"Snake Oil" Obama - Health Care

House Health-Care Proposal Adds $600 Billion in Taxes
Laura Litvan – Fri Jun 12

June 12 (Bloomberg) -- Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.

Obama: We can afford health care reform
President proposed $313 billion in cuts to Medicare and Medicaid to help pay for $1 trillion health care reforms.
June 13, 2009

WASHINGTON (Reuters) -- President Barack Obama Saturday proposed an additional $313 billion in cuts to Medicare, Medicaid and other programs to pay for health care reforms expected to cost about $1 trillion over the next decade.

"I know some question whether we can afford to act this year. But the unmistakable truth is that it would be irresponsible to not act," Obama said in an advance text of his weekly radio address.

Wow! They are very bold to suggest cutting Medicare and Medicaid to help pay for universal health care; let alone increasing taxes $600 billion. Rangel suggests $400 billion and Obama adds an addition $313 billion, that would be over $700 billion in cuts to elderly care. Then they get you with this additional $600 billion in tax increases.

According to Forbes, the top 400 richest Americans are worth $1,250 billion, so if you were to not only tax to 400 richest Americans but take all their wealth it would pay for Obama's health care system for ten years...but then how would you pay for the Recovery Act, the budget, the bank bailouts...

Those of you who depend upon Medicare and Medicaid...watch your services drop and your income drop.

To find out who pays for Medicare and Medicaid and most of government check this site out...hint it's not the bottom 50% of income earners.
http://www.ustreas.gov/press/releases/js1287.htm