Democrats' Health Care "Ponzi Schemes"
Senate Moderates Call Out One Entitlement Gimmick--But What About the |
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NOVEMBER 17, 2009
"We have grave concerns that the real effect of the provisions would be to create a new federal entitlement program with large, long-term spending increases that far exceed revenues. This is especially the case if savings from the first decade of the program are spent on other health reform priorities." - Letter by seven Democratic Senators to Majority Leader Reid, October 23, 2009 While the majority may attempt to assert that Speaker Pelosi's government takeover of health care is fiscally responsible, even Democrats themselves doubt the Speaker's assertions: - In order to achieve deficit neutrality, the Pelosi bill (H.R. 3962) relies on more than $70 billion in revenue from a new program for long-term care services. As the long-term care program requires individuals to pay premiums for five years before becoming eligible for benefits, the Pelosi bill diverts this initial program revenue to finance a government takeover of health care.
- As noted above, moderate Democrats wrote to Majority Leader Reid objecting to this new entitlement's inclusion in the health care legislation he continues to write behind closed doors. Senate Budget Committee Chairman Kent Conrad (D-ND) went further, calling the program a "Ponzi scheme of the first order, the kind of thing Bernie Madoff would have been proud of."
- In the letter quoted above, Democrats opposed the concept of using revenues from the long-term care program in order to finance a government takeover of health care-as doing so would be fiscally unsustainable. By their own logic, these same Democrats should oppose using $400-500 billion in Medicare savings to create a new health care entitlement.
- Speaker Pelosi's government takeover of health care would lead to exactly the type of "large, long-term spending increases" the moderate Democrat senators most fear. The Congressional Budget Office has already confirmed that the Pelosi bill would increase the federal budgetary commitment to health care by $598 billion in its first decade alone-and by greater sums in the years following 2019.
While many may welcome moderate Democrats' fiscal rectitude with respect to the long-term care entitlement, many may similarly question why these same Democrats refuse to question the bigger "Ponzi scheme"-diverting hundreds of billions of dollars from Medicare to finance Speaker Pelosi's $1.3 trillion government takeover of health care.
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President Obama promised in his address to Congress that, "There are also those who claim that our reform effort...
September 11, 2009
President Obama promised in his address to Congress that, "There are also those who claim that our reform effort...
September 10, 2009
Transcript below: HOST: Here's what he had to say to his critics this morning. President Obama...
September 10, 2009
President Barack Obama: "Our collective failure to meet this challenge - year after year, decade after decade - has...
September 09, 2009
The Republican Conference has prepared analysis of President Obama's address to...
September 08, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following remarks today on...
September 08, 2009
· It is clear from town hall meetings held across the country that the American people are rejecting the...
September 08, 2009
BACKGROUND On July 14, 2009, the Chairmen of the three House Committees with jurisdiction over health care...
September 08, 2009
BACKGROUND On July 14, 2009, the Chairmen of the three House Committees with jurisdiction over health care...
September 08, 2009
"I'm appalled by the deal the White House has made with the pharmaceutical industry's lobbying arm to buy...
September 08, 2009
“I’m appalled by the deal the White House has made with the pharmaceutical industry’s lobbying arm to buy...
September 08, 2009
Even as the Administration continues to search for a “compromise” regarding its government takeover of health care, an examination...
September 08, 2009
Even as the Administration continues to search for a “compromise” regarding its government takeover of health care, an examination...
September 08, 2009
To view this clip, click here. Excerpts below: "Republicans are ready to work for comprehensive health...
September 08, 2009
To view this clip, click here. Excerpts below: "Republicans are ready to work for comprehensive health...
September 02, 2009
Excerpts below: JOE SCARBOROUGH: Do you think health care reform is dead? REP. PENCE: Well, I...
September 01, 2009
"I'm appalled by the deal the White House has made with the pharmaceutical industry's lobbying arm to buy their...
September 01, 2009
"I'm appalled by the deal the White House has made with the pharmaceutical industry's lobbying arm to buy their...
August 31, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following remarks on the...
August 31, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following remarks on the...
