Mojo
He's going to make everyone a millionaire! But it will cost that much just for a loaf of bread...

16 posted on 04/02/2010 4:59:48 AM PDT by TSgt (When the government fears the people, there is liberty. - Thomas Jefferson)
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To: Mr. Mojo; All

Actually, I believe this could be true, but that we may go bankrupt anyway. I’ve heard we were weeks from becoming insolvent, hence the 4 years of taxing, with no benefit.

I heard that the funds that are being collected (starting soon), and the cuts in Medicare/caid, were going to try and float the scheme a little longer as there would be a panic and shorting of Treasuries after the announcement that Social Security is upside down, nearly a decade early. Could this actually have been a half truth...(I never believe we are told the full truth), in saying we would have gone bankrupt?


17 posted on 04/02/2010 5:00:16 AM PDT by JDW11235 (I think I got it now!)
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To: Mr. Mojo

A hint of truth. They need the revenue to fund the debt. The “health” and “care” parts are a sham.


18 posted on 04/02/2010 5:01:28 AM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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To: ClearCase_guy
1) “We're broke.”
2) “We need to spend a trillion more dollars on health care.”
3) “If we don't spend a trillion more dollars, we'll end up broke.”

Pretty much. It's either he is insane, or we are all living in the Twilight Zone.

19 posted on 04/02/2010 5:01:36 AM PDT by SmokingJoe
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To: Mr. Mojo
Hey Obama, we're already bankrupt.
20 posted on 04/02/2010 5:01:48 AM PDT by tobyhill
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To: SmokingJoe

I concur, but you meant Trillion, not Billion, right?


21 posted on 04/02/2010 5:02:55 AM PDT by JDW11235 (I think I got it now!)
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To: Mr. Mojo

Obamanation of Desolation wouldn’t recognize bankrupt if it rain him over like a locomotive. The imposter is a political organizer. That’s all he knows. He and his liberal buddies obviously know or care little about economics. All they know is political power and this is more intelligence-insulting, mind-numbing gibberish that he hopes will put America back to sleep. Let’s hope America doesn’t.


22 posted on 04/02/2010 5:03:00 AM PDT by Jim 0216
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To: Mr. Mojo

I’m so sick of this president, I could scream. Evidently, I’m not alone.

Hannity had an Obama supporter (I think his name was Michael Meyers of the NYC Civil Rights something or other) who is an African-American gentleman (older) who sounded fairly fed up as well.

Hannity kept interrupting this fellow while he was making Hannity’s point, so I can’t give you more detail. Other than the guy was ticked off about Obama’s massive ego.

I seriously wish Hannity would allow the guests on his panel to talk without interruption. I KNOW what Hannity thinks. He is on the radio 3 hours a day!

sheesh


23 posted on 04/02/2010 5:05:13 AM PDT by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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To: Mr. Mojo

Obozo should get him a lemonade stand and show he can run it profitably. He could fit what he knows about economics in a very small thimble.

Isn’t the simple question, who the hell is going to pay for all the handouts. Socialists always run head-on into this problem.

He hopes he can get enough Obama zombies to vote for him and destroy freedom in the process ... Sorry bozo, won’t work.


24 posted on 04/02/2010 5:07:18 AM PDT by Tarpon ( ...Rude crude socialist Obama depends on ignorance to force his will on people)
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To: Mr. Mojo

As usual Obama gets things exactly backwards.


25 posted on 04/02/2010 5:08:32 AM PDT by OldArmy52 (Christmas 2009: Democrats give us Obama Cr*pCare, the t*rd that keeps on stinking.)
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To: Mr. Mojo
US would go bankrupt without health changes

In 1964, my father was repeatedly told that if he voted for Barry Goldwater instead of Lyndon Johnson for President the war in Vietnam would escalate. He went ahead and voted for Barry Goldwater, and you know what? The war in Vietnam escalated massively.

Obama will bankrupt the US with or without the Healthcare Bill.

26 posted on 04/02/2010 5:09:14 AM PDT by CholeraJoe ("We are as numerous as the stars in the heavens, and we are all gun-men.")
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To: JDW11235
but you meant Trillion, not Billion, right?

I did.
Hey a Billion is like chump change to the 0bama regime these days. Hey, it's only a figure, right?

27 posted on 04/02/2010 5:10:51 AM PDT by SmokingJoe
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To: Mr. Mojo

‘President Barack Obama says he did a full court press for a health care system remake because “this country was going to go bankrupt so i went ahead and did it for you.”


28 posted on 04/02/2010 5:11:23 AM PDT by wiggen (Government owned slave.)
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To: Mr. Mojo

“There is a leaking hole in the bottom of the boat, so I am going to chop it out with this axe.”


29 posted on 04/02/2010 5:11:31 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Mr. Mojo

Its true. And the Jews would have started ww2 if Adolph didn’t stop them. oh wait!


30 posted on 04/02/2010 5:12:10 AM PDT by omega4179 (www.JDforsenate.com .............................. myfastpc.com is malware)
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To: SmokingJoe

Sadly, I can only understand the concept of a Billion dollars, or a Trillion, on paper. To actually spend that amount of money is mind-boggling.

I could have spent more than a dollar a second since before birth, and never have spent a billion dollars!


31 posted on 04/02/2010 5:13:40 AM PDT by JDW11235 (I think I got it now!)
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To: Mr. Mojo

Given the insane level of profligacy in spending by Congress and the President Soetoro is surely correct in saying the country would go bankrupt without his Health Reform. And the country will even more surely go bankrupt WITH his HC reform. The only way out of bankruptcy at this point is to start a real war against a major enemy while we still have a useful military.


