Reid: ‘We’re Talking About $2 Trillion’

Sen. Harry Reid, admitting that health care reform will cost $2 trillion.
(Hat tip: Real Clear Politics)

He talked about CBO saying that there would be $54 billion saved each year if we put caps on medical malpractice and put some restrictions — tort reform — $54 billion. Sounds like a lot of money, doesnt it, Mr. President? The answer is yes. But remember, were talking about $2 trillion, $54 billion compared to $2 trillion. You can do the math. We can all do the math. Its a very small percent.

Regardless of the amounts put forth by the Congressional Budget Office, or the other numbers offered by the insurance industry through a PriceWaterhouseCoopers-conducted study, I think the best estimate we can get is through slip-ups like this one by Harry Reid.

Of course health care reform is going to cost more than the $890 billion and change suggested by the CBO, and I even think the insurance report was a low-ball estimate. When has anything done by the federal government ever come in on-budget? These are people that cannot manage the cash flows and expenses of the congressional cafeteria. These are people who pay thousands of dollars for the same kind of toilet seat I have in my bathroom at home. These are people wholly disconnected with reality, both in the sense that they don’t know the people they represent, and in that most of them have never built a successful business or even held down a good job.

That’s why Medicare was, back in 1965, projected to only have a yearly budget of $12 billion in 1991 and instead cost taxpayers $107 billion. That’s why they’ve been far off on everything else. They just don’t know. And when it comes to cost-efficiency and the federal government, it’s best to err on the side of waste.

It seems like Harry Reid has already done that. But, then again, it takes one to know one.

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Comments

  1. John Feeny says:

    Kleptocracy, alternatively cleptocracy or kleptarchy, from Greek klepto (theft) and kratos (rule), is a term applied to a government that extends the personal wealth and political power of government officials and the ruling class (collectively, kleptocrats), via the embezzlement of state funds at the expense of the wider population, sometimes without even the pretense of honest service. Political corruption is closely tied to the internal workings of a Kleptocracy.

  2. Gail B says:

    When this "administration" convinces me that I am worth more to them than San Fran Nan's damned RATS, then they will get my attention. Until then, it's my opinion that turtles will have to cross the road under their own peril just as citizens do; and rats will have to make it just like roaches do.

    I do not feel responsible for San Francisco's rats or Florida's turtles. This "administration" really needs to get their priorities straight and take their Christmas (YES, I said CHRISTMAS) break in a private school's civics class to learn about this country's Constitution, the background of its founding fathers, and some lessons in what is right and wrong.

    And, if they continue to lie to the American people, deprive us from sufficient time to read proposed legislation, (bitch-bitch-bitch) and so on, they should be kicked out of office on their pointed ears!

    I don't know about you guys, but I'm sick and tired of the D.C. crap!

    Did y'all watch Beck tonight and see the tape of Anita Dunn's speech to high school students given on June 5? Jeff knows about it and just might see if he can put the video up for us. It's unbelievable–and unacceptable.

  3. GOOD RIDDANCE says:

    Reid is gonna be gone, just like Daschle…. ha ha ha ha ha ha

  4. DUNN DEAL says:

    Dunn is D O N E.

  5. Anonymous says:

    Jeff,

    In 1981, I started my own busines. At the time, I purchased a top of the line health insurance policy for my family of four for $92.00 per month …$1104.00 per year. Try to purchase that policy today and it will cost an individual with a family in NJ over $20,000.00/year.

    Jeff, please help me with the math. According to my calculations, if insurance costs continue to rise like they did from 1981 to 2009, your fisherman friend, and other self employed individuals, will be spending $200,000.00 per year for family coverage.

