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ABC's Karen Travers reports from Washington:

President Obama told ABC News’ Charles Gibson in an interview that if Congress does not pass health care legislation that will bring down costs, the federal government “will go bankrupt.”

The president laid out a dire scenario of what will happen if his health care reform effort fails.

Gibson Obama “If we don't pass it, here's the guarantee….your premiums will go up, your employers are going to load up more costs on you,” he said. “Potentially they're going to drop your coverage, because they just can't afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year. “

The president said that the costs of Medicare and Medicaid are on an “unsustainable” trajectory and if there is no action taken to bring them down, “the federal government will go bankrupt.”

“This actually provides us the best chance of starting to bend the cost curve on the government expenditures in Medicare and Medicaid,” Obama said.

Watch Charlie Gibson’s interview with President Obama tonight on World News and check back on for the full interview.

Obama told Gibson that anybody who says they are concerned about the rising deficit or worried about tax increases in the future has to support this health care bill.

“Because if we don't do this, nobody argues with the fact that health care costs are going to consume the entire federal budget,” the president said.

Obama is facing an increasingly skeptical American public when it comes to his push for health care reform.

The latest ABC News/Washington Post poll found that support for the health care reform package, while never robust, is now at a low ebb and opposition has been steadily growing stronger in intensity.


3 Comments in Response to

Comment by Carol Horacek
Entered on:

Never mind sending this demon back to the windy city, he and his cronies should be tried for the traitors they are.  The same people and corporations that conspired to overthrow the government when FDR was president is at the helm behind theses misfits in DC.  These people were never brought to justice so they continue with their plans.  FDR did not do his job.  Now we have to deal with it again.  This time let's make them accountable for their treason.  The sooner the better!

In the meantime, get prepared.  This administration wants to win and they have a lot of wealthy, greedy, diabolical traitors behind them.  We The People need to stand together, call upon the Lord and bring him back into our land to defeat these demons.  Let's roll!

Comment by Betty Merry
Entered on:

Oh, so now our own President is threatening us to do his will or else we will pay, well. Mr. President, we're already paying now BIGTIME! Seems that Nancy Pelosi threatened to fine us and JAIL US if we don't do her bidding. Who are these people? THEY work for US and they need to be fired! OUTRAGEOUS!

Comment by Anonymous
Entered on:

What thugish bullsh%#!  This piss-ant bully should be sent back to Chicago to crawl around with the socialist slime he follows.

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