caterpillar, verizon, john deere and other big employers in this country, real job creators, they are saying caterpillar, 100 million dollar hit because this bill is passed. that people that have retired are gonna see their benefits be reduced. the exact opposite of what the president promised. where are the other corporations coming out on this? they are not only ones. i don t trust these corporations. for them to say that a lot of this is croon any capitalism. sean: what you what do you mean? if they are saying this it has to be worse. sean: at&t expects obama care to cost a billion dollars. why didn t we hear this before the debate? did the media ignore it. i always said they did. i was on your show and i told you about this the 138 billion dollar savings when that was being taughted as something great. when you think about it
what the europeans have, the v.a.t. tax, may come into existence. the debt commission set up by obama may recommend this to not only pay for health care but for our national debt. do you think this is going to happen? probably. i mean, this is the country is being europeanized, value added tax is a big deal in europe. i suspect they re going to have to look around and find a by to get this money to pay down this deficit. it s either a back tax or go out to the military and i suspect they re going to go after both. just to clarify this. we ve been adding to the debt for the last 10 every year for the last 10 years. the federal debt, the total debt is now $13 trillion. that s before health care reform. if we cannot add a penny to that, social security and medicare, we ll have to pay it down at some point. probably have a value added tax no matter what. i thought health care reform was going to save us money. wasn t that the whole argument? the c.b.o. was projecting that hea
between $200 billion and $300 billion more over the next two to three years, that s not in this bill anywhere. it s going to cost over $100 billion to run the programs that the bill sets up over the next ten years. that s not in here. some things are left out. there are lots of gains with timing. you frontload the bill with taxes and have ten years of taxes with only six years of spending, it makes it look like it add up, but it doesn t. let me pick up on that because i think the response to that or counterargument to that allegation is that, yes, as a practical matter we can start collecting the revenue immediately. but the savings don t kick in until later. but the bottom line, the real measure of it is does it affect the deficit in the first ten years, and the second ten years, and they say by that measure it does. but they ve left out well over $300 billion worth of costs. it s only supposed to save $138 billion. so i don t think they can even make that case. and there s a lot
years. the first thing is cononcrete. the health care reform package would save $138 billion over ten years. they are saying it will save the country money. $18 billion. they were then asked to look at the next ten years, what would happen. thaw don t usually do that. they did here. they said it would save a piece of the gdp, the gross domestic product. the next decade around 1.5% of gdp. so many variables. the economy keeps changing. the obama administration took that, they guessed what the gop would be. now they re saying it would save a trillion dollars. now we re looking at this gop claim. take a look at this. there s no precedent for what the democrats are doing. we ve never written a reconciliation bill to amend a law that does not exist.
veterans who already receive tri-care understand the importance and the value of having insurance coverage. for 47 million americans who have none, 31 million will now be able to have access to insurance. lowering costs, lowering costs for small businesses. lowering the national debt. first $138 billion and then $1.2 trillion. we can t afford not to do this. and taking care of those people i want to talk about the debt. hang on one second because i ve got to take a quick break. we ll come back because i don t want to talk about the costs because there are some figures out there floating. we will be back right after this. lac laurel sales event. featuring the acclaimed cts sports sedan. a car & driver 10best for the third year in a row. with a direct injection v6 engine. see your cadillac dealer soon, because while there is no expiration date on achievement,