Monday, March 15, 2010

Passing ObamaCare is Worse


By Robert Romano

As Congress and the American people enter the final stage of the debate over ObamaCare, Congressional Democrats are attempting to delude themselves into believing that, as the Washington Post reports, “passing the legislation is key to limiting damage to the party during this year's perilous midterm elections.”

This is based in part on the premise that after it is enacted the American people will come to support the government takeover of the nation’s health care system.

Of course, that acknowledges the grim reality for Democrats that the American people do not support the takeover. According to Rasmussen Reports latest survey on the matter, 53 percent remain opposed to the Obama plan that will ration care away from seniors, increase the cost of premiums, and cost a full $2.5 trillion over ten years once fully implemented.

55 percent want Congress to kill the bill and start over again on a bipartisan measure.

In fact, in Rasmussen’s surveys of likely voters, the American people have consistently opposed the plan for nearly a year. This has come after two years wherein they saw government’s heavy hand in taking over everything from the auto industry, the banking system, and the mortgage industry.

Obama’s first year in office alone saw the expansion of the federal government’s responsibility to being the caretaker of economic “recovery” and balancing broken state budgets.

Fiscally, Congress has been a catastrophe, spending $3.7 trillion and running a projected record $1.56 trillion deficit for 2010.

This, as they watch it get even worse with a proposed $3.8 trillion 2011 budget, and as the debt ceiling has already been raised by the highest ever $1.9 trillion to $14.294 trillion. Under Obama’s ten-year budget plan, by 2020, Congress will add another $10.6 trillion to the ever-growing national debt.

In the meantime, Americans have watched their future purchasing power eroded by yet more easy money, artificially low interest rates, and the firing up of the printing presses by the Federal Reserve.

They understand that the fiscally unsustainable path the nation is currently on will become irreversible if the $2.5 trillion ObamaCare is enacted.

Get full story here.

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