Rudy Boschwitz and Tim Penny question Obamacare. IBD:

In 1968 total spending by the federal government was $178.1 billion dollars. Forty years later in 2007, total spending had risen to $2,728.9 billion dollars. So the budget of the U.S. increased in dollar terms 15.3 times in that 40-year span…

Social Security rose from $23.3 billion in 1968 to $581.4 billion in 2007, an increase of 25 times…Medicare rose from $5.1 billion in 1968 to $436.0 billion in 2007 an astounding increase of 85.5 times…Medicaid outlays in 1968 were $1.8 billion. In 2007 they had risen to $190.6 billion, an increase in dollar terms of 105.9 times…

The idea of expanding the federal role in the medical arena is truly fiscally irresponsible…If the government becomes the insurer of most Americans, the impact on the budget would be absolutely awesome. Rationing of medical care that is so often mentioned would surely result…

Defense outlays rose from $82.2 billion in 1968 (or 46.1% of the total budget) to $547.9 billion in 2007 (20.1% of the total budget). In dollars, that is an increase of a bit less than 6.7 times…Barney Frank assured us that we can pay for these new medical programs by decreases in defense outlays and additional taxes on the “rich” — those with incomes exceeding $250,000, he explained.

Everything about Obamacare seems to have a taint of dishonesty. The true objectives of its proponents are concealed for the most part. And Frank’s explanation for how it can be financed is ludicrous. Heaven help us!

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