Everyone likes to skip around the backend medicaid payments that the states have to undertake later in the future as well. At first individual states are subsidized but if you look at the payments later in the future… yikes.
I have complete faith that the numbers by the cbo and the estimations that the govt has made are spot on target. Obviously our govt has a long resume of mega federal programs that are not overbudget and have been completely successful.
Dont you all have the same faith? Oh and by the way housing always goes up…
I don’t argue that reform of some type is needed. That is an absolute. Of course all of us got to review the 2900 pages in the bill didn’t we? The popular argument is that we needed something and that this is better then nothing. I don’t subscribe to that but hey, put it on our tab and have complete faith in the govt. As long as the IRS is in charge of enforcing the program things will be good. Like most of you all said, something is better then nothing.
AIG, Chrysler, GM, Fannie… lest we forget about student loans. The govt was smart on that one. They can make money by borrowing from the treasury at 2.8% and then spinning it for a 6% loan. They of course also then decides who gets loans, who does not. Of course the Dept of Education also gets to decide what schools get what…
