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Wednesday, November 20, 2013

Where The Medicare Part D Analogy For Obamacare Falls Short.

Notice that a Republican president was able to pass the cost of Big Government onto future generations.

"Republican Rule and Economic Catastrophe: A Lockstep Relationship"
http://paxonbothhouses.blogspot.com/2012/05/republican-rule-and-economic.html

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"Obamacare's architects guaranteed they'd make some people angry. And that is the biggest difference between what Bush did and what Obama did. Medicare Part D was all gain, no pain--the program gave millions of senior citizens access to drugs, without asking anybody to pay for it immediately. Instead, the program passes along the bill to future generations, for whom higher deficits mean fewer resources for public or private spending. The Affordable Care Act, by contrast, has gain and pain. Most of the people bearing the pain can arguably afford to bear it, and the consequences are frequently not what they imagine, but they won't like it and they're going to say so. Many already have." Jonathan Cohn in The New Republic


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