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The Coming Tax Tsunami
FRONTPAGE MAGAZINE.com ^ | Monday, June 15, 2009 | Tait Trussell

Posted on 06/15/2009 1:46:46 AM PDT by Cindy

SNIPPET: "Because costs of dealing with chronic diseases of the aging make up the largest wedge of America’s health-care pie, physicians’ widespread disgust with Medicare reimbursements and increasing frustration with Medicare red tape present a crucial obstacle to the Obama administration’s drive for universal health care in America.

About 40 million people have Medicare insurance, not only those 65 and older but also younger disabled people.

Dr. Marc Siegel, an internist and associate professor of Medicine at the NYU Langone Medical Center, in a recent article in the Wall Street Journal, wrote that with more doctors dropping out of one insurance plan or another, “there is no guarantee that you will be able to see a physician no matter what coverage you have.

“Of course, we’re promised by the Obama administration that universal health care insurance will avoid all these problems. But how is that possible when you consider that the medical turnstiles will be the same as they are now, only they will be clogged with more and more patients? The doctors...will be even more overwhelmed.”"

SNIPPET: "If we continue with all other government programs in operation today and raise the taxes to pay for Medicare, plus Medicaid—the health program for low-income folks—the Congressional Budget Office estimates a middle-income family by the middle of this century will have to pay two-thirds of its total income in federal taxes."

(Excerpt) Read more at frontpagemag.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 111th; agenda; bho44; bhohealthcare; bhotaxincrease; communism; democrat; democratcongress; democrats; economy; fascism; govhealthcare; healthcare; healthcarereform; impeachobama; lping; medicare; obama; obamacare; rationedhealthcare; socialism; socializedmedicine; taxandspend; taxes; universalhealthcare; whitehouse; wreckinghealthcare
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1 posted on 06/15/2009 1:46:46 AM PDT by Cindy
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To: Cindy

They will take all exemptions away AND forgo all “refunds”...that is just a start. I can’t see why they can’t just take a percentage of everyone’s pay and be done with it. Yes it is called a flat tax that should be done. Let it be 15 percent. Some people believe 10 percent would be enough....that I am not sure of, but if 10 percent is the magic number than that is even better.


2 posted on 06/15/2009 1:50:40 AM PDT by napscoordinator
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To: Cindy

No more golden eggs—the goose has died.


3 posted on 06/15/2009 1:51:50 AM PDT by Misterioso (You've wondered where is the Twilight Zone? You're in it.)
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To: Cindy
Can you say Mayhem in Iran the U.S.? I do believe that will be the end result with all the new taxes that will be rolling out from this administration.
4 posted on 06/15/2009 2:00:59 AM PDT by Robert DeLong (u)
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To: Misterioso

Well, if you can’t tax the goose, then just move on to the pigeons.


5 posted on 06/15/2009 2:01:29 AM PDT by Fresh Wind (Hey, Obama! Where's my check?)
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To: Cindy
What?

You get through medical school and refuse to be a slave to a bunch of Harvard/Yale lawyers?

The nerve of these people!

What’a Doctors think they live in a free country or something?

/sarc

6 posted on 06/15/2009 2:13:39 AM PDT by Leisler ("It is terrible to contemplate how few politicians are hanged."~G.K. Chesterton)
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To: napscoordinator
Let it be 15 percent.

This article suggests a nice round 66.66%!

7 posted on 06/15/2009 2:26:38 AM PDT by farmguy
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To: Cindy; ConservativeMan55; JulieRNR21; Smartass; MeekOneGOP; Watery Tart; ...
 
Ever loyal, your Best Friend would have warned you if he could have... 

8 posted on 06/15/2009 2:29:45 AM PDT by Seadog Bytes (OPM - The Liberal 'solution' to every societal problem. (Other People's Money))
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To: Cindy

Reagan cut taxes to starve the beast and now Obama raise taxes to feed and grow the beast.


9 posted on 06/15/2009 2:34:24 AM PDT by monocle
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To: monocle

“Obama raise taxes to feed and grow the beast.”

He’ll do a little of this, but unfortunately, he’s mostly feeding the beast with borrowed funds knowing that the taxpayers would revolt if he tried to raise taxes high enough to pay for all the goodies he is using to pay back the unions, lawyers and other special interests who put him into office and to ensure his re-election in 2012. He well knows that he’ll be long gone by the time the tab arrives to pay for his profligate spending habits.


10 posted on 06/15/2009 3:54:59 AM PDT by DrC
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To: DrC

With each passing day the over reach becomes more and more evident. First it was the banks, then the car companies, now health care. Mind you, all within six months of taking office! You mention borrowed money and you are right. Either one of two things is going to happen: 1) Zero continues his borrowing spree until the price of borrowing, i.e. interest rates, get pushed up to the point that individuals begin to understand the reason they can’t afford to finance purchases any more, or 2) Zero throws all caution to the wind and fists cap and trade along with national health care with all of the subsequent tax burden on the American people. These programs will drain every one, not just the “rich.” The doomsday scenario is that he tries to do both simultaneously. The only positive I see on the horizon is November of 2010.


