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Rep. Paul Ryan Eviscerates the Obamacare Fiscal House of Cards

As the US House prepares to repeal Obamacare today, Paul Ryan reminded us yesterday just how dishonest democrats were in passing this monumental piece of legislation.

If you want to understand the actual cost of the Obamacare no one explains it better than Rep. Paul Ryan (R-WI).
Democrats claim the bill will cut the deficit by using phony accounting tricks.
Paul Ryan explains how Obamacare is the largest tax increase in US history.
This government overhaul, intrudes in the doctor-patient relationship, and increases total spending by $2.6 trillion. It then raises taxes by more than a half-trillion dollars over the next 10 years—the largest tax increase in American history—and cuts more than a half-trillion dollars from Medicare to finance this new entitlement. All told, this legislation will dramatically add to the already unsustainable rate of government spending growth that will overwhelm the Federal budget and sacrifice the Nation’s prosperity.

And the impact for individuals and families is just as severe. According to the Congressional Budget Office (CBO), premiums in the individual market would rise from 10% to 13% for families. Our debt and deficit crisis—driven by $76 trillion in unfunded liabilities—would accelerate from the creation of a brand new entitlement and an increase in the federal deficit by $662 billion, when the true costs are factored in.

The passion against this intrusion goes beyond the mind-numbing numbers. Health care affects each of us in an intimate and personal way. The American people’s engagement is driven by our deep aversion to the federal government’s unprecedented reach into our lives. The entire architecture of this overhaul is designed, unapologetically, to give the government greater control over what kind of insurance is available, how much health care is enough and which treatments are worth paying for.

Meanwhile… A majority of states now have joined in a lawsuit challenging the unpopular Obamacare bill.

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Added: Jan-19-2011 Occurred On: Jan-19-2011
By: star53
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Tags: Rep. Paul Ryan, Obamacare
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