Secretary Sebelius Admits to Faulty Accounting in Obamacare
Posted on 05. Mar, 2011 by James Devere in Political Commentary
Just prior to its passage, a number of Republicans pointed out the “bad math” being used in the touting of health care. This was around the same time that Speaker Pelosi made her now infamous comment, “We need to pass [Obamacare] so you can see what is in it.” At the time, town halls were a ruckus as Tea Party members probed the representatives to understand how a proposed $1.5 trillion bill could possibly be pitched as a way to lower the deficit.
That’s right: one of the final pitches made to sell Obamacare was the use of very fuzzy math to show a deficit reduction. The creative accountants and Democrat leaders pulled two tricks. One was just deceptive; taxes will begin to be collected approximately three years before healthcare benefits kick in. Therefore, in the oft pitched ten year projections, they counted ten years worth of taxes to offset seven years worth of benefits. I wish I could use this little trick to balance my home finances. I just don’t think my employer would advance over three years of pay before I started working. We, as the employers of Congress, however, are doing just that with the funding of health care.
In a much bolder and considerably more more deceitful move, the Democrats counted $500 billion twice; once for Medicare and again as revenue for Obamacare. This double accounting was pointed out before the vote, prompting Pelosi’s comment, and drawing flat denials from Democratic senators, and some double talk and issue evasion from then Press Secretary Gibbs.
In a recent hearing, Republicans grilled Health and Human Services Secretary Kathleen Sebelius. After more of the same spin we heard during the healthcare debate, Sebelius admitted that the $500 billion Medicare monies were double counted. Unfortunately, this information will not change the current bill. Our only hopes lay with the courts to strike down Obamacare or with Congress to defund the bill.
America was sold a bill of goods with Obamacare and now that we see, as Pelosi suggested, “what is in it,”it is evident how damaging it will be to our economy. Though the internet blogs were all over the health care math prior to passage of the bill, the mainstream media ignored the biggest fraudulent accounting scandal since Enron. Any one of us in private business would be locked up if we mislead investors to the degree that Congress, and the White House, have mislead and lied to the electorate.
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