The Democrats are selling the new Health Care Law in terms of reducing the National Debt. They do not offer the how and why the deficit will be reduced. There is no discussion about how they are going to pay for Health Care and the Reduction of future debt that will supposedly result from placing this new financial burden on the American people.
It does not take a Rocket Scientist to figure out how the new Government Health Care Law will be paid for and the alleged budget reductions that are being touted.
The money will come from higher taxes, period. This financial model will follow the government loans made to the financial institutions and their amazing ability to turn new profits and begin the process of paying back their federal loans. The government expectation was that it would take considerable time for the Banks to pay the money back.
How did the Lending Companies make such a quick turnaround? They were given the mandate to fix their financial plight. The lending companies went through a process of reevaluating the credit worthiness of their customers. This resulted in much higher interest for credit and a stronger scrutiny of the borrowers.
The Government Health Care Reform Model will follow the same line as the financial lending program. Tax Rates will be raised much the same as interest rates were raised by the lending institutions.
Nothing is free. American tax-payers are not stupid. They understand what will happen as demonstrated by the Tea Party Movement and the resurgence of Fiscal Conservatism.
Contributor: Common Cents