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>Universal healthcare for ALL Americans would seriously reduce costs. 18% of our GDP currently goes to healthcare. That is at least 50% more than the next most expensive country.
Reducing the profit taking portions of the healthcare industry reduces costs for all businesses.
Hahaha. At least it’s better than your normal confusion, and just wrong. The total profit level of the insurance companies is small compared to what’s spent on Medicare right now. The idea that eliminating these will have any positive impact on the budget, not so bright, especially when you are now spending on health care for more people, so higher budget deficit.
#86 MikeN
I see how it might be possible. Now we have 2 government bureaucracies who manage health care for the poor and the aged. Single payer could add a third, yet it wouldn’t need to. One org could manage all of it – universal coverage may cost more to cover more people, but there are also savings in not duplicating bureaucracy, less need for enforcement for who qualifies, having a larger pool with a better distribution of sick vs well (medicaid/care is very lopsided), having a stronger bargaining position with drug companies / health care providers, and not having to please stockholders by making a profit.
#87 Can you link to that 85% figure? Cause that’s not what it says here:
http://www.politico.com/news/stories/0611/56582.html
or here
http://blogs.wsj.com/washwire/2011/06/15/poll-finds-growing-support-for-lifting-debt-ceiling/
When we defaulted on some T-bills in 1979 – not due to debt limit but due to a temporary technical issue – interest rates went up.
This time the default would be much worse, on a larger scale, and during a time when the economy is still weak. Ratings companies are threatening to downgrade us. Wall st is ansty due to the uncertainty it breeds.
This is hurting us now and will hurt us worse if we default.
Sensible reforms, sensible tax policy that pays the bills.
#80,
tcc3,
End the wars, cut the military budget. its a huge chunk of our budget and its a sacred cow few are talking about. We can be safe without subsidizing the mil/ind complex.
I agree with this.
Put taxes back at 1990’s levels. Not a huge increase, and it was working fairly well before
Now we are getting somewhere.
Here is a historical chart showing the Effective Tax Rate vs % of the GDP the Budget consumed from 1993 through 2007. I can’t get effective tax rates after that (tax extensions and things like that prevent a final number from being calculated).
This comes from the government itself so if you want to argue with these numbers, take it up with them.
Year ETR %GDP Def $T Revenue GDP $T
1993 22.0 36.31 3.83 2.42 6.6674
1994 22.3 35.38 2.87 2.51 7.0852
1995 22.6 35.54 2.21 2.64 7.4147
1996 22.7 34.69 1.37 2.72 7.8385
1997 22.9 33.77 0.26 2.81 8.3324
1998 22.6 33.24 -0.79 2.92 8.7935
1999 22.9 32.65 -1.34 3.05 9.3535
2000 23.0 32.56 -2.37 3.24 9.9515
2001 21.4 33.38 -1.24 3.43 10.2862
2002 20.7 34.75 1.48 3.70 10.6423
2003 19.8 35.28 3.39 3.93 11.1421
2004 20.1 34.82 3.48 4.13 11.8678
2005 20.6 34.79 2.52 4.40 12.6384
2006 20.7 35.06 1.86 4.70 13.3989
2007 20.4 34.98 1.14 4.92 14.0776
2008 36.94 3.19 5.33 14.4414
2009 41.76 10.01 5.90 14.119
2010 39.97 8.92 5.80 14.5082
2011 10.91
Clinton Bush II
Average %GDP for Budget 34.3 34.5
Total Revenue as %GDP 34.1 34.9
As can be seen, during the Bush years, we were bringing in MORE than we did in the Clinton years as a percentage of GDP.
If we drop back to 1993 levels, we’ll take in less, percentage-wise (inflation affects the value of the dollar), then we are now.
It is hard to admit, I know, but Tax revenues increased under Bush more than they did under Clinton.
What made Clinton look good was he spent way less than Bush.
A chunk of the deficit is lost revenue from the economic downturn
I agree with you. Job creation is in the private sector, though. The government only spends money. It doesn’t make it. It think everybody can agree on that.
Raise or eliminate the payroll tax to fix the SociSec funds we raided to pay for shit the last few decades.
And that is a major part of why we are in such dire straits. I absolutely refuse to raise my or anybody’s taxes to help fund things that were never meant to be funded. Why should we give congress a pass on this fuck-up?
There is some logic to the idea that the retirement age should be higher
Mondo-logic. I recommend increasing the retirement age two years, every year, until the retirement age is one year older than average life expentancy in this country. That was how it was originally set up. Unfortunately, we never kept it up but people kept living longer. Hell, it won’t be long and people will be drawing on SS longer than they actually worked to pay into it.
Healthcare and Mr. Fusion’s comments on it, too.
Government run healthcare will end up in the same shape as it is in Hawaii and Mass. Broken. Anytime you give something away for “free,” people think it is worth that much and will consume it until there is nothing left.
Plus the fact that if you cap costs, which you WILL have to do, you are turning all healthcare providers into government employees. Picture doctors going on strike because their union told them to.
