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megimoo
07-01-2009, 07:36 PM
Health reform can reduce the deficit, but not nearly enough to address the country's debt problem. Higher taxes and spending cuts will be needed.

"If It Isn't Broken Don't Fix It !"

FIXING HEALTH CARE Why taxes will need to go up Health reform FAQ: Cutting through the noise Health debate: A little clarity, please Can't afford health care? Barter for it How health reform may help ... or hurt House GOP outlines health care bill

NEW YORK (CNNMoney.com) -- The promise of health reform is to make care more accessible for everybody -- and to reduce the federal deficit by slowing the growth rate in costs.

But the promise of deficit reduction through health reform might be overstated.

Here's why: Even if reform works well, the cost savings will not be nearly enough to tackle the debt ogre breathing down Uncle Sam's neck.

"Ultimately, the long-term budget outlook will necessitate serious tax and spending changes," says the Committee for a Responsible Federal Budget, which is led by tax and budget experts from the left and the right.

And "ultimately" really means ASAP, say some tax experts. That's because the financial and economic crises have exacerbated an already tough budget outlook.

"The key message is the future is now. The future has arrived," said William Gale, co-director of the Urban-Brookings Tax Policy Center, in a Brookings video discussing a sobering report on the fiscal predicament that he coauthored with Alan Auerbach, director of the Burch Center for Tax Policy and Finance at the University of California, Berkeley.

The risk is not decades from now, but within the next 10 years. Should investors in U.S. Treasurys consider the country's growing debt load to be unacceptably high, they will start demanding to be paid higher interest rates on the debt they buy to compensate them for the risk they're assuming.

http://money.cnn.com/2009/07/01/news/economy/health_care_reform/index.htm?postversion=2009070108

NJCardFan
07-02-2009, 12:10 AM
Because maybe you can't have a 3 trillion dollar budget based on hope?

satanica
07-02-2009, 12:31 PM
Taxes need to be raised.

Beacuse when Reagan came into office the debt was below 1 trillion. The debt is now over 11 trillion.

The ONLY Democrat to serve in that time was Clinton, he brought us the largest fiscal surplus the planet had ever seen.

Taxes need to be raised to pay off this massive pile of debt the republicans have created.

lacarnut
07-02-2009, 12:52 PM
Taxes need to be raised.

Beacuse when Reagan came into office the debt was below 1 trillion. The debt is now over 11 trillion.

The ONLY Democrat to serve in that time was Clinton, he brought us the largest fiscal surplus the planet had ever seen.

Taxes need to be raised to pay off this massive pile of debt the republicans have created.

You need to get a job to pay them.

satanica
07-02-2009, 01:04 PM
How clever of you. :rolleyes:

lacarnut
07-02-2009, 01:09 PM
How clever of you. :rolleyes:

When the shoe is on the other foot (like paying taxes rather than freeloading at home), you mightl understand the concept.

satanica
07-02-2009, 01:17 PM
When the shoe is on the other foot (like paying taxes rather than freeloading at home), you mightl understand the concept.

Right now I collect unemployment checks, that means I was working and paying taxes....till Bush destroyed the nation.

megimoo
07-02-2009, 01:21 PM
Right now I collect unemployment checks, that means I was working and paying taxes....till Bush destroyed the nation.Where did you work and why did they dump you ?

Speedy
07-02-2009, 01:42 PM
A city, state or federal government should never ever be allowed to raise taxes when it is running a deficit.

satanica
07-02-2009, 01:53 PM
A city, state or federal government should never ever be allowed to raise taxes when it is running a deficit.


Thats like saying people shouldn't save money to pay off a credit card. I think it would reckless to raise taxes when you didn't need money, like when running a national surplus.

satanica
07-02-2009, 01:56 PM
Where did you work and why did they dump you ?

I wasn a house flipper that got a carpenter job and stopped flipping when the housing bubble blew. That job was then eliminated, like most carpenter jobs in Chicago land ..and I got a job setting tile on the North Shore, lasted a year till that worked dried up.

Now, here I am. and....here is a clue, when you get dumped, you don't get unemployment checks.

lacarnut
07-02-2009, 02:00 PM
Right now I collect unemployment checks, that means I was working and paying taxes....till Bush destroyed the nation.

I never knew a student working part time made enough money to collect unemployment. Times have changed. The government gives out money now to dead people cause it grows on trees, and they can print more to give to the lazy, welfare moms, dummies, etc.

Zathras
07-02-2009, 09:02 PM
Taxes need to be raised.

Thanks to the Obumbler's massive increase in spending.


Beacuse when Reagan came into office the debt was below 1 trillion. The debt is now over 11 trillion.

Thanks to a Democratically controlled congress reneging on their promiss to cut spending with Reagans tax cut, which doubled revenues to the government.


The ONLY Democrat to serve in that time was Clinton, he brought us the largest fiscal surplus the planet had ever seen.

"largest fiscal surplus the planet had ever seen" = American population overtaxed. If government is running a surplus it should be returned to the people.


Taxes need to be raised to pay off this massive pile of debt the republicans have created.

And just who controls how the money gets spent in government? And which party has been in control of that part?