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WTF are you talking about? The articles I submi

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Post# of 65629
Posted On: 05/12/2016 7:14:10 PM
Posted By: Bhawks
Re: OMO #9191
WTF are you talking about?

The articles I submitted dealt with the effects of the tax cuts, the war and Medicare D on debt. All of that preceded the ACA,.

You have made a blanket statement about 'agendas and you've not laid a glove on the analyses I posted.

I'm going to go De Niro from "The Deer Hunter" on you.

https://www.youtube.com/watch?v=VlmanKoPLyo

This is THIS. This ain't something else. This is this:

Quote:
Tax Cuts, War Costs Do Lasting Harm to Budget Outlook

http://www.cbpp.org/research/economic-downtur...e-deficits

Some commentators blame major legislation adopted since 2008 — the stimulus bill and other recovery measures and the financial rescues — for today’s record deficits.

Yet those costs pale next to other policies enacted since 2001 that have swollen the deficit and that have lasting effects.

Just two policies dating from the Bush Administration — tax cuts and the wars in Iraq and Afghanistan — accounted for over $500 billion of the deficit in 2009 and will account for nearly $6 trillion in deficits in 2009 through 2019 (including associated debt-service costs of $1.4 trillion).

And:

Republicans were keen to make sure that the legislation enacted was theirs, because the Democrats were certain to include cost containment for drugs in their legislation.

It was widely believed that if the federal government used its buying power to pressure drug companies to cut drug prices, the cost of providing drugs to Medicare recipients would be substantially reduced.

But forcing down drug prices would diminish the drug companies’ profits and Republicans were adamantly opposed to that.

Consequently, despite their oft-repeated opposition to new entitlement programs, they got behind the new drug benefit, now known as Medicare Part D, and made sure there was no cost-containment provision.

George W. Bush strongly supported this effort. Looking ahead to a close re-election in 2004, he thought a new government giveaway to the elderly would increase his vote share among this group. According to exit polls, those over age 65 gave Mr. Bush only 47 percent of their vote in 2000, with 51 percent going to Al Gore.

From the beginning, Republicans decided to forgo dedicated financing for Part D. Except for trivial premiums paid by recipients, the entire cost would fall on taxpayers. Moreover, Republicans Through 2012, Medicare Part D added $318 billion to the national debt (see “General Revenue” on Page 111 in the 2013 Medicare trustees report). That same report projects that Medicare Part D will add $852 billion to the debt over the next 10 years.refused to raise the Medicare tax or cut spending to cover Part D. Hence, the deficit increased by virtually the entire cost of the program.







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