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Posted: 8:24 a.m. Wednesday, July 29, 2009

TAX INCREASES AREN'T GOING TO CUT IT 

By Neal Boortz

A blogger by the name of Keith Hennessey has done a great analysis of how the Congressional Budget Office has virtually destroyed the House Democrat healthcare plan. Take a look at the first conclusion and then explain to me why there are still people in this country who buy into this government healthcare scam.

Conclusion: CBO says that because the proposed new health spending would grow faster than the proposed new income tax increases, the House health bill would increase the long-term deficit. Since the President has said he would not sign a bill that increases the long-term deficit, the bill is dead in its current form. Any tax increase that would grow more slowly than the proposed new spending faces the same irreconcilable problem. The only way to solve this problem and meet the President's long-term goal is to cut health spending or tax employer-provided health insurance.

The whole thing is worth a read.

 
 

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