Thursday, April 12, 2012

Report: Obamacare will create deficits not save money as promised

"But we have to pass the [health care ] bill so that you can find out what is in it." —Nancy Pelosi, Democrat and former Speaker of the House
If governments and laws were people, “The Patient protection and Affordable Care Act” (ACA) signed into law by president Barry Hussein Soetoro would be a bastard son born to a single Party in a two Party government. If governments were religion (ACA) or Obamacare would be sin because it was brought forth in partisan iniquity, and in political sin did it’s mother (Nancy Pelosi) conceive it.

Who could forget the infamous words of former Speaker of the House Nancy Pelosi as she and her Democrat controlled Congress gave birth to the bill known as Obamacare. The bill, which no one was able to see until it, was voted into law and signed by the most partisan president in the history of the nation. Neither the Democrat controlled Congress nor the President took the time to read the bill in order to ensure that what was in it is for the best interest of the American people. (see :05sec video)

So now that we are able to peer down into Obama’s and Pelosi’s Pandora’s Box, the Healthcare law, we can see that truly the devil is in the details of this unsustainable and negatively fiscal impacting law.

Government Economist Charles Blahous, who serves as public trustee overseeing Medicare and Social Security finances for the Soetoro administration, suggested that federal accounting practices under this administration have obscured the true fiscal impact of Obamacare. Mr. Blahous newly released fifty-two paged report, The Fiscal Consequences of the Affordable Care Act (see below) is being untruthfully and unmercifully attacked by the Soetoro administration because it attempts to give a truthful picture of the fiscal impact that Obamacare will have on the American economy. (see story)

The Patient Protection and Affordable Care Act (ACA) signed into law by President Obama in 2010 will significantly worsen the federal government’s fiscal position relative to previous law. Supporters argued that this comprehensive health care reform would deliver a much-needed correction to the government’s unsustainable fiscal outlook and would benefit the country’s overall fiscal situation. However, between now and 2021, the ACA is expected to add as much as $530 billion to federal deficits while increasing spending by more than $1.15 trillion.— Charles Blahous


The Fiscal Consequences of the Affordable Care Act 1

With nothing more than what can be described as unbelievable temerity the Soetoro administration is defending an over 2,000-page law that no one in the administration probably still haven’t read against a economic report that that they probably haven’t put in a honest effort to investigate.

Following is Mr. Blahous’ basic explanation showing why obamacare will add at least $340 billion to the deficit, not reduce it has the president promised. (see report) (see 2:53min video)

Inevitably, the American people will have to decide whom they are going to believe, a government that forced an unconstitutional law on it by any means necessary. As Nancy Pelosi said, “We’ll go through the gate. If the gate’s closed, we’ll go over the fence. If the fence is too high, we’ll pole vault in. If that doesn’t work, we’ll parachute in but we're going to get health care reform passed.”

Does that sound like a government one can trust? This law is not only unconstitutional, it is the second greatest lie propagated against the America people. The first is the presidency of a foreign student who’s education was partly funded by William Ayers’ mother and father, Mary and Thomas Ayers.