Healthcare Bill to Cause U.S. Hyperinflation By 2015

simplistic2

The National Inflation Association today issued a warning to all Americans of a potential outbreak of hyperinflation in the U.S. by year 2015 caused primarily by the healthcare bill and rising interest payments on our national debt.

Medicare was created in 1966 at a cost of $3 billion per year and the House Ways and Means Committee estimated in 1966 that in 1990 the cost of Medicare would reach $12 billion per year. Instead, the actual cost of Medicare in 1990 was $107 billion (792% more than what was projected) and today Medicare costs $408 billion annually. In 2003, the White House Office of Management and Budget estimated that the Iraq War would have a total cost of $50 to $60 billion. So far, we have already spent $713 billion on the Iraq War (over 1,000% more than what was projected).

The Congressional Budget Office is estimating that the healthcare bill will cost $940 billion over the next 10 years, but if history is any indication, the actual cost will likely be several trillion dollars. NIA believes the healthcare bill will be the final nail in the coffin of the U.S. economy and will just about guarantee that we will see hyperinflation by the year 2015.

Not looking good for the U.S. I think hyper inflation is going to kick in a whole lot sooner than 2015. And just for fireworks they will start bombing Iran.

rovert

Take every report on the Healthcare Bill with a grain of salt.

jank

A website that sells gold talking about Hyper Inflation....surely you know whats wrong with that.

Victor

rovert wrote: »

Take every report on the Healthcare Bill with a grain of salt.

Won't that be bad for my blood pressure?

In 2003, the White House Office of Management and Budget estimated that the Iraq War would have a total cost of $50 to $60 billion. So far, we have already spent $713 billion on the Iraq War (over 1,000% more than what was projected).

Which part of the Iraq War do they think wasn't a lie?

Overheal

Im sorry but while the National Inflation Associations *sounds* official on paper, Its Really Not. To the best of my knowledge there is no government department dedicated to monitoring the rate of Inflation; which is calculated from the Consumer Price Index. And if it did, it would exist in the .gov domain.

Your source is trash, I regret to interject.

sceptre

The "National Inflation Association" is a made-up organisation run by Jonathan Lebed, a notorious Internet scam artist who runs the site, amongst others, as a scam that includes the promotion of the buying of penny stocks that he co-incidentally owns.

He;s actually below spammers in the tosspot pecking order. No publicity oxygen for scam artists here. Simplistic2, I think it's reasonable to assume that you didn't know this infamous scammer is running the site you've referenced. That's part of the trouble with the Internet - even the scam artists are sometimes mistaken for news sites.

Locked on that basis. I've also edited out the URL included by the OP as a reference as it's likely to help the scammer Lebed's google ranking if it remains.