We could all have $10 million for health care


Published on Saturday, October 17, 2009 8:39 PM AKDT

To the editor:

Strap on your George Orwell model 1984 environmentally friendly propeller-driven beanie, newspeak, doublethink thinking cap because here comes some new math.

When President Obama recently addressed Congress he included the statement, “If we are able to slow the growth of health care costs by just 1/10 of 1 percent, then we should reduce the deficit by $40 trillion over the long term.”

I know, let’s freeze the amount of health care spending, using the admitted amount of waste, fraud and abuse for needed actual health care and we could reduce the growth by 100 percent for a savings of $4 quadrillion ( $4,000,000,000,000,000) over the long term.

This is $13.33 million for each of the 300 million Americans. I propose we give each American a $10 million health care savings account. The remaining $1 quadrillion could set up an annuity that could provide around $5 trillion annually to fund the federal government.

They would no longer need personal, corporate, excise or real estate taxes. At least not until they were broke again.

The only way these projections won’t work is if the president’s numbers are not reality based, but then we must all answer the question, “How many fingers do you see, Winston?”

James Garhart

Wasilla

Comments

6 comment(s)

    Palmer Farm wrote on Oct 20, 2009 3:01 PM:

    " The Federal Government has known for years that the best way to jump-start a failing economy was to get as much money in the hands of the populace as possible. Don't believe it? Look at how and why unemployment insurance was created during the depression. The notion of big-spending to 'stimulate the economy' was put to paper during the late '60s and into the '70s by radical politicians. It was a theory; an idea stemming from socialism...that so far has proven to be a failure EVERY time. Look it up. Start with World History. "

    Littlebird wrote on Oct 19, 2009 2:19 PM:

    " Lord but how I get a kick out of the bloggers that expect others to look up, reference and cite everything for them. You're obviously sitting at a computer and have access to the 'net...do the work yourself!!! You'll get a lot more out of it than what somebody could ever hope to print in this teeny little box! (But then, it's not really your intent to learn anything new, is it? And no matter the evidence...you'll remain intentionally blind and deaf to it...so why bother?) "

    Power Wagon wrote on Oct 19, 2009 12:04 PM:

    " Perhaps akfangler would also like somebody to prove in 100 words that the Moon really exists? To this day, tax cuts have been the only way demonstrated to improve the economy. Reagan's cuts gave us the '90s boom (doesn't matter if you're Republican or Democrat; that's a fact. Look it up.) Common misperception is that an Administration's budget agenda bears fruit within that President's term. It generally takes 10-15 yrs to see the results depending on what the following administration does to change it. Drastic measures bear quicker results. This current deficit spending will kick us hard and quick. "

    sharpie wrote on Oct 19, 2009 5:05 AM:

    " akfangler;
    I'll step up to bat for Palmer Farm: You want 'specific references' in a 100-or-less word blog?! GO GET A HISTORY BOOK!! And while you're at it...take an economics 101 class! Increasing spending to 'stimulate the economy' has NEVER worked in this country! Even FDR's famous projects were starting to sour before WWII began! The only time this country has seen a bounceback in the economy was when taxes were CUT! Not 'here and there' or 'sometimes'...EVERY time! Sheesh! It gets old with those that want others to do the work for them! "

    akfangler wrote on Oct 18, 2009 10:23 PM:

    " Palmer Farmer,
    Please explain the proof you have that cutting gov't spending and taxes has helped in times of economic strife. I'd appreciate specific references. "

    Palmer Farm wrote on Oct 17, 2009 9:56 PM:

    " So Treasury Secretary Timothy Geithner said on Friday that Americans must 'learn to live within their means' if the economy is to recover. Does this resound with a big "SAY WHAT?!" to anybody else?! THIS statement coming from THIS administration that has set record deficit-spending records within it's first few months in office? Is this a joke? "Let's spend tons of money that we don't have to 'stimulate the economy' (has NEVER worked) instead of tightening our belt and letting the taxpayers keep as much of thier money as possible (the only PROVEN method to help the economy.)" "

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