Welcome visitors from 4Simpsons! Thanks for the link Neil!
Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.
Democrats will work on the bill’s details next week as they struggle through “what kind of heartburn” it will cause to agree on how to pay for revamping the health-care system, Rangel, a New York Democrat, said today. The measure’s cost is reaching well beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a 10-year down payment for the policy changes.
Asked whether the cost of a health-care overhaul would be more than $1 trillion over a decade, Rangel said, “the answer is yes.” Some Senate Republicans, including Senator Orrin Hatch of Utah, say the costs will likely exceed $1.5 trillion.
…That won’t be enough to cover the overhaul costs. Obama said this week he plans in the coming days to disclose more proposals for raising “additional sources of revenue.” In a letter last week to Senate Democrats drafting legislation he said he will be proposing between $200 billion and $300 billion in further Medicare and Medicaid cuts.
If you think that tax hikes on “the rich” won’t affect you, you’re naive. The rich are the people you work for. If Obama starts confiscating your money, they will ship your job overseas where taxes are lower. That’s just the way it is. The most productive people in the world are not just going to hand over their money to Obama to redistribute to unions, bureaucrats, the United Nations, ACORN and Planned Parenthood.
Stem cells in India
Meanwhile, here is a neat health care story so you will know where to go for medical treatment (India) after Obama tells you that you will have to wait two years behind people who voted for him.
“It was the first time in eastern India that such a transplant was being performed on a child,” he said….Pramita’s bone marrow, which contain stem cells, was collected from her spinal cord. It was successfully transplanted in her body in April 2009. The entire process took two months during which she was kept isolated in a sterilised room with high efficient particulate air (HEPA) filter. “We will do a follow-up on her health for the next six months since she may contract infection during this period and so has to follow some restrictions. But after that she can lead a normal life and can resume her dance lessons without any problem,” Dr. Mukhopadhyay said.
For more on stem cell research, see this post.
WINTERY KNIGHT 