Tuesday, June 9, 2009

Obama: It's OK to borrow to pay for health care

The idea of perpetual compounding debt just doesn't seem to move these imbeciles. That is, of course, because the destruction of the economy is the ultimate goal. These aren't a bunch of misguided fools who know not what they're doing; this is all planned, contrived, engineered and choreographed. Even if you don't believe in the NWO, which will be shoved down our throats on the back of this economic catastrophe, don't you think they'd have to know that perpetual debt from money created out of thin air can't possibly sustain itself? It's impossible! If you believe that, go walk off a cliff and tell yourself, that if you just shed your cynicism and believe in the power of hope, you won't plunge to your death.

    The "pay-as-you-go" budget formula plan is significantly weaker than a proposal Obama issued with little fanfare last month.

    It would carve out about $2.5 trillion worth of exemptions for Obama's priorities over the next decade. His health care reform plan also would get a green light to run big deficits in its early years. But over a decade, Congress would have to come up with money to cover those early year deficits.

    Obama's latest proposal for addressing deficits urges Congress to pass a law requiring lawmakers to pay for new spending programs and tax cuts without further adding to exploding deficits projected to total about $10 trillion over the next decade.

    If new spending or tax reductions are not offset, there would be automatic cuts in so-called mandatory programs -- although Social Security payments and the Medicaid health care program for poor and disabled would be exempt and cuts to Medicare would be sharply limited.

    "The 'pay-as-you-go' rule is very simple," Obama said. "Congress can only spend a dollar if it saves a dollar elsewhere."

I'll stop here so you can enjoy a quick chuckle.

OK continue...