Friday, November 5, 2010

CONGRESS BREAKS IT'S OWN LAWS; WE PAY THE PRICE

   In 1997 congress passed a law to limit the growth of medicare payments to the rate of GDP growth. To pay for the new health care bill, we were told that medicare payments would be cut 30%.

  Every year since 1997, congress has broken the law it passed and has postponed the reduction in medicare payments.So it sure looks like the 30% reduction promised to help pay for the new health care bill is not very likely.

  What this means is an ever increasing deficit as congress continues to take today's problems and push them out into the future where the fix will be more painful and costly. We are close to the tipping point,like Greece,&France, and congress seems intent on rushing us there as fast as they can.

 

No comments:

Post a Comment