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	<title>Big Government In Your Wallet &#187; CBO</title>
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	<description>political decisions impacting your household</description>
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		<title>Are We To Suffer Obama Medicare and Huge Taxes?</title>
		<link>http://www.big-government-in-your-wallet.com/are-we-to-suffer-obama-medicare-and-huge-taxes/</link>
		<comments>http://www.big-government-in-your-wallet.com/are-we-to-suffer-obama-medicare-and-huge-taxes/#comments</comments>
		<pubDate>Sat, 20 Jun 2009 11:30:04 +0000</pubDate>
		<dc:creator>Kelly Estes</dc:creator>
				<category><![CDATA[Legislation]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[barack obama]]></category>
		<category><![CDATA[CBO]]></category>
		<category><![CDATA[Health Care Reform]]></category>
		<category><![CDATA[robert gibbs]]></category>

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		<description><![CDATA[<p>Will Obama's Health Reform mean we'll be getting 'quality Medicare' at a huge price tag?</p>
]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: 14px;"><span style="font-family: Palatino;">Have you asked your doctor if he’s for the Health Care Reform bill?</span></span></p>
<p class="MsoNormal"><span style="font-size: 14px;"><span style="font-family: Palatino;">After my recent eye exam, I commented to my optometrist that Health Care Reform seems like a big Medicare plan. My optometrist agreed, said she thinks Health Care Reform is a bad idea, and relayed stories of friends who live in the U.K. but come here to the U.S. for some medical treatment, because they feel medical care in the U.K. is not good enough.</span></span></p>
<p class="MsoNormal"><span style="font-size: 14px;"><span style="font-family: Palatino;">We’ve all heard of the Canadians who come to the U.S. to obtain medical care, because the wait for treatment can be so long in Canada. And when it&#8217;s your health at stake, does one want to wait for months?</span></span></p>
<p class="MsoNormal"><span style="font-size: 14px;"><span style="font-family: Palatino;">Now, White House spokesman Robert Gibbs has unequivocally stated that the <a href="http://www.whitehouse.gov/the_press_office/Statement-from-Robert-Gibbs-on-the-Bipartisan-Policy-Centers-Health-Reform-Proposal/">Health Care Reform bill</a> will mean “quality and affordable health care for all Americans.”</span></span></p>
<p class="MsoNormal"><span style="font-size: 14px;"><span style="font-family: Palatino;">What’s more, Gibbs states that the Health Care Reform will not add to the deficit. Now, that&#8217;s a statement we can take to the bank, right?</span></span></p>
<p class="MsoNormal"><span style="font-size: 14px;"><span style="font-family: Palatino;">No wonder some Democrats were so dismissive of the Congressional Budget Office, which came out with a ‘preliminary’ analysis of the Health Care bill on June 15, and mailed a letter with that analysis to <a href="http://www.cbo.gov/ftpdocs/103xx/doc10310/06-15-KennedyLetter.shtml">Sen. Edward M. Kennedy</a>. Here are excerpts of that letter:</span></span></p>
<blockquote>
<p class="MsoNormal"><span style="color: #000A62;"><span style="font-size: 14px;"><span style="font-family: Palatino;">&#8220;The attached table summarizes our preliminary assessment of the proposal’s budgetary effects and its likely impact on insurance coverage. According to that assessment, enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010–2019 period.&#8221;</span></span></span></p>
</blockquote>
<p><span style="font-size: 14px;"><span style="font-family: Palatino;">Hey Gibbs!</span></span> <span style="font-size: 14px;"><span style="font-family: Palatino;">Didn’t you say that the Health Care Reform bill will not add to the deficit?</span></span> <span style="font-size: 14px;"><span style="font-family: Palatino;">Here we have the CBO stating that our deficit will increase by $1 trillion from 2010-2019. Hmmm.</span></span> <span style="font-size: 14px;"><span style="font-family: Palatino;">In order to not increase the deficit with a $1 trillion health care bill, that must mean we will be paying a lot more in taxes.</span></span></p>
<blockquote>
<p class="MsoNormal"><span style="color: #000A62;"><span style="font-size: 14px;"><span style="font-family: Palatino;">&#8220;Once the proposal was fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million.&#8221;</span></span></span></p>
</blockquote>
<p><span style="font-size: 14px;"><span style="font-family: Palatino;">Wait a New York second!</span></span> <span style="font-size: 14px;"><span style="font-family: Palatino;">So we’re going to pay oodles of money to fund Health Care Reform, the cost of which is unknown, increase our deficit by at least $1 trillion by 2019, pay lots more in taxes, and all that will still leave millions of Americans uninsured? Read the <a href="http://www.cbo.gov/ftpdocs/103xx/doc10310/06-15-KennedyLetter.shtml">CBO report</a> yourself here.</span></span></p>
<p class="MsoNormal"><span style="font-size: 14px;"><span style="font-family: Palatino;">Anyone else thinking of this Health Care Reform as a boat with too many holes to sail? Or will Congress plug the boat enough for it to sail, only to sink with our money in it, later?</span></span></p>
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		<title>Obama&#8217;s Spending Spree Must Stop!</title>
		<link>http://www.big-government-in-your-wallet.com/obamas-spending-spree-must-stop/</link>
		<comments>http://www.big-government-in-your-wallet.com/obamas-spending-spree-must-stop/#comments</comments>
		<pubDate>Sun, 22 Mar 2009 02:45:25 +0000</pubDate>
