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How Will the Millennials Fund Obamacare If They Don't Have Jobs?

BEGIN TRANSCRIPT

RUSH: Carol in Pittsburgh.  Great to have you on the EIB Network.  Hello.

CALLER:  Hello there, Rush.  Thanks very much for taking my call.

RUSH:  I'm glad you called, Carol.  I appreciate it.

CALLER:  I'm awful glad that you are doing this piece today, because it's giving us a chance, those of us who are as frustrated as you are --

RUSH:  I checked the subscriber e-mail, Rush 24/7, the website e-mail, and a lot of people are saying what you said, they're glad because they've been this mad for months.

CALLER:  That's right.  I can't tell you how many times I would watch Krauthammer or people like him and felt like throwing something through the television set, because you know he has the same access that we have to all this information, and he insists on giving his "opinion" based upon the fact that Obama is some tepid in-the-middle ideologue when all he has to do is owe up to the truth. We all know that he has a history of far, far leftism, so why doesn't Krauthammer's opinion come from that viewpoint to begin with?  It's just so frustrating. He's choosing to leave out half the information, the information that, you know, truly makes the opinion piece worth anything.

RUSH:  Well, I mean, if I were to endeavor to answer your question, or try to answer your question, I can only guess.  I quoted two e-mails from a friend of mine who described the inside the Beltway mind-set, and I think he may be right. There are just a lot of assumptions made about politicians inside the Beltway, that they all want a growing economy; that they all want to reduce the debt; that they all want the US to be a superpower. They just automatically assume that anybody that becomes president wants those things, and then they go from there.  And of course if that's your starting point with Obama, you're missing the story entirely.

CALLER:  I have another question I was wondering.  All of this about the health care bill they're talking about every night, the linchpin seems to be the young, the Millennium generation paying into this.  But he hasn't created a job for any of these people in the past five years.  How are these people gonna kick in if they don't have a job?

RUSH:  There you go again.  See, that, I think, is a brilliant question.  I'm gonna dissect that question and answer it when we come back.  Carol, thank you.  You have just opened my mind even further.

BREAK TRANSCRIPT

RUSH:  Carol in Pittsburgh with a brilliant question.  On the surface it doesn't seem like it's brilliant, but in the context of the answer and what the question means, it's pretty smart.  Okay, Obamacare does depend on young, healthy people signing up at these inflated costs and then, because they're healthy, not using it -- i.e., no costs -- and their premiums, what they're paying, funds Obamacare for the poor and the elderly.  And that is the design.  Young, healthy people -- i.e., the Millennials -- their premiums are going up, they're learning it, those who get through.  But they're not gonna put much cost pressure on it because they're healthy and they, outside of an accident, are not going to require a lot of care, so they're cheap in terms of expenses. So that money will be used to fund care and insurance for the poor and the elderly. original

Her question was, "Well, how in the world is this gonna work?  They don't have any jobs.  There are no jobs for them, so where are they going to get the money?" 

Now, what I think is brilliant about the question is it fits in with everything we're talking about today.  Assumptions that are totally devoid of reality.  The reality is Millennials can't find work, ergo, they've got no income, yet they are the primary funders, and yet the wizards of smart behind all this don't seem to put that together.  They just think that they open the website, announce it's available, and these eager Millennials run in and sign up.  But they, even the wizards of smart are failing to realize that because of the economy they have all given us, there aren't any jobs for these people.  They're not even putting two and two together. 

It can't work in this economy, because the people, it turns out, who are responsible for funding it, don't have the money.  Even if the website was working, they would log on, they'd get their sticker shock, and I think, in fact, those who are logging on and getting through are seeing the sticker shock, and I think they're going to Medicaid.  I think when the Millennials go to Medicaid, instead of buying Obamacare, it's just gonna make everybody else's costs go up because the Millennials are not going to be contributing, so to speak. 

So the whole thing is gonna get even more expensive for everybody, because the key group that's supposed to pay for this doesn't have any jobs.  But nobody talks about that.  It's just like when Washington raises taxes. They just assume everybody's got the money to pay and they're gonna be fine after the tax increase and they'll continue to buy their flat screens and cell phones and what have you, and slowly but surely they are destroying the economy.  Ninety million Americans are not working. 

I don't know, folks, it's incomprehensible here.  Remember how the early sign-up success stories were all about these young college kids getting Medicaid?  In Kentucky, 82% of the new sign-ups are Medicaid.  They're not Obamacare.  And Obama called the governor of Kentucky, said, "Way to go.  Way to go, dude.  Way to run that exchange."  No, it's not working.  And now they had their glitch, it shut down in 14 or 15 states or 30 states, whatever, and now the technicians are saying, "You know what, we have to just broom the whole thing and rebuild it from scratch."  I'm telling you, folks, it's an utter disaster.  Just an utter disaster. original

You know what this would be like?  As it is now, smokers, before Obamacare, smokers and the tobacco taxes funded children's health care programs.  This would be like banning tobacco, making it illegal and still requiring smokers to buy the product to fund children's health care programs.  That's about what's going on.  When you are implementing policies that destroy job creation for young college graduates and people 30, 35 years old who are the primary funders of Obamacare, and they don't have jobs, they don't have the money. I mean, two and two here, not working.  What an absolute disaster. 

I mean, we literally are being governed by morons, and I'll tell you this.  I'll tell you one other thing.  The opposite of "I don't know" is incompetence.  That's why I can't believe these Drive-Bys are out there today thinking they're actually helping Obama by saying, "Well, he didn't know. He didn't know about Benghazi. He didn't know about Merkel. He didn't know about the NSA. He didn't know about Fast and Furious. He didn't know about the website 'til a week after it went live. He didn't know."  Oh, really?  And that's a plus?  He didn't know?  The president of the United States. That's not an excuse, "he didn't know."  Maybe it's an excuse in the mail room, but it's not an excuse in the Oval Office.  He didn't know?  That equals incompetence, and that's really what we're faced with. 

I can't tell you the number of people in leadership positions in this country who have been Peter principled on us.  Remember, The Best and the Brightest, that book that David Halberstam wrote about the Vietnam War?  The Best and the Brightest was not a complementary thing.  It was about how could these wizards of smart have so goofed up the Vietnam War.  The McNamaras of the world and the LBJs and the Schlesingers, and all of these brilliant people, the best and the brightest, and look how they made a mess of it.  And it's just repeating itself.  The best and brightest are buffoons, incompetent morons passed off as the wizards of smart, smarter than you and I will ever be, so smart they can't keep up with 'em. We can't even understand what they do, they're so far ahead of us. 

END TRANSCRIPT

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