Eagle Forum Legislative Alerts

Thursday, May 05, 2011

Bachmann Exposes $105 Billion Secret

Congresswoman Michele Bachmann, who was a tax lawyer before she was elected to office, has again demonstrated her extraordinary leadership. She discovered $100 billion of taxpayers’ money that Barack Obama and Nancy Pelosi hid in ObamaCare. When ObamaCare was passed by the Senate on Christmas Eve 2009, Senators had less than 72 hours to read 383 pages of amendments to the 2,074-page bill. Then-Speaker Nancy Pelosi famously said, “We have to pass the bill so that then you can find out what is in it.”

When President Obama signed ObamaCare into law, that set in motion a series of money triggers and transfers that add up to $100 billion in pre-authorized appropriations scheduled to be paid through 2019. In laymens’s language, that means ObamaCare wrote post-dated checks that are scheduled to be paid out over the next eight years. This money was divided into dozens of smaller amounts so the big total would not be apparent. For example, one section of ObamaCare includes a pre-funded appropriation of $75 million a year for five years to "educate adolescents" on "stress management," "the development of healthy attitudes and values about adolescent growth and development, body image, racial and ethnic diversity."

What Nancy Pelosi did was like setting up online a way to pay your monthly utility bills out of your bank checking account. Each new date triggers the bank to pay the bill. ObamaCare is very similar. The law Congress passed without reading it lists the dates up to 2019 on which payments totaling $100 billion are to be paid out of the U.S. Treasury.

We thank Rep. Bachmann for exposing these secret payments. Congress should place a stop payment order on all the post-dated checks hidden in ObamaCare.

Listen to the radio commentary here:

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