Tuesday, July 21, 2009

How To Pay For Health Care

One of the biggest debates about Health Care is how exactly the U.S is going to be able to afford it. In a matter of about a half hour and the search engine Google, I found a simple way:

Bush tax cuts: $176 Billion per year

Defense spending: $710.2 Billion per year

Projected HC Reform cost: $1.2 trillion for 5 years

So, let’s get rid of the Bush tax cuts. Economists from both sides of the aisle agree that the cuts overwhelmingly benefit the rich (those making over $250,000). Eliminating just those would chip off $880 Billion. That leaves the only $320 Billion. The U.S accounts for 47% of the world’s military spending. 2nd place is the entirety of NATO which accounts for 23%. If we cut defense spending by just 10% per year, we would still hold an overwhelming military advantage, and we would save $355.1 Billion in five years. Furthermore, repealing “Don’t ask Don’t Tell” would save a projected $1 Billion in military recruiting costs in 5 years time. So that’s how we pay for health care, in the process we save our military a hassle, maintain our military advantage, and revoke a tax cut that roughly 10% of our population truly benefits from, and create a $36.1 Billion surplus. Sounds like a plan to me.

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