Where is the money necessary for health care reform going to come from? President Obama says he will not raise taxes, but with the exploding Federal Deficit, he may not have a choice.
Senator Ted Kennedy once said "providing health insurance for all Americans the cause of my life." But as Americans we need to ask ourselves at what cost is health care reform worth it? With the passing Of Ted Kennedy that leaves the senate with one less Democrat to help push President Obama's health care reform through the Senate floor. Senator Ted Kennedy Fought hard for something he believed in and with his passing the Obama health care reform might be in trouble.
Senator Ted Kennedy was a bridge between the Republicans and the Democrats when it came to issues like the health care reform. Ted Kennedy was a great man, and his loss will be felt for years to come. Despite the loss of a great senator, the bottom line is that President Obama's Health Care Reform will still cost more than $1 trillion over 10 years at the rate we are going. All of this health care reform costs is in addition to expected record federal deficits.
Angry Americans have brought up the cost of health care reform and hundreds of town hall meetings throughout the country. Everyone is tired of paying for what they don't understand. Unless you can answer the question "how will spending $ 1 trillion dollars on Health Care Reform help America?" you need to take a deep breath and step back and look at President Obama's Health care reform with a clear mind.
The passing of Ted Kennedy may have jeopardized the passing of Obama Health Care Bill. The political focus has shifted from health care reform on to the loss of Senator Ted Kennedy. Only time will tell if the loss of Senator Ted Kennedy will affect the passing of President Obama's health care reform.
Resources:
http://news.yahoo.com/s/nm/20090826/pl_nm/us_kennedy_healthcare;_ylt=AqW8lRt8iGAcm8CrGfPMbbeCfNdF
Published by Meg G.
Meg G. is a financial professional. During her previous life, she ran a contracting business with her husband. Now, she likes to share late breaking news, financial advice, and do-it-yourself tips with her d... View profile
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