Thursday, October 10, 2013

The Obamacare scam

Michael Rivero of What Really Happened gives the best explanation I’ve seen for why the government is so intent that everyone must participate in this program. They have run the country into the ground and want to force us all to pay as they vainly struggle to keep things afloat. This is a last-ditch effort – the only alternative is economic collapse.
Obama’s utter refusal to compromise or delay Obamacare is more than mere political grandstanding. Obama has to prove he can continue to make the payments on the government debt. Now, based on reports we are getting from people who did sign up for Obamacare, they are being offered policies that cost about $500 a month, and have a deductible in the tens of thousands. That means that for the vast majority of Americans, they will be paying $500 a month for insurance that will in fact pay none of their medical costs. So, $500 a month is $6000 a year times 200 million complying Americans equals $1.2 trillion a year pouring into the Health Insurance companies as pure profit, of which the US Government gets almost $200 billion in taxes (plus the IRS fines on those who refuse to sign up). And THAT is why Obama is demanding that Obamacare move forward now, despite a totally botched computer management system and despite 71% public opposition. Absent that new cash flow, the US Government will collapse, and the one-year delay proposed by the House of Representatives is far too long to survive without some new source of loot from the public.
From LRC.

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