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.