Friday, March 30, 2012

Obama Care Creates another $17 Trillion in Unfunded Obligations

Obama’s Health Care Reform is more expensive,
The New Senate Budget Committee estimates much more comprehensive,
“Unfunded obligations” were $65 trillion,
Now they are $83 trillion,
Every taxpayer should be very apprehensive!

Written by James Apple, March 2012

Proverbs 22:7 (ESV)
“The rich rules over the poor, and the borrower is the slave of the lender.”

“A national debt, if it is not excessive, will be to us a national blessing.”
Alexander Hamilton (1755 - 1804)



Before the passage of Obamacare, the Senate Budget Committee estimated “unfunded obligations” to be around $65 trillion. These estimates now drastically changed to $82 trillion dollars. These totals are now added to the government's existing obligations to Social Security, Medicare, and Medicaid. This is seven times the United States annual gross domestic product.

Senator Sessions said this on Thursday, “It’s money we don’t have, but money we’re committed to spend,” “it must be removed from the books.” “It is this kind of long-term, unfunded obligation that has placed this nation’s financial situation at such great risk,” “We don’t have the money. We don’t have another $17 trillion in unfunded liabilities that we can add to our account. We have to reduce the ones that we have.”

Watch Senator Sessions discuss the massive discovery:
http://www.youtube.com/watch?feature=player_embedded&v=ZoFsaVkL6HM

President Obama’s OMB director said this in 2009, “To my fellow budget hawks in this room and in the rest of the country, let me be very clear: health care reform is entitlement reform. The path to fiscal responsibility must run directly through health care.”

My view:
If this is not overturned by the Supreme Court, We as the nation we know it, is doomed! Do you agree?

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