Obamacare’s $17 Trillion Cost Will Bankrupt America

The US Supreme Court concluded their hearings this week on Obamacare.  One of the questions they are mulling over is whether or not to do away with just the individual mandate or the entre healthcare bill.  During the proceeding, one of the justices jokingly invoked the 8th Amendment to avoid having to read the 2,700 pages contained the bill.

It reminded me of the ridiculous statement Nancy Pelosi made when she told America that they had to pass Obamacare in order to find out what was in it.

Fortunately, some responsible Republican Senate staffers have been placing themselves under cruel and unusual punishment by carefully sorting through the voluminous piece of legislation.  What they have found is alarming and potentially could result in the absolute financial ruin of the United States.

When the Democrats were pushing Obamacare, they kept telling the nation that it would only cost about $900 billion over the next ten years but is that true?

They discovered that the shortfall between all of the new Obamacare tax revenue and spending is approximately $17 trillion dollars.  This is five times the current federal annual budget and over three times the amount that the Obama administration has already borrowed in just three years.

When the GOP staffers extended the shortfall out over the next 75 years, it totaled up to a whopping $82 trillion.

On a floor speech, Sen Jeff Sessions (R-AL), who is the ranking minority member on the Senate Budget Committee, told his fellow colleagues,

“President Obama told the American people that his health law would cost $900 billion over ten years and that it would not add ‘one dime’ to the debt… this health law adds an entirely new obligation—one we cannot pay for—and puts the entire financing of the United States government in jeopardy.”

“We don’t have the money… We have to reduce the [obligations] that we have.”

I recall one of the Supreme Court Justices suggested that it may be best to throw out the entire Patient Protection and Affordable Care Act and instruct Congress to start all over.  With the revelation of the enormous cost of Obamacare, I hope and pray that they do decide to chuck the whole mess and send Congress back to the drawing board.  At this point in time, the current cure to the healthcare issue will undoubtedly kill the patient.  Without it, we at least stand a fighting chance of survival.


Comments

comments

  • Rcol1

    Is there anyone that doesn't believe we are on the cusp of bankruptcy now? Does it matter whether you declare bankruptcy with a $500K debt or a $1M dollar personal debt? Just time. When people are fully aware that they are going to lose everything the first thing they do is run up the debt as high as possible just prior to declaring. That is what Obie and his band of incompetents are doing. As always, what ever happens, the politicians, elite and the super wealthy will come out flowers. Not so much for the rest of us.

  • KHM

    At first sight I disputed this figure in the headline.  After thinking about it it does seem possible that the creation of over 100 agencies, thousands of federal employees and adding millions of people to our healthcare system could cost ten times what the recent CBO figure said ($1.7 Trillion).
     I agree with Rcol1 that we are bankrupt now. Of course collapsing the system is the goal of this regime. It is about control not healthcare. Let's keep that in mind.

  • http://pulse.yahoo.com/_YH2ZIQWRJE6OGQ3D435FD5FGTA Hole In One

    obamas Familiar Rhetoric, Failed Record
    http://www.youtube.com/watch?v=UDDRiGIUYQo&feature=relatedhttp://www.youtube.com/watch?v=UDDRiGIUYQo&feature=related Barack Obama locked out of White Househttp://www.youtube.com/watch?feature=endscreen&v=-ZNAVgOJDd8&NR=1http://www.youtube.com/watch?feature=endscreen&v=-ZNAVgOJDd8&NR=1
    I believe in my heart that America became a super power and a great nation under God and with Gods guidance in a few short 200 years.. BECAUSE We befriended Israel where no one else would...The bible says the jews are God's chosen people.. and so God had favor on our country...But ever since God has been kicked out of our country by the ACLU and the haters of America and obama throwing Israel under the bus so to speak,, God has pulled back his grace,,for the people of America put a muslim in charge of this great country,, America is getting what it deserves by letting these things happen.. obama says islam is an American story from the begining of Americas birth.. We ALL know thats a lie..obama is a lie..plain and simple..WE need God back into our Country and our schools..He's waiting,, and until we call God back we will suffer the consequences of his absence..

    • Patriot

      I am in total agreement with you.  God has become Gov to the people in this once great country.  I honestly don't know after all of these years of conditioning, if things will ever go back to the way they once were.  Read the great Paul Harvey's broadcast  "If I were the Devil" from 1965.  It really hits home.

    • http://www.facebook.com/reenie217 Maureen Gagnon Varner

       We need people in office that put America first,not Israel.
      It is our support of Israel that causes most  of out problems.
      No more dual citizens in office.
      Let Israel fight their own wars,no more Americans dying for Israel.
      Anyone living in the USA that puts Israel first should move there and leave us alone.
      Don't let the door hit you in the a$$.

      Remember the USS Liberty.
      Israel is NOT our friend.

