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Re: Massive $17 Trillion Hole Found In Obamacare 

By: ribit in ROUND | Recommend this post (2)
Sat, 31 Mar 12 7:21 PM | 40 view(s)
Boardmark this board | De's Test Board 		Msg. 40134 of 45510
(This msg. is a reply to 40128 by capt_nemo)
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captain
...there is of course the question of the total constitutionality of the law which is before the courts now, but if I was a lawyer and if it was found to be constitutional, I would be standing in the wings with a lawsuit challenging the "exemptions" obama has issued. Seems to me that a law passed by the house and the senate and signed by the president is a law for all the people and that exceptions / exemptions should have to be passed by house and senate as well. If it isn't good for everybody, it isn't good for anybody.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Massive $17 Trillion Hole Found In Obamacare
By: capt_nemo in ROUND
Sat, 31 Mar 12 8:19 AM 		Msg. 40128 of 45510

Submitted by Tyler Durden on 03/30/2012 22:47 -0400

Funding Gap
Gross Domestic Product
Japan
Medicare
Morgan Stanley
Obamacare
Yen

Two years ago, when introducing then promptly enacting Obamacare, the president stated that healthcare law reform would not cost a penny over $1 trillion ($900 billion to be precise), and that it would not add ‘one dime’ to the debt. It appears that this estimate may have been slightly optimistic… by a factor of 1700%. Because coincident with the recent Supreme Court debacle, in which a constitutional law president may be about to find that his magnum opus law is, in fact, unconstitutional, someone actually read the whole thing cover to cover, instead of merely relying on the CBO’s, pardon Morgan Stanley and Goldman Sachs’, funding estimates. That someone is Republican Jeff Sessions who after actually running the numbers has uncovered that the true long-term funding gap is a mind-boggling $17 trillion, just a tad more than the original sub $1 trillion forecast. This latest revelation means that total underfunded US welfare liabilities: Medicare, Medicaid and social security now amount to $99 trillion! Add to this total US debt which in 2 months will be $16 trillion, and one can see why Japan, which is about to breach 1 quadrillion in total debt (yen, but who's counting), may want to start looking in the rearview mirror for up and comer competitors. And while Obama may have been taking creative license with a number that is greater than total US GDP, he was most certainly correct when saying that Obamacare would not add a penny to US debt. Because the second the US government comes to market to fund a true total debt/GDP ratio of 750%, it is game over, and the Fed will have its hands full selling Treasury puts every waking nanosecond to have any time left for the daily 3pm stock market ramp.

What is it that brought about this discovery of some inverse cash under the rug? The Daily Caller explains.

http://www.zerohedge.com/news/massive-17-trillion-hole-found-obamacare?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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