Obama’s Swindle

In an ideal world, we would actually listen to Thomas Sowell and would thus avoid a ton of economic and social pain.  Unfortunately we do not live in an ideal world.  At NRO, Sowell points out something that needs to be understood far and wide:

In a swindle that would make Bernie Madoff look like an amateur, Barack Obama has gotten a substantial segment of the population to believe that he can add millions of people to the government-insured rolls without increasing the already record-breaking federal deficit.

Thomas Sowell

Thomas Sowell is actually smart and worth listening to

EXACTLY.  This whole “debate” that we’re having over “health care reform” consists of Obama and his Democrat spirit squad asserting things that simply aren’t true (we’re gonna do this without adding a dime to the deficit; you won’t have to change your insurance plan if you don’t like it; our reform will actually control costs; etc); conservatives pointing out and demonstrating that the Democrat assertions aren’t true; and Obama and his Democrat spirit squad simply asserting the same things over again, as if repetition will make it true.  At this point, it’s no stretch to say that Obama is simply a bald-faced liar, as are his minions in Congress like Reid and Pelosi.

The Obama health-care plan can be financed without increasing the federal deficit — if the administration takes hundreds of billions of dollars from Medicare. But Medicare itself does not have enough money to pay its own way over time.

However money is juggled in the short run, the government’s financial liabilities are increased by adding this huge new entitlement of government-provided insurance. The fact that these new financial liabilities can be kept out of the official federal deficit projection, by claiming that they will be paid for with money taken from Medicare, changes nothing in the real world.

I can say that I can afford to buy a Rolls Royce, without going into debt, by using my inheritance from a rich uncle. But, in the real world, the question would arise immediately whether I in fact have a rich uncle, not to mention whether this hypothetical rich uncle would be likely to leave me enough money to buy a Rolls Royce.

They are lying.  They’re simply lying.

An even more transparent gimmick is collecting money for the new Obama health-care program for the first ten years but delaying the payments of its benefits for four years. By collecting money for ten years and spending it for only six years, you can make the program look self-supporting, but only on paper and only in the short run.

This is a game you can play just once, during the first decade. After that, you are going to be collecting money for ten years and paying out money for ten years. That is when you discover that your uncle doesn’t have enough money to support himself, much less leave you an inheritance to pay for a Rolls Royce.

But a postponed revelation is not part of the official federal deficit today. And that provides a talking point, in order to soothe people who take talking points seriously.

“Fraud has been at the heart of this medical-care takeover plan from Day One.”  Sowell is right.  We’re “reforming” health care through a process so dishonest and corrupt, if it was the sale of a used car all 50 state Attorneys General would be all over it like stink on a monkey.  Feel good about this yet?