Wow. You can’t help but to laugh at the news coming out of Washington DC these days. Because if you don’t laugh, you’ll end up crying.
In addition to the $600 billion in tax increases (that Obama promised would not happen), we now learn that the Obama administration plans to cut spending on Medicare and Medicaid!
For those who aren’t aware, Medicare covers the elderly (over 65) and the disabled, while Medicaid covers the poor and under 65.
The president suggests trimming federal payments to hospitals by about $200 billion over the next 10 years, saying greater efficiencies and broader insurance coverage will justify the change. Hospitals, especially those with many poor patients, say the proposed cuts are unfair and will harm the sick and elderly. [link]
How can Obama justify cutting spending on those two much-needed federal programs, while at the same time suggesting that 50 million Americans need insurance?
Naturally, the nation’s hospitals that treat the majority of poor, disabled, homeless and elderly Americans are not happy with Obama’s proposed changes.
And Congress into buying into Obama’s health plan either because, for one, it’s prohibitively expensive ($2.5 trillion). Some lawmakers suggest taxing the health benefits that YOU currently receive from your employer to pay for the 50 million uninsured Americans.
Last week Obama announced another $635 billion in planned tax increases, a plan that isn’t sitting too well with some members of the House.
House Republican leader John Boehner of Ohio said Medicare and Medicaid need reform, “but serious changes should not be rushed through Congress as part of a new government-run program that will raise taxes and make health care more expensive.” READ MORE…
