Estimated $600 Billion In New Taxes Being Proposed
NEW TAXES? Tell me it ain’t so! How’s that for hope and change?
This story could get lost in all the hubbub that is being created by this WH and the rest of the world, (i.e. Iran, Israel, N. Korea, Russia, China. etc.) It is absolutely frightening to watch the instability that has been created in the world by the placement of a completely unqualified community organizer and supposed Constitutional professor (there’s a laugh) in the most powerful position in the world, our White House.
Hussein is at least being truthful when he said that he was going to spread the wealth; only problem here is that it will end up hitting all of us and completely enslaving the middle class to the government because they will not have the cash to move overseas like Bill Gates and his peers.
The usurper-in-charge should be called the slippery slope-in-charge due to every single issue leading us away from our Constitutional roots. Can we impeach Obama yet?
June 12 (Bloomberg) — Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.
Are You Freakin’ Kidding Me?
Democrats will work on the bill’s details next week as they struggle through “what kind of heartburn” it will cause to agree on how to pay for revamping the health-care system, Rangel, a New York Democrat, said today. The measure’s cost is reaching well beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a 10-year down payment for the policy changes.
Asked whether the cost of a health-care overhaul would be more than $1 trillion over a decade, Rangel said, “the answer is yes.” Some Senate Republicans, including Senator Orrin Hatch of Utah, say the costs will likely exceed $1.5 trillion.
And this is okay with you America? During a depression?
House Democrats plan to release their legislation next week. Obama is working with Congress to get legislation to his desk by October.
Once again, ARE YOU FREAKIN’ KIDDING ME? Are we going to allow this to happen? Democrat written and driven universal health care that will not only bankrupt the country after the $12 trillion that The Fed and the Treasury have banged out, but will produce avoidable deaths of Americans; change we can believe in? Who are the terrorists in the country right now?
I guess turning our health care over the people that cannot read the 1100 page stimulus bill before they voted for it is a stellar idea, instead of turning the decision about our health care over to US; the people who actually do read the bills and are not subject to the pressure from special interest groups and lobbyists.
Obama has pledged that health-care changes won’t add to the deficit. To accomplish that, he’s proposed getting about $600 billion by reducing tax deductions available to the wealthy, and by trimming Medicare payments to insurance companies.
That won’t be enough to cover the overhaul costs. Obama said this week he plans in the coming days to disclose more proposals for raising “additional sources of revenue.” In a letter last week to Senate Democrats drafting legislation he said he will be proposing between $200 billion and $300 billion in further Medicare and Medicaid cuts.
Obama plans to give a speech Monday in Chicago to the American Medical Association as part of his campaign to build up support for what could be the biggest changes to healthcare policy since Medicare was established in 1965.
If it was such a good plan, one would not have to “build up support” because the plan would be common sense, yes? If we allow this to happen without a fight, then we truly are the idiot children.
Anybody hearing about Senator Coburn’s Patient’s Choice Act? Thought not.
More “Clearly I Can Do Anything I Want” Stupidity Up Next? Dropping Gitmo detainees on Bermuda without permission…