The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Samuelson What was missing from Debate||Date: 10/18/2012 12:27 AM|
|Author: tjscott0||Number: 649448 of 852580|
What we heard in the second presidential debate was President Obama and Mitt Romney not discussing the nation’s future. Almost every expert agrees that controlling health costs is the crux of curing chronic budget deficits. Health-care spending already exceeds a quarter of federal outlays. With Obamacare’s coverage of the uninsured starting in 2014 and retiring baby boomers flooding into Medicare, the share is headed toward a third. Neither Obama nor Romney uttered a word about how to tame health spending.
And then there’s the “fiscal cliff” — the roughly $600 billion of spending cuts and tax increases scheduled for early 2013 that, if allowed to take effect, would almost certainly plunge the economy back into recession. Not a peep from either on how to avoid the cliff: which tax increases or spending cuts should be postponed, why and for how long; and how to win congressional support from the other party.
Americans face a rude awakening: a future that hasn’t been acknowledged and debated in the campaign.
Makes one think that voting fer the lesser of two evil ain't working.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|