Sunday, February 28, 2010

Obama's Healthcare plan: "A Ponzi Scheme That Would Make Bernie Madoff Proud"

This seriously scares me if we get our country into this kind of mess. The bullet points to take away from this:

  • It uses 10 years of increasing tax revenues to pay for only 6 years of the healthcare program (RED FLAG???)
  • "It takes $52 billion in higher Social Security tax revenues and counts them as offsets. But that's really reserved for Social Security. So either we're double-counting them or we don't intend on paying those Social Security benefits."
  • "The Senate Budget Committee chairman said that this is a Ponzi scheme that would make Bernie Madoff proud... You can't say that you're using this money to either extend Medicare solvency and also offset the cost of this new program. That's double counting."


Rep. Paul Ryan Gives Barack Obama A Lesson On How To Avoid Smoke And Mirrors, Double Counting And Ponzi Schemes "That Would Make Bernie Madoff Proud" [Zero Hedge]


No comments:

Post a Comment