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Around $900 billion over ten years. the full accounting of the bill is $2.6 trillion. that is a fair and accurate analysis of what the bill will cost according to cbo and the president sold it to the american people as a $900 billion bill. you have to take a lot of the projections with a grain of salt and two aspirin. the bottom line healthcare has a lot to do with the major deficit problems. we have to work together to curve excessive spending on healthcare. because that s crushing the american debt and deficit picture. bret: there are new projections out from the congressional budget office, cbo about the cost of the president s healthcare law. they extended out the time frame. out to 2022 from now until 2022. ten years. the cbo as opposed to march of 2010 when the estimates you heard the president say $938 billion, the new estimate is $1.62 trillion. the cost of healthcare. ....
President? you can pick up his book, a little alternative book of alternative investments. now i m not going to make a clear eyes and make that comment about obama, but i will say, if he confiscated the upper income earners, tax them at the highest rate. this is wall street journal , the millionaires and billionaires and you tax them, it would yield about $938 billion. in a $4 trillion budget, 14 trillion dollars in debt, that is a drop in a bucket, don t we have a spending problem, not a revenue problem? $900 billion is not a drop of bucket, i am favor of greatly raising the taxes on wealthy ....
President? you can pick up his book, a little alternative book of alternative investments. now i m not going to make a clear eyes and make that comment about obama, but i will say, if he confiscated the upper income earners, tax them at the highest rate. this is wall street journal , the millionaires and billionaires and you tax them, it would yield about $938 billion. in a $4 trillion budget, 14 trillion dollars in debt, that is a drop in a bucket, don t we have a spending problem, not a revenue problem? $900 billion is not a drop of bucket, i am favor of greatly ....
Republicans, invoking things like corporate jet owners, they are really the problem with the economy. i want you to respond to what ben stein said earlier. you know that goldman sachs has said that letting the bush tax cuts would chop the gdp by 3%. there is correlation between increasing taxes and economic growth. might bring some temporary revenues but taxing the upper rich at 100% level would bring only $938 billion in? it s twofold. number one we had a trillion dollar spending program called stimulus and we had record government spending of 25% called government spending. it is therefore a past problem of spending. the other side of the coin, we ve got a weak economy. so the money is not flowing into the treasury. if you raise taxes on the ....
Republicans, invoking things like corporate jet owners, they are really the problem with the economy. i want you to respond to what ben stein said earlier. you know that goldman sachs has said that letting the bush tax cuts would chop the gdp by 3%. there is correlation between increasing taxes and economic growth. might bring some temporary revenues but taxing the upper rich at 100% level would bring only $938 billion in? it s twofold. number one we had a trillion dollar spending program called stimulus and we had record government spending of 25% called government spending. it is therefore a past problem of spending. the other side of the coin, we ve got a weak economy. so the money is not flowing into the treasury. if you raise taxes on the ....