This video provides 12 reasons in less than 7 minutes.
Obamacare Will Be a Budget Buster
November 10, 2009 by Dan Mitchell
Posted in Big Government, CBO, Center for Freedom and Prosperity, Economics, Fiscal Policy, Government Spending, Health Care, Health Reform, Obama, Pelosi, Spending, Video | Tagged Big Government, Health Reform, Healthcare, Obama, Pelosi, Video | 119 Comments
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[...] taxes tomorrow. You can draw your own conclusions, but keep in mind that CBO is now making the absurd claim that a giant new healthcare entitlement will reduce budget [...]
[...] of a terrible trend, not a profound paradigm shift. Yes, it is very bad news. Yes, it will cost more than politicians claimed. Yes, it will reduce the quality of care. All those things are true, but we [...]
[...] taxes tomorrow. You can draw your own conclusions, but keep in mind that CBO is now making the absurd claim that a giant new healthcare entitlement will reduce budget [...]
[...] to government somehow would create jobs. CBO also was a disaster on Obamacare, claiming that a giant new entitlement program would reduce budget deficits. And the legislative bureaucracy even has argued that higher tax rates boost [...]
[...] to government somehow would create jobs. CBO also was a disaster on Obamacare, claiming that a giant new entitlement program would reduce budget deficits. And the legislative bureaucracy even has argued that higher tax rates boost [...]
[...] to government somehow would create jobs. CBO also was a disaster on Obamacare, claiming that a giant new entitlement program would reduce budget deficits. And the legislative bureaucracy even has argued that higher tax rates boost [...]
[...] to government somehow would create jobs. CBO also was a disaster on Obamacare, claiming that a giant new entitlement program would reduce budget deficits. And the legislative bureaucracy even has argued that higher tax rates boost [...]
[...] since people from this Administration routinely say preposterous things (such as claiming that a giant new entitlement program will reduce red ink and asserting that nobody’s taxes have been [...]
[...] since people from this Administration routinely say preposterous things (such as claiming that a giant new entitlement program will reduce red ink and asserting that nobody’s taxes have been [...]
[...] not be any major initiatives to expand the burden of government, like the failed stimulus or the budget busting government-run healthcare scheme, but it certainly does not seem like there are any plans to reverse [...]
[...] not be any major initiatives to expand the burden of government, like the failed stimulus or the budget busting government-run healthcare scheme, but it certainly does not seem like there are any plans to reverse [...]
[...] not be any major initiatives to expand the burden of government, like the failed stimulus or the budget busting government-run healthcare scheme, but it certainly does not seem like there are any plans to reverse [...]
[...] not be any major initiatives to expand the burden of government, like the failed stimulus or the budget busting government-run healthcare scheme, but it certainly does not seem like there are any plans to reverse [...]
[...] not be any major initiatives to expand the burden of government, like the failed stimulus or the budget busting government-run healthcare scheme, but it certainly does not seem like there are any plans to reverse [...]
[...] not be any major initiatives to expand the burden of government, like the failed stimulus or the budget busting government-run healthcare scheme, but it certainly does not seem like there are any plans to reverse [...]
[...] not be any major initiatives to expand thee burden of government, love thee failed stimulus or thee budget busting government-run healthcare scheme, but certainly does not seem love there are any plans to reverse [...]
[...] good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does [...]
[...] The good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does nothing [...]
[...] good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does [...]
[...] since people from this Administration routinely say preposterous things (such as claiming that a giant new entitlement program will reduce red ink and asserting that nobody’s taxes have been [...]
[...] not be any major initiatives to expand the burden of government, like the failed stimulus or the budget busting government-run healthcare scheme, but it certainly does not seem like there are any plans to reverse [...]
[...] The good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does nothing [...]
[...] couple of years have featured budget busting proposals such as the so-called stimulus scheme and a government-run healthcare [...]
[...] with faint praise. The absence of big initiatives such as the so-called stimulus scheme or a government-run healthcare plan simply means that there's no major new proposal to accelerate America's fiscal [...]
[...] couple of years have featured budget busting proposals such as the so-called stimulus scheme and a government-run healthcare [...]
[...] And because I like to brag when I get something right (to be fair, everyone knew the CBO numbers were dishonest and wrong, so I wasn’t exactly making a brilliant observation), I invite people to re-watch my video explaining how the politicians and their minions were lying to us. [...]
[...] And because I like to brag when I get something right (to be fair, everyone knew the CBO numbers were dishonest and wrong, so I wasn’t exactly making a brilliant observation), I invite people to re-watch my video explaining how the politicians and their minions were lying to us. [...]
