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Originally posted by onetime2
Do you honestly believe that Kerry's programs will only be funded by keeping Bush's tax cuts from becoming permanent and by cutting government waste?
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No, I do not think that. In fact, I stated the fact that his numbers are a bit fuzzy and that I did not have all the figures. I will try to get some better numbers (if anyone has them please post them) but I am a bit busy today.
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[i]The problems I have with this theory is that the Bush tax cuts are not yet permanent, so if they do not become permanent that money will be earmarked to other already in the works projects and then we will need to add more money to the till for Kerry's initiatives. [/B]
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So basically, if we make the Bush tax cuts permanent we will only sink deeper and deeper into defecit spending. The idea is to repeal the tax cuts in order to help afford the program. Will that happen - who know's?
What many of us like is that Kerry is stating that he wants to see a program by which most if not all Americans can get health insurance(not a new one, Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Carter and Clinton all thought this idea had merit). His concept will obviously require more money than we currently have coming into the system. The long term effect is that people, across the economic spectrum, will have an increased amount of money to spend, as they are not hindered by paying outrageous sums for health care and/or health insurance. We are a consumption economy and this will allow the people who actually drive the everyday economy to have better/some health care and more money to help drive the economy. Yes this is way over simplified.
edited cause I screwed up.