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Obama Year One: Betrayal and Failure (Part II)

By       Message Stephen Lendman     Permalink
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Obama Year One: Betrayal and Failure (Part II) - by Stephen Lendman


Part II concludes an account of Obama's betrayal, not promised change.


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Obamacare Plans to Ration Healthcare and Enrich Big Providers


After House passage in November, the Senate is now about to pass a stealth scheme to ration care and enrich insurers, the drug cartel, and large hospital chains, the way Washington always works.

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It plans market-based solutions, featuring cost-containing measures, mostly affecting working Americans, the poor, elderly, and chronically ill to make a dysfunctional system worse, under the guise of reform, the most dangerous and deceptive word in the language to take cover from when announced.


Besides enriching providers, Obamacare will force millions to pay more, get less, with millions still uninsured and left out. Employers will be able to opt out of providing coverage, but since insurance for most will be mandated, those without it will have to buy it or face hundreds of dollars in penalties, whether or not they can afford it. Even with a public option, looking less likely, insurers will get to skim off the cream, charge what they wish, profit handsomely at low risk, and leave Washington stuck with ones industry doesn't want. For providers, it's a win-win under any version being considered.


Most disturbing are planned Medicare cuts, around $400 - $570 billion, depending on which numbers are most accurate, and these are for starters, a foot in the door if enacted, toward the long-term aim ending Medicare, then Medicaid and Social Security because, at $106 trillion in unfunded liabilities, budget constraints can't sustain them.

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The Congressional Budget Office's June 2009 "Long-Term Budget Outlook" suggests a nation in decline, eventual hyperinflation, possible bankruptcy because of a greater national debt than during the Great Depression and near-surpassing WW II. The administration's solution - end entitlements over 100 million Americans rely on, but it still may be too little, too late given an overstretched budget, a weakening dollar, and foreign investors looking for safer returns on their capital, so are less willing to fund Washington's excesses.


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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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