“The president said that the costs of Medicare and Medicaid are on an “unsustainable” trajectory and if there is no action taken to bring them down, “the federal government will go bankrupt.”
This is almost the most idiotic thing that I’ve ever heard a President say. First, if you haven’t noticed, we are a debtor nation. We stay afloat by borrowing money. If China ever gets scared that we might bankrupt their debt, our supply of credit is history, and the country would be in dire straights. A CEO of a major corporation would know better than to use the “we might go bankrupt” on public T.V. Heck, even a first-time borrowing entering hat in hand into the loan officer’s cubby should know better than to usher the B word. “Sorry, son, no loan for you.”
Second, the gall of this inexperienced, never had a real job, B+ President is overwhelming. Medicare and Medicaide are already crippling our budget. If you haven’t noticed, they are government run health insurance programs. So his solution? To increase the number of other persons who are insured under government health insurance. And to browbeat Republicans with the B word.
The Republicans are trying to hold costs down. The way to avoid bankruptcy is to keep costs down. It is ironic that the Democrat plan which will lead to ever spiralling higher costs and which will lead to bankruptcy is promoted by claiming that it won’t lead to higher costs, and by the notion that if we don’t pass it, we will go bankrupt. Up is down, in is out, and you can insure “43 million” uninsureds–or whatever the figure liberals bandy about lately–without increasing government spending.