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With America's ABILITY to BORROW EVEN MORE MONEY will Obama be FORCED to BREAK HIS PROMISE AND TAX?
When President Reagan announced a war on drugs, crack cocaine was public enemy number one. Now our government has a different kind of coke in sight—this time it’s “the real thing.”
Congress is desperate to find money to pay for its ambitious healthcare reform. More access to healthcare services for all Americans, better quality care, and more efficiently provided services are the lofty goals but they come at a cost; perhaps more than $1 trillion over the next decade. With the U.S. fiscal deficit already set to exceed $1 trillion annually, finding a way to pay for this expansion of government is a critical, yet challenging, task.
8 Answers
- Anonymous1 decade agoFavorite Answer
It's already a given that Barry WILL raise taxes. He's already broken that promise.
The Washington idiots should listen to Americans. 45% say the stimulus should be canceled. Most know that this won't work and it's not going to create jobs. But will they listen - hell no!
Source(s): Barry is WORSE than Carter! - Anonymous1 decade ago
The government auction recently was revealing in that we had to pay nearly 4% more in interest to coax buyers of our bonds (debt) to loan us the money. It's gonna get much worse, and the higher payments for interest will cause consumer interest rates to rise accordingly. Add to that the new taxes that won't be called taxes but some arcane tag will be attached. Carbon taxes, Value Added Taxes, internet taxes, taxes on excessive square footage in a home, taxes on internet usage, taxes on healthcare benefits from employers, and so many more are in the offing. England is struggling to find money to meet pay the increasing burden of their socialized healthcare system and France now allows private healthcare as part of their solution.
- The PatriotLv 71 decade ago
First of all, Obama is not going to bring in universal healthcare. He wants to make insurance more available to all.
Second, of course universal health-cover sucks. That is why we in Western Europe have it. We think, hmm, our healthcare system sucks. I know, lets keep it. I guess that is the same with Japan and Canada as well.
FACT - the USA spends more on healthcare PER PERSON than any other nation on the planet.
FACT - the US has higher death rates for kids aged under five than western European countries with universal health coverage.
That means that a dead American four year old would have had a better chance of life if they were born in Canada, France, Cuba, Germany, Japan etc, all of which have universal health coverage.
Source(s): http://en.wikipedia.org/wiki/Health_care_in_the_Un... http://www.guardian.co.uk/world/2007/sep/13/usa.he... https://www.cia.gov/library/publications/the-world... http://www.guardian.co.uk/world/table/2008/oct/01/... - rohrbaughLv 44 years ago
Social secure practices is a central authority Ponzi scheme. on the grounds that LBJ, the social secure practices money have been relocated to the final fund and altered with a central authority IOU (that are much less efficient than the IOUs Lloyd and Harry located interior the briefcase interior the action picture, Dumb and dumber). In Flemming v Nestor the final courtroom governed that social secure practices became particularly a tax. As such, those contributing had no say of their contribution and no assure of receiving any return.
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- Anonymous1 decade ago
There are $2 trillion of potential savings in our health care mess. Even the for-profit companies acknowledged this publicly. Those goals are worth the cost. America pays more for health care than anyone, but an American woman is 50% more likely to die in childbirth than a Canadian woman. Enough of right right wing's obstructionism. Enough of Frank Lutz's fear-mongering. We will have real health care in this country, and if we have to roll over you to get it then so much the better.
- Anonymous1 decade ago
http://www.economist.com/opinion/displaystory.cfm?...
This is a very interesting article on the topic. Read the comments as well, people have a lot of different and interesting opinions on the matter.
- Anonymous1 decade ago
This FAKE recession is a HOAX
All apart of a plan to make Obama look like a SAVIOR
Trust me the Economy will BOOM before Obama is out of office.
- goo_head_83Lv 71 decade ago
How are we suppose to get rid of the deficit. We will all be paying for it.