Posted by cccp1014 on 7/6/2018 7:11:00 PM (view original):
Posted by bad_luck on 7/6/2018 5:29:00 PM (view original):
Posted by cccp1014 on 7/6/2018 4:54:00 PM (view original):
Posted by bad_luck on 7/6/2018 4:50:00 PM (view original):
Posted by cccp1014 on 7/6/2018 10:31:00 AM (view original):
Posted by bad_luck on 7/6/2018 10:24:00 AM (view original):
Posted by cccp1014 on 7/6/2018 10:11:00 AM (view original):
Posted by tangplay on 7/5/2018 6:31:00 PM (view original):
Posted by cccp1014 on 7/5/2018 10:29:00 AM (view original):
Why are we cutting the military budget, that actually generates jobs vs. addressing entitlements?
Cutting the military budget won't mean less jobs generated.
How so? Do you know how many sub contractors rely on the military? That is such an ignorant and incorrect statement.
Cutting any government spending reduces jobs.
How would cutting entitlements reduce jobs? Do tell.
What entitlement are you talking about?
Medicare and Medicaid
So we cut Medicare. The dollars we were spending are no longer being spent. You don’t think that impacts jobs?
No. If a procedure costs $100...have more go out of pocket. Period.
Doctor still gets paid.
That’s not really the way it works.
Let’s say we cut Medicare spending by $30 billion a year. That’s about 5%.
All of that money comes out of the deficit though, so no one gets a tax break. Instead, we’re just disappearing $30 billion from the economy.
If someone used to have coverage for a $10,000 procedure and now they only get coverage for $5,000, most are going to forgo treatment or the doctor will have to write off the cost of the $5,000 the patient can’t afford to pay.
That reduces jobs, and not just in healthcare. People who sell anything to people who get their paychecks from the healthcare industry will see a slow down.
Now, maybe the economy can handle that. With unemployment low, cutting the deficit is probably a good idea as long as we see some wage growth soon. By that also applies to cutting defense spending, too.