He Should Know: Massachusetts Treasurer Says ObamaCare Will Bankrupt the Nation in Four Years

March 16, 2010
By 3 comments

If anyone should know what government run health care will do to a budget, its the Massachusetts Treasurer, Tim Cahill. Take note!

“If President Obama and the Democrats repeat the mistakes of the health insurance mandate on a national level, they will bankrupt this country within four years,” Cahill said. “It is time for the President and the Democratic leadership to go back to the drawing board and come up with a new plan that does not threaten to wipe out the American economy.”

Cahill’s call for a new plan resembled the statement made during US Sen. Scott Brown’s insurgent campaign.

But even as he called for knocking down barriers that exist statewide and nationally to allow for-profit plans to compete with non-profit insurers, Cahill was short on specifics. He did say expensive mandates that require all health insurance plans cover certain benefits in the Bay State should be “on the table.”

Cahill’s right, of course. But the Democrats don’t care if it bankrupts the republic. But to say it’s by design would make me a right wing kook, so I won’t go there. But you can!

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3 Responses to He Should Know: Massachusetts Treasurer Says ObamaCare Will Bankrupt the Nation in Four Years

  1. Lisa on March 16, 2010 at 9:37 pm

    It’s by design.

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  2. Fenway_Nation on March 17, 2010 at 12:41 am

    I like Cahill….he started up one of those ‘Missing Money’ pages for the Commonwealth (I checked and had a few hundred dollars of my own languishing some 10 years after I moved out of the Bay State).

    I think he’s running for governor of Mass, but as a 3rd party candidate. As it stands right now, only Deval ‘Cadillac’ Patrick would benefit from this…..altho’ I don’t think Cahill is running for Patrick’s benefit.

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  3. A Drop in the Bucket « PJ's Blog on August 8, 2011 at 10:31 pm

    [...] trash” doesn’t get taken out: ObamaCare.  It will bankrupt this nation – Massachusetts treasurer agrees.  It has already begun to destroy the best health care system in the world! Insurance rates have [...]

    Like or Dislike: Thumb up 0 Thumb down 0

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