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Is ObamaCare a Ponzi Scheme?

KCurtis 2011/10/19 11:04:33
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Appropriately called the Class Act in keeping with the spirit of the
newly started Class War waged by progressive left Democrats and
President Obama, the Class Act is just another government Ponzi Scheme
hidden in the ObamaCare Bill. Now that we have passed the bill we see
exactly what dirty tricks the democrats hid in this poison pill.

Senator Paul Ryan said today:

“To
hide the true cost of their health-care overhaul, the leaders of the
Democratic party loaded it with gimmicks and double-counting. One of the
most egregious of these gimmicks involved the CLASS Act, a new
long-term care program that was scored as an offset against the
ten-year, trillion-dollar cost of the Democrats new law. Independent
health care experts warned that the CLASS Act program would turn into a
classic ‘insurance death spiral.’

Read the full story http://www.teapartypac.org/2011/10/19/is-obamacare-a-ponzi-sc...
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  • Katherine 2011/11/18 09:06:24
    Yes Obamacare is a Ponzi Scheme
    Katherine
    No, it's a thing much worse than that.
  • Katherine Katherine 2011/11/18 09:07:30
    Katherine
    Clicked the wrong button, but there's good replies below anyway.
  • RicemanSTM ~POTL~PWCM~JLA~AFCL 2011/10/20 18:48:34
    Comments?
    RicemanSTM ~POTL~PWCM~JLA~AFCL
    +1
    It's not a ponzi scheme...because at least some people get paid in that. THIS is a blatant bucket of BS that allows EVERYONE TO BE SCREWED.
  • Mater01 2011/10/20 03:28:01
    Comments?
    Mater01
    ITS AN ACT OF WAR AND THEFT!
  • wtw 2011/10/20 03:25:39
    Comments?
    wtw
    +2
    I think it is worse than a Ponzi scheme. At least a Ponzi scheme can justify itself for a few years. Anyone with a brain knows that this is bankrupt and deficit loaded from the get go. There is no way this will do anything that it promises.
  • Rapier 2011/10/20 01:50:56
    Yes Obamacare is a Ponzi Scheme
    Rapier
    +1
    ...that is, the piece they just admitted will NEVER work was...you really need to read this thing it is a piece of work...tons of things in the bill that have NOTHING to do with health care - the marxist bitch pelosi and her marxist minions really screwed the country on this one...I hope you dumb azz's in CA enjoy your socialist environment with the likes of pelosi and brown - try to take it on the road and die...
  • johnc 2011/10/20 01:20:09
    Yes Obamacare is a Ponzi Scheme
    johnc
    Last friday the health department sec. came out and said as much. the CLASS part she determined was a ponzi scheme that would get out of control quickly.

    that + the SC ruling should end Obie care.
  • cynsity 2011/10/20 00:55:27
    Yes Obamacare is a Ponzi Scheme
    cynsity
    +1
    what government "care" system isn't a ponzi scheme? Want to know what health care will be like when under government control... ask a disabled vet with "normal" age related health problems it SUCKS and you're more likely to die or have to use private care before you can get an appointment to be seen by a PA (You don't get to see an MD) and you only get to see the PA for 15 minutes....
  • johnc cynsity 2011/10/20 01:36:15
    johnc
    Government does not do things well. a dollar that starts at the top, turns into about 20cents for the solution. Government medical, government education, government welfare. All those big buildings in DC. out of care $$, all those make busy jobs in those expensive buildings, out of care $$ I worked in the government for 25+ years. Worked in the numbers department, If you want to see where the money goes, look in the parking lots of these government buildings.

    another example of government costing too much, A government research facility near where I live has a government on sight machine shop, But thier cost per hour is too high because of the government load, so a lot of machine work is farmed out. machine shops everywhere near the lab.,
    while the well paid , union machinist sit idle. government in action..
  • Arizona1950 2011/10/20 00:52:13
    Comments?
    Arizona1950
    NO! A ponzi scheme would mean it is voluntary. They are working towards that now.
  • rob ☮ RP ☮ 2012 ☮ 2011/10/19 21:09:42
    Comments?
    rob ☮ RP ☮ 2012 ☮
    Owannabee is a PONZI SCHEME
  • commissioner 2011/10/19 19:13:17
    Comments?
    commissioner
    There is no evidence that private healthcare is better than the public health insurance option or publicly-funded health care. Name one country where private healthcare is superior to public health care? The cons' constant fear-mongering and propanganda over "socialized medicine” is patetic when we already have a system in which the government pays substantially more medical bills (50% of the total) than the private insurance industry (35%). the persistent belief that the free market can cure healthcare, even though there are no places where it actually has; people also believe that government-provided insurance can’t work, even though there are many places where it does — and one of those places is the United States of America.

