October 23rd, 2009
Tom C asked:
I know cons are in a frenzy complaining they raised the income limit too high for eligible children, but wouldn’t any money being saved from a family obtaining this benefit just be injected right back into the economy with more spending? Example, family “A” currently spends $10k per year in health coverage, now they are covered by a federal program, now they have an extra $10k to spend on clothes, appliances, down payment on a car, whatever. That means more profits for those companies, they report more tax, which means more revenue to the government and we are back to square 1. It appears to me that in the end, this turns out to be an allocation of revenues from the greedy and corrupt insurance companies to a whole assortment of other businesses, and with the comfort that more children will be insured by health coverage. Doesn’t sound so bad to me. Thoughts?
CHASE
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