Monday, March 8, 2010

Obamacare: The Bankrupting of America

Obamacare: The Bankrupting of America

There is no doubt that the medical care that we will receive under ObamaCare will be substandard to that which we receive now. And there will be lines and rationing and the very old and the very young will suffer. That is also a given. But the very worst part of ObamaCare is that it will bankrupt America.

Obama gives great speeches in which he laments the money currently spent on health care and says that we will save money by moving to government run health care. But the government running health care is not the same as the private sector providing health care and he knows that. The cost, when run by the government, will skyrocket because the government doesn't have a profit motive to keep costs down and competitive.   The government doesn't compete, it taxes.  The government doesn't worry about overhead, it just raises taxes.  The government doesn't worry about providing a service because it is self-justifying.  

Follow the link for more.

Then write your Representative and Senators and tell them, not only no, but hell no!

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