    The U.S. spends the most on health care compared with other developed countries, but has one of the lowest life expectancy rates, a new study found.It spends about $3 trillion or 16 per cent of its $14.6-trillion GDP on health, but Americans on average only live 77.9 years, states the Organization for Economic Co-operation and Development.

    That means total health care spending in the U.S. is around $10,000 per person, whereas in Canada that figure less than half at just under $4,000.


    OECD's "Society at a Glance" shows the U.S. spends about five ...





    There is no evidence that private healthcare is better than the public health insurance option or publicly-funded health care. Name one country where private healthcare is superior to public health care? The cons' constant fear-mongering and propanganda over "socialized medicine” is patetic when we already have a system in which the government pays substantially more medical bills (50% of the total) than the private insurance industry (35%). the persistent belief that the free market can cure healthcare, even though there are no places where it actually has; people also believe that government-provided insurance can’t work, even though there are many places where it does — and one of those places is the United States of America.

    The U.S. spends the most on health care compared with other developed countries, but has one of the lowest life expectancy rates, a new study found.It spends about $3 trillion or 16 per cent of its $14.6-trillion GDP on health, but Americans on average only live 77.9 years, states the Organization for Economic Co-operation and Development.

    That means total health care spending in the U.S. is around $10,000 per person, whereas in Canada that figure less than half at just under $4,000.


    OECD's "Society at a Glance" shows the U.S. spends about five per cent more of its GDP than any other nation with the next closest country being France at 11.2 per cent. Canada comes in sixth, spending 10.2 per cent of GDP. Mexico, the country where people work the most hours per day, spends the least at 5.9 per cent.

    But those health care dollars do not add up to life expectancy.

    While the U.S. leads in spending, it is 27th on the life expectancy list. Average Canadians can expect to live 80.7 years, placing us tenth on the list. Japan leads in this category with rates at 82.7, while South Africa comes in last at 51.5 years.

    leads category rates 82 7 south africa 51 5 years
    (more)
  • commiss... commiss... 2011/10/19 19:13:58
    commissioner
    Why do you think seniors, who have Government-Run Health Care, Oppose Reform? Seniors' organizations and the teabaggers overwhelmingly argue against cuts to Medicare or Social Security. Why do you cons oppose the new healthcare law when you cons already have gov't-run health care yourselves? Why are Seniors the age group most solidly opposed to the public option when, Last time I check, more than 90 PERCENT of Medicare recipients are 65 and older?They're the "I've got mine (i.e., Medicare and SS), screw you" party. You are The people who want no government health Care...(except for your own.)

    Medicare even pays far more in benefits than it receives in tax payments, even for many affluent beneficiaries. Last year, the government spent $237 billion more for Medicare than it received from all payroll taxes and insurance premiums that consumers pay for their Medicare benefits. yet, you cons don't want to raise the cap on payroll taxes on the rich in order to close the gap because it's "class ware fare"
  • J Montana 2011/10/19 18:30:23
    Yes Obamacare is a Ponzi Scheme
    J Montana
  • Charles E 2011/10/19 18:17:16
    Yes Obamacare is a Ponzi Scheme
    Charles E
    Just like Social Security, instituted by another "Progressive" president plagiarizing a dictator.
    Both are heavily loaded with benefits in the beginning and unsustainable costs later.
    But long after the culprits are gone, and the people have become dependent on the government payments.
  • 56lady☆POTL JLA BTO-t- BCRA... 2011/10/19 18:11:40
    Yes Obamacare is a Ponzi Scheme
    56lady☆POTL JLA BTO-t- BCRA-F's
  • CMackley ~POTL~PWCM~JLA 2011/10/19 18:08:05
    Yes Obamacare is a Ponzi Scheme
    CMackley ~POTL~PWCM~JLA
    +4
    Worse. At least in a Ponzi Scheme the top bracket gets a payout.
  • SPANKY 2011/10/19 17:58:29
    Yes Obamacare is a Ponzi Scheme
    SPANKY
    +3
    Obama is a Ponzi scheme.
  • Jake Bl... SPANKY 2011/10/20 15:06:20
    Jake Blanton
    Nawh, he is a traitor and guilty of treason and should be punished with extreme prejudice...
  • SPANKY Jake Bl... 2011/10/20 16:38:02
    SPANKY
    Obama is a Ponzi scheme.
  • Jake Bl... SPANKY 2011/10/20 17:29:41
    Jake Blanton
    +1
    I think I hear an echo... :)
  • SPANKY Jake Bl... 2011/10/20 17:35:07
    SPANKY
    You have positively passed your hearing examination bro. :-)
  • Darkitec 2011/10/19 17:04:09
    Comments?
    Darkitec
    +5
    No. Social Security is a Ponzi Scheme, Obama care is pure socialist redistribution.
  • srini 2011/10/19 16:14:10
    Yes Obamacare is a Ponzi Scheme
    srini
    +3
    one 3 magnitude-orders worse than "Social Security" foisted upon Americans by--an earlier Democrud!
  • mwg0735 2011/10/19 15:37:30
  • SharkKiller 2011/10/19 15:28:18
    Comments?
    SharkKiller
    +1
    No, it isn't. But factual reality is lost on some.
  • ElChorizon© THAT'S RACIST! 2011/10/19 15:16:22
    Yes Obamacare is a Ponzi Scheme
    ElChorizon© THAT'S RACIST!
    +2
    Obama's very existence is a ponzi scheme.
  • politicalsoldier 2011/10/19 15:06:58
    Yes Obamacare is a Ponzi Scheme
    politicalsoldier
    +3
    Absolutely. Just like what the libs turned Social Security in to.
  • Eric 2011/10/19 15:04:24 (edited)
    Comments?
    Eric
    +6
    Just got my medical insurance premiums for next year. A 10% increase, bringing my total increase since Obama took office to 73%. Same employer, same plan. Anyone see a problem here? And they call it "Affordable Health Care Act"????

