Six years of healthcare for the price of ten!
The Congressional Budget Office just released preliminary cost numbers for the Democrat’s Healthcare bill (HR-3590). Expenditures follow a “Z” pattern- insignificant expenses for the first four years (since benefits will not be paid for those years). Then expenses increase steeply for the next four years, and then level off for the last two years.
If you bought a car that you could pay off in four years at $300 per month, would you be excited about a counter-offer of ten years of payments at $300 per month to get the same car? That is the deal that the Democrats in congress are “offering” to the voters this weekend. They are offering six years of healthcare for the price of ten years of payments. During the first four years they will over-collect 102 billion dollars by raising taxes and raiding Medicare. They promise that they will hang onto this money and spend it on healthcare from 2015 to 2019. They will be taking this money out of the economy in the middle of the worst recession since the Great Depression. The CBO did not factor lost productivity into their cost equations. A construction company with a net worth of only 100,000 can easily generate one million dollars in revenue each year. By some estimates, every year that 102 billion dollars is missing from the productive sector and languishing in government coffers costs our economy over one trillion dollars of economic turnover- and 300 billion of that is lost revenue. That lost revenue will not show up on the CBO scorecard, but will translate into real pain as unemployment devastates more lives.
Of course if you don’t accept the Democrat’s offer, you will be fined and/or jailed. Also, your children and grandchildren will be fined and jailed if the Democrats in Congress are successful in twisting their own rules into pretzels, and violating our Constitution. It’s the “Chicago Way”.