Obamacare Train Wreck Runs Out Of Money Before It Launches

July 9, 2013 12:57 pmViews: 4618

Obamacare train wreck engineer


This should not come as a surprise to anyone except a die hard fan of socialism that doesn't understand "government money" comes from people who work. Obamacare is looking more and more like a complete train wreck and is running out of money, before it even gets fully implemented. Being that no one really understood the full ramifications of getting a 2,500 page bill with an additional 20,000 pages of regulations actually up and running, this is entirely expected.

President Obama can travel around the country all he wants telling people how evil insurance companies are and how we all need his healthcare plan, but when you try to get a behemoth of bureaucracy like that rolled out based on the philosophy of "Hope and Change", in reality it become incomprehensibly complex, and expensive...very expensive. That's why the president is already asking for 107% more money to fund this boondoggle than he originally said Obamacare would cost.

Then of course when you realize those who will be using Obamacare the most are the ones who will be paying the least for it and will therefore be subsidized by Uncle Sam, there is probably no place for a program like this to go except to crash and burn, and quite possibly take down the economy with it.

Read more on the Obamacare train wreck and the money it needs, but doesn't have from Fox News below:

The cost of subsidies for those seeking government aid through ObamaCare has increased dramatically, critics say – even before a single dollar has been collected.

Republican Sen. Orrin Hatch of Utah wrote a letter to the administration asking why the president is already requesting 107 percent more than three years ago to pay for subsidies.

"They low-balled everything, and they knew they were not asking for enough money to actually do this," John Goodman of the National Center for Policy Analysis said. "And so now they are coming along saying: 'Oh, we've just discovered we don't have enough money'.  They should’ve known that from day one."

"I don’t think most of America will be shocked that a government project is coming in over budget," Jim Capretta of the American Enterprise Institute said. "It’s the typical story and so yeah it's probably happening in this case as well."

The  remarks followed by days the administration’s announcement it was easing requirements on those seeking government aid through ObamaCare, making it easier to apply for subsidies.

White House spokesman Jay Carney portrayed it as another example of flexibility.

"We have made clear all along when it comes to working with states that we are flexible with the way that they implement the Affordable Care Act," he said.

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