[...] July 18, 2011 by Dan Mitchell The Beacon Hill Institute in Massachusetts has just released a very good – but very depressing study. The research finds that costs have jumped under Romneycare, but that’s not surprising. After all, politicians always underestimate the cost of new entitlements. [...]
[...] The good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does nothing [...]
[...] He pontificates about debt, but he voted for the fake stimulus and budget-busting Obamacare legislation. [...]
[...] He pontificates about debt, but he voted for the fake stimulus and budget-busting Obamacare legislation. [...]
[...] Indeed, CBO’s failure to recognize that new programs will lure people into greater dependency is one of the biggest reasons that the bureaucracy routinely under-estimates the cost of new programs. This is a point I stressed in my video explaining why Obamacare will be far more costly than CBO predicted. [...]
[...] the cost of new programs. This is a point I stressed in my video explaining why Obamacare will be far more costly than CBO [...]
[...] has all the gory details. The OECD bureaucrats (who get tax-free salaries, by the way) endorsed Obamacare, supported the failed stimulus, and are big advocates of a value-added tax for [...]
[...] Freedom and Prosperity study has all the gory details, revealing that OECD bureaucrats endorsed Obamacare, supported the failed stimulus, and are big advocates of a value-added tax for [...]
[...] Freedom and Prosperity study has all the gory details, revealing that OECD bureaucrats endorsed Obamacare, supported the failed stimulus, and are big advocates of a value-added tax for [...]
[...] Freedom and Prosperity study has all the gory details, revealing that OECD bureaucrats endorsed Obamacare, supported the failed stimulus, and are big advocates of a value-added tax for [...]
[...] The good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does nothing [...]
[...] all the gory details. The OECD bureaucrats (who get tax-free salaries, by the way) endorsed Obamacare, supported the failed stimulus, and are big advocates of a value-added tax for [...]
[...] my area of expertise, but I mostly agree with Alter’s assessment. For better or worse (and you know how I feel), the President put everything on the line to enact Obamacare. That was bad for the nation, but I [...]
[...] President Obama’s two biggest “achievements” since taking office are the so-called stimulus and government-run healthcare. [...]
[...] adopting Policy A or repealing Policy B is a magic elixir. And if that means adopting a flat tax or repealing Obamacare, I’ll certainly be [...]
[...] adopting Policy A or repealing Policy B is a magic elixir. And if that means adopting a flat tax or repealing Obamacare, I’ll certainly be [...]
[...] A mature and dignified person would resist the temptation to say “I told you so.” But I’m neither mature nor dignified, so here’s an encore edition of my video on the Obamacare cost estimates. [...]
[...] conclusions of the study seem quite plausible. And since I’m not a fan of Obamacare and think the law will be much more costly than advertised, I’m not shedding any tears for politicians who lost their jobs after voting for the new [...]
FYI
[...] A bloated healthcare bill adding hundreds of billions of new taxes and hundreds of billions of new spending. [...]
[...] A bloated healthcare bill adding hundreds of billions of new taxes and hundreds of billions of new spending. [...]
[...] The good news is that there’s no major initiative such as the so-called stimulus scheme or the government-run healthcare proposal. The bad news, though, is that government is far too big and Obama’s budget does nothing [...]
[...] Sadly (but predictably), the politicians in Washington ignored Veronique’s sage advice. The burden of government has expanded since that video was released, including the adoption of costly Obamacare legislation. [...]
[...] Adding injury to injury, the so-called stimulus didn’t work. And the authors are right about the looming fiscal nightmare of Obamacare. [...]
[...] Many of us know that Obamacare will be very expensive and that supporters, aided and abetted by the Congressional Budget Office, deliberately low-balled the cost estimates. [...]
[...] Many of us know that Obamacare will be very expensive and that supporters, aided and abetted by the Congressional Budget Office, deliberately low-balled the cost estimates. [...]
[...] for many good reasons, including increased uncertainty, the negative impact on job creation, rising levels of red ink, and generational [...]
[...] narrated a video on the fiscal nightmare of Obamacare and written several times about the serious problem of government-caused third-party payer – [...]
[...] via Dan Mitchell [...]
[...] My video on Obamacare, for instance, completely focused on how the legislation would expand the burden of government. The mandate is a bad idea, without question, but it’s also a big mistake to impose more spending and taxes when government already is far too big. [...]
[...] genesis of Obamacare, but I’m a fiscal policy wonk, so I want to remind everyone that this new entitlement will be a budget buster. Rate this:Share this:PrintEmailFacebookTwitterMoredeliciousDiggFarkLinkedInRedditStumbleUponLike [...]
[...] P.P.S. This is a post about the unseemly genesis of Obamacare, but I’m a fiscal policy wonk, so I want to remind everyone that this new entitlement will be a budget buster. [...]
