If one is not yet convinced that the Obama HC plan is untenable, think of this. The plan is not alone on the list of deficit generators. Every single stimulator package (including bonuses) is adding to the nation debt. Those in turn are creating mini-pockets of debits that find their way onto the National Debt ledger. Sen. Mitch McConnell states that spending and borrowing are out of control and the "burden on future generations is unsustainable."
Need proof? The Office of Management and Budget projects a deficit of $9 Trillion from 2010-2019. Two trillion more than the White House estimate in May - Just 3 months ago.
That figure doesn't include the OMB guesstimate of $1 trillion this Health Care Bill could cost. Inflationary? You bet.
"The main cause of hyperinflation is a massive and rapid increase in the amount of money, which is not supported by growth in the output of goods and services... If the entity responsible for printing a currency promotes excessive money printing, with other factors contributing a reinforcing effect, hyperinflation usually continues." In 1923 the Weimar Republic of Germany were issuing 2 trillion banknotes. When have we heard of trillion dollar deficits prior to Jan 1, 2009? Payment for this grandiose plan will be calculated as a percentage of line 22 on Federal Income Tax form 1040: gross income. Now just who files a 1040? Not to worry. When the bill comes due just put it on your credit card or print it. Washington does both.
Expect Washington to next tackle Social Security and level that out.
"For in reason, all government without the consent of the governed is the very definition of slavery." --Jonathan Swift