Tuesday, June 16, 2009

Congressional Budget Office

The Congressional Budget Office (CBO) has stated that the Sen. Kennedy health plan will cost $1 Trillion while insuring only approximately 1/3 of those who have no insurance. So we are looking at $3 Trillion for all those so called uninsured. But we forget that according to statistics there may be 15 to 20 million illegals in that group. By the way the cost per person would be $62,000 per insured. Now, how many people have medical cost that comes to that amount annually. We know for some, this is a small amount, when it comes to their medical cost, but, generally, $62,000 a year is outrageous. However, we must realize that this is a government program and when has any government program not have cost overruns. So you can rest assured that whatever numbers the Obama administration throws out, we can sleep securely with the knowledge that we will not be shocked when the price tag is much more than originally projected. Like a couple Trillion dollars more. Now where all this money is coming from has not been indicated yet. Again rest assured that your taxes will increase. A tax by any other name is still a tax. But we did cut $100 million from the last $770 billion dollar stimulus package. With savings like that, we could balance our budget by the year 2210.

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