Congressional Democrats are using several budget gimmicks to disguise the cost of their health care overhaul, claiming the House and Senate bills would cost only (!) about $1 trillion over 10 years. Now that critics have begun to correct for those budget gimmicks, supporters of ObamaCare are firing back.
[…]When we correct for both gimmicks, counting both on- and off-budget costs over the first 10 years of implementation, the total cost of ObamaCare reaches — I’m so sorry about this — $6.25 trillion. That’s not a precise estimate. It’s just far closer to the truth than President Obama and congressional Democrats want the debate to be.
The problem with the left is that they think that the producers will just keep producing in the face of massive tax hikes and government spending. Sorry, but producers curtail their producing when they get to keep less and less of the fruits of their labor. Dalton McGuinty, the Liberal premier of the province of Ontario, is a prime example of this ignorance of incentives.
Falling revenues and a burgeoning $24.7-billion deficit will force Ontario’s Liberal government into a new era of fiscal restraint, provincial Finance Minister Dwight Duncan said yesterday.
[…]According to economic figures released yesterday, Ontario is spending $4.8-billion more this year than it predicted just seven months ago. The increased spending includes $4-billion in auto-sector assistance and an additional $650-million to fund the province’s H1N1 response. Program spending has also risen by $812-million.
Tax revenues, meanwhile, are falling dramatically. They now stand at $5.8-billion less than the government predicted in last spring’s budget. Corporate taxes are $2.65-billion — or nearly one-third — lower than projections, while personal income tax is down $2.43-billion, or 10%.
[…]Conservatives, who have watched as the Liberals raised spending by nearly 60% over their first six years in office, were skeptical about the new pledge of austerity.”Dalton McGuinty is hard-wired to increase your taxes and increase spending,” Conservative leader Tim Hudak said. “The reality is, the only way to get spending under control is to change government.”
[…]One analyst said the province’s massive deficit is heightened by the growing size of Ontario’s health-care sector, expected to account for half the budget by 2015.
Earlier this week I blogged about the Federal Conservative Party of Canada, which gained two seats in the 2009 by-elections, bringing them to 145/308 in the House of Commons. They need 155 to have a majority.
Watch the video of her appearance on Sean Hannity. (High Quality)
(Click to see it even larger over on YouTube)
Michele and Sean talk over the health care bill.
Topics:
Taxpayer-funded abortion
Government-run health insurance
Higher taxes
Death panels
500 billion dollars of Medicare cuts
And they talk about page 92, which clearly states that individuals will NOT be allowed to purchase private health care plans after a certain date. This is socialized medicine: single-payer, higher taxes, waiting lists, rationing and death panels.
Here she is on the floor of the House of Representatives struggling mightily for your liberty.
God bless her!
Podacast with Michele Bachmann
Here’s a recent podcast with Michele from the Minneapolis-St. Paul-based “Northern Alliance Radio Show”. The interview starts at 14:30.
WINTERY KNIGHT 