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Originally Posted by Danzig
when you trumpet the 500 billion in savings, you conveniently leave out the corresponding 627 billion in medicaid increases.
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What are you specifically referring to? The increased cost of picking up more people into the plan under the ACA? That's financed elsewhere in the plan. The CBO did score the ACA a "zero increased cost" bill (meaning it's costs are paid for by savings within the plan)
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one problem is that they did their figuring with the tax cut expiring in '10, which of course didn't happen. so now their figures would be that much worse.
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Yes.
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and we still are currently paying less into our ss than we're supposed to-one of the supposed economic fixes they passed. problem is, the few dollars in our pockets doesn't do much, but the widening gap between income and outlays regarding the federal govt is hampering our economy far more than any temporary increases in our take home pay can fix.
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I agree. But that payrolls savings a temporary fix that does keep a bit of cash in our and our employers pockets during a recession, which is needed.
Again, long-term vs short-term debt in a recession. The stimulus was, in retrospect, only about half of what was needed. We need to get our spending down, but our income has to go back up, too.
I was massively disappointed to see every GOP presidential candidate would refuse even a 10-1 spending cuts vs tax increase offer. That's economic suicide for this country (as Standard and Poor's clearly said in their downgrade). I cannot vote for any one of them, including Perry, due to that.
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both parties must be willing to give a little on their favorite part of their party. there must be changes to the poorly named entitlements, and there must be tax reform, and an expiration of the bush/obama tax cuts.
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It was a start with the "big deal" $4 trillion Boehner-Obama deal, but the Tea Party nixed it.
Obama will give back some defense money in the "Cat Food Commission Two" for exchange of expiration of tax cuts for the wealthy (leaving tax cuts in place for what used to be the middle class and the poverty classes) Which is really no "exhange" at all, in my book, as the tax cuts will expire in entirety on their own if we just ignore them.
Do you support the idea of the infrastructure bank? It think that's great idea (google it)