Monday, May 25, 2009

Obama Says We Ran Out of Money

While national security has gone haywire between Pelosi lying about waterboarding to North Korea testing a nuclear bomb, Barack Hussein Obama went on C-SPAN and confidently told the American people “We are out of money.”

At the C-SPAN interview Obama said,

“Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.

So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.

Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything . . . “



This annoys me to no end. We are out of money and Obama says it’s not caused by any decisions he made on health care. Well, I’m glad for that. If it was true, we would be in a bigger mess. Obamas long term goals to solve Medicare and Medicaid is a smoke screen. No president was able to fix it and this president will fail too. I’m glad to see Obama admits there are problems in healthcare and the need to fix it is dire. Instead of spending our money wisely, Obama intends to fix healthcare by rationing services via nationalizing the industry. The Obama economy is unsustainable. He has already wasted billions of dollars of our money to bail out the auto industry, which is going into bankruptcy. This truly shows the experience of Barack Obama. I don’t need a celebrity messiah-like rock star. I need a president who can lead.