The Perils of Overpromising

Today Politico Arena asks:

Will the Obama administration’s decision to scrap its long‐​term care insurance program be an issue in the 2012 campaign?

My response:


Of course ObamaCare — and the administration’s decision late Friday to scrap its unworkable long‐​term care insurance program — will be an issue in the 2012 campaign. It will be because ObamaCare is the huge overhang that explains, more than anything else, why employers aren’t hiring and the economy is stagnating. And this one part speaks volumes about the corruption that has surrounded ObamaCare from the start.


Remember, this was the program that was touted as central to the “savings” ObamaCare promised the nation — achieved in part by asking us to pay in for five years before any benefit was ever to be paid out. Yet even then it’s turned out, as Paul Ryan and many others said when the Democrats rammed it through, to be a gimmick designed to make the numbers look good. Like the countless “waivers” the administration has been giving to favored parties, this latest “setback” to ObamaCare is simply a prelude for what’s to come, either at the Court or at the ballot box.