    • http://www.facebook.com/reenie217 Maureen Gagnon Varner

       

      Iran Bashing, Terrorism and Who Chose The Chosen People, Anyway?
      (Watch on you tube)

  • BethHarbin

    WORD FOR WORD RESPONSE OF BARACK OBAMA ON  “MEET THE PRESS“, SUNDAY 07 SEPTEMBER 2008- 10:48AM EST--RESPONDING TO PANELIST GEN., JOE GINN,  USAF (RET).QUESTION “ WHY DO YOU NOT OBSERVE THE STANDARD PROTOCOL  REGARDING THE U.S. FLAG AND THE NATIONAL ANTHEM?     
    “As  I've said about the flag pin, I don't want to be perceived as taking sides... there are a lot of people in the world to whom the American flag is a symbol of oppression...." "The anthem itself conveys a war-like message. You know, the bombs bursting in air, and all that sort of thing."
    Obama continued:, "The National Anthem should be 'swapped' for something less parochial and less bellicose. I like the song ''Id Like To Teach the World To Sing.” If that were our anthem, then I might salute it. In my opinion, we should consider reinventing our National Anthem as well as 'redesign' our Flag to better offer our enemies hope and love.” 
    “It's my intention, if elected, to disarm America to the level of acceptance to our Middle East Brethren.” XX
    “If we, as a Nation of warring people, conduct ourselves like the nations of Islam, where peace prevails - - - perhaps a state or period of mutual accord could exist between our governments.”
    “When I become President, I will seek a pact of agreement to end hostilities between those who have been at war or in a state of enmity, and a freedom from disquieting oppressive thoughts.” 
    “We as a Nation, have placed upon the nations of Islam, an unfair injustice, which is WHY my wife disrespects the Flag, and she and I have attended several flag burning ceremonies in the past.”
    “Of course now, I have found myself about to become the President of the United States and I have put my hatred aside. I will use my power to bring CHANGE to this Nation, and offer the people a new path. My wife and I look forward to becoming our Country's First black Family. 
    “And, indeed, CHANGE is about to overwhelm the United  States.”

    XX-- APPARENTLY HE  TEMPORARILY  SLUFFED HIS RELIGIOUS BLOODBROTHERS,  FOR THE SAKE OF HIS COMMIE POLITICAL BLOODBROTHERS ON AMERICAN ARMARMENTS. 

    Astonished???

    • grannyb

      No since he has come to seek & destroy us as a nation.

    • OBAMAHATER4SURE

      OBUMMER is nothing more than a LFMN  (lying effing muslim N 1 6 6 G R) and he and OBIDEN should both be taken out of the picture of this country before the history book are written.

  • http://www.facebook.com/lizbrnr Elizabeth Brenner

    That what it's all about, bankrupting America!!  From day 1!  If he is voted in for 4 years again we will not have a country!  I can remember the last go around with Russia!   Kruchev pounded his fist on the table and said ,"We will take you from the inside without firing a shot".  And it is happening before our very eyes!

    • grannyb

      Many dumbed down americans did not wake up to the facts, we are in grave danger if we do not wake up to reality.

    • Navy Vet

      Exactly right . Obamacare was designed to intentionally bankrupt America.

  • Samtman

    The OMB says accordaing to their studies, Obama Care, ( I know he cares) is going to save about 10 Billion  $$$ over the next 10 years and is  going to lower over all cost of health care for everyone. I believe it will happen.

    • Jkmcs2

      Samtman, you have to be dreaming.  Are you still asleep.  The word is 17 trillion more in the hole.  Does not sound like lowering the cost to me.  I hope you are awake at voting time.....  Ken

      • OBAMAHATER4SURE

        Samtman will cast an absentee ballot because his brain doesn't work anymore it got eaten up bu the OBUMMER Cancer he contracted in 2008.

    • Rcol1

      And Santa Clause, Easter Bunny and Uniforns. Put down that pipe, Dude. Come back to reality. BTW, have you done the math, even if the $10B were true  (and it is not), its not a pimple on the $1T+ deficit that will be added to the national debt each year for who knows how long. We only service the national debt and do not pay it down, it goes up and up, until we default.

    • grannyb

      How is that since we already have so much debt he has put us into already. Are you the one who will donate a lot of money to pay for my nursing home???

    • OBAMAHATER4SURE

      Samtman how do you see to type this crap? Your nose is so far up OBUMMERS BUTT you can't breath let alone see.
      Your just like OBUMMER a LFMN.

    • Sean murry.

      If you want to pay more more power to you.Too bad you kiss his butt.

  • margaretpaddock

    Your right Giacomo but what you missed is that it is part of their bigger plan to break America.

    Look at:  americandeception.com and look up The Dumbing Down of America.  This explains the governments plan from the time Eisenhower signed the pact with Russia to integrate America under Russia.  Few people knew about that.  It is sadly true and every president since including Regan knew about it and helped promote the plan.  Regan could have stopped the government from taking over the education, but he didn't   It is part of their plan to change the thinking of Americans.  Computers are also part of their plan starting with very young children.

    Read it and spread the word far and wide.

  • Flowers

    New flash!!!  We are bankrupt but government won't admit it yet.

  • Sean murry.

    The SOB in the white house wants to bankrupt us.

  • Rev. Anony Moose

                         It will bankrupt this nation and many of the people in it too!    As I have said, "Barack Obamanation will ruin this nation!"

  • http://pulse.yahoo.com/_O24NYT5HOQNDEJ3TUT5QOTLOF4 TM

    obama is laughing at all the idiots that voted for his illegal muslim arse.

  • Shadetree777

    Too LATE!

  • Bob DD

    *****DUMP OBAMACARE, AND OBAMA!*****

  • Gary

    A free lunch is only free to the person getting the free lunch. Your insurance will be cheaper if you qualify if you don't your taxes will double.

  • TaterSalad

    Guess who is tied to the Obamacare website that received $643 Million dollars to build a failed website? - http://yourtubenews.ning.com/forum/topic/show?id=3181219:Topic:626628