With a projected $1.8 trillion deficit for 2009, several trillions more in deficits projected over the next decade, and with both Medicare and Social Security entitlement spending about to ratchet up several notches over the next 15 years as Baby Boomers become eligible for both, we are rapidly running out of other people's money. These deficits are simply not sustainable. They are either going to result in unprecedented new taxes and inflation, or they will bankrupt us. http://online.wsj.com/article/SB10001424052970204251404574342170072865070.html
CEO John Mackey of Whole Foods wrote an op-ed in the Wall Street Journal on August 11th that received ridicule and liberal groups started boycotts of Whole Foods, all because he was against the public option. John Mackey is no conservative, and is a self styled progressive on various issues. Everyone realizes health care reform is long overdue that the current pace is unsustainable! The current plan articulated by the President on September 9th hasn’t addressed how we will begin to pay for the current proposals now in the congress. The Congressional Budget Office (CBO) issued a report in July stating that the current plans now being debated in Congress do nothing to reduce the cost of health care and at present will cost the U.S. tax payer over $1.6 trillion dollars. This on top of almost $10 trillion dollars we are currently in debt for. Even the Republican response to the president’s proposal doesn’t address how we will pay for health care reform or how we cover the uninsured. As the President spoke once enacted it will not take effect for four years. This way it gives us time to flush out the bugs! If that is case what is the rush! John Mackey has some good points, let's review all proposals, not listening to someone just because we disagree with them will only serve to undermine this nation! Let’s have true bipartisan approach and let’s set down and craft something that we can be proud of, if not then we will regret what we did!
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