Wednesday, January 26, 2011

Fwd: SOU

From: larry.r.trout

'So tonight, I am proposing that starting this year, we freeze annual domestic spending for the next five years. This would reduce the deficit by more than $400 billion over the next decade, and will bring discretionary spending to the lowest share of our economy since Dwight Eisenhower was president.'…This leads to the 8 cents on the dollar scenario, because domestic spending is crowded out by interest on the national debt and entitlements.


Republicans propose returning to 2008 then 2006 spending levels for a total savings of 2.5 trillion over the next 10 years.

'This means further reducing health care costs, including programs like Medicare and Medicaid, which are the single biggest contributor to our long-term deficit. Health insurance reform will slow these rising costs, which is part of why nonpartisan economists have said that repealing the health care law would add a quarter of a trillion dollars to our deficit.'not because of slowing of rising costs, but because $770 billion in tax increases over 10 years.

''Still, I'm willing to look at other ideas to bring down costs, including one that Republicans suggested last year: medical malpractice reform to rein in frivolous lawsuits.'

This should have been in Obama's original health reform proposal, and may have been the best way to reduce rising medical costs.

'And let's make sure what we're cutting is really excess weight. Cutting the deficit by gutting our investments in innovation and education is like lightening an overloaded airplane by removing its engine. It may feel like you're flying high at first, but it won't take long before you'll feel the impact.'…Is he talking about what will happen if we get rid of Coal and Oil?...or attacking Insurance  and Pharmacutical companies? Or just tax policies? So many ways to understand this analogy.

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