Skip to comments.Secretary Sebelius Admits to Faulty Accounting in Obamacare
Posted on 03/05/2011 9:57:00 AM PST by mainstreetradical.com
Just prior to its passage, a number of Republicans pointed out the bat math being used in the touting of health care. This was around the same time that Speaker Pelosi made her now infamous comment, We need to pass [Obamacare] so you can see what is in it. At the time, town halls were a ruckus as Tea Party members probed the representatives to understand how a proposed $1.5 trillion bill could possibly be pitched as a way to lower the deficit. Thats right: one of the final pitches made to sell Obamacare was the use of very fuzzy math to show a deficit reduction. The creative accountants and Democrat leaders pulled two tricks. One was just deceptive; taxes will begin to be collected approximately three years before healthcare benefits kick in. Therefore, in the oft pitched ten year projections, they counted ten years worth of taxes to offset seven years worth of benefits. I wish I could use this little trick to balance my home finances. I just dont think my employer would advance over three years of pay before I started working. We, as the employers of Congress, however, are doing just that with the funding of health care. In a much bolder and considerably more more deceitful move, the Democrats counted $500 billion twice; once for Medicare and again as revenue for Obamacare. This double accounting was pointed out before the vote, prompting Pelosis comment, and drawing flat denials from Democratic senators, and some double talk and issue evasion from then Press Secretary Gibbs. In a recent hearing, Republicans grilled Health and Human Services Secretary Kathleen Sebelius. After more of the same spin we heard during the healthcare debate, Sebelius admitted that the $500 billion Medicare monies were double counted. Unfortunately, this information will not change the current bill. Our only hopes lay with the courts to strike down Obamacare or with Congress to defund the bill. Video
America was sold a bill of goods with Obamacare and now that we see, as Pelosi suggested, what is in it,it is evident how damaging it will be to our economy. Though the internet blogs were all over the health care math prior to passage of the bill, the mainstream media ignored the biggest fraudulent accounting scandal since Enron. Any one of us in private business would be locked up if we mislead investors to the degree that Congress, and the White House, have mislead and lied to the electorate.
Everything we hear from the Obama regime is lies. All lies.
Like I said yesterday..It is time to pass a LAW making the lying and fuzzy accounting of Government agencies and Admins a Crime. With REAL prison time just like any business person would get if they did the same thing. I wonder if they keep two sets of books along with the lies.
Last time I double counted $500 billion in my checkbook it caused a few checks to bounce.
Americans were not sold a bill of goods. The Democrats in Congress that voted for Obamacare were, and they all should be vetted prior to the next election and after the SCOTUS rules the mess unconstitutional.
“Everything we hear from the Obama regime is lies. All lies.”
You’re exactly right. Everything, and I mean everything, that comes out these thugs are nothing but lies and intentional mis-directions.
“Secretary Sebelius Admits to Faulty Accounting in Obamacare”
Secretary Sebelius Admits to Lying through Her Corrupt, Criminal Totalitatrian Mouth in Obamacare
A One Trillion Percent tax on their salaries will get the point across. We can call it the "Moore Tax". The Moore they spend the Moore they'll pay.
It’s not “faulty accounting”, it’s outright deceit and fraud!
She and the rest of the thugs should be in jail.
Other than the fact that they OWN the Justice Dept., how can KNOWINGLY putting forth phony numbers be anything other than FRAUD, and Actionable as Treason, Un-Constitutional behavior, and deception? Can NO ONE bring an Action against these Socialist bastards?????
And the CBO, charged with scoring all this crap, is a totally worthless bunch of kindergarten accountants that can’t see the fraud that they are scoring for the taxpayers!
Fire all of them!
The CBO sees the truth. They must follow the rules given to them. They do not make the inputs, they just do the math.
..................... They do not make the inputs, they just do the math.......................
And the inputs that are given to them contain the fraud, but they can still use the $500Billion inputs twice, without scratching their heads and say, “wait a minute, I already used that $500 Billion over here in this column”
Then they are worse than useless.
In the private sector Sebelius would have long ago been in jail.
“In the private sector Sebelius would have long ago been in jail.”
True - can you imagine what would happen to the CEO, board of directors, and accounting firm of a public company for an “error” orders of magnitude smaller?