Is Obamacare A Ponzi Scheme?
Calling the Senate health care bill a package that Ponzi schemer "Bernie Madoff would really envy," Republican Sen. Jon Kyl said Sunday that the legislation to be debated in December is long on promises but short on accounting.
"When they claim a savings ... in the first 10 years, that's because they start collecting taxes in 2010 they don't start spending money till 2014," said Kyl, helping to kick off the debate senators voted a day earlier to start on the $848 billion package
"Any private or any publicly traded business that claimed it was making a profit because it booked revenue over 10 years but only booked expenses over six years would wind up in jail. That's what this bill does, that's just many of the frauds and hat tricks in this bill," Kyl said on "Fox News Sunday."
The 60-39 vote opened the door for to start after Thanksgiving. The measure is designed to extend coverage over six years to an estimated 31 million Americans who lack it and crack down on insurance industry practices that deny benefits for pre-existing conditions or when people lose their jobs.
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mrcfiman
Please look this up... you will know what socialism is like in the USA under the democrats.... http://en.wikipedia.org/wiki/Cloward–Piven_strategy
sammer
No.
twcomeaday
The IDIOT in the White House who was elected by the IDIOTS in America should be in the same jail cell as Bernie Madoff...he's no different than a common criminal.
rcaamo
Obamacare will go down in history as the rip off of the millenium.
sammer
Nevermind a needless war in Iraq.
j9
OF COURSE it is, but it's been the dream of the libs for 50 years and like pitbulls, they won't let go! (can nobama share a cell with Bernie?).
perry
More like a Putzi scheme.
rgrgnprc
It's ObamaScam.
GIRTHOLICIOUS
It is time to cast aside all remaining doubt. President Obama is not trying to lead America forward to recovery, prosperity and strength. Quite the opposite, in fact.
The methodology is known as the Cloward-Piven Strategy;
The strategy of forcing political change through orchestrated crisis. The "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
Richard Cloward and Frances Fox Piven were two lifelong members of Democratic Socialists of America who taught sociology at Columbia University (Piven later went on to City University of New York). In a May 1966 Nation magazine article titled "The Weight of the Poor," they outlined their strategy, proposing to use grassroots radical organizations to push ever more strident demands for public services at all levels of government.
The result, they predicted, would be "a profound financial and political crisis" that would unleash "powerful forces ... for major economic reform at the national level."
They implemented the strategy by creating a succession of radical organizations, most notable among them the Association of Community Organizations for Reform Now (ACORN), with the help of veteran organizer Wade Rathke. Their crowning achievement was the "Motor Voter" act, signed into law by Bill Clinton in 1993 with Cloward and Piven standing behind him.
As we now know, ACORN was one of the chief drivers of high-risk mortgage lending that eventually led to the financial crisis. But the Motor Voter law was another component of the strategy. It created vast vulnerabilities in our electoral system, which ACORN then exploited.
ACORN's vote registration scandals throughout the U.S. are predictable fallout.
The Motor Voter law has also been used to open another vulnerability in the system: the registration of vast numbers of illegal aliens, who then reliably vote Democrat. Herein lies the real reason Democrats are so anxious for open borders, security be damned.
It should be clear to anyone with a mind and two eyes that this president and this Congress do not have our interests at heart. They are implementing this strategy on an unprecedented scale by flooding America with a tidal wave of poisonous initiatives, orders, regulations, and laws. As Rahm Emmanuel said, "A crisis is a terrible thing to waste."
The real goal of "health care" legislation, the real goal of "cap-and-trade," and the real goal of the "stimulus" is to rip the guts out of our private economy and transfer wide swaths of it over to the government to control. Do not be deluded by the propaganda. These initiatives are vehicles for change. They are not goals in and of themselves except in their ability to deliver power. They and will make matters much worse, for that is their design.
This time, in addition to overwhelming the government with demands for services, Obama and the Democrats are overwhelming political opposition to their plans with a flood of apocalyptic legislation. Their ultimate goal is to leave us so discouraged, demoralized, and exhausted that we throw our hands up in defeat. As Barney Frank said, "the middle class will be too distracted to fight."
