SUBSIM Radio Room Forums - View Single Post - Geithner secures more time to break US budget stalemate

Armistead · 05-03-11, 08:31 AM

The longer you delay it the more unstable the markets will be. Still, with government never seems about the money, but where they spend it. In the end real studies show neither party has a plan that really cuts much of anything, just moves money around to where each party wants.

Ryan's plan eliminates all the new coverage in the Affordable Care Act and most estimate that would add another 15-30 million
people to the uninsured. Add to that cut another big chunk out of Medicaid, food stamps and other social services. That saves about 3 trillion. But he wants to give that all back by making the Bush tax cuts permanent, that would cost 4 trillion. Of course this is back to voodoo economics, give the money to the corporations and top percent and they'll invest it in america causing the trickle down effect.

Guess it's a matter of who you trust.

05-03-11, 08:31 AM	#2
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	The longer you delay it the more unstable the markets will be. Still, with government never seems about the money, but where they spend it. In the end real studies show neither party has a plan that really cuts much of anything, just moves money around to where each party wants. Ryan's plan eliminates all the new coverage in the Affordable Care Act and most estimate that would add another 15-30 million people to the uninsured. Add to that cut another big chunk out of Medicaid, food stamps and other social services. That saves about 3 trillion. But he wants to give that all back by making the Bush tax cuts permanent, that would cost 4 trillion. Of course this is back to voodoo economics, give the money to the corporations and top percent and they'll invest it in america causing the trickle down effect. Guess it's a matter of who you trust. Last edited by Armistead; 05-03-11 at 08:41 AM.