SEARCH BLOG: HEALTH CARE
As Rep. Nancy Pelosi indicate, we can now find out what is inside the Health Care "re-form" legislation. As CNNMoney.com reports:
Obama's health care reform: VAT or Sinkhole?Your are covered, you are covered, you are covered... now, hand over all your money and jewelry....
By Shawn Tully, senior editor at large
(Fortune) -- In President Obama's 2011 budget, a kind of fiscal "cigarette warning" appears in a box on page 146 under a table displaying a future of big deficits and mounting debt. The Administration, the warning declares, is creating a "Fiscal Commission" to "achieve sustainability over the long-run."
With those bland words, the Administration is acknowledging that the immense weight of the national debt poses a dire threat to the economy, unless America takes radical action. Yet with the signing of the $931 billion healthcare overhaul, fixing future budget problems becomes far more difficult. The reform will immensely swell the amount of federal borrowing, even while the Administration touts the bill as a model of fiscal responsibility.