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Monday, July 20, 2009

Some Thoughts On Healthcare Reform And The CBO

Here's some food for thought in regards to the CBO, deficits, and the concerned conservatives that have issue with the cost of healthcare.

1 - In 2004, the CBO predicted that Bush's tax cuts ( for the richest 1-2% of Americans ) would cost around $2.75 trillion over 10 years. That's more the twice the cost of the Obama administrations proposed healthcare.

2 - When Republicans attempted to spin the cost of the tax cuts, the CBO later found that, through stimulating rather than spending, the cuts would still produce a deficit of around $1.2 trillion which those same Republicans ignored en masse.

3 - The Obama adminstrations healthcare reform proposal will cost less than the occupation of Iraq and the continuing conflict in Afganistan. Of course, Republicans will cry that this money is being used to spread freedom, democracy, and keep American safe. But the reports of money being mispent or simply "lost" are increasing. These stories too are largely ignored by Republicans.

So, due to the practices of the Bush adminstration, we are still within the 10 year buffer zone stated by the CBO. That's $2.3 trillion dollars in deficit that has been left for America.

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