SPONSORED BY:

A Fiscal ‘Tsunami’

 

Email To A Friend

Please fill in the following information and we'll email this link.

Separate multiple addresses with commas

SPONSORED BY
 

There has been talk in the campaigns about comparing the system here with systems in Europe, Canada and elsewhere. Some of the campaign rhetoric is very negative, and it's sort of an easy shot: "We don't want to become like those Europeans who have terrible health care." How would you compare the American system to, say, a particular European system?
Well, first, I think there is a lot of misinformation and disinformation that is being provided to the American people. Even in countries that have national health-insurance systems, like the United Kingdom, there are private supplementary-insurance systems that exist in parallel to that. Most major employers of the U.K. have private insurance policies that cover their key employees and many other employees, as well. So this idea that it is one type of system under all circumstances just is not true. Secondly, if you look at other countries that do have national health-insurance systems, they have budgets on how much money they will spend, and that is one of the reasons they won't go bankrupt on health care. We don't have a budget on what we spend. We write blank checks. Nobody with a brain writes a blank check, especially on something that is 16 percent of the economy and growing much faster than the economy.

Just for perspective, can you compare the size of this fiscal "tsunami" [to the size of particular spending programs]?
Well, you could decide not to renew the Bush tax cuts, you could eliminate all foreign aid, eliminate all earmarks, eliminate NASA, eliminate the National Endowment for Humanities and eliminate the entire Defense Department tomorrow, and you still wouldn't solve the problem.

© 2007

Label

Newsweek Top Stories
Visions of a Decade
Visions of a Decade

From 2000-2009, one photo per month.

The Failure of Copenhagen
The Failure of Copenhagen

Why there could be a silver lining in a failed climate treaty.

Sex Scandals of the 2000s
Sex Scandals of the 2000s

From John Edwards to Mark Sanford, the decade's memorable affairs.

118 Days in Hell
118 Days in Hell

A NEWSWEEK journalist recounts his captivity in Iran.

Discuss

Sponsored by

Member Comments

  • Posted By: whaleback1 @ 04/12/2008 3:04:59 AM

    The problem with the US is, every time we talk about health care and education, people immediately change the subject, and begin to talk about defense, tax breaks of the big companies, social injustice, people out of work, poor single mothers, etc. etc. I think that is because our education is so bad. Most people have lost the ability to reason. Is it a wonder why we've been discussing health care and education for as long as I know (30 years), and they are only getting worse everyday?

    Here is something to think about. Even we abolish all the defense, the saving will not be enough to finance our medicare, because the expense of the latter would just grow even bigger, like a well-fed monster. Before we talk about allocation of the tax dollars, we need to talk about cost containment. Mr. Walker is correct. Our current medicare basically issues blank checks. And no amount of money will be enough to cover the blank checks.

    I agree with EVERYTHING Mr. Walker said. (By the way, he is a good speaker. A lot of fun to listen to.) Medicare premium must be based on risk factor - these are insurance programs. Not social welfare. People have the incentive to avoid auto accidents because they will raise their permium. Illness should raise premium too so people will have incenvtive to avoid illness. I know. No one wants to be sick. But how many people think about diebetis, heart disease when they eat pizza, steaks, chips and sit as cough potato?

    I believe in government managed health care facilities like the VA for those who do not have the money to pay for private health care, or for those who just need basic care (like me. I have a decent income. But I maintain good health. So I don't need expensive health care. Actually, at 60, I never got sick.) We do not have unlimited resources to pay for expensive procedures, like by-ass surgueries for everyone. If a person is already 65, and is in poor health. Why does he need a bypass sugery anyway? If he can pay for it with his own money, he should by all means get it. But I, as a tax payer, much prefer using that amount to cover basic health care for many younger people. In other words, I believe in rationing, which is what they do in Canada and Europe.

    Americans are so spoiled. When it comes to health care, we believe sky is the limit. We want the best things money can buy. Is it not a wonder why the US healthcare providers has given us the most expensive service in the world? The policians now are talking about high quality, lost cost health care. Give me a break. If Cadillac was cheap, people would not want Cadillac any more!

  • Posted By: claudioscaduto @ 12/04/2007 3:01:14 PM

    i am an american and european..of course we have a big problem in this country and not only on fiscality
    it is really very sad that mr. walker do not recognize that social security and national health care in europe and specially in france has been working for ever and it is still working very well..and the euro is strong and the dollar is weak ..how mr. walker explain those facts. if i were him or anybody out there i just would copy anything ..anywhere that works..and the national heath care in france works very very well..but we americans
    prefer to bomb iraq,,or maybe iran but we would not go down on the street and make a revolution for a better america and to force our politicians to do what we want once and for all

    does mr. walker knows about the front populaire when all the french population made a revolution for a better life......

  • Posted By: saadasim @ 11/27/2007 11:59:19 PM

    Hey someone has to pay for an imperial war to benfit oil companoes, war profiteers and Israel.

Reply

Report Abuse

Enter comments if any for reporting abuse

My Take

Customize the NEWSWEEK homepage
to feature your favorite columnists.

Customize Now