SI
SI
discoversearch

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 : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (15718)3/31/2010 3:22:54 PM
From: TimF1 Recommendation  Respond to of 42652
 
he is also concerned about this effect; he has done everything but rent a skywriter to point out that if the revenue/cost cutting portions of the bill turn out not to be politically sustainable, we will be left with a budget-busting new entitlement.

Even in the unlikely event that they do turn out to be sustainable we are still left with a budget-busting new entitlement. The net budget balance cost, even without later "fixes", is likely to be higher than estimated. And in the even less likely event that both the budget balance positive parts all get kept, and the net direct budget effect turns out to be positive, its still amounts to a budget busting deal since it creates new spending, while "using up" the "low hanging fruit" that could otherwise be used to deal with the serious long term problem of entitlement spending. Even before Obamacare entitlement spending was projected to grow to an unsustainable portion of the economy. Extra spending makes that problem worse, and new taxes, don't relieve the problem.