Obama said, "despite all the scare tactics out there, what is truly scary is if we do nothing." I said, “Isn't this a scare tactic?”
Obama said, "spread the word, knock on doors, to help enact his health coverage plan.” I said, “It might help if he actually had a plan, no?”
Obama said, "health care costs are the biggest part of federal deficit and debt?" I said, “Defense and interest on the debt are right behind.”
Obama again states: "nobody is talking about a government takeover of health care." I said, “Nobody as in Congress via H.R. 3200?”
My summary of Obama’s town hall meeting: “Let's all get behind this idea of spending money that we don't have, on a reform plan that hasn't been written.”
Link to CBO Video
In Mortimer Zuckerman’s USA Today column entitled, “The Coming Government Debt Bomb” [Spending must be cut, or surging deficit could leave U.S. deep in the red for years], he states the following:
The nonpartisan Congressional Budget Office reckons that the deficit will run for a decade and will still exceed $1.2 trillion in 2019. By that time, the United States will have virtually doubled its national debt, to over $17 trillion. Then, after 2019, we get another turn of the screw as the peak waves of baby boomers move into their retirement years and costs soar for the major entitlements, Social Security and Medicare.
At 41 percent of GDP in 2008, the accumulated federal debt will rise to 82 percent by 2019. One out of every 6 dollars spent then by the feds will go to interest, compared with 1 in 12 dollars last year. These out-year budgets will require an increase in everyone's income taxes, raising federal income taxes an average of $11,000 for families, a hike of 55 percent per household—a political impossibility. The Government Accountability Office estimates that by 2040, interest payments will absorb 30 percent of all revenues and entitlements will consume the rest, leaving nothing for defense, education, or veterans' pensions.
“Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for life.”