Friday, October 30, 2009

The Obamacare Bill - Frankenstein's Trillion Dollar Monster

Nancy Pelosi finally unveiled the new ObamaCare bill.

It's been deliberately constructed to be difficult to understand and read, and is rampant with thick, impenetrable legalese. It's 1,990 pages, longer than Tolstoy's "War And Peace" and has over 400,000 words.

Here's a sample paragraph:

“(a) Outpatient Hospitals – (1) In General – Section 1833(t)(3)(C)(iv) of the Social Security Act (42 U.S.C. 1395(t)(3)(C)(iv)) is amended – (A) in the first sentence – (i) by inserting “(which is subject to the productivity adjustment described in subclause (II) of such section)” after “1886(b)(3)(B)(iii); and (ii) by inserting “(but not below 0)” after “reduced”; and (B) in the second sentence, by inserting “and which is subject, beginning with 2010 to the productivity adjustment described in section 1886(b)(3)(B)(iii)(II)”.

The printout of the bill weighs over 19 pounds and is almost nearly nine inches high.

While Pelosi and her friends are citing the cost as a mere $894 million, the non-partisan Congressional Budget Office puts the cost at $1.055 trillion.

Of course, both estimates are fantasy low ball. Since the bill has no provisions to allow anyone to check on people's legal status, the actual costs will be quite a bit higher as a new wave of illegal aliens comes across our non-borders to take advantage.

You can't blame them in the least - I'd do exactly the same thing.

I'm still trying to digest at least the basics.

The 'death panel' provision survived..It had to, to even have a prayer of making even the fudged numbers look remotely correct.And yes Sarah Palin was entirely correct about this one.

So did the abortion provisions.

It calls for a vast expansion of MedicAid, which is already a major sinkhole for tax dollars as it is. and a part of why California's economy is in the proverbial toilet.

And yes, it does have a provision for a government run 'public option'.

Much is being made of the expected deficit reduction, estimated at $140 billion over the next decade.

I'll repeat what I said about this earlier, revised from when the cost was supposedly $829 billion while allegedly cutting the deficit by by $81 billion over a decade. Let's take the numbers down to earth, based on a cost of $1.055 trillion and 'savings' of $140 billion..

Here's a deal for you - I want you to refinance your mortgage now in 2009 dollars and spend $10,550 in fees and costs. In exchange you'll save a total of $1,400 in 2019 dollars over ten years..if my figures are correct and nothing changes - and we know it will.

Any takers out there?

If there are, I have some friends in Nigeria with an amazing business proposition for you - But Your Trust Is Required.

This is a wealth transfer and a tax bill, and it's beyond merely getting screwed. It's criminal rape and assault.

Frankenstein has run amuck.

1 comment:

Unknown said...

Here's the funny top Glenn Beck finalist political satire spoof video making fun of Obamacare, and the progressive view of their "New America:" New America Video by NarfBiscuits