Well I had the day off of work today, so I thought I would take some time and try to come up with this outrageous amount of 1.7 trillion dollars for
Obama’s Universal Health Care and Global Poverty Act.
From the opening post jetxnet stated:
Yes, that is the cost so far (874 Billion) assessed for Obama's plans for Universal Healthcare and the Global Poverty Act.
OK, so $874b for both UHC and GPA, right? No…he later says:
That's just Healthcare, now move on to solving the World's Hunger problem with American Taxpayers' money (another 800
Hmm.. so another $800b for World Hunger… as in the GPA? Now I am confused.
Regardless, if you add $874b and $800b you get the $1.674t or $1.7 trillion dollars as stated in the title of this thread. But is it real? Could Obama
really want to spend half of what the government takes in every year in taxes? I didn’t think so, so I went to jetxnet’s website and started going
through the list. The first one he lists is the Global Poverty Act. Here is the claim.
President Obama Signs $8500.00 Per Household Tax Into Law: Funds To Go To The United Nations To Combat Global Poverty!
He continues further to state the total cost of the GPA to be $845 billion, which is different than the $800b stated in the thread, but let’s not be
too nit picky.
Some conservative leaders are already sounding the alarm and telling us that, if passed, Barack Hussein Obama's Global Poverty Act will commit us
to a stealth United Nations-inspired global tax of $845 Billion dollars... that comes to approximately an $8500.00 tax burden for every household in
the United States!
To check his claim of $8,500 dollars per household, lets start with the number of households.
The number of households in the United States is projected to increase during the next 15 years, reaching 103 million by the turn of the century
and almost 115 million by 2010.
Projections of the Number of Households and Families in the United States: 1995 to
So I’m going to use the number 115 million for the number of households.
$845b / 115m = $7,347 per household
OK, $7,347 is not that far away from $8,500. That’s not too bad, except that just as in this thread, he fails to mention that this was the cost over
. Also to make more sense, he should have used the number of
taxpayers instead of households, which according to CNN
there are 117
million taxpayers, but that is pretty close to 115 million households, so OK we don’t want to be too nit picky..
Now I will use these numbers to come up with how much each taxpayer will pay per year if the Global Poverty Act were to pass as is.
$845b / 13 years = $65 billion per year
$65b / 117m taxpayers = $555.00
for each taxpayer per year for the GPA.
That is a far cry from the misleading $8,500 as claimed on the website.
Next item on the list after the cool graphic and the Obama Spend-o-meter was the claim:
OBAMA'S LIBERAL FISCAL AGENDA: OVER $850 BILLION IN NEW SPENDING
This is backed up with the following statement:
If Obama Could Enact All Of His Campaign Proposals, Taxpayers Would Be Faced With Financing Over $850 Billion In New Spending Over One White
Now wait a minute… wasn’t the claim in this thread of $1.7 trillion dollars for only the UHC and GPA? You didn’t mention that there are all
these other programs that are being included in this $850b. Well no wonder it is a staggering amount…or is it?
Part of this $850b was the now famous Universal Health Care (UHC). The claim:
Obama's Health Care Plan Will Cost Up To $65 Billion A Year; Equal To $260 Billion Over Four Years."
This is the same quote as in the opening post, which was quoted from Obama’s website (still chuckling about that).
Next was the Energy Plan:
Obama's Energy Plan Will Cost $150 Billion Over 10 Years, Equal To 15 Billion Annually And $60 Billion Over Four Years.
Then came the Tax Plan:
Obama's Tax Plan Will Cost Approximately $85 Billion A Year; Equal To $340 Billion Over Four Years.
Now wait a second… Obama’s Tax Plan is a tax CUT, not an expenditure, but that’s OK, we don’t want to be too nit picky.
Next was the Economic Stimulus Plan:
Obama's Economic Stimulus Package Will Cost $75 Billion.
Now the Education Plan:
Obama's Early Education And K-12 Package Will Cost $18 Billion A Year; Equal To $72 Billion Over Four Years.
The Service Plan:
Obama's National Service Plan Will Cost $3.5 Billion A Year; Equal To $14 Billion Over Four Years.
Obama Will Increase Our Foreign Assistance Funding By $25 Billion.
Now wait a minute…aren’t we already going to have a Global Poverty Plan? That is foreign assistance isn’t it? I would look into seeing if the
GPA is replacing this other plan, but that is OK, we don’t want to be too nit picky.
Obama Will Provide $2 Billion To Aid Iraqi Refugees.
Oh! The horror! Spending 2 billion dollars for aid to refugees of the country that we destroyed. Blasphemy!
Obama Will Provide $1.5 Billion To Help States Adopt Paid-Leave Systems.
The shame. We wouldn’t want employers to pay women while they are on maternity leave, now do we?
Obama Will Provide $1 Billion Over 5 Years For Transitional Jobs And Career Pathway Programs, Equal To $200 Million A Year And $800Million Over
Ahem… Is it four years or five? That’s OK, we don’t want to be too nit picky.
Obama Will Provide $50 Million To Jump-Start The Creation Of An IAEA-Controlled Nuclear Fuel Bank.
NO… We can’t have a bank to stop non-proliferation of nuclear weapons. We just blow up countries when they are close to getting them (at least
when we think they are close).
That is a long list, so let’s see what this all adds up to.
UHC Plan $260b
Energy Plan $150b
Tax Plan $340b
Eco Stimulus Plan $75b
Education Plan $72b
Service Plan $14b
Foreign Assistance $25b
Iraqi Refugees $2b
Paid Leave $1.5b
Job Transition $1b
Nuclear Fuel Bank $0.5b
That comes up to $941 billion.
But that can’t be right because the claim is $850 billion. More confusion. Maybe jetxnet didn’t add that tax cut like I thought he might have.
Without the tax cut added in that comes to $601 billion dollars. Hmm.. that still doesn’t match the $850b, and is lower than his claim. I don’t
know. I can’t figure it out.
That is still a lot of money, but you have to keep in mind that this total is what each program will cost over time, which I feel the author was
leaving out on purpose in order to mislead everyone. That is something we don’t take kindly here at ATS. We prefer to have the facts and when making
a claim the author should present it in a way that is easy to understand and is verifiable.
Furthermore, just because these programs are proposed, doesn’t mean that they will be accepted as is. Barak Obama will be the next president, but he
will not be a dictator. Everything has to go through the legislative process.
The opening post in this thread is a good example of what not to do. If you are going to make a claim, back it up with reliable sources and present it
in a clear manner. It also helps to use spell checking and good grammar. The more intelligent looking the presentation is the more others will respect
it. I don’t mind some mistakes, after all we wouldn’t want to be too nit picky.
[edit on 6/13/2008 by Hal9000]