Monday, August 31, 2009

Obama and Healthcare- Can We Afford Him?

Don't let your guard down with the Obama administration. They will get you when you're not looking.

Roll the tape back to the last election and promises. Remember when Obama stated he was going to let the George Bush tax cuts expire. Here's an articlethat talked about his promise and actions that he was about to take.

The obvious conclusion would be that we were paying less under George Bush than we would be under Obama. Look at this chart about the Federal Budget from 2004-2009. The first line item is individual income taxes. There isn't one year where actual or expected receipts were anticipated to go down. Some tax break, Obama.

If you are a proponent of the single payer system look at the line item, Medicare. From 2004 to 2009 expenditures are anticipated to rise by an astounding 60%. You will hear how Medicare's adminstrative rate is around 3% when private plans average close to 30%. However, when you look at the increase in expenditures in the Medicare program, how can the government convince its citizens that their healthcare proposal will save money?

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