Andy
Well-Known Member
- Joined
- Jan 6, 2008
- Messages
- 3,497
MAJOR GARRETT: In ten years, the healthcare tab could be 4.4 trillion dollars and 20 percent of GDP. And the President says there's a more immediate problem and it sounds alarming.
PRESIDENT BARACK OBAMA: The cost of health care now causes a bankruptcy in America every 30seconds.
GARRETT: But the White House could not provide a statistic to back this up. They pointed to a 2005 Washington Post column written by Harvard scholar Elizabeth Warren. In it, she said, quote: "Every 30 seconds in the United States, someone files for bankruptcy in the aftermath of a serious health problem.” Serious health problem, not as the President said, the ordinary cost of health care. But Warren's data comes from a survey of bankruptcies in 2001, and it says 2.2 million Americans are “affected by bankruptcy,” not filed for, but are “affected by.” What's more, a Treasury Department survey in 2000, found medical costs were quote, “not a major factor” unquote in bankruptcies filed that year. A senior White House economist could not back up the President's bankruptcy every 30 seconds assertion.
From Fox News, the only source to ever fact check the Obama-bot media.
Funny, how he cites documented evidence, whereas Obama-bots just assume Bailout Barack can't possibly be wrong.