Obama health care will bankrupt the nation

Larry Kudlow (pictured), CNBC’s financial guru, says Obama’s ‘public” health plan will bankrupt the nation. At the link below, Kudlow explains why:

The idea that Obama-care is a cost-cutter is a myth. It can’t happen nor will it happen. Instead, Kudlow says, costs are going to explode!

Think of it: Can anyone name a federal program that ever cut costs for anything?

Let’s not forget that the existing Medicare system is roughly $80 trillion in the hole.

And does anybody believe Obama’s new “public” health-insurance plan isn’t really a bridge to single-payer government-run health care?

And does anyone think this plan won’t produce a government gatekeeper that will allocate health services and control prices and therefore crowd-out the private-insurance doctor/hospital system?

Federal boards will decide what’s good for you and me and what’s not good for you and me. These boards will drive a wedge between doctors and patients.

(click on cartoon to enlarge)

The poor are already on Medicare so Obama’s government health care is nothing but a massive, unfunded, middle-class entitlement program that is destined to be a huge problem for everyone concerned.

Link