Thursday, December 17, 2009

President confuses us again

PLEASE NOTE BOTH CHARTS FROM Bureau of Labor statistics,

...look at the year-on-year increases from roughly 1980 to date. Healthcare is increasing in cost at roughly the rate of inflation. The problem is that practically everything else has seen its costs battered down by overseas competition. All it takes is a steady rate of increase and by the magic of compounding costs become unsustainably high.

The president stressed that failure to act on health care would be dire. If Congress does not pass legislation that will bring down the spiraling costs of health care, the federal government "will go bankrupt," Obama told Gibson.

OBAMA: "If we don't pass it, here's the guarantee: ... Your premiums will go up, your employers are going to load up more costs on you," he said. "Potentially, they're going to drop your coverage, because they just can't afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year."

Mr President where is your backup, did you mispeak again?
Or just more Chicago Trash Talk.?

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