$700 billion for TARP, $1 trillion for stimulus, $400 billion for mortgages, unknown billions for the automakers, $410 billion for additional spending, and now $634 billion for a health care fund. Gee, this is starting to get a tad expensive, dontcha think?
Obama would pay for the expansion by trimming tax breaks for the wealthy and tightening payments to insurers, hospitals and physicians, according to a senior administration official.
By first identifying a large pot of money to underwrite health care reform — before laying out a proposal on who would be covered or how — Obama hopes to signal his willingness to negotiate with Congress over the details of an eventual plan.
“We wanted to get this process going by putting some serious resources on the table,” said the official, who was not permitted to speak on the record until formal release of the budget blueprint. “This is a reserve fund, instead of a 700-page plan. We learned the lessons of the past and want to work interactively with Congress. This is a first step.”
So we’re going to take more money away from the “wealthy”. You know, the same people who invest, buy homes, and purchase lavish items. And at the same time we’ll pay the hospital, insurers, and doctors less for the same services they’re providing now. Oh, and all of that still won’t cover the full cost of his program What could possibly go wrong?
Exit Note: I never want to hear about the cost of the war in Iraq from the left ever again.
Via Hot Air.


by Stephan Tawney on February 25, 2009