The stock market is at a record high for this year. But job losses are still increasing and businesses are still struggling. Homes are still being foreclosed and some banks have not made a turn around. According to President Obama, health care reform is needed to get the economy back on track but it will cost $1 trillion.
How can the economy get better with added debt? The banks were in debt so the government loaned them money increasing their debt. There is not enough money to pay for health reform so they will decrease payment for health care through Medicare and Medicaid. Does that increase those citizens quality of care?
Maybe I'm just not smart enough to figure it all out but I have never understood how you make debt go away by increasing your debt. Congress always talks about balanced budgets and deficits and no new taxes and less spending but more programs. It just doesn't make sense!
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