Michael Fumento

Now that the House and Senate finally have drafted their enormous health-care bills, we can see what the final provisions will be. Their differences are far less important than their similarities. Either bill will be a disaster for our economy—for our personal well-being, both financial and medical—for our precious rights and freedoms—and for the futures of our children and grandchildren.

If “ObamaCare” becomes law, we will never again have the same America that was given to us by our nation’s Founders—that was defended by the blood of our ancestors—and that we have enjoyed as the greatest nation in the history of the world.

Both bills are coming up for crucial floor votes as early as this week. Many in Congress are very nervous about what their votes will mean for their political careers.

This coming week is thus critical in either passing or defeating this legislation, once and for all. Now is the time that you can weigh in and make a real difference with your congressman and senators.

Here is what you need to know. Rather than overwhelm you with arcane details of each bill, it is more important that you understand in principle what ObamaCare will mean for you and your family.

ObamaCare will mean:

Outrageous Costs. At a time of exploding federal spending and budget deficits, both the House and Senate bills would add far more than a trillion dollars to the mind-boggling financial liabilities we taxpayers already face. Even the stated price tags of these bills are fraudulent products of statistical manipulations. One way they pretend reduce costs is to remove a quarter-trillion dollars in doctor Medicare reimbursements from the bills, but instead add that gargantuan spending into separate legislation. Another way they pretend to balance the books (“deficit neutrality”) is to impose years of tax increases to fund these bills, before the outrageous spending actually kicks in. When it does, the “cost curve” in later decades will soar upward, and deficits will pile up by the billions. In addition, the bills would vastly expand the already-bankrupt Medicaid program; this would impose on state governments, which already face crushing budget crises, tens of billions of dollars in new taxing and spending commitments. You will ultimately pick up that tab, too.