Dirty secret No. 4 in Obamacare
Dirty secret No. 4 in Obamacare
Flying under the radar this past week was a new government report that forecasts that the national debt will double over the next decade. The White House has projected a cumulative $9 trillion deficit between 2010 and 2019, while the Congressional Budget Office estimates a more optimistic $7.1 trillion, based upon the expiration of Bush tax cuts. What this means is that Washington’s out-of-control spending likely will turn the nation’s already-staggering $11 trillion in debt into an astronomical $20 trillion. But there are at least two ginormous expenses that are excluded in these projections. First, the projections from both the White House and CBO incorporate their belief that the deficit will decline quickly over the next three years, as they assume fewer bailouts are needed and the economy will grow rapidly. But isn’t there also the real possibility that the economy will not recover as quickly as they hope? Every additional bailout or stimulus (large or small) and every margin of error in their three-year prospective climb out of the economic pit will inflate our nation’s debt balloon even more. The second expense is far less speculative — and it has to do with about a fourth of America.
The 72 million baby boomers (people born in America from 1946 to 1964), members of the largest generation America has produced, are going into retirement over the next two decades and will face the golden years of declining health and rising medical costs. Under current law, if the government were to add the projected baby boomer costs of Medicare and Social Security to its debt tab, it would send deficit projections into the abyss. Here’s the primary problem. Medicare is bankrupt. Medicaid is bankrupt. And Social Security is bankrupt. Though boomers have paid into these programs viatheir taxes for decades, there are not enough benefits to offer themnow — and even less in the future. The problem is compounded when oneunderstands that the number of people in the United States who are 65or older is expected to double by 2030, and so is the amount expectedto fund their retirement and health care in their twilight years, whichrelatively few are prepared to handle themselves. So what isthe US government to do, especially when it already is projected tohave $20 trillion worth of debt in 2019? (Let alone what it will be in2030!) That reform is needed in health care is not a question, mostlybecause Americans are being raped by the insurance companies. ButObamacare in its present form is not the answer, because itprogressively would cut (yes, cut) the care for baby boomers in thefuture, if not through the reductions and costs of private options thenthrough the mandatory benefit cuts the government would have to make inSocial Security and Obamacare (formerly Medicare). Think about it. Ifgovernment can’t handle the costs of the elderly now in retirement viaits Medicare and Social Security programs, do we really expect theywill offer the baby boomers better (and more costly) benefits in thefuture? According to a CBO report called “Baby Boomers’ RetirementProspects”: “Present trends are unlikely to persist indefinitely,however, because total payments to retirees are expected to grow muchfaster under current law than either the total incomes of workers whopay Social Security and Medicare taxes or the revenues earmarked forthose programs. That widening gap will place increasing stress on bothprograms. Narrowing the gap could involve slowing the future growth ofbenefits.” Notice the words “under current law” and “slowingthe future growth of benefits”? That is key. The only way around thisfuture financial dilemma (according to this administration, at least)is to change “current law” and to “slow” or lower the benefits for babyboomers. That new law (or basic legislation upon which such changes canbe amended) is Obamacare. Look closely at the politicalprescription from the CBO’s same boomer report: “The extent to whichbaby boomers are providing for their own retirement — and have time to react to policy changes [emphasisadded] — is thus an important consideration in evaluating proposals toreform the Social Security and Medicare programs.” The onlyway the boomers will “have time to react to policy changes” is if theyare enacted before they go into retirement! (Are you catching anotherreason for the White House’s rush to pass this legislation?!) This isdirty secret No. 4 in Obamacare that our government isn’t telling you:Obamacare ultimately is designed to force retiring baby boomers into amuch cheaper version of socialized medicine than Medicare, whichalready is being positioned to be cut to the tune of $500 billion.Obamacare is not merely about reforming health care to aid 47 millionAmericans who are uninsured. It is about reforming “current law” to ax72 million retiring Americans, whom the government can’t afford tosupport over the next two decades.
Copyright 2009 Chuck Norris Distributed by Creators.Com