Friday, October 09, 2009

ObamaCare Donkey Math

Leave it to congress to use the donkiest of math when trying to justify a new massive entitlement at a time of massive federal deficits. The latest bill comes in at an $825 billion dollar price tag, and reduces the deficit by $80 billion over the first 10 years. Donkey math at its finest. We are going to spend $825 billion in order to save $80 billion. I knew the government was inefficient, but come on. The $825 billion will be a combination of about $500 billion in cuts to Medicare payments, and $325 billion in tax increases. So what if we went ahead and cut the Medicare and raised the taxes, but did not do ObamaCare? Then we could use the $825 billion to pay down the debt, and would forgo the $80 billion in savings. So the actual ObamaCare bill is a negative $745 billion to the federal deficit over the next 10 years, not the donkey math result of positive $80 billion. If the politicians were honest with us, they would admit that this is just a new healthcare entitlement for the poor, that we are rolling out at a time when we can least afford it.

Pay As You Go

Pay as you go simply does not work when you are running a massive budget deficit. Pay Down The F-ing Deficit should be the policy. If they keep raising taxes and cutting programs to "Pay As They Go" for new spending and entitlements, they are completely ignoring the debt problem. There are only so many programs that can be cut, and taxes that can be raised. If you dedicate all of your new taxes and program cuts to new programs and spending, we will never make a dent in historically massive deficit we are running. Pay As You Go needs to be redefined as operating under a yearly balanced budget, and not in the perverted way it is now, or America is toast.

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At 1:11 PM, Blogger jjok said...

the 80 million saved on 825 spent is part of the Baucus bill which can't get out of committee. i.e. it's not the healthcare bill that would get passed. Not sure why no one is talking about that.

At 10:40 AM, Blogger Sean D said...

Are we doomed Already?


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