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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (519112)	10/8/2009 2:37:48 PM
From: jlallen	Read Replies (2) \| Respond to of 1576865

I think it assumes the magical $400 billion in Medicare savings....

To: Brumar89 who wrote (519112)	10/8/2009 2:40:13 PM
From: Tenchusatsu	Respond to of 1576865

Brumar, the only way a new government entitlement program reduces the deficit is if revenues from new taxes are projected to be higher than the cost of said program. I suspect, however, that the CBO is overestimating the tax revenues and underestimating the costs. There is no sound accounting method to determine the effect new taxes will have on the economy, nor is there any method to determine just how much demand for health care will increase when people figure out they can get something for nothing. Rationing will be inevitable, but both sides are too busy playing the blame game to come up with any solutions. Tenchusatsu