Pelosi Plan Moves U.S. to Bankruptcy

Monday, 09 Nov 2009 08:48 PM

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The House healthcare bill could take America a step closer to bankruptcy, according to the editorial page editor of The Washington Post.

“And for progressives in particular -- for those who believe that government has a mission to help the poor and protect the vulnerable -- that prospect should be alarming,” writes Fred Hiatt. “If federal debt continues rising on its present path, hastened by a $1 trillion health-care bill, it is the poor and vulnerable who will be most harmed.

“President Obama has acknowledged this dilemma and offered three broad answers: Health-care reform should not add to the deficit. It should control health-care costs,” Hiatt continues. “And, once reform is passed, the government will get serious about deficit reduction.

“Unfortunately, the House bill fails his first test. True, the Congressional Budget Office has said that the bill is paid for. But the CBO is not allowed to count $250 billion in projected Medicare payments to doctors over the next 10 years, because the House -- after first acknowledging that cost in its reform bill -- decreed it had nothing to do with reform because lawmakers didn't want to pay for it.”

Read the full story at The Washington Post

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