[...] not sure whether this is a post about America’s dismal future if Obamacare is allowed to take root or whether this is a post about bureaucrats ripping off [...]
[...] not sure whether this is a post about America’s dismal future if Obamacare is allowed to take root or whether this is a post about bureaucrats ripping off [...]
[...] But the cartoonists have come out with a lot of good material, so let’s enjoy this new material. After all, we deserve a few laughs before we deal with the pain of more spending and higher taxes. [...]
[...] not sure whether this is a post about America’s dismal future if Obamacare is allowed to take root or whether this is a post about bureaucrats ripping off [...]
[...] not sure whether this is a post about America’s dismal future if Obamacare is allowed to take root or whether this is a post about bureaucrats ripping off [...]
[...] not sure whether this is a post about America’s dismal future if Obamacare is allowed to take root or whether this is a post about bureaucrats ripping off [...]
[...] not sure whether this is a post about America’s dismal future if Obamacare is allowed to take root or whether this is a post about bureaucrats ripping off [...]
[...] not sure whether this is a post about America’s dismal future if Obamacare is allowed to take root or whether this is a post about bureaucrats ripping off [...]
[...] the threat of higher taxes in 2013 (when the 2001 and 2003 tax cuts are scheduled to expire), the costly impact of Obamacare, and the harsh regulatory environment. This cartoon shows, in an amusing fashion, the impact of [...]
[...] the threat of higher taxes in 2013 (when the 2001 and 2003 tax cuts are scheduled to expire), the costly impact of Obamacare, and the harsh regulatory environment. This cartoon shows, in an amusing fashion, the effect these [...]
[...] the threat of higher taxes in 2013 (when the 2001 and 2003 tax cuts are scheduled to expire), the costly impact of Obamacare, and the harsh regulatory environment. This cartoon shows, in an amusing fashion, the effect these [...]
[...] the threat of higher taxes in 2013 (when the 2001 and 2003 tax cuts are scheduled to expire), the costly impact of Obamacare, and the harsh regulatory environment. This cartoon shows, in an amusing fashion, the impact of [...]
[...] Many of us know that Obamacare will be very expensive and that supporters, aided and abetted by the Congressional Budget Office, deliberately low-balled the cost estimates. [...]
[...] actually understates the indictment against Obama. There is no mention, for instance, about all the new spending for Obamacare that will begin to take effect over the next few [...]
[...] actually understates the indictment against Obama. There is no mention, for instance, about all the new spending for Obamacare that will begin to take effect over the next few [...]
[...] bad. Now that the Supreme Court has failed in its job, Congress would have to enact a law to repeal Obamacare. Laws also would need to be changed to reform entitlements, or adopt a flat [...]
[...] bad. Now that the Supreme Court has failed in its job, Congress would have to enact a law to repeal Obamacare. Laws also would need to be changed to reform entitlements, or adopt a flat [...]
[...] Romney actually cared about taxpayers and the economy, he would promise to repeal the costly Obamacare program and then build upon that small first step with a commitment to reform the other unaffordable [...]
[...] I’ve certainly complained about Obamacare from a fiscal perspective, warning that it means higher taxes and more spending. [...]
[...] I’ve certainly complained about Obamacare from a fiscal perspective, warning that it means higher taxes and more spending. [...]
[...] I’ve certainly complained about Obamacare from a fiscal perspective, warning that it means higher taxes and more spending. [...]
[...] If Mitt Romney wins and decides to only make cosmetic changes to Obamacare, would most Republicans rebel and push to fully repeal the costly legislation? [...]
Our Monetarily Sovereign federal government easily could provide health care insurance to every man, woman and child in America. Instead, our politicians, at the behest of the ruling class, tell the 99% their own benefits must be reduced. Our Monetarily Sovereign government easily could support every retired person in America, without FICA. Instead, our politicians, at the behest of the ruling class, tell the 99% such support would cause inflation, bankrupt the system, and be “unsustainable” (a favorite word of the rulers).
The power of the people begins with population. The ruling class is few in number. In a democracy, the power of the people comes is expressed with the ballot. But that power can be subverted by misinformation, a tactic the 1% have used for millennia.
Because of previous brainwashing, many people initially resist anything that counters the propaganda of the ruling class (as delivered by the politicians and the media.).
So we continue to pound away at the facts: The U.S. government never can run short of dollars, never can go bankrupt. The government can pay for Social Security and Medicare for everyone. FICA is harmful, unnecessary and saps the strength of the middle- and lower-classes. Federal taxes take dollars from the economy, do not support the government and should be reduced.. Federal deficits are necessary to grow the economy. Inflation easily can be controlled, even with massive, deficit spending.
[...] On the other hand, subsequent presidents did create that massive entitlement state and Obama added another straw to the camel’s back with Obamacare. [...]
