Finally, the [House and Senate health care “reform”] bills are fiscally dishonest, using every budget gimmick and trick in the book: Leave out inconvenient spending, back-load spending to disguise the true scale, front-load tax revenues, let inflation push up tax revenues, promise spending cuts to doctors and hospitals that have no record of materializing, and so on.Mr. Holtz-Eakin , former director of the Congressional Budget Office, concludes by arguing that responsible conduct
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In short, any combination of what is moving through Congress is economically dangerous and invites the rapid acceleration of a debt crisis. It is a dramatic statement to financial markets that the federal government does not understand that it must get its fiscal house in order.
will avert a potentially devastating credit crisis, increase national savings, drive productivity and wage growth, and enhance our international competitiveness.Let’s see . . . . Which way should we go? Little Rascals on Meth Excellent Health Care Socialist Adventure or . . . kick ass action to set our house in order?
For administration and congressional leftists in the grip of a life-long redistributionist, foul-the-nest frenzy, it’s a closer call than you think.
What part of "disaster" don't they understand?
"The Coming Deficit Disaster." By Douglas Holtz-Eakin, Wall Street Journal, 11/20/09 (emphasis added).
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