Nothing like breaking promises…
“…figures from Mr Obama’s May 7 budget request to the US Congress set the administration on a path to breaking its campaign promises to the people of Africa.”
The likely outcome of this year’s health care push is that we will get a medium-size bill that expands coverage to some groups but does relatively little to control costs. In normal conditions, that would be a legislative achievement.
But Obama needs those cuts for his whole strategy to work. Right now, his spending plans are concrete and certain. But his health care savings, which make those spending plans affordable, are distant, amorphous and uncertain. Without serious health cost cuts, this burst of activism will hasten fiscal suicide.
This graph tells us what most rational people already knew about the Stimulus. IT WASN’T NECESSARY. Billions of dollars, OUR dollars, were thrown down an obvious drain.