    Chuck

  6. wulfmankarl says:

    Harry Reid holds seance to channel Ted Kennedy to help put the public option back into the Healthcare Scam Bill!

    http://02e56fa.netsolhost.com/blog1/index.php/2009/10/15/senator-harry-reid-channels-kennedy-and-

    The Joey Panto Show

  7. Anonymous says:

    this needs to go viral – where are these wonderful Patriotic Human beings we all were surrounded by
    it is us – we must resurface http://www.youtube.com/watch?v=LPbIls0iOnI&feature=player_embedded#

  8. Rix says:

    Apparently, this bipedal excrement believes that enough voters – either alive, dead or fake – will benefit from the reform (read my lips: get a free lunch at taxpayer's expense) to nail it in 2012. All he cares about now is to minimize the electoral damages of 2010, which can be easily achieved by letting a few select weasels put dog'n'pony show of voting nay and funneling money into key districts.

    Someday, I truly hope, the conservatives will realize that their stubborn insistence on "playing by the rules" is Alinsky's wet dream incarnate. On that day, they will finally figure out what The Second Amendment is for.

    "Make the enemy live up to its own book of rules." – RULE 4, Alinsky's Rules for Radicals

  9. Anonymous says:

    $2trillion : $54billion ::
    $2billion : $54million ::
    $2million : $54,000 ::
    $200,000 : $5,400 ::
    $20,000 : $540 ::
    $2,000 : $54 ::
    $200 : $5.40 ::
    $20 : $0.54 ::
    $2 : $0.05

    2.7%

    There you have it… comparitive proportional savings of 2.7%.

  10. Anonymous says:

    Jeff: I watched on C-Span
    last night where two Repulican Congressmen (one from Iowa and I believe the other was from Kentucky) excoriated the Monday 'mark-up" Senate Finance bill as a fraud and full of corrupt "carve-outs" by powerful Senators from New York; New Jersey; Mass. whereby their states will not have to pay the xtra Medicaid $$ required by the bill because they put language in the bill to 'give' them the xtra money 'until the 2013 date" of implementation of universial health care!!!! The two congressmen also talked about the sweetheart where they put in 1 Billion for New Jersey and 5 billion for Mass. and Michican to pay for the Unions 'cadillac' plans by raising the threshold for the 40% income tax fine to $25,000 instead of the $21,00 for the rest of the remaining states!!! The worst thing is how the CBO LIED about it being Budget Neutral!!! The congress simply will collect fees, income taxes etc. for 10 years(2010-2019),while only starting to makes FULL payout of the Healthcare system in 2016!! Who would not like to make 10 years salary and only half to pay 5 years of taxes! If we tried it we would go to jail but with the leftists in Congress and Obama it becomes the new math., so they can STEAL from all of the USA needing healthcare and still saying with a straight face that it will save $88B/year. I saw Carl Rove tonight on Hannity and former Senator Bill Frist on Greta explode that $88b/yr. savings LIE by pointing out that a sub footnote to the CBO estimate for the $88B
    came from an assumtion the CBO made that 'for every company that pays the fine and then throws their people onto the public option each company would 'increase' each person wages by the amount the amount of $$ that they were saving from not providing healthcare to each employee thereby raising each employees salry and thereby causing more income taxes for collection. Guess what the number came to—$88 billion!!!!!!!
    What corruption now even from the CBO!!! Is everyone in the bag for Obama and is there no way to 'out their lies' so-that the
    American people know what is going to happen!!!!!!

  11. Illinois Knows says:

    That video needs to be viral, but the libs don't seem to care about cost of anything. They're doing the nuclear option on it anyways, 51 votes is all it's going to take.

  12. ctrl-alt-del says:

    Seriously, we have to reboot this country,

  13. Still a Patriot says:

    Hi Jeff -

    This is one of those stories that make me think I hope to wake up & it was all a "bizarro" dream!

    John Feeny -
    Thanks for the new words – our government has certainly become a kleptocracy & Obama is the head kleptocrat!

    Anonymous @ 12:52 -
    Remember after the CBO's initial report, Obama had a closed door meeting with the head of the CBO. Now, everyone is getting along nicely.

    Susan

  14. Bodenzee says:

    Jeff,

    Up here we'd refer to $54M on a $2T field as "a yellow hole in the snow."

    It just doesn't change things.

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