August 25, 2009
On August 25, 2009, the White House Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) each...
August 25, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today after...
August 18, 2009
Even as President Obama campaigned on a platform of change and transparency, recent dealings between the pharmaceutical industry and...
August 17, 2009
WASHINGTON, DC-U.S. Congressman Mike Pence, Chairman of the House Republican Conference, issued the following statement today regarding the six...
August 10, 2009
If you are an anti-war protestor... According to the San Francisco Chronicle, after meeting with a group of anti-war protestors,...
August 10, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, responded today, on Fox News' America's...
August 06, 2009
The House Republican Conference released a new web video today in response to a recent White House video on...
August 06, 2009
In order to assist Members, staff, and interested parties seeking to read and review the health "reform" legislation (H.R....
July 31, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today after...
July 28, 2009
Participants: - Republican Leader John Boehner (R-OH) - Republican Whip Eric Cantor (R-VA) - Republican Conference Chairman Mike Pence...
July 23, 2009
"I'm always in favor of Congress sticking around long enough to get the right thing done but if the...
July 22, 2009
"The President of the United States may 'mean it' when he says a government takeover of health care won't...
July 22, 2009
To view this clip, click here. Transcript below: [Clip of Hoyer on the House floor] ...
July 21, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement on the...
July 17, 2009
During the worst recession in a generation Democrats propose a government takeover of health care that will lead to fewer...
July 14, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today after...
July 09, 2009
"It is truly an entrepreneurial kind of system, where there is no coercion in the system. And it is...
July 08, 2009
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference appeared on FOXNEWS this...
June 23, 2009
The Republican Conference has compiled a list of important numbers relevant to the House Democrats’ 1,018-page “America’s Affordable Health...
June 22, 2009
Background On June 19, 2009, the Chairmen of the three House Committees with jurisdiction over health care legislation—Education and Labor...
June 17, 2009
This is not about process; this is about runaway federal spending.Here are the facts on spending from this...
June 04, 2009
WASHINGTON, D.C. - House Republican Leader John Boehner (R-OH) and Republican Whip Eric Cantor (R-VA), on behalf of House...
May 21, 2009
Former DNC chair's government-run insurance program is sure to backfire. Just ask his wife the doctor By Phil...
May 15, 2009
by Robert Pear, The New York Times WASHINGTON - Hospitals and insurance companies said Thursday that President Obama...
May 12, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, issued the following statement today in...
May 11, 2009
As the American people struggle to make ends meet, too many also live with the challenge of affording basic health...
May 11, 2009
"The AP findings suggest the White House raised expectations too high for the transportation spending, said a spokesman for...
May 11, 2009
When it comes to federal spending, there's a pattern emerging with President Obama, and it's not a...
May 11, 2009
President Obama's chief economics forecaster said on Sunday that the country was not likely to see positive...
May 06, 2009
*This post originally appeared on Net Right Nation. by Rep. John Shadegg (AZ)Are you ready for health care rationing? ...
May 01, 2009
http://www.breitbart.tv/html/330913.html Rep. Jan Schakowsky (D-IL): "And next to me was a guy from the insurance company,...
April 29, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today in...
April 27, 2009
Today, April 26, is Debt Day for this fiscal year. That is, today is the day the federal government's...
April 24, 2009
"Debt Day," marking the point in the fiscal year when government spending exceeds revenue, falls this Sunday. That's the...
April 23, 2009
Washington Post: "President Obama is requiring government agencies to find $100 million in savings. Next year's budget deficit will...
April 03, 2009
"The real problem with our long-term deficit actually has to do with our entitlement obligations...The big problem is Medicare, which...
April 03, 2009
"The real problem with our long-term deficit actually has to do with our entitlement obligations...The big problem is Medicare, which...
April 02, 2009
That was then For years, House Democrats criticized the Bush White House for proposing a five-year budget: Then-Ranking Member John...
April 02, 2009
That was then... Democrats criticized a budget that “excluded” a permanent fix for the Alternative Minimum Tax (AMT)… House...
April 02, 2009
Alisyn Camerota: Well, Molly just mentioned Republicans are giving a second opinion on the budget, introducing...
