Posted on 10/13/2009 8:00:33 PM PDT by MissesBush
Remember when health-care reform was supposed to make life better for the middle class? That dream began to unravel this past summer when Congress proposed a bill that failed to include any competition-based reforms that would actually bend the curve of health-care costs. It fell apart completely when Democrats began papering over the gaping holes their plan would rip in the federal budget.
As it now stands, the plan proposed by Democrats and the Obama administration would not only fail to reduce the cost burden on middle-class families, it would make that burden significantly worse.
Consider the bill put forward by the Senate Finance Committee. From a budgetary perspective, it is straightforward. The bill creates a new health entitlement program that the Congressional Budget Office (CBO) estimates will grow over the longer term at a rate of 8% annually, which is much faster than the growth rate of the economy or tax revenues. This is the same growth rate as the House bill that Sen. Kent Conrad (D., N.D.) deep-sixed by asking the CBO to tell the truth about its impact on health-care costs.
To avoid the fate of the House bill and achieve a veneer of fiscal sensibility, the Senate did three things: It omitted inconvenient truths, it promised that future Congresses will make tough choices to slow entitlement spending, and it dropped the hammer on the middle class.
One inconvenient truth is the fact that Congress will not allow doctors to suffer a 24% cut in their Medicare reimbursements. Senate Democrats chose to ignore this reality and rely on the promise of a cut to make their bill add up. Taking note of this fact pushes the total cost of the bill well over $1 trillion and destroys any pretense of budget balance.
(Excerpt) Read more at online.wsj.com ...
If Reid includes a public option in the reconciled Senate bill, it will be the last nail in his political coffin in Nevada. If he doesn't include one, Senate liberals will go into open rebellion and maybe even seek to replace him as majority leader. Get the popcorn. This is going to be good.
"I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."
Barack Obama
Hussein again needs Stephanopoulos and his dictionary to explain the meaning of ‘tax’.
So was the McCain-Lieberman-Warner carbon tax bill.
And Douglas Holtz-Eakin was a McCain adviser, so he can go stuff it where the Sun doesn’t shine.
For the whole series of Zero dollar bills, go here:
yes it is and healthcare will be no care...
Ponzi scheme #1001 to loot the taxpayer.
Tax 'em when they're up, tax 'em all around.
No s*** Shamus. Is that supposed to be a revelation?
Let's see how the RATs manage to make the labor unions immune from this tax. Would this effect government employees?
No problem whatsoever. Stroke of a pen followed by 60 votes, and labor union plans are exempt.
i thot all tax bills had to start in the h of reps...according to constit.
Bump
It already did.
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