President Obama calls for a "public option" for health insurance. What does this mean?
By "public" he means government with money that comes from the taxpayer and created by the Federal Reserve by borrowing. This is a time of massive deficits from the bailouts, the wars in Afghanistan and Iraq, and the rest of the Obama agenda.
It is said that this provides competition for private insurance companies and that after all, competition is a good thing.
By "option" he means a government program with all the resources of the Federal government to promote sale of its policies. This option will pay no taxes at federal, state or local levels, unlike its competitiors. This option will be part of the same government that makes rules for its private competitors.
Does anyone doubt what the intended result is of such competition? -30-
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