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Old 03-22-2010, 10:33 AM   #78
Flame Of Liberty
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Join Date: Mar 2002
Location: Sydney, NSfW
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Quote:
Originally Posted by CaptainCrunch View Post
Its the old saying, if your going to do something, just do it and screw the consequences.

I don't know if this bill is the solution to the problem.

I think its going to effect the U.S. deficit in a time when they can't afford to increase it.

I don't think I like the mechanics of how it works.

If I understand it correctly, health insurance becomes mandatory, you can either buy private or fall under Obama care. So your still going to be paying pretty outrageous health care premiums.

If you can't afford it, then the government will subsidize it which means increased taxation across the board in a time of deficit.

if you still don't buy it your either paying a fine or going to jail.

The program starts forcing corrections of the funds immediately but the insurance mechanics don't change for 4 years.

The bill doesn't do anything to effect the infastructure problems at the sharp end of the crisis.

The government as part of this bill seems to get more say in who gets student loan money and who doesn't, so the concept of universal education is probably going to go out the window.

While I won't call this bill a fail, it does seem like a half-arsed poorly thought out compromise document.
In fact, new spending is negligible for four years. At that point the government would start luring sixteen million more people into Medicaid’s leaky gravy train, and start handing out subsidies to families earning up to $88,000. Spending then jumps from $54 billion in 2014 to $216 billion in 2019. That’s just the beginning.

To be unduly optimistic (more so than the CBO), assume that the new entitlement schemes only increased by 7% a year. At that rate spending would double every ten years — to $432 billion a year in 2029, $864 billion a year in 2039, and more than $1.72 trillion by 2049. That $1.72 trillion is a conservative projection of extra spending in one year, not ten. How could that possibly not add to future deficits?


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