Over the next couple of weeks you are going to hear many scary things that will result because of Obamacare.  

And you will hear from the lame-stream media and liberal groups calling it scare tactics.     Only thing is:  they are dead wrong.  

Obamacare is going to be a very bad law.   Not just because of the second or third rate care that will result,  the higher taxes,  the crushing debt the feds will run up,  the jobs lost or never created to begin with, that it's unconstitutional, the horrible back room deals,  the loss of freedom and prosperity. 

The biggest danger from Obamacare is the FEDERAL DEBT over time,  likely not that much time.    Not nearly as much time as most people are probably thinking.

Today the federal government finances debt largely by selling Treasury Bonds.    Its worked pretty well for the most part.    People line up around the world to buy them, and at times have been a good investment.    Its largely due to the fact that the U.S.  government has always paid out when they are due.  However it has made debt service the largest single item in the federal budget today.  

But what happens if the U.S. defaults?

Or issues so much debt there aren't enough investors for all of it?

Then it goes overnight from a good investment to yet another ponzi scheme. 

"Good will" towards this investment will disappear in a instance,  that took decades to build, and would take years to come back or may never recover AT ALL.

It's already a time bomb.  

Obamacare only cuts off the fuse much closer to the bomb. 

Any rational taxpayer knows that Social Security, Medicare and Medicaid are unsustainable in the long term, the way it set up today.   It will someday consume the entire federal budget should nobody do anything to stop it.   The Democrats made sure that the Bush Administration and the Republican Congress  got no where when they tried to reform SS a few years ago.    Its hard to just end SS, due to so many using it for their retirement. 

Supporters of Obamacare claim that it will lower the deficit and that most of the costs will be found by rooting out cheaters and fraud  in Medicare and Medicaid.  Good luck with that since nobody has even tried to do those things.  We should try to prevent fraud in those programs, but there is no chance of that paying for it.   I wasn't great in Math in school but this fuzzy math doesn't add up.     Its just like SS,  rob Paul to pay Peter.     If we got serious about fraud the money should be returned to taxpayers not the treasury or another government program. 

If anybody in the private sector tried this way of finance,  they would go to prison for fraud. 

You just know it will cost far more then what they say.    Taxes will be raised.   There will be rationing.    However the debt will pile up faster and faster as the baby boomer retire.    Its going to happen.  

When the federal "credit card" is declined,   all hell is going to break out.    

It will make the recent problems in the financial world  look like a cakewalk. 
 
So I am getting to my point.   If the government cannot finance itself  how do we pay for the U.S. military?   Its by far the most important function of the Federal Government.   (Oh, by the way, the military is one of the very few things the constitution actually gives the feds a role) 

Many don't think we have any serious enemies.   If you think that,  you will be in for a big surprise.   It will create Chaos around the world if the U.S. military goes away and a vacuum is created.  It doesn't matter that you may have never supported this foreign policy, because we all have to live in the real world and have to deal with the real world, not some fantasy you may have come up with.   You know various terrorist groups would be more then willing to fill it,  with terrible results to millions. 

In a cash only world,  the end of SS, Medicare,  Medicaid and Obamacare would be guaranteed.     The Chaos resulting will be horrible because it will end suddenly. 

What's that story about putting all you eggs in the same basket.    If that basket fails,  there is a mess.  

Nobody should be dependent on the government.  Its a very bad idea from the 1930's and 1960's that doesn't ever seem to die.    That's why our politics are poison today,  because people have to defend a program they know is unsustainable because they have become dependent on it. 

Do I think everybody should have Medical Insurance?    Yeah,  for the most part.   Do I support reform of some sort,  yes.   Obamacare isn't reform by any means. Universal Healthcare doesn't exist anywhere in the world and it never will.     That includes nations with universal healthcare laws, because people fail everyday.    People will fall though the cracks, like many people in countries with socialized medicine.    That's why charity exists in the world.    Those organizations should be the ones empowered to help people in need,  not the government.  

Hoping for Real Change!   The Obama Clock:    Countdown To When America  Could Regain Real Leadership!   Congress 2010!  President 2012!  Will America Step Up and Do It Right This Time? 

Check out my other blogs  Americans Against Government Motors
                                         
                                         Americans Against Government Medicine