Monday, April 2, 2012

Obamacare - #3777 - VIDEO: Pete Sessions - It's Money We Don't Have, But Money We're Committed to Spend': Sen. Sessions Reveals Obamacare Creates $17 Trillion in Unfunded Financial Obligations - The Blaze


It's Money We Don't Have, But Money We're Committed to Spend': Sen. Sessions Reveals Obamacare Creates $17 in Trillion Unfunded Financial Obligations - The Blaze, Has received 15,722 views - Before the passage of the Affordable Care Act (i.e. “Obamacare”), unfunded obligations for federal health programs totaled $65 trillion over a 75-year period, according to the office of U.S. Senate Budget Committee ranking member Jeff Sessions (R-AL).   But now Senate Budget Committee estimates (based on the Obama Administration’s own numbers as well as those from the Congressional Budget Office) show “unfunded obligations” have increased by $17 trillion, to $82 trillion since “Obamacare” passed in 2010.  “Added to the government’s existing obligation for entitlement programs like Social Security, Medicare, and Medicaid, the total now comes to almost $100 trillion,” the Washington Free Beacon’s Andrew Stiles writes. “That is almost seven times the United States’ annual gross domestic product (GDP),” Stiles adds. “It’s money we don’t have, but money we’re committed to spend,” Sen. Sessions said on Thursday, “it must be removed from the books.”  Read more........

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