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Obamacare will “wipe out the American economy”

Donald Borsch Jr. Posted by on Mar 18th, 2010 and filed under Contributors, Donald Borsch Jr., Economy, Feature, Heath Care. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

From the wonderful blog Musings of a Vast Right-Winger comes this newsworthy bit of insight.   Just another reason to fear for our Nation’s future.

Please to enjoy, and Long Live the Republic.  Blog entry follows-

Thursday, March 18, 2010

WH says Obamacare is just like Mass.health plan;Mass.Former Dem. Treasurer says it will”Wipe out the American Economy.”

The article below is from The Washington Examiner.
It seems David Nimrod (Axlerod) is not very bright.
Comparing Obama Care to Massachusetts health care.
The socialist program in Massachusetts mandatory health care.
It is bankrupting Massachusetts.
The Obama bill will pass then the US economy will fail.

This weekend, David Axelrod, the president’s top political advisor went on television and defended Democrats health care reform efforts by favorably comparing it to the state health care plan in Massachusetts:

“Senator [Scott] Brown [R-Mass.] comes from a state that has a healthcare plan that’s similar to the one we’re trying to enact here,” Axelrod said on ABC’s “This Week”. “We’re just trying to give the rest of America the same opportunities that the people of Massachusetts have.”
By “the same opportunities that the people of Massachusetts have” I hope Axelrod isn’t referring to premiums growing 21 to 46 percent faster than the national average or per capita health spending increasing faster than the national average in seven of the last eight years.

And what’s the (formerly) Democratic state treasurer of Massachusetts have to say about all of this? Oh:
The Massachusetts treasurer said Tuesday that Congress will “threaten to wipe out the American economy within four years” if it adopts a health care overhaul modeled after the Bay State’s.Treasurer Timothy Cahill — a former Democrat running as an independent for governor — said the local plan enacted in 2006 has succeeded only because of huge subsidies and favorable regulatory changes from the federal government.

He asked, “Who, exactly, is going to bail out the federal government if this plan goes national?”Cahill made his remarks after Gov. Deval Patrick, a Democrat, accused him and Republican gubernatorial candidate Charles Baker of being silent amid the state and national health care debates.

Cahill cited quotations in which he has called for the state to abandon its plan, and for the federal government not to match it.He also gave reporters a copy of a recent state ledger sheet, showing the state’s Medicaid program ballooning from $7.5 billion to a projected $9.2 billion since the plan was adopted. Meanwhile, of the 407,000 newly insured, only 32 percent paid for private insurance wholly by themselves.

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