Monday, May 25, 2009

It's been TOO Long...

It's been a while since I've posted. Fortunately, I'm the only one that reads this, so it doesn't really matter. I saw this and my first response was to make sure everyone knows that President Obama DOES know the problem with the national debt. Here is the proof.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades. So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off. So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.
So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now. Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...

So, President Obama has at least looked at the budget and realized that Medicare and Medicaid ARE the reason we are in this mess to begin with. Here's the kicker, what is Obama's plan?? He definately wants to overhaul the system so that EVERYONE is on a plan similar to Medicare and Medicaid.

I'm sure President Obama's plan will work, unlike every other government program.

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