11 posted on 06/15/2009 4:10:25 AM PDT by RU88 (Bow to no man)
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To: Leisler

“What’a Doctors think they live in a free country or something?”
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

It is possible that the delusion of freedom still persists withs some in this country...although I have noted that I no longer hear the old rejoinder that used to be so common, “Well, it’s a free country ain’t it?” A free country it ain’t!


12 posted on 06/15/2009 4:39:13 AM PDT by RipSawyer (Change has come to America and all hope is gone.)
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To: Cindy
Senator Gregg - May 21, 2008

Probably the biggest threat we face as a nation--fiscal threat--in fact, the biggest threat after, in my opinion, the threat of Islamic fundamentalism and the terrorists using a weapon of mass destruction against us--is the impending economic meltdown of this country as a result of the burden that our generation, the baby boom generation, is putting on the next generation through the entitlement accounts. There is $66 trillion of unfunded liability, $66 trillion--a huge number. Nobody knows because it is hard to define what $1 trillion is. But if you take all the taxes paid since the beginning of this Republic--I think you are talking about something like $37 trillion--and if you take all of the net worth of the American people--all their cars, all their homes, all their stock--and add it together, you come up with something like $45 trillion.

So we have a liability on our books which involves three programs--Social Security, Medicare, and Medicaid--that exceeds the net worth of the Nation and exceeds the amount of taxes paid in this Nation since we began as a nation.

Senator Coburn - October 1, 2008

Let me describe for a moment the problems that are coming if we get past this one. Here are the problems that are coming. We are on an unsustainable course. The unfunded liabilities for Medicare alone are $100 trillion. A child born today in this country faces $400,000 for taxes for things they will never get a benefit from--$400,000. Who in this country starting out even could absorb that debt, pay the interest on it, and ever hope to own a home or have a college education? Yet this body continues to spend more, authorize more, and create bigger and more intrusive Government, limiting the power of the great American experiment to, in fact, supply an increased standard of living.

We are in tough times, but they are going to get tougher until the American people hold this body accountable to live within the rules set out in a very wise, a very providential way that served this country well. We ignore this book, this Constitution, at our peril. We are reaping exactly what we have sown.

A meltdown is inevitable.

13 posted on 06/15/2009 4:56:29 AM PDT by Cboldt
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To: Cindy

“If we continue with all other government programs in operation today and raise the taxes to pay for Medicare, plus Medicaid—the health program for low-income folks—the Congressional Budget Office estimates a middle-income family by the middle of this century will have to pay two-thirds of its total income in federal taxes.”

And, there you have it, folks. The anointed one isn’t going to raise taxes on anyone making less than $250k? Of course not. How else do you suppose this marxist intends to pay for his socialist utopia?

We simply have to take back the country, before he and the 0bamunists destroy all of it.


14 posted on 06/15/2009 5:06:42 AM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: Cindy

Obama’s Health Care Reform will be to decrease funding and payment of diagnostic procedures. If cancer detection techniques are cut back and/or delayed due to waiting lines, then the disease will be in advance stages and treatment will be useless. Problem solved....cut the diagnosis procedures, save on treatment costs, and save on future pension benefit and medical costs! That’s the Jack Kevorkian Health Care Model.


15 posted on 06/15/2009 5:35:38 AM PDT by tired&retired
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To: Seadog Bytes

Thanks for the ping!


16 posted on 06/15/2009 6:43:58 AM PDT by Alamo-Girl
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Comment #17 Removed by Moderator

To: Seadog Bytes; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...
Dr. Marc Siegel, an internist and associate professor of Medicine at the NYU Langone Medical Center, in a recent article in the Wall Street Journal, wrote that with more doctors dropping out of one insurance plan or another, "there is no guarantee that you will be able to see a physician no matter what coverage you have. Of course, we're promised by the Obama administration that universal health care insurance will avoid all these problems. But how is that possible when you consider that the medical turnstiles will be the same as they are now, only they will be clogged with more and more patients? The doctors...will be even more overwhelmed."
Thanks Seadog Bytes, nice graphic as always. :')
18 posted on 06/15/2009 7:03:31 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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To: bamahead

Ping


19 posted on 06/15/2009 8:18:29 AM PDT by EdReform (The right of the people to keep and bear Arms shall not be infringed *NRA*JPFO*SAF*GOA*SAS*CCRKBA)
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To: EdReform; Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; ...
If we continue with all other government programs in operation today and raise the taxes to pay for Medicare, plus Medicaid ... the CBO estimates a middle-income family by the middle of this century will have to pay two-thirds of its total income in federal taxes



Libertarian ping! Click here to get added or here to be removed or post a message here!
(View past Libertarian pings here)
20 posted on 06/15/2009 8:24:43 AM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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