One of the things that gets lost in political debates about spending is the context in which the spending takes place. IE how much a policy or program will “really” cost the American people versus how much its projected to cost taxpayers.
Let’s think about it on the small scale. If I told you that your electric bill was $12,000 you’d probably “freak the fuck out”. And rightfully so. Sure electricity might be a necessary aspect of your day to day life but $12,000? Fuck that noise.
On the other hand, if you read the fine print at the bottom of your bill that informed you that this $12,000 was stretched out over a ten year period you’d probably feel a lot better.
Why? Do the math.
$12,000/10 years = $1,200 a year
$1,200/12 months = $100 a month.
$100 a month is substantially less than $12,000.
Now let’s look at the Senate health care bill. According to the CBO, HCR will cost approx $875 billion. Oh no! That’s almost a trillion dollars!!!
Shock, gasps, and everything in between.
But take a step back and remember that this is $875 billion over a ten year span.. Meaning that the annual cost of health care reform is a mere $87 billion a year. While $87 billion is a huge number relative to your personal bank account, its more or less chump change in terms of federal spending. And after you take into account the savings from eliminating the $42.7 billion “Hidden tax” we pay every year for the uninsured, the Senate Health Care Bill drops in cost to $45 billion a year.
$45 billion a year for almost 100% universal coverage? Doesn’t sound too bad to me.