[...] On the other hand, subsequent presidents did create that massive entitlement state and Obama added another straw to the camel’s back with Obamacare. [...]
[...] Keep in mind, by the way, that the Liverpool Care Pathway is sort of akin to the IPAB “death panel” in Obamacare. [...]
[...] Keep in mind, by the way, that the Liverpool Care Pathway is sort of akin to the IPAB “death panel” in Obamacare. [...]
[...] give President Obama credit for chutzpah. He pushed through a faux stimulus in his first year and Obamacare in his second year, both of which significantly increased the burden of government [...]
[...] And that’s also an issue with Obamacare. When push comes to shove, I strongly suspect the politically well connected somehow will avoid any of the headaches that are bound to result from that costly legislation. [...]
[...] Let’s start with an image of Nancy Pelosi hearing the horrifying news that she’s going to be subjected to Obamacare. [...]
[...] The election was not a mandate for Obamacare or the faux stimulus. The President spent almost no time bragging about the two biggest [...]
[...] bad. Now that the Supreme Court has failed in its job, Congress would have to enact a law to repeal Obamacare. Laws also would need to be changed to reform entitlements, or adopt a flat [...]
[...] anemic performance during that time, largely because his agenda of faux stimulus and Obamacare exacerbated the statist policies of Bush. In other words, he promised “hope” and [...]
[...] part in the final frame about the fiscal cost of Obamacare is a nasty touch, but sadly [...]
[...] The election was not a mandate for Obamacare or the faux stimulus. The President spent almost no time bragging about the two biggest [...]
[...] Obama has imposed a class-warfare tax hike, pushed through Obamacare, and squandered $billions on a faux stimulus (perfectly captured by this cartoon). But that’s [...]
[...] particularly if the alternative is the kind of damaging legislation such as the faux stimulus and Obamacare that we got in the President’s first two [...]
[...] actually understates the indictment against Obama. There is no mention, for instance, about all the new spending for Obamacare that will begin to take effect over the next few [...]
[...] Congress is a very good thing if the only other option is to pass monstrosities such as Obamacare and Keynesian spending [...]
[...] What I’m pointing out is that we should repeal laws such as Obamacare that promote cronyism and [...]
[...] It’s also good news that the Ryan Budget calls for structural reform of entitlement programs, including Medicaid block grants and Medicare premium support. The budget also assumes the repeal of the costly Obamacare program. [...]
[...] But the cartoonists have come out with a lot of good material, so let’s enjoy this new material. After all, we deserve a few laughs before we deal with the pain of more spending and higher taxes. [...]
[...] And this Ken Catalino cartoon sort of makes the same point, but focusing specifically on the fiscal boondoggle known as Obamacare. [...]
[...] And this Ken Catalino cartoon sort of makes the same point, but focusing specifically on the fiscal boondoggle known as Obamacare. [...]
[...] Indeed, this is a good opportunity to share my video explaining why Obamacare will be a budget buster. [...]
[...] Indeed, this is a good opportunity to share my video explaining why Obamacare will be a budget buster. [...]
[...] If you somehow think Obamacare might be different, watch this video. [...]
[...] If you somehow think Obamacare might be different, watch this video. [...]
[...] Our first contribution is from Senator Ted Cruz. He takes a jab at President Obama for the budget-busting Obamacare legislation. [...]
[...] If you somehow think Obamacare might be different, watch this video. [...]
[...] If you somehow think Obamacare might be different, watch this video. [...]
[...] If you somehow think Obamacare might be different, watch this video. [...]
[...] also notes that the plan doesn’t do anything about the fiscal disaster of Obamacare and that it also exacerbates the tax code’s punitive bias by increasing double taxation of [...]
[...] is a fiscal disaster and a healthcare disaster. Our best bet to get the law repealed is to make sure the politicians and [...]
[...] is a fiscal disaster and a healthcare disaster. Our best bet to get the law repealed is to make sure the politicians [...]
[...] is a fiscal disaster and a healthcare disaster. Our best bet to get the law repealed is to make sure the politicians and [...]
[...] Five Justices on the Supreme Court basically said the Constitution didn’t limit the federal government, even though that’s exactly what our Founding Fathers were trying to do when they put together the document! And they gave the green light to a costly expansion of the welfare state. [...]
[...] Five Justices on the Supreme Court basically said the Constitution didn’t limit the federal government, even though that’s exactly what our Founding Fathers were trying to do when they put together the document! And they gave the green light to a costly expansion of the welfare state. [...]
[…] manages to weave together both the costly Obamacare boondoggle with the reprehensible politicization of the […]
[…] manages to weave together both the costly Obamacare boondoggle with the reprehensible politicization of the […]