One thing people don’t realize is that the federal government has historically taken in ~21% of GDP for its operation since the income tax was implemented. It only varies a couple of percent every year or so. Blaming the deficit and the debt on tax cuts is easy. Admitting that we have over-spent on what we do bring in is hard.
If you look at the Clinton years, the taxes were never enough to pay for what the government wanted. We had to cut massively. We are bringing in roughly the same percentage of the GDP as we did then. We are just spending way more than we did then.
Dammit. Tables didn’t tab right.
#90 “And that is a major part of why we are in such dire straits. I absolutely refuse to raise my or anybody’s taxes to help fund things that were never meant to be funded. Why should we give congress a pass on this fuck-up?”
How is that a pass? Not that the fund shouldn’t have been raided, but it was. Now it needs to be paid back. We avoided a tax increase in the past by using the SS money. Maybe we should have done without instead, but we didn’t and the money is owed.
You cant borrow money and then decide the debt is null once you decide borrowing it was a bad idea.
You think raising taxes to pay a debt is wrong. I think taking peoples money for a program that helps them, misusing it, promising to pay it back and then defaulting is worse.
#92,
tcc3,
The reason I feel this way is our reps need to be held accountable. They should take the money from their other pet projects.
They’ve increased our debt by trying to fund everything under the sun to make themselves look good to their districts. It’s time they went back to their districts and said, “oops.”
SS tax revenue should be able to pay for the current obligations but that fund has been raided. Cut out the other programs.
By letting them raise that rate, you are effectively telling them that it is ok to raid that new money, too.
Congressmen are like teenagers. Eventually, you have to cut them off so they’ll learn the lesson.
tcc3–you said: “universal coverage may cost more to cover more people”==which is wrong as even you know as you continued with: “but there are also savings in not duplicating bureaucracy, less need for enforcement for who qualifies, having a larger pool with a better distribution of sick vs well (medicaid/care is very lopsided), having a stronger bargaining position with drug companies / health care providers, and not having to please stockholders by making a profit.”
Don’t give Lyin’ Mike a chance. He only tells the truth when he’s lying for some other purpose. ((Thats a joke, Mike does post incongruously from time to time.))
Its not the profit of Insurance Companies that is relevant in cost savings: its the entire process–the advertising, the contracting, the claims, the client selection, the peer review==the entire function of all insurance companies is excessive cost NOT REQUIRED when single payer is adopted.
Let’s keep our eye on the ball.
#96 TeaDud
If that’s really what you want, then you’re going to have to do better than the current crop of losers.
tcc3, then the government should start by merging the existing health care they do provide and show that savings, prove this theory correct.
#99 Teadud
That’s because Generic is far more interesting than any of the current nominees.
I guess the tea party is also outraged that Exxon Mobil didn’t pay taxes. Or Citibank. And I agree about GE. In the 2010 election cycle their top political contributions were to GOP candidate Rob Portman who previously served in Bush’s cabinet.
Leave HTML tags for the grownups Voice.
Should be fixed now I hope.
Nope. Hmmm.
Sad but true: http://tinyurl.com/3wunowe
#102,
foobar,
What were you saying 🙂
I suck 😉
There’s a malformed italics tag in comment #90. The tags are now nested so deeply your browser can’t figure out how to fix it.
In response to the possibility Obama might lose, liberals are already at work saying George Bush is a reasonable moderate compared to the current contenders. Of course I predicted this would happen. Another year for them to say the current candidate is a total dummy, and actually George Bush was pretty bright.
http://washingtonpost.com/opinions/after-gop-debate-feeling-nostalgic-for-george-w-bush/2011/06/15/AGgbrWWH_story.html
#109, From the article:
The reform now needs to be reformed, of course, but it was a serious initiative.
Typical Politispeak for, “No government program is a failure, no matter how poorly it has performed.”
109–Mike==I agree with you. Nothing removes BushtheRetard from the bottom of the heap. Nothing except the reality of criminal conduct. We shall see.
110–Loser==I’m not gonna read the article because it is axiomatic that all reforms need to be reformed. The truth is always corrupted/used for nefarious purposes by those like YOU who wish to do so.
As you say: typical. Now, go reform yourself.
51, Bobbo,
The Republicans are doing the very thing their constituents wanted. The Dems lost power at the federal and state level in your particular scenario simply because voters put many Dems out of office due to shoving ObamaCare, Stimulus Plan, Cash for Clunkers, and other entitlements down the throat of taxpayers.
Strategy of the Obama Administration seems to be that the first two years will be Bush Administration’s fault. The next two years will be the fault of Republicans in the House for his failures. Bottom line is he won’t take responsibility for his failures because he will lay blame on others.
As opposed to what? What excuse or blame are the Dems trying to use so as to shirk any responsibilities for dereliction of duty? They did not pass a budget last year for the current fiscal year. But I’m sure you’re the kind of tool who will gladly defend their laying blame when they had nothing in their way (except for voter wrath).
80% eh? Interesting how you seem to pull supposed facts from where the sun doesn’t shine.
Maybe, maybe not. We’ll just have to see what hope and change combined with continued high unemployment will do for the current administration and their blame game.