After a night's rest, I softened up a bit, thinking that you may need some hand-holding to come to face this health care cost issue realistically. So here are a few lines from the the other post:
"In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."
C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.
So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.
So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.
So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.
Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything..."
So from what O says, any expenditure on health care reform must be paid for by borrowing or printing money, because it is all above the current year's deficit level.
His problem is that health care cost with government intervention will also continue to grow and grow and grow until essentially it consumes everything..."--only faster.
Apparently you failed to get enough sleep because again you have drifted into the weeds, off focus. To bring it back a bit, YOU posited the following:
Originally Posted by bottomline1
Based on the amount of borrowing required we just cannot afford massive healthcare reform even if it were a workable solution.
I asked you to back that up by defining the borrowing required to fund this "massive healthcare reform" and twice you try to shift your comment to the general deficit, even though that is not what your original position was.
Focus. Could it be that you have no data to back up your position regarding funding of healthcare reform. Or could it be you just need more rest.