    People are not paying enough into Medicare, Medicaid, and Obamacare to cover the cost. There is no consumer incentives to make personal lifestyle changes to reduce their costs or to shop for more efficient doctors. The system is unsustainable.

    It is worse than a Ponzi scheme. It is a poorly conceived Ponzi scheme.
  • Deere G... Eric 2011/10/19 15:32:40
    Deere Guy ~POTL~PWCM~JL~PWCM~JLA
    +4
    Only affordable to the illegal immigrants and the 50% that pay no income taxes....
  • Risk 2011/10/19 14:54:03
    Yes Obamacare is a Ponzi Scheme
    Risk
    +5
    The ENTIRE Obama administration is a big @ss Ponzi scheme !
  • 4570GOVT 2011/10/19 14:44:59
    Comments?
    4570GOVT
    +6
    IT IS A " LIE " ! A Ponzi Scheme is totally different . ObamaCare is a LIE sold to the public . There is NO MONEY to pay for it ! It is a FRAUD !
  • jr 2011/10/19 14:39:29
    Yes Obamacare is a Ponzi Scheme
    jr
    +3
    Yes it is a ponzi scheme, but this one will bankrupt our country very quickly.
  • Semper Fi 2011/10/19 14:02:01
    Yes Obamacare is a Ponzi Scheme
    Semper Fi
  • wicked ... Semper Fi 2011/10/19 14:47:55
    wicked soda boy
    +5
    They're both ponzi-scheme operators and should BOTH be in jail.
  • Charles E Semper Fi 2011/10/19 19:36:12
    Charles E
    +2
    Excellent reply. Hopefully they will both end up in jail.
  • Informed Voter 2011/10/19 13:34:50
    Yes Obamacare is a Ponzi Scheme
    Informed Voter
    +6
    Anyone who read the bill's pay now, service later scheme--along with its CLASS Act--would understand that it is the very definition of a Ponzi Scheme.
  • mrdog 2011/10/19 13:30:20
    Yes Obamacare is a Ponzi Scheme
    mrdog
    +4
    Obamacare is a joke.... it will be repealed after 2012 election...bark
  • Charge 2011/10/19 13:24:47
    Yes Obamacare is a Ponzi Scheme
    Charge
    +4
    Obama's own department head (Kathleen Sebelius, Health and Human Services) says "CLASS" is unsustainable; however Obama wants to keep it anyway. This should show everyone that he is ideology driven and damn America.
  • Eric Charge 2011/10/19 15:13:09
    Eric
    +1
    I have another opinion on this, although it is somewhat facetious.
    Congress passed ObamaCare and the President and Executive Branch should have to follow the laws passed. I would love to have Sebelius have to implement CLASS just to prove to the American people how completely idiotic the Pelosi/Reid Congress was.

    (Of course, I realize that no matter how poorly conceived the plan, enough Americans would not put two and two together so my idea won't work. It would take too long.)

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