Obama, attempting to scare the voting public and whip up support for his plan to socialize medicine, said the federal government will go bankrupt if health costs are not reined in. Okay. Then the federal government should stop paying for health care immediately. Let the people pay for their own health care in a free market.
The more often Barack Obama opens his blow hole and bloviates on matters economic, the more conclusive it becomes that he is either (a) stupid, or...well (a) stupid.
Consider his following prescription: We must "spend our way out of this recession."
"Spending your way out of a recession" is akin to eating more bacon in the hopes that it will cure for need for heart surgery. It doesn't help your heart, but hey, at least your not having that nasty surgery!
Obama seems ignorant of the fact that a recession(when people curtail their spending) is not the problem(people have overspent), but the cure.
Eating more bacon won't unclog your arteries; it will only delay the day you finally have that surgery. And your condition will have worsened in the meantime.