Healthcare Layaway
On Thursday, the CBO is going to release its latest scoring of Obamacare and once again, due to the engineered constraints placed on it by the democratic leadership, the report will be touted by Pres. Obama as being proof that the proposed healthcare legislation is a “deficit reducer”. Well, when you hear all this rhetoric from the left, be sure you remember one thing – the CBO is not scoring a health insurance reform bill. Nope, that’s not what this current legislation is. Instead, they are scoring a Federal Healthcare Layaway Program.
Some of us are old enough to remember Layaway programs. They used to be all the rage before this country became addicted first to department store revolving charges and later to credit cards. When you bought something on Layaway, you made a small deposit and the store kept the merchandise while you made a number of payments. Once the item was paid for in full, you took it home. I remember trying on winter coat after winter coat in the middle of the hot summer so my parents could retrieve it from layaway before the snow started to fall.
Well, what the Senate healthcare legislation proposes is Healthcare Layaway. We get to pay for this massive, multi-trillion dollar entitlement over a period of about four years; then we get to take it home. As a bonus, we then get to continue to pay, and pay, and pay. That’s the sliding-scale math the CBO had to use to in their analysis; ten years of payments for 5 years of expenses. And that my friends is how Pres. Obama says we will reduce the deficit by $190B over ten years.
Listen to what he is selling here. Ten years of payments, the first four of which we will not receive the benefits we are paying for, and the deficit will be reduced by some fantasy number. That begs the question: Is the President telling us that those first fiveyears of payments are not being set aside for healthcare benefits and instead will be used to reduce the deficit? What happens after that? Well, the Republicans asked the CBO to score “the rest of the story” (wink and a nod to the late Paul Harvey).
When you score the legislation over fourteen years (first five years of taxes with no benefits, + 10 years of taxes with benefits) instead of reducing the deficit, we add close to $3 trillion dollars to it. In other words, this is a known deficit buster. We know going in that the system they are proposing can not and will not be sustainable. This is maddness.
Hmmm… so what we really have here is a Federal Healthcare Layaway Program where the payments go on and on, AND we continue to pile on more debt. Don’t people in the private sector go to jail for these kind of ponzi schemes?
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If you scroll down to the bottom of this page, you will see a link for Elegant Themes. They have a variety of Wordpress Templates you can purchase and utilize for your blog. They will also provide you with the necessary technical support to utilize their product.
Best of luck and happy blogging.
Bill
I wouldn’t say I completely agree regarding certain thoughts, but you definitely have a unique perspective. Anyway, I enjoy the quality you bring to the blogosphere and that this isn’t just another abandoned, made-for-adsense blog! Take care…
Thanks for taking the time to drop me a note. I’m glad you appreciate the site. I certianly don’t expect everyone to agree with my point of view.
Bill
Do you plan to keep this site updated? I sure hope so… its great!
Yes I do. I’m glad you enjoy the site and take the time to read and reply. Stop by again.
I stumbled onto your blog and read a few post. I like your style of writing.
Hey, quality write-up. Well, the healthcare bill is now law. There are still a lot of questions about it, but one thing that’s sure is that it won’t be cheap. As a small business owner, I’m worried about the increase in taxes. We all want to hire more employees, but this law makes that extra difficult for us small guys. Here’s the problem: If it’s harder for us to hire new employees, how unemployment go back down? Anyhow… cool site – I’m subscribed to your feed now so thanks again!