Quote:
Originally Posted by RogueGypsy
---------- Post added at 01:34 PM ---------- Previous post was at 01:29 PM ----------
Easy now, I believe the 'Stimulus Plan' and this health care reform bill have eclipsed any spending the Republicans have done during the life of the party.
So far, the stimulus has been a huge flop and there is no way the outlined taxes and fees are going to pay for this reform bill. No freakin' way.
|
As dc_dux mentioned, these recent plans all are at least partially offset by tax increases.
Medicare part D alone is an unfunded liability not offset by ANY tax increases, and it's unfunded liability has been estimated as being anywhere between 17 and 35 trillion dollars over the next 75 years. The stimulus, which actually contained a hefty chunk of tax cuts that expire, will cost between 1 and 1.5 trillion over its entire life. Similarly, current estimates see the health care reform bill to actually be deficit reducing over the long term. Even if a lot of the offsets never materialize, that is still very far from 17 to 35 trillion over 75 years.