Obama's Speech
- Thread starter cawacko
- Start date
As per usual, he makes a very good TelePrompTer speech, and that's not me downing him...he is really good. Basically he pointed out the perceived good parts of the bill....pre-existing conditions, coverage through 25, millions covered now that weren't, etc., noted that there will be needed improvements along the way, and said that now that that's out of the way we can focus on the economy and jobs. Oh, he did not forget to point out that he was against the mandate when Romney was for it but it was seen as necessary to get the law passed at the time. A very good speech.
As a bystander, I cannot help but wonder how we are going to pay for this, and with the economy already moving slowly I can't help but look at the Spain's and Greeces of Europe and worry some. I still feel we want to copy those nations and it will be to our detriment. Maybe I am just a gloom and doomer.
We're not. The highest per capita wealth is in Qatar I believe. (They are also fattest).
I've got friends in finance & economics who are convinced that we're soon to follow Greece & Europe (and that Europe is about to crash). They don't even think this law matters; it's already inevitable.
I choose to be a little more optimistic. You never know what's going to come along to change the course of things economically...
According to the CBO ObamaCare will actually decrease the deficit and will be paid for by lowering costs, identifying fraud (look out Rick Scott!), and through the mandate, among other things.
cawacko
Well-known member
If you believe the CBO this is going to reduce the deficit so cost is not going to be a problem. However I don't believe it partisan to say the CBO report doesn't pass the sniff test in terms of convincing people of that. I believe your instincts are correct leaningright and while I know Dungheap is a strong believer in the CBO numbers I think there is a reason people of all political stripes are at least questioning the supposive costs.
Mott the Hoople
Sweet Jane
Yea. He essentially said he did this for the uninsured but that the last thing we need to do is go backwards to continue fighting this and that we need to move forward and focue on creating jobs. blah, blah, blah.
Mott the Hoople
Sweet Jane
The way the rest of the industrialized world has done it. We implement a standardized payment system and implement cost controls. No more $10,000 MRI bills for a sprained ankle. It's a bunch of malarky that those nations health care costs are contributing to their fiscal problems when their costs are substantially lower, as in by half, than ours.
I just don't think the CBO got both the costs and the revenues so wrong that the bill will substantially increase the deficit. If the CBO's latest projections are wrong by $150 billion, the net increase in the deficit over ten years is $7 billion, which is a drop in the ocean. The CBO would have to be very very very severely wrong for the ACA to have a meaningful negative impact on debts and deficits.
Cancel 2016.2
The Almighty
I would agree that we likely would be headed off the cliff regardless of ACA given the profligate spending of the two parties. However, ACA keeps us heading to the edge at a now accelerated speed. Despite certain peoples claims that it will 'reduce the deficit'.
Mott the Hoople
Sweet Jane
The Mandate/Tax can't do it alone. We need to standardize the financing and we need to implement cost controls. That will take care of the health care contribution to the national debt.
The other half is a discussion of drastically cutting the rediculous amounts we spend on defense. The nation is over reaching militarily, economically and politically. It needs to stop and he need to drastically reduce defense spending to responsible and affordable levels. If we keep over reaching we will have disastrous consequences.
Rationalist
Hail Voltaire
Like that will happen. No, he will talk about anything but the economy and jobs.
This is the only area that I agree with Superfreak, pppatoohy, healthcare costs will break this nation without genuine reform. Now where we differ is how to do it!
Amen and Amen!
Rationalist
Hail Voltaire
That's where the GOP is full of shit. They refuse to cut a single dime from "defense."
"Certain people" like the CBO?
And we're only headed off a cliff if Congress decides to drive us there. The best thing to do to restore fiscal balance is nothing at all. Congress has to actually do something to take us to a fiscal cliff. Current law would have the government running annual deficits of about %5 of GDP, which is entirely manageable.
HE already talks about the economy and jobs, lets not be trying to fool yourself. HE can honestly point to Congress as the bad guys, and citizens already believe this!