32 posted on 04/02/2010 5:14:05 AM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: Mr. Mojo

I’m still waiting for obama to explain how we can offer the same level of health care to more people without rationing (and without tort reform!). Now this will all keep us from bankruptcy. Does he think we’ll believe it just because he says it?


33 posted on 04/02/2010 5:14:54 AM PDT by ElayneJ
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To: Mr. Mojo

Probably. But we’re likely to go broke with them as well.


34 posted on 04/02/2010 5:15:41 AM PDT by Non-Sequitur
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To: Mr. Mojo
The government has to spend its way out of debt. The reason it hasn't worked so far is because we haven't spent and taxed enough!!

(Hopefully sarcasm tags aren't required.)

35 posted on 04/02/2010 5:16:01 AM PDT by mbynack (Retired USAF SMSgt)
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To: Daisyjane69

>> I’m so sick of this president, I could scream.

I’m so sick of him, I DO scream. Regularly.

>> annity kept interrupting this fellow while he was making Hannity’s point... I seriously wish Hannity would allow the guests on his panel to talk without interruption.

Heh heh... If this annoys you about Hannity (which it should), I bet BORe drives you plum nuts.


36 posted on 04/02/2010 5:18:30 AM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: Mr. Mojo
Well after all, the Kenyan Usurper IS a professor of law economics. He MUST know what he's talking about.
37 posted on 04/02/2010 5:18:33 AM PDT by mkjessup (Jimmy Carter is the Skidmark in the panties of American history, 0bama is the yellow stain in front.)
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To: mbynack

>> The government has to spend its way out of debt. The reason it hasn’t worked so far is because we haven’t spent and taxed enough!!

Well, I’m sure you’ve heard that old saw, “You have to spend money to make money.”

In the Fed’s case, since pretty soon no one will LEND them any money, in order to SPEND money they’re going to have to “MAKE” money!

Fire up that printing press! We’re all gonna be BILLIONAIRES!


38 posted on 04/02/2010 5:20:14 AM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: Nateman

“Welcome to New Kenya! (Africa USA) Where the law of the jungle has replace the Law of the Land!


39 posted on 04/02/2010 5:20:30 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: Mr. Mojo

Bankruptcy = Fiscal Soundness. Welcome to 1984.


40 posted on 04/02/2010 5:30:51 AM PDT by Opinionated Blowhard
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To: Mr. Mojo
Obama: US would go bankrupt without health changes

41 posted on 04/02/2010 5:31:26 AM PDT by oh8eleven (RVN '67-'68)
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To: Mr. Mojo

The US is going bankrupt ANYWAY. I trust Moody’s warning more than Obie’s hyperbole.


42 posted on 04/02/2010 5:39:01 AM PDT by cake_crumb (President Reagan on ObieCare: http://www.youtube.com/watch?v=fRdLpem-AAs&feature=player_embedded#)
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To: Puppage

Health care costs will bankrupt the country, but Obamacare does nothing to reduce costs. In fact, adding another massive entitlement program, Obamacare, will make things much worse.


43 posted on 04/02/2010 5:39:34 AM PDT by kabar
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To: SmokingJoe

Only $2 billion?


44 posted on 04/02/2010 5:40:47 AM PDT by cake_crumb (President Reagan on ObieCare: http://www.youtube.com/watch?v=fRdLpem-AAs&feature=player_embedded#)
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To: cake_crumb
$2 Trillion. Apologies.
See post # 27.
45 posted on 04/02/2010 5:44:08 AM PDT by SmokingJoe
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To: kabar
Health care costs will bankrupt the country

Only if it's socialized.....which is what just happened.

46 posted on 04/02/2010 5:50:13 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: SmokingJoe

We were going to go bankrupt without the stimulus, dealerships would go bankrupt without the bailout, and around we go...


47 posted on 04/02/2010 5:50:51 AM PDT by Blue Turtle
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To: Mr. Mojo

Wow! What a liar he is!


48 posted on 04/02/2010 5:51:18 AM PDT by RoadTest (Religion is a substitute for the relationship God wants with you.)
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To: Mr. Mojo

Mr Obama might reconsider that if the government were not attached to healthcare, it would not be liable for its debts. By interjecting more government involvement in healthcare, now government is responsible for such inefficiencies and the buck stops with Obama. This implies if the economy tanks, it’s Obama’s fault and he is to be held accountable.


49 posted on 04/02/2010 5:55:27 AM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: Puppage
Only if it's socialized.....which is what just happened.

The government already spends 60% of the health care dollars in this country through Medicare (45 million recipients) and Medicaid (60 million recipients). Medicare represents a $38 trillion unfunded liability.

The Medicare HI trust fund, (Medicare Part A) has already started in 2008 cashing in its IOUs. By law, the USG pays 75% of all Medicare Parts B and D costs from the General Fund. Revenue only covers 25% of the costs. And by 2014, four years from now, 45% of all Medicare costs will come from the general fund.

A SUMMARY OF THE 2009 ANNUAL REPORTS Social Security and Medicare Boards of Trustees

"Medicare's financial status is much worse. As was true in 2008, Medicare's Hospital Insurance (HI) Trust Fund is expected to pay out more in hospital benefits and other expenditures this year than it receives in taxes and other dedicated revenues. The difference will be made up by redeeming trust fund assets. Growing annual deficits are projected to exhaust HI reserves in 2017, after which the percentage of scheduled benefits payable from tax income would decline from 81 percent in 2017 to about 50 percent in 2035 and 30 percent in 2080. In addition, the Medicare Supplementary Medical Insurance (SMI) Trust Fund that pays for physician services and the prescription drug benefit will continue to require general revenue financing and charges on beneficiaries that grow substantially faster than the economy and beneficiary incomes over time."

50 posted on 04/02/2010 6:02:24 AM PDT by kabar
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