| | Hawaii ends universal child health care and other programs
Unfortunately, federal programs never die, so once the US switches to federal health insurance, it will be a permanent annual drain on the budget.*
*I almost never say that something will "lead to a deficit." Why? Because generally, no one thing leads to deficits. We're talking about a debt of $11 trillion, and an annual budget of $3 trillion. How does spending $700 billion "lead to deficits", but the original $3 trillion budget didn't contribute to the deficit at all? Therefore, it unfairly assigns relative value to different items in the budget if one program is targeted as "leading to a deficit" (unless that one thing single-handedly exceeds the revenue for an entire year--which is north of $2 trillion).
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| | Posted 10/19/2008 9:24 AM - 6 Views - 0 eProps - 0 comments
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