Sunday, August 25, 2013

To Those Who Ignore the Past

When Medicare was started in 1965, the projected cost of the program for 1990 was $12 billion. The actual cost was $98 billion (they were off by 817%)....I'm telling you here, people, listening to Mr. Obama say that this Obamacare is "only" going to cost us a trillion dollars....Be afraid, be very afraid.

11 comments:

D. Luthor said...

Will... less reliable, or more so than his shovel ready jobs and deficit improvement promise?

Will "take no prisoners" Hart said...

Actually, the deficit has been shrinking but that probably has more to do with the Republicans putting the brakes on than it does with him doing anything responsible.

Ema Nymton said...

.

"When Medicare was started in 1965, ...

And it is working, meeting the needs of the people and USA remains a function society that has _NOT_ gone broke. (Oh snap. All those Conservatives who claimed otherwise were wrong.)

Social Security has not bankrupt USA. ACA has not bankrupt USA. Fighting selective wars of aggression has not bankrupt USA. Oh snap. All those Conservatives who claimed otherwise were/are wrong, again.

"Be afraid, be very afraid."

Really? Be afraid, be very afraid? Given the "CONSERVATIVES" track record of being wrong, being very wrong (as to never being right), maybe the only thing to be afraid of is the hysterical screaming/wailing of the 'fraidy-cats'.

Honestly, ... Be afraid, be very afraid. Nyuk, nyuk, nyuk ...

Ema Nymton
~ @ : o ?
.

D. Luthor said...

Last I checked, Will, Obama's deficits were not only much higher than the average deficit under Bush, they were each (including the lowest) higher than the highest Bush had.

And what of the current year deficit? I find a projection of $642 billion from the New York Times. This is still way higher than Bush's highest deficit: From "The Hill": inn 2008, George W. Bush ran a deficit of $485 billion.

So what will happen? At this current trend, will Obama ever have a deficit as low as Bush's highest?

BB-Idaho said...

Everything
associated with healthcare has
risen too fast.

Will "take no prisoners" Hart said...

Track record of being wrong, Ema? Sorry, but can't blame the Republicans for the fact that a) the Democrats were off by 817% in their initial projections, b) people are taking $355,000 out and only putting $114,00 in, or c) Medicare and Medicaid are the 2 largest drivers of all future debt. No, the Republicans aren't much to write home about but your head is perilously in the sand on this.

Will "take no prisoners" Hart said...

dmarks, I truly think that if Mr. Obama had been a little more receptive to Simpson-Bowles and had appointed a serious person like Bowles or Mark Zandi as his Treasury Secretary, the economy would have rebounded much faster.......FYI, wd is still trying to trot out that idiotic notion that deficit spending helps to bring down the deficit - this, despite the fact that there is ZERO historical evidence to support it. Hoover increased spending by 49% in 3 years, FDR spent at an even greater rate, the Japanese had 8-10 massive stimulus packages in the '90s and NONE of these strategies helped to bring down the deficit. The man is insane and ignorant.

Will "take no prisoners" Hart said...

BB, my proposal (health savings accounts, subsidies to the poor, and a catastrophic care provision) largely does away with insurance companies. This, I believe, would actually help to bring the cost of health-care down (as it has for lasik eye surgery and cosmetic procedures).

Rational Nation USA said...

Has anyone looked the total of the USA's unfounded liabilities? I thought not.

Actually Will, just because I've become the consummate cynic I would rather have Medicare for everybody than ObamaCare.

Join em Will, the progressives have won it worldwide, collectivism and socialism has defeated individualism and capitalism.

Since either way we go we're screwed why not reduce the stress and just jump the other express train to hell? We can at least have a better time going down.

Will "take no prisoners" Hart said...

Honestly, Les (and I believe that I've stated this elsewhere), I probably WOULD take single-payer over this maze. At least there's an intellectual honesty and a semblance of logic to it.

D. Luthor said...

Will, I might be on board with this.

Yes, lets get single payer. However, make sure the single payer involved is Shelby Steele. For one thing, I think he would make wise decisions, probably more than 90% of the people out there, and definitely wiser than the government.

For another, it will really anger WD, who can barely mask the racial element in his dislike for the man.