Robert Tracinski, over at Real Clear Politics, discusses the seven big lies (and not a few of the smaller ones), that Barack Obama told in his latest huge, unprecedented, historic, once-in-a-lifetime, bigger-than-life (insert over-the-top media description of your choice here) speech on ObamaCare. It’s a heck of a list.
4) The “public option” will not be subsidized by government.
President Obama would have us believe that a government-run insurance company would be less expensive than private insurance because it avoids “some of the overhead that gets eaten up at private companies by profits, excessive administrative costs, and executive salaries.” Does anyone actually believe this? Obama himself acknowledges that the “public option” leads to less efficiency when it comes to delivering mail. Why should we believe the government is suddenly going to become a model of efficiency in the health-insurance market?
It is obvious what is actually going to happen. Since the whole purpose of the “public option” is to provide a cheaper competitor against private insurance, the government will do whatever is required to ensure that this is the case-including subsidizing the public option.
After all, weren’t Fannie Mae and Freddie Mac supposed to be self-supporting enterprises, too? Why should “affordable health-care” end up any differently than “affordable housing”?
Just that one lie should make you run screaming from ObamaCare. Fannie and Freddie were supposed to be a miraculous way to have cake and eat it, too. All done magically with no worries about profits all for the good of US taxpayers.
Who owns those two wrecks right now? Or rather, who is on the hook for them?
Oh yeah, that would be us US taxpayers.
Go read the rest. There’s a real credibility problem – but is not from Obama’s critics. The lack of credibility is on the won’s part.
