Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

Thursday, February 4, 2010

Earth to Obama: Health care is already run by the government

Barack Obama has used his presidency to bash health insurance companies as being maliciously powerful. It's all a bunch of malarkey. A new report released today found that government spending on health care will soon 50 percent of all health care spending. In fact, government-funded health caregrew by 17.3% last year to 2.5 trillion dollars annually.
Most of that spending is thanks to the huge number of retiring Baby Boomers who need Medicare and Medicaid. So the next time Barack Obama tells a health care horror story about a senior citizen who received poor care, remember where much of the blame belongs: on his incompetent government.

Monday, February 1, 2010

Tax and spend Obama breaks yet another campaign promise

Back during the presidential campaign, Barack Obama promised that he would reduce the deficit to 3% of GDP by the end of his first term in office. It was a sham, of course. There's no way Obama, drunk on spending taxpayer money, would follow through on something like that.
Now it's official. Over the weekend, Obama announced his new $3.8 billion budget, which ramps up spending on all kinds of useless government programs. Meanwhile his Office of Management and Budget announced that the deficit would be reduced to a minimum 3.6%...by 2020. Right now, deficit spending is at its highest point since World War II, thanks to Obama.