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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