Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (38796)	11/20/2009 2:00:37 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 71588

ROTFL the Democrats' latest health care plan would hold down federal red ink for at least a 20-year stretch More like it would generate a river of red ink for well over 20 years. The way they got it to run so cheap was by not implementing it for 5 years. If you believe that I have some swamp land in Florida you will love.

To: DuckTapeSunroof who wrote (38796)	11/20/2009 7:20:44 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Congressional budget crunchers Thursday said the Democrats' latest health care plan would hold down federal red ink for at least a 20-year stretch Start taxes early, start spending later, then add in cuts that you know are going to be canceled later on, and otherwise structure the program to score well with the CBO without actually containing costs and sure you can get a projection that it cuts the deficit. But in reality it will increase the deficit. Beyond that the impact on the deficit is hardly the only point to consider. The real point is its cost. If it adds trillions of new taxes (over the 20 year period), that is a minus not a plus. It doesn't undo the harm of the extra spending. Also estimates of the costs of new federal programs have typically been low. Often around half the real cost, and the difference is typically even greater when your talking about federal medical programs.