April 02, 2009
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, gave the following speech from the...
April 01, 2009
House and Senate Press Conference on the Budget The House Republican Budget Alternative: Ryan Proposes "The Path To...
March 27, 2009
Click here to listen to the audio. Below is an excerpt from the interview: PENCE: "The Republican proposal...
March 27, 2009
Fiscal Policy: President Obama claims that Republicans "don't offer an alternative budget." In fact, they do, and it costs...
March 26, 2009
House Republicans today released the "Republican Road to Recovery," an 18-page booklet specificying the steps they will take to...
March 26, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, gave the following speech today on...
March 25, 2009
Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today on...
March 24, 2009
Even the Washington Post has reported on the President's use of straw man tactics to scare away criticisms of...
March 23, 2009
The White House predicts 7.9% unemployment in 2010. The Congressional Budget Office (CBO) predicts 9.2% unemployment in 2010. Where are...
March 23, 2009
Rep. Jeff Flake (AZ) gets a few words in at the American Spectator this morning, offering insight from the...
March 23, 2009
Rep. Jeff Flake (AZ) gets a few words in at the American Spectator this morning, offering insight from the...
March 18, 2009
To view this video, click here. FOXNEWS' Major Garrett: "Republicans were so synchronized in their condemnation they could literally...
March 17, 2009
PROTECTING JOBS AND LOWERING TAXES Instead of raising taxes on all Americans in the midst of a recession, Republicans...
March 16, 2009
Washington, DC - Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement after...
March 16, 2009
WASHINGTON - When it comes to President Obama and the Democrats these days, you couldn't knock Republican leaders of...
March 16, 2009
In the middle of a tumultuous budget battle and a recently passed omnibus with nearly 9,000 earmarks, Sunshine Week...
March 13, 2009
Republicans have a few big things on their side when it comes to the economy: the facts. These include...
March 12, 2009
On the House floor today, Rep. Mike Pence continued the Republican message that the federal goverment "spends too much,...
March 12, 2009
Republican leaders in the House and Senate launched an unusual joint effort Wednesday to create a drumbeat of criticism...
March 11, 2009
President Obama once criticized out-of-control spending and “enormous deficits” but... President Obama once criticized an “orgy of spending and...
March 10, 2009
Middle-class families and small businesses are making sacrifices when it comes to their own budget, yet Washington continues to spend...
March 09, 2009
"What it's supposed to do for people doesn't get done in reality." The speaker criticizing this government program...
March 06, 2009
Republicans in the News: Rep. Michele Bachmann appeared on FOX Business Happy Hour to discuss the "cramdown" housing bill....
March 06, 2009
WASHINGTON, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement today on...
March 05, 2009
President Obama said government-run health care was “extreme” and “wrong” but… Then-Candidate Obama said government- run health care was...
March 04, 2009
President Obama's budget proposal includes nearly $1 trillion in new health care spending-a $634 billion reserve fund as a...
February 27, 2009
Transcript: Jon Scott: Democrats call it a blueprint; Republicans say it's a target. Some of...
February 26, 2009
President Obama's budget includes nearly $1 trillion in new health spending-a $634 billion reserve fund as a "down payment"...
February 26, 2009
Washington, DC - Today, U.S. Congressman Mike Pence, Chairman of the House Republican Conference, made the following statement in...
February 25, 2009
The American people are hurting, and Republicans want to work with the President to get the American people...
February 23, 2009
"We shouldn't have to do that, because they should know better." So said President Obama in explaining why...
February 10, 2009
In light of the inclusion of $1.1 billion in the Democrat "stimulus" legislation for the Agency for Healthcare Research...
February 10, 2009
In light of the inclusion of $1.1 billion in the Democrat "stimulus" legislation for the Agency for Healthcare Research...
February 04, 2009
In anticipation of a potential vote to reauthorize and expand the State Children’s Health Insurance Program (SCHIP), the Republican...
January 14, 2009
Congressman Mike Pence (R-IN), Chairman of the House Republican Conference, issued the following statement today regarding House consideration of...
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