Gingrich: health overhaul will sink US economy

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Associated Press

Posted on May 15, 2010 at 12:07 PM

RICHMOND, Va. (AP) — Former U.S. House Speaker Newt Gingrich says the debt crisis that wrecked Greece's economy is a lesson for the U.S. and other world governments that promise more than they can deliver.

Gingrich spoke Friday at a Richmond forum on health care. He predicted that President Barack Obama's health care overhaul would collapse America's economy.

He said that borrowing $10 trillion over the life of the plan can't work because there aren't that many bond purchasers on the planet.

Gingrich addressed a meeting sponsored by the Center for Health Transformation, featuring conservatives, business groups and other opponents of the new federal health care reform law.

The potential 2012 presidential candidate has been a consistent critic of the federal health care package that passed Congress.

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