Originally Posted By: Derid

What about him? You know well that I did not support Bush. Raising taxes to pay for those wars does not appear to be necessity.

I am talking about long term structural issues, regarding recurring and ballooning expenses. Though TARP is questionable. Long term, politicizing banking will do liekly more harm than a non-TARP meltdown. Though finance is such a complex issue, it cannot be intelligently discussed with one and two liners, and how alternatives would have worked will forever be entirely speculative.

Also talking about our current Obama supported monetary policy where the Fed just keeps printing more and more cash to inflate our way into less debt. ( relatively speaking )

Again you make my point though, with all the Bush expenses - combined with the general state of the deficit and economy, how can you begin to justify Obamacare.

You also havent responded to any of my queries.


Lets talk about Obamacare. The CBO - The congressional budget office is a non-partisan arm of the congress. They were required to report on the impact of HR 3950. I am going to quote fro that report that was submitted to congress.
Quote:
H.R. 3590 would, among other things, establish a mandate for most
residents of the United States to obtain health insurance; set up insurance
exchanges through which certain individuals and families could receive
federal subsidies to substantially reduce the cost of purchasing that
coverage; significantly expand eligibility for Medicaid; substantially reduce
the growth of Medicare’s payment rates for most services (relative to the
growth rates projected under current law); impose an excise tax on
insurance plans with relatively high premiums; and make various other
changes to the federal tax code, Medicare, Medicaid, and other programs.
The reconciliation proposal includes provisions related to health care and
revenues, many of which would amend H.R. 3590. (The changes with the
largest budgetary effects are described below.) The reconciliation proposal
also includes amendments to the Higher Education Act of 1965, which
authorizes most federal programs involving postsecondary education.
(Those provisions and their budgetary effects are described below as well.)
Estimated Budgetary Impact of the Legislation
CBO and JCT estimate that enacting both pieces of legislation—H.R. 3590
and the reconciliation proposal—would produce a net reduction in federal
deficits of $143 billion over the 2010–2019 period as result of changes in
direct spending and revenues (see Table 1). That figure comprises
$124 billion in net reductions deriving from the health care and revenue
provisions and $19 billion in net reductions deriving from the education
provisions. Approximately $114 billion of the total reduction would be onbudget;
other effects related to Social Security revenues and spending as
well as spending by the U.S. Postal Service are classified as off-budget.
CBO has not completed an estimate of the potential impact of the
legislation on discretionary spending, which would be subject to future
appropriation action.


A NET REDUCTION OF 143 BILLION DOLLARS!

I dont know why you choose to believe the liars from the right on this issue. These are the facts from the CBO.


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