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Home » News » Opinion » Free Press » 'Only' $894 billion? ...
Saturday, Oct. 31, 2009

'Only' $894 billion? Taxes!

Included in this article:      2 Comments    

Artfully dodging a "trillion-dollar-plus" price tag, Democrat House of Representatives Speaker Nancy Pelosi triumphantly posed on the Capitol steps in Washington this week, claiming the House Democrats' version of ObamaCare would cost "only" $894 billion over 10 years.

Actually, there was no detailed estimate of the real government medical plan's cost. The $894 billion figure was just a Congressional Budget Office guesstimate.

Do you think Rep. Pelosi -- or any other member of the House of Representatives -- has even read, much less understood, all of the ramifications of the 400,000 words of the 1,990-page, more than foot-thick bill?

But it will cost about $2 million per word if enacted.

Who would pay the nearly trillion dollars?

Well, that's tricky, too. There would be "fees" -- taxes -- on medical insurance companies, drug makers and medical material manufacturers. Some insurance policies would have to bear a tax up to 40 percent of the insurance cost. The better the policy you might have, the higher the taxes you would have to pay.

There also would be fees-- taxes -- on employers whose employees receive government subsidies to help them pay the premiums.

But what if you didn't choose to buy medical insurance? You'd be fined -- taxed --for not doing anything!

Shouldn't we all understand that, ultimately, all of the costs of ObamaCare would be passed on to all of "us"?

In contrast with the eager Democrats, Republican leader Rep. John Boehner of Ohio said: "It will raise the cost of Americans' health insurance premiums; it will kill jobs with tax hikes and new mandates, and it will cut seniors' Medicare benefits" -- through a government takeover of our people's medical care system.

But the full House of Representatives is expected to rush a vote for all of those "goodies" next week -- with many evils evident but much of the bill surely not fully understood.

Fortunately, there is no assurance -- yet -- that Democrat congressional leaders can round up enough votes to pass the Pelosi-ObamaCare monstrosity.

But watch out! If it does pass, it could affect all of us, dramatically, medically, economically, adversely, painfully and permanently.

2 Comments

This bill is a clear victory for corporate lobbying. America needs a healthcare system that is cost efficient,universal,and levels the playing field with competing nations. This isn't it. With this bill corporations win,Americans lose.

The money being thrown at Congress has to stop if we are to have any chance of righting our country.

Username: nucanuck | On: October 31, 2009 at 1:44 a.m.
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Oh, the stupid humanity of it all!

Another ring around the rosy circus at the White House of Horrors

& dum dee da dum...&

Username: canaryinthecoalmine | On: October 31, 2009 at 4 p.m.
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