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With health bill, Obama has sown the seeds of a budget crisis

With health bill, Obama has sown the seeds of a budget crisis
By Robert J. Samuelson
Monday, March 29, 2010; A19

http://tinyurl.com/yljyofm

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When historians recount the momentous events of recent weeks, they will note a curious coincidence. On March 15, Moody's Investors Service -- the bond rating agency -- published a paper warning that the exploding U.S. government debt could cause a downgrade of Treasury bonds. Just six days later, the House of Representatives passed President Obama's health-care legislation costing $900 billion or so over a decade and worsening an already-bleak budget outlook.

Should the United States someday suffer a budget crisis, it will be hard not to conclude that Obama and his allies sowed the seeds, because they ignored conspicuous warnings. A further irony will not escape historians. For two years, Obama and members of


Added: Mar-29-2010 Occurred On: Mar-29-2010
By: vicsemprini
In:
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Tags: Obama, health care reform, big government, budget deficits, government spending, fiscal crisis, irresponsible spending, national debt
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  • Liberals have always been about tax and spend. BHO has simply upped the ante manyfold.

    However, every analyst and economist with a name is saying that BHO is writing checks the American people cannot hope to cash.

    The truth will soon become self-evident and the groundswell of opposition will become a shitstorm. And the deluge will drown BHO, his administration and the Congress that allowed it to happen.

    Then, hopefully, Americans will vote someone in office that is actually interested More..

    Posted Mar-29-2010 By 

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    • Your assuming the economy and debt hasn't already passed the point of no return. Personally I don't see any party being able to stop/control the coming debt, $700 billion stimulated bubble pop and shitstorm that follows.

      Posted Mar-29-2010 By 

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    • as opposed to the republicans the party of tax cuts for the wealthy and spend . You don't get it and never will .

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    • Oh, my. I'm in the presence of genious. Yeah right. The shitstorm is comming, steady yourself.

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  • Deja vu all over again. Sounds an awful lot like what they were saying about Medicare back '65. Medicare would lead to the downfall of American freedom and bankrupt us.

    Posted Mar-29-2010 By 

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