Sometimes I wonder if these are just typos but, is everything in hundreds of billions these days? We just allocated almost $800 billion for the economic stimulus. No one knows where this money is coming from–the government doesn’t have money. Now, there is a leak that Obama’s budget will include $634 over 10 years to deal with healthcare.

I want everyone to be able to afford health care. The problem is not that the free market doesn’t work in health care–it can work just fine. The problem is that government keeps regulating and subsidizing poor health care models. Car insurance doesn’t cover tune-ups and oil checks, why does health insurance cover regular check-ups? This will only drive up the price of health care.

The big question right now is not about whether we should have universal health care or not. The question is how are we going to pay for this? If Obama is planning to cut the budget deficit by 50% in 2013, he is not going in the right direction.

The stimulus bill was a bad idea and history will show that it will be money thrown into a black hole. We are still maintaining out military empire all over the world–that alone costs almost $1 trillion. We are going to expand the war in Afghanistan–that will cost money. The economy is shrinking.

So how are we going to pay for this? Taxes? The American people can’t afford to give more in taxes–we need to tax less. Borrowing? That is just another means of taxation–future taxation. Printing presses? That is also a tax–a hidden one where our money loses purchasing power.

Obama is not change. He is doing exactly what Bush did. Spend the country into oblivion–except Bush spent slower.

By Tommy Leung

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Tags: 634 billion, health care, obama budget

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