Heading for collapse? The real cost of Obamacare keeps going up as does the deficit

Congress and the president have shown that they care very little about what the American people need or want or what is best of this country.  They continue to spend money they don’t have, sinking this country further into debt and after passing the biggest entitlement program in the nation’s history, its true cost is slowly becoming known. 

You knew the multi-trillion dollar entitlement program called Obamacare that Congress and the president rammed down our throats was going to cost us far more than they were telling us.  With each estimate released by the Congressional Budget Office (CBO) the cost keeps growing.

In a new CBO analysis that took a look only at parts of the measure that hadn’t been analyzed previously, it was announced that the cost of Obamacare had risen $115 billion.  This of course doesn’t include the ‘Medicare fix’ and other measures that were subsequently passed to repair all the known damage the bill causes.

How to pay for it?  With more deficit spending of course.

Speaking of the deficit, it was announced yesterday that the U.S. had its 19th straight monthly budget deficit in April.  That is bad enough and seeing what is going on in Greece, Spain and other European nations it should really raise some alarm bells about where we are headed.

What wasn’t widely reported were some of the nuances of the new numbers. 

First, the $82.69 billion deficit last month is FOUR TIMES the deficit of April 2009. 

Second, as we all know, April is when taxes are due and normally the government runs a surplus for the month.  In fact, in 43 out of the past 56 Aprils it has.  Not this year obviously.  Cumulatively for the first seven months of this fiscal year the budget deficit now totals $799.68 billion. 

All of this indicates a country that is on a path to financial ruin unless something changes – and soon.  Even the president’s own Secretary of State, Hillary Clinton, said so in her interview with 60 minutes.  As Clinton noted, our financial crisis is not only damaging us at home, it is hurting our credibility abroad.

“All of a sudden you’ve got countries who are explicitly saying to me, in private, ‘Well, look, you know, we always looked to you because you had this great economy and now, look, you’re in the ditch. And you’ve dragged other people into the ditch,’” Clinton said.

She continued, “I happen to believe it’s one of the critical challenges before us. Our nation has to be strong fiscally at home in order for us to be strong abroad.”

Clinton gets it.  President Barack Obama and Congress apparently do not.

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