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July 3, 2009

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President Obama's Top Five Health Care Lies

Tony Soprano Care

Shikha Dalmia

When it comes to health care reform, with every passing day, Obama seems less God and more demagogue, uttering not transcendental truths, but bald-faced lies. Here are the top five lies that the president has told--the first two for no reason other than to get elected and the next three to sell socialized medicine to a wary nation.

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Medicare Is Not the Model for Health Care Reform

The "public option" health care plan will not be financially sustainable

Shikha Dalmia

That Medicare is in serious, serious trouble no one can dispute. Its projected unfunded liabilities over 75 years, from 2007 to 2082, are about $36 trillion, according to the latest Medicare Trustees report. If current trends persist, by the end of that time Medicare will be devouring 19% of gross domestic product--or $3 trillion, an amount equal to the entire U.S. budget right now. It will take a heartburn-inducing 135% increase in payroll taxes to bring it into actuarial balance. Despite Medicare's dismal record, Obama and his comrades hold Medicare up as an example for the private sector. Why?

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Taxpayer's Guide to the Stimulus

Where is all that stimulus money going?
Policy Brief 80

Anthony Randazzo

Reason Foundation’s Taxpayer’s Guide to the Stimulus breaks down each section of the American Recovery and Reinvestment Act to explain just how all that money is being spent, who is spending it, and what the whole stimulus means in layman's terms.

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