Content by Issue > Economy > Harry’s Debt Debacle
Harry’s Debt Debacle

Thursday, October 22, 2009
By Gary L. Bauer

"Every day there are battles being fought on Capitol Hill that you are not hearing about. In these fights, conservative congressmen are going to the mat for your values. I know some of you don’t believe that because you don’t read about it in your local paper or see it on the news. But most of the media is leftwing. They have no desire to encourage you, so I’ll do it instead."

Yesterday Senate Democrat Leader Harry Reid tried to add a quarter of a trillion dollars of debt onto the backs of your kids and grandchildren. That’s right – another $250 billion. Every single Senate Republican stood up and voted “NO.” Reid tried to do this in order to grease the skids for ObamaCare by making it appear as though their “reform” plan costs less than it really does. Thirteen Democrats also objected to the budget gimmick, and it failed on a 47-to-53 vote.

I’m glad a few Democrats suddenly discovered fiscal responsibility on this single vote. But long term, liberals have only one solution to virtually every problem – higher taxes. ObamaCare is going to cost a lot, and if it passes Big Government is going to demand even more of your hard-earned money to pay for it. And here’s the real kicker: It’s not going to lower costs.

Last week, I told you about a study conducted by the accounting firm PricewaterhouseCoopers. The study found that under ObamaCare health insurance premiums will go up, not down. If ObamaCare passes, families would pay $4,000 more than if Congress did nothing at all. Predictably, the White House and its liberal allies savaged the report and accused the insurance industry of “deplorable scare tactics.”

Well, I’m curious to see what the Obama White House will call the federal employees at the Department of Health and Human Services. That Department just released its analysis of ObamaCare, and it found similar results. Here’s how the Associated Press described it: “The nation’s medical costs will keep spiraling upward even faster than they are now under Democratic legislation pending in the House, a report from government economic experts concluded Wednesday.” [Emphasis added.]

If government spending increases even faster than it is now, what do you think is going to happen to your taxes? That’s right – they’re going through the roof under ObamaCare. As the saying goes, “The government big enough to give you everything you want is big enough to take everything you have.”
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