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Politics : A US National Health Care System?
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To: Road Walker who wrote (14766)3/19/2010 7:02:01 PM
From: TimF  Read Replies (1) of 42652
 
As I said before I'm not a fan of the drug program.

But saying this program will reduce the deficit doesn't or even that it will increase it less than Part D is what doesn't pass the smell test.

And the direct effect on the deficit is hardly the only or even the primary issue. Passing a new tax or increasing an old one doesn't make the spending one penny cheaper. You're still increasing government spending by a large amount. Which is itself a major negative, and which also makes the government's fiscal balance situation worse since the taxes you raise to cover the cost of the new spending, can't be used to separately reduce the deficit. You can only tax so much out of the economy. This program reduces what's available to tax for deficit reduction.
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