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The Greatest Show on Earth

Truth Detector

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That’s right folks, brought to you by the smartest Libruls on the block and only possible because they are smarter than the average bear, HEALTH CARE for everyone.......and it will be CUT the deficit!!!

You just cannot fabricate the level of lunacy that infests our Govuhmint today. The latest claims suggest that through Government agencies and properly and efficiently managing the healthcare system in America, over $800 BILLION will be saved.

The stunning part of such claims is that history suggests that, as is the case with this stunningly uninformed administration, there has NEVER been a case where Government managed ANYTHING efficiently and effectively; but this administration wants the gullible in this great nation to believe that it can regardless of its massive level of failure already witnessed.

The Greatest Show on Earth
Step right up: A new entitlement that cuts the deficit

Washington spent the week waiting for the Congressional Budget Office to roll in with its new cost estimates of the Senate health-care bill, and what a carnival. Behold: a new $829 billion entitlement that will subsidize insurance for tens of millions of people—and reduce deficits by $81 billion at the same time. In the next tent, see the mermaid and a two-headed cow.

The political and media classes are proving they'll believe anything, as they are now pronouncing that this never-before-seen miracle is a "green light" for ObamaCare. (What isn't these days?) The irony is that the CBO's guesstimate exposes the fraudulence and fiscal sleight-of-hand underlying this whole exercise. Anyone who reads beyond the top-line numbers will find that the bill creates massive new spending commitments that will inevitably explode over time, and that this is "paid for" with huge tax increases plus phantom spending cuts that will never happen in practice.

.........................

Meanwhile, the bill piles on new taxes, albeit on health-care businesses so the costs are hidden from customers. Insurance companies offering policies that cost more than $8,000 for individuals and $21,000 for families will pay $201 billion per a 40% excise tax, which will be passed down to all policy holders in higher premiums. Another $180 billion will hit the likes of drug and device makers, including $29 billion because companies won't be allowed to deduct these "fees" from their corporate income taxes. Then there's the $4 billion in penalty payments on those who don't buy insurance because all of ObamaCare's other new taxes and mandates have made it more expensive.


The rest of the story:

CBO Report on Baucus Bill - WSJ.com
 
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