Quote:
Originally posted by mml
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.
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Health care costs are not significantly weighing down the economic growth of our country. Alleviating the supposed health care pressure across the spectrum will in no possible way generate enough economic growth to offset the costs.
There are three possible ways to fund such a program:
1. Continued economic growth for the life of the program resulting in more tax revenue into government coffers.
2. Less spending on other government programs.
3. Increased taxes.
#'s 1 and 2 are both impossible to guarantee and, by historical standards, unlikely to occur.
That leaves #3.