Obamacare: Worst Law Passed in Four Decades Must Be Stopped, Says Stockman
Posted in the Banking Forum
#1 Oct 4, 2013
Read this from a man of wisdom: David Stockman, former director of the Office of Management and Budget in the Reagan Administration, former member of Congress, and author of The Great Deformation, essentially says: bring it on. This, despite Obamacare being the law, passed in 2010 by a president who was re-elected in 2012 (while the candidate who ran on repealing it was defeated), and which has been upheld by the Supreme Court.
So why should it be repealed?
It is the worst law ever passed in the last four decades by the federal government, Stockman argues in the video above.It is a massive entitlement to end all entitlements. It is going to cause a fiscal hemorrhage that is not even yet anticipated. It will tie up one-sixth of GDP in the most monstrous, massive, bureaucratic snarl that you cant imagine. So therefore this needs to be stopped before it becomes operational.
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