Thread: Obama is now a bailout bitch: China says WTF on cost of healthcare

http://blogs.reuters.com/james-petho...thcare-reform/

China questions costs of U.S. healthcare reform
Post a comment (412)Posted by: James Pethokoukis
Tags: Uncategorized, budget deficit, China, healthcare reform, national debt
Guess what? It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the White House questions. Detailed questions.

Boilerplate assurances that America won’t default on its debt or inflate the shortfall away are apparently not cutting it. Nor should they, when one owns nearly $2 trillion in assets denominated in the currency of a country about to double its national debt over the next decade.

Nothing happening in Washington today should give Beijing any comfort or confidence about what may happen tomorrow. Healthcare reform was originally promoted as a way to “bend the curve” on escalating entitlement costs, the major part of which is financing Medicare and Medicaid. That is looking more and more like an overpromised deliverable.

For instance, a new study from the U.S. government’s Centers for Medicare and Medicaid Services finds that the healthcare reform bill recently passed in the House of Representatives would increase healthcare spending to 21.3 percent of GDP by 2019 compared with 20.8 percent under current law. That’s bending the curve the wrong way. The study also questions the “long-term viability” of the $500 billion in Medicare cuts meant to help pay for expanded insurance coverage.

Short version: Federal government should not be trusted with any money, ever.

Uh-oh Obammy, Massa Mao sez you can't play that health insurance play no mo', or they wants they money back.

God this country is fucked up.

China bankers getting nervous.Hope Obama has a plan when China recalls all that money.Man they slapped him around a little.He should have went with a bow in China.He is being played as a fool and does not have the sense to quit poking snakes with sticks.

The chinks just keep bitch slapping Obama. And notice how the media don't call them racists. Another stop on his world apology tour and he continues to make an ass of himself, while stinking up the joint. Obama has squandered the Goodwill his election earned him. What a disgrace.

Originally Posted by LCOF

The chinks just keep bitch slapping Obama. And notice how the media don't call them racists. Another stop on his world apology tour and he continues to make an ass of himself, while stinking up the joint. Obama has squandered the Goodwill his election earned him. What a disgrace.

Are you aware of his new idea for helping cut down on medical costs?
Ready?
Mammograms can be taken when a woman is in her fifties now, every two years, as opposed to the Cancer Society's recommendation that they start in their forties, once a year.
Once again, the little dictator knows more about medicine than the doctors.
The man's a genius, no doubt.

Originally Posted by T-Bone

Are you aware of his new idea for helping cut down on medical costs?
Ready?
Mammograms can be taken when a woman is in her fifties now, every two years, as opposed to the Cancer Society's recommendation that they start in their forties, once a year.
Once again, the little dictator knows more about medicine than the doctors.
The man's a genius, no doubt.

Smarter than Doctors,Generals,Bankers,Car Makers,Lawyers,and just about the most naive ass to hold the office.To be as dumb as he is he has to work at it pretty hard.China kicked his ass when he got to the bottom of the steps on AF1.

Originally Posted by cowboytom

Smarter than Doctors,Generals,Bankers,Car Makers,Lawyers,and just about the most naive ass to hold the office.To be as dumb as he is he has to work at it pretty hard.China kicked his ass when he got to the bottom of the steps on AF1.

Didn't quite have the Olympics thing down though.
However, he has managed to bring peace to the world......I guess.

Originally Posted by cowboytom

Smarter than Doctors,Generals,Bankers,Car Makers,Lawyers,and just about the most naive ass to hold the office.To be as dumb as he is he has to work at it pretty hard.China kicked his ass when he got to the bottom of the steps on AF1.

Everyday I am amazed that the man is able to screw something else up. It has to be intentional, no one could be that inept.

Surely he won't get another term. Surely.