Tags: Corker | Ponzi | Scheme | Obamacare | kill | Die | fail

Corker: 'Ponzi Scheme' of Obamacare Will Die Off

Friday, 22 Oct 2010 01:30 PM

President Barack Obama's healthcare reform law is little more than a Ponzi scheme and doesn’t have much longer to live, says Sen. Bob Corker, R-Tenn.

“There is not a thinking person in Washington that believes the healthcare bill that passed will work. Not one," Corker told CNBC.
"It’s not going to work. It’s going to be dismantled."

“It’s a Ponzi scheme," he added. “The financing for it absolutely will not work.”

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Corker told CNBC he believes that Democrats will help work to dismantle the law, which he said was “very damaging to our country.”

Meanwhile, an Associated Press-GfK poll found likely voters evenly split on whether Obama’s healthcare-overhaul law should be scrapped or retooled to make even bigger changes in the way Americans get their healthcare.

Tea party enthusiasm for repeal has failed to catch on with other groups, the poll found, which may be a problem for Republicans vowing to strike down Obama's signature accomplishment if they gain control of Congress in the Nov. 2 elections.

Among likely voters, 36 percent said they want to revise the law so it does more to change the healthcare system. A nearly identical share — 37 percent — said they want to repeal it completely.

In the poll, only 15 percent said they would leave the overhaul as it is. And 10 percent wanted modifications to narrow its scope, the AP reported.

The healthcare law will eventually extend coverage to more than 30 million uninsured by signing up low-income adults for Medicaid and providing middle-class households with tax credits for private insurance.

Starting in 2014, most Americans will be required to carry coverage, and insurers no longer will be allowed to turn away people in poor health.

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President Barack Obama's healthcare reform law is little more than a Ponzi scheme and doesn t have much longer to live, says Sen. Bob Corker, R-Tenn. There is not a thinking person in Washington that believes the healthcare bill that passed will work. Not one, Corker...
Corker,Ponzi,Scheme,Obamacare,kill,Die,fail,repeal
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2010-30-22
Friday, 22 Oct 2010 01:30 PM
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