		<dc:creator>Kelly Estes</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Legislation]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[$3.6 trillion budget]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[CBO]]></category>
		<category><![CDATA[economic war]]></category>
		<category><![CDATA[peter orszag]]></category>
		<category><![CDATA[proposed budget]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[warren buffett]]></category>

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		<description><![CDATA[Have you ever wished you could have it all even though your budget says you can’t? Well, that’s the predicament our President Obama finds himself in, campaigning for America’s support for his $3.6 trillion budget. Mr. Obama wants to check the box on his wish list of implementing nationalized health care, overhauling education, reducing our [...]]]></description>
			<content:encoded><![CDATA[<p><span style="font-family: Arial;">Have you ever wished you could have it all even though your budget says you can’t?</span></p>
<p style="font: 12.0px Times New Roman; min-height: 15.0px"><span style="font-family: Arial;">Well, that’s the predicament our President Obama finds himself in, campaigning for America’s support for his $3.6</span> <em><span style="font-family: Arial;">trillion</span></em> <span style="font-family: Arial;">budget. Mr. Obama wants to check the box <img src="http://www.big-government-in-your-wallet.com/wp-content/uploads/2009/03/105px-svg.png" width="105" height="120" alt="105px-☑.svg" style="float:right; margin-top:0px; margin-right:0px; margin-bottom:0px; margin-left:0px;" /> on his wish list of implementing nationalized health care, overhauling education, reducing our dependence on oil while also paying for vast environmental initiatives, all the while</span> <a href="http://news.yahoo.com/s/ap/20090321/ap_on_go_pr_wh/obama_budge"><span style="font-family: Arial;">demanding</span></a><span style="font-family: Arial;">, presidentially, that the deficit must be cut.</span></p>
<p style="font: 12.0px Times New Roman; min-height: 15.0px"><span style="font-family: Arial;">After analyzing the president’s budget, the Congressional Budget Office reported startlingly dire numbers yesterday regarding Mr. Obama’s proposed annual budget for our country. If Mr. Obama’s budget is implemented, then America</span> <a href="http://www.cbo.gov/ftpdocs/100xx/doc10014/03-20-PresidentBudget.pdf"><span style="font-family: Arial;">will run a nearly $1 trillion deficit per year for 10 years</span></a><span style="font-family: Arial;">, totaling $9.3</span> <em><span style="font-family: Arial;">trillion</span></em> <span style="font-family: Arial;">in debt. Just in 2009, the CBO is projecting that under Mr. Obama’s budget proposal that the deficit will be about $1.8 trillion, or 13.1 percent of GDP. At a press briefing Friday, White House Budget Chief Peter Orszag acknowledged that if the CBO projections are correct in their 5% deficit to GDP, that it would “&#8230;ultimately not be sustainable.” &nbsp;&nbsp; And Congressman Ron Paul questioned why when America already has a large deficit, Congress and the President want to spend $3.6 trillion in this year&#8217;s budget.</span></p>
<p style="font: 12.0px Times New Roman; min-height: 15.0px"><span style="font-family: Arial;">Now, I know if our credit card company knew we were going to have that kind of negative cash flow for 10 years (only a mere $1trillion deficit /year, come on!) , we wouldn’t be able to use our card anymore due to its cancellation!</span></p>
<p style="font: 12.0px Times New Roman; min-height: 15.0px"><span style="font-family: Arial;">Even Warren Buffett said in a CNBC interview on March 9 that Mr. Obama’s first, second and third job is to win the economic war.</span></p>
<p style="font: 12.0px Times New Roman; min-height: 15.0px"><span style="font-family: Arial;">What a nice way of saying that Mr. Obama needs to focus on the economy&#8230;. as Mr. Buffett said, winning the “economic war” should be his top three priorities. Where should Mr. Obama’s wish list of nationalized health care, education “investment” and environmental initiatives go? Straight to&#8230;. the bottom of his list. The economy must come first; isn’t that common sense, something everyday Americans understand?</span></p>
<p style="font: 12.0px Times New Roman; min-height: 15.0px"><span style="font-family: Arial;">Here’s the problem: When our nation is struggling through a prolonged recession, people are losing their jobs or forced to work less hours and take home less pay, or forced to work more hours on less pay. Americans as a whole are tightening their belts and budgets. On the other hand, our government in Washington, D.C. is doing the opposite. The majority of our congressional leaders and our president are trying to spend their way out of this recession. But so is the rest of the world, and the question is, who is going to buy/finance the trillions of dollars in debt that countries worldwide are proposing to spend?</span> <a href="http://finance.yahoo.com/news/Stocks-slide-after-weak-apf-14744876.html"><span style="font-family: Arial;">No one can say</span></a><span style="font-family: Arial;">.</span></p>
<p style="font: 12.0px Times New Roman; min-height: 15.0px"><span style="font-family: Arial;">Wake up, leaders in Congress and Mr. President. We’re in a recession, and you can’t have it all. We don’t have the money!</span></p>
<p style="text-align: right;font: 12px 'Times New Roman'; min-height: 15px;"><span style="font-family: Arial;"><em>Graphic Source: Wikimedia</em></span></p>
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