These people are our enemies. They don't use guns, yet, but they are just as dangerous, determined, and duplicitous as the communists we faced in the Cold War, Korea, Vietnam, and bush wars across the globe, and the Nazis we faced in World War II.
It is time we fully internalized and digested this fact, with all its ugly ramifications. These people have violated countless laws and could be prosecuted, had we the political power. Not only are their policies unconstitutional, but deliberately so -- the goal being to make the Constitution irrelevant. Their spending is off the charts and will drive us into hyperinflation, but it could be rescinded, had we the political power. These policies are toxic, but they could be stopped and reversed, had we the political power. Their ideologies are poisonous, but they could be exposed for what they are, with long jail sentences as an object lesson, had we the political power.
Every single citizen who cares about this country should be spending every minute of his or her spare time lobbying, organizing, writing, and planning. Fight every initiative they launch. It is all destructive. If we are to root out this evil, it is critical that in 2010 we elect competent, principled leaders willing to defend our Constitution and our country. Otherwise, the malevolent cabal that occupies the government today will become too entrenched.
After that, all bets are off.
freenation believer
even though the Big Guy upstairs bowed out of politics, because of free choice...I still pray that this pocket lining farce not go through...
Mslilly2009
@pecan.......I think you need to re-read the constitution.
mrcfiman
If you have to ask, you are deaf,dumb,blind and on thorazine. The Healthcare Ponzi scheme makes Madoff look like a Boyscout.
Mslilly2009
Washington has become a ponzi scheme. The only difference is we are forced to hand over our money, while the Madoff victims handed over theirs willingly.
Ohiogal
Obamacare and Berniecare are indeed, one in the same.
PECAN
It is deeply insulting to refer to the healthcare plan as some sort of Ponzi scheme. Healthcare for everyone is not only the right thing to do. It's Constitutional! I find it sad how some people can be so ignorant and not want every American to lead healthy productive lives.
Mslilly2009
It is deeply disturbing that you believe that I should pay for your healthcare.
PECAN
Why? I'd be willing to pay for yours knowing you and your family would live productive lives.
BadOPCode
Dot Com era. Ponzi scheme. Real estate bubble. Ponzi scheme. Cap and tax. Ponzi scheme. Health care "reform." Ponzi scheme.
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-WE THE PEOPLE-
Not only is Obamacare the PONZI scheme...but that whole Al Gore joke of the Climate Hoax is a PONZI to boot. This administration is going down as the biggest corrupted organization of the 21st Century...it's a shame, our first black president just set America back about 250 years. No one will ever vote for an ethnic president ever again...we sick of being called RACISTS!!!!
TheFew.ThePissed.TheTaxpayers.
Yes! The biggest, most important bill in a long time...too bad we have corrupt hacks with no experience handling it. It's not about health care. Beware: BO and his clowns are trying to get rid of the middle class. And bankrupt the country.
tickedinohio
After considering this analogy for awhile,I've come to the conclusion that this isn't a "ponzi scheme",but a full out theft of our hard earned money,and the hard earned money of our generations to come! I go to work every day,put in my eight hours plus to try make a better life for my family and my children,and at every turn, these weasels figure out new and better ways to steal my money! And now we have two new ones...one that will steal my money and one that will steal both my rights and my money! A new surtax has been proposed to pay for the war in Afghanistan! Here's an idea congress...reduce the size of the government to pay for the war! Or better yet...why don't you worthless individuals take a pay cut!!! Like about a 97% cut would be appropriate and you'd better not forget to pay your taxes on that amount! So let's move on to the other theft...Lets face it...Congress couldn't run a hot dog stand without putting it under!!! But, then again, they would probably have andy stern and seiu running it for them! It's time we got the United States government out of free business and out of free peoples' business! Our Founding Fathers set up this government to protect us from this abuse of power! I suppose We the People have to force feed the Constitution and the Bill of Rights down their throats because obviously, they aren't listening!!!