Obama said:"And if we are able to slow the growth of health care costs by just one-tenth of 1 percent each year -- one-tenth of 1 percent -- it will actually reduce the deficit by $4 trillion over the long term."
Do any of you supporters really understand how totally ridiculous that statement is?
In 2010 Total health care expenditures was $2.5 TRILLION!
Using Obama's statement "stop growth 1/10th of 1%"
That would be $2.5 BILLION!
Divide $4,000,000,000,000 by $2,500,000,000 how many years would it take to reduce the deficit over the long term???
1,600 YEARS
amazing.
1st of all, he's talking about 1 tenth of 1percent of the GROWTH, not of the whole cost.
so as equally as he cannot do math, you cannot read for comprehension.
Well THANK YOU for pointing out HOW even MORE idiotic the statement was!
YOU SAID he was talking about slowing the growth rate by 1/tenth of 1 percent!
OK...
THIS WHITE HOUSE web page REALLY STEPS INTO it trying to defend that statement..
Health care expenditures in the United States are currently about 18 percent of GDP, and this share is projected to rise sharply. If health care costs continue to grow at historical rates, the share of GDP devoted to health care in the United States is projected to reach 34 percent by 2040.
Forecasting the Cost of U.S. Health Care in 2040
So OBAMA says if we can stop the growth by 1/10th of 1% from 18% of GDP today to projected growth of 34% of GDP in 2040 that growth rate is 16% over next 30 years.
That is a growth rate of or growth per year of 0.53% .
1/10th of 1% of a 0.53% growth rate means a growth rate of 0.52%!
AGAIN REMEMBER using YOUR interpretation Obama meant slow the RATE of GROWTH!
at 1/tenth of 1% of the growth rate of 0.0053% per year means..growth slowing down to .00532% from .00533% WOW!!!!!!
Slowing the growth rate by 1/10th of 1% well that makes the growth rate ONLY
.532% per year and over 30 years that means SAVINGS of ...
OVER 30 years of ...drum roll!!!!!!!!!!!!!
$12,069,248,387 that is $12.06 BILLION SAVINGS OVER 30 YEARS!!!!
AGAIN idiot...USING YOUR interpretation slowing the GROWTH RATE by 1/10th of 1% would reduce the DEFICIT by an average of drum roll......... $400 million a year!!!
AGAIN IDIOT leave BIG numbers alone because ALL YOU and OBAMA HAVE DONE is MADE IT WORSE!!!