Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Obamacare taxes and other fees also offset the cost of the program.
You stupid F, what do you think fees and taxes are??? It means taxpayers are paying for it. Paying for itself means it's generating it's own savings.
95% of people are not covered today. The figure is closer to 13%. And we had more people with private insurance before Commie Care than we do now. Most of the people went on some government program, and who do you think is paying for that?
Bear in mind that President Bush inherited perhaps the strongest federal balance sheet in postwar history. There were record-high surpluses, debt was at around 30 percent of GDP and falling, and the Congressional Budget Office projected that the federal government would be debt free by 2009. The country was in great fiscal shape to deal with any crises or emergencies coming down the road, and it was even ready to deal with the coming retirement of the baby boom generation.
There you have it. Even the CBO said we would be out of debt. However they didn't figure in the housing crisis. Nobody knew it was coming or how bad it would be.
The Myth of the Clinton Surplus