No, not the movie. Although one wishes this were fictional. No, this is about the fiscal abyss that ObamaCare would plunge the United States into if it were to become law:
The press corps has noticed the Congressional Budget Office’s estimate that the House health bill increases the deficit by $239 billion over the next decade. But government-run health care won’t turn into a pumpkin after a decade. The underreported news is the new spending that will continue to increase well beyond the 10-year period that CBO examines, and that this blowout will overwhelm even the House Democrats’ huge tax increases, Medicare spending cuts and other “pay fors.”
In a July 26 letter, CBO director Douglas Elmendorf notes that the net costs of new spending will increase at more than 8% per year between 2019 and 2029, while new revenue would only grow at about 5%. “In sum,” he writes, “relative to current law, the proposal would probably generate substantial increases in federal budget deficits during the decade beyond the current 10-year budget window.” (The House bill has changed somewhat in the meantime, but not enough to alter these numbers much.)
The nearby chart shows this Grand Canyon between spending and revenue, including CBO’s long-term predictions. While these are obviously very coarse estimates, there’s also a projection of a $65 billion deficit in the 10th year-and “deficit neutrality in the 10th year is . . . the best proxy for what will happen in the second decade.”
This is madness. The Democrats pushing this abomination will turn your children and grandchildren into drones, their hard work merely feeding the maw of the endlessly hungry government. This is not America, folks. This is not freedom. At best, this is sefdom.
Those of you who think that the “rich” will pay for all this better get a grip on the reality of these numbers. This will be paid for by your children, regardless of how much they make – which will not be very much at all after the taxes are paid.
Start pushing back now, before it is too late. Do not let this happen.
That’s the idea. For some strange reason we’ve elected a crowd that hates the country and the constitution. I don’t know what happened, or how it happened but we’ve had a revolution.