Thursday, December 17, 2009
POLITICS OF FEAR: Obama Warns Govt "Will Go Bankrupt" Without Health Bill
President Obama said in an interview with ABC News' Charles Gibson today that if Congress fails to pass health care legislation that lowers costs, the federal government "will go bankrupt."
He also painted a gloomy picture resulting from the failure of health care overhaul.
"Anybody who says that they are concerned about deficit, concerned about debt, concerned about loading up taxes on future generations, you have to be supportive of this health care bill because if we don't do this, nobody argues with the fact that health care costs are going to consume the entire federal budget," the president said.