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“Close tax loopholes that allow some of the truly wealthy to avoid paying their fair share,” Reagan vowed.
Bump. The biggest cause of our budget deficit and growing debt and....nada?
Exciting. Will revisit when more sober
What is happiness? The feeling that power is growing, that resistance is overcome.--Friedrich Wilhelm Nietzsche
Do. Just as big news for our economy as unemployment rate and jobs figures, if you think about it.
Where are all of the conservatives that usually go nuts over health care costs?
The article highlights the real concern:
"Regardless, the good news on health care costs shouldn’t make us complacent. Despite the slowdown, total Medicare spending is still rising, because more and more baby boomers are becoming eligible for the program every day. The number of beneficiaries is projected to grow 3 percent each year. As a result, total Medicare expenditures are projected to rise to over 4 percent of the G.D.P. by 2023 and to 6.7 percent by 2037. This is a looming threat to the nation’s long-term fiscal stability."
And the medicare spending isn't the only piece of the puzzle. Costs will skyrocket from abuses that will come from all the free riders. You don't insure an additional 40MM people who will be obligated pay nothing and expect total expenditures to go down. They're just playing accounting games by quoting certain sections of the budget - look at TOTAL entitlement expenditures 4 years ago, now, and on a 20 year projection and the problem speaks for itself.
This post was edited by phear_SC 14 months ago
Cry Havoc; and let slip the dogs of war!
That is definately the concern. Slowing the rise in costs is important, but we cannot do anything about the demographics (short of death panels).
No one is denying that entitlement spending projections are still a problem. We need Medicare reform that looks at competitive tendering, payment-by-results and penalizing overspending (see the New Yorker article on McAllen, TX's Medicare costs which has got all health economists talking). I would even be cool with trying the Romney/Ryan voucher experiment on a limited basis to see if it would work.
Also, it depends who the 40m are. Many are college students who are more healthy than the insurance pool, which would drive down costs. Many newly-insured would be people who would otherwise simply count as bad debt at hospitals which leads to higher premiums for everyone. There certainly isn't an exact access:cost ratio.
And, as anyone who has looked into this knows, one of the largest driver of Medicare costs are indeed end-of-life issues. Obamacare was right to address it. I wish we had more debate about this issue without simply people demogoguing it.
Once the left gets their immigration "reform" (codename: amnesty) you're going to see a 3 generational explosion in entitlements (including healthcare) that america won't escape. Economies of cheap labor don't work in a welfare state.
While we're talking about demographics I'd be curious to hear your thoughts on the matter. Personally, I continue to see illegal immigration as the country's biggest issue because of the economics.
he has a record, what are you liberals doing with your 2500 dollars in saving LMAO....oh ps check your tire pressures it is the only relief to high gas prices....
This post was edited by FanofSC 14 months ago
The article deals with most of the points here. Do try and honestly look at the facts rather than just cherry-pick things to suit your biases.
Healthcare has to change regardless. And most of the explosion of costs is due to retiring baby-boomers. I guess you could argue that your 3-generational point makes this moot, but it's the costs/individual more than the number of individuals that is so out of whack. When you compare the cost as a % of GDP for healthcare in this country compared to almost any other industrialized country, it shows that we are dangerously out of kilter with anything sustainable. Just like sky-high defense spending without any real strategy to justify it beyond dealing with it would be too politically difficult. So my problems are not so much related to immigration in that respect. It's an existential threat to the US's long-term fiscal health regardless.
As for immigration. We are a nation of immigrants. My great-grandparents came through Ellis Island. And we were a land of opportunity. If you wanted to climb the ladder, with enough effort, you could. But the social contract has broken down. Inequality has exploded, social mobility has ground to a halt (lowest social mobility in the OECD- so much for The American Dream). Partly it is the fact that American manufacturing has had its lunch eaten. Mass manufacturing used to be a path from the shop floor to the middle class. It isn't clear an economy built on services can say the same. The decline of unions has seen wages unhinged from marginal productivity and undermined incentives to invest in the American workforce. The decline in corporate stewardship on the altar of shareholder value, the decline in marginal income taxes that have no basis in providing smart incentives but only class war. The rise in special interest money meaning that those with advantages get more while those who need government help get attacked etc etc etc
Essentially, I would have no problem with moderately-paced immigration. But the economic building blocks that allowed for integration and mobility have been destroyed by folks with a cartoonish idea of economics. The system is broken. I would prefer to fix it first. So, in that sense, perhaps we are agreed.
Long-winded reply, but I hope useful nonetheless...
facts are 3000 dollar increase.....thats the fruit you pick it.....he lied about 2500 dollars in savings.....
now go check your tire pressures ........
You are kidding, aren't you?
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