Cbpp.org / Policy Basics: Where Do Our Federal Tax Dollars Go? Rep. Center on Budget and Policy Priorities, 12 Apr. 2013. Web. 2 Nov. 2013.
The Center on Budget and Policy Priorities, which gathers data from the Office of Management and Budget about areas of government spending and releases it to the public. The most important parts of this article are the data on Social Security, Medicare, Medicaid and National Debt payments. These all give precise data on how much money was spent and what percentage of the national government budget was spent on it. Unfortunately this is last year’s data, and this year’s data isn’t available since we haven’t finished 2013 yet. I plan to use this data in my research to show a correlation between money spent on these programs and how the U.S economy benefited or suffered from such spending.
Campbell, Karen, Guinevere Nell, and Paul L. Winfree. "Obamacare: Impact on the Economy." The Heritage Foundation. The Heritage Foundation, 22 Sept. 2010. Web. 08 Nov. 2013.
In their article, Campbell, Nell and Winfree argue that Obamacare will be more harmful to the economy than helpful. Using their algorithms, the authors predicted an increased deficit of $75 Billion per year, and about 670,000 jobs lost per year due to the health care reform. They argue that this bill focuses on increased taxes and therefore will result in many layoffs, and a decrease in economic investment activity. Increased taxes cost companies more money, leading to layoffs of employees to maintain profit. There is now less money circulating the economy since those laid off now don’t have an income to spend or invest. The main focus on this article is how Medicare will have more funding, but economic GDP (Gross Domestic Product) will suffer. I want to use this article to show how the ACA will increase the national debt and limit economic opportunity for the U.S.
Conover, Chris. "Obamacare Will Increase Health Spending By $7,450 For A Typical Family of Four [Updated]." Forbes. Forbes Magazine, 23 Sept. 2013. Web. 08 Nov. 2013.
In the new Forbes article about Obamacare, Conover suggests that although the government promised healthcare premiums wouldn’t increase, the promise couldn’t be kept. According to Conover, health premiums were supposed to go down, and are actually increasing instead. This is a poor reality for people who anticipated having extra money to spend on other necessities. With anticipated short term layoffs, and increased taxes and premiums, the economy is said to be long-term slightly bullish (upward sloping). Medicare spending is said to increase and this will help those with disabilities. Though this info regarding healthcare and its policies comes from an unusual source not typically recognized for such info, it still is helpful because it adds another voice to the argument of the downsides of Obamacare. The opinion given, is one backed up by financial models given to the author, however not all of the information seems to be sufficient.
Nesvisky, Matt. "Medicare and Its Impact." Medicare and Its Impact. National Bureau of Economic Research, n.d. Web. 08 Nov. 2013.
This article gives information about how Medicare over the last 50 years has helped shape the economy into what it is today. As an example of how Medicare spending affects the economy, the aruthor gives the figure of average yearly of $260 billion and 17% of U.S government budget expenditures Nesvisky argues that once the Medicare system was introduced, elderly death rates declined, people lived longer and got more medical attention, and the economy benefitted due to the increased spending. Though the numbers above don’t show exactly how the economy has benefitted since the introduction of Medicare, it still gives information about yearly costs, and percentages that are helpful to current health care debates, and it is a great source of data for me to refer to in my research paper.
Baker, Dean. "Did Social Security and Medicare Crash the Economy?" Yahoo Finance. Yahoo, 26 Nov. 2012. Web. 12 Nov. 2013.
The author discusses how he feels the housing market is why the stock market crashed, and how the government has focused on fixing healthcare and benefits programs rather than the housing market. He says the primary objective of the government has been on cutting programs for Social Security, Medicare and Medicaid. According to Baker, the economy tanked due to the housing market, which is widely agreed upon among many economists and government officials working on fixing the economy. This article will help me in my paper by giving me more incite into Medicare, and how the government is putting its efforts into changing it and subsequently the economy. This article though good for Medicare info, has little to offer in regards to Medicaid and Social Security.
The Center on Budget and Policy Priorities, which gathers data from the Office of Management and Budget about areas of government spending and releases it to the public. The most important parts of this article are the data on Social Security, Medicare, Medicaid and National Debt payments. These all give precise data on how much money was spent and what percentage of the national government budget was spent on it. Unfortunately this is last year’s data, and this year’s data isn’t available since we haven’t finished 2013 yet. I plan to use this data in my research to show a correlation between money spent on these programs and how the U.S economy benefited or suffered from such spending.
Campbell, Karen, Guinevere Nell, and Paul L. Winfree. "Obamacare: Impact on the Economy." The Heritage Foundation. The Heritage Foundation, 22 Sept. 2010. Web. 08 Nov. 2013.
In their article, Campbell, Nell and Winfree argue that Obamacare will be more harmful to the economy than helpful. Using their algorithms, the authors predicted an increased deficit of $75 Billion per year, and about 670,000 jobs lost per year due to the health care reform. They argue that this bill focuses on increased taxes and therefore will result in many layoffs, and a decrease in economic investment activity. Increased taxes cost companies more money, leading to layoffs of employees to maintain profit. There is now less money circulating the economy since those laid off now don’t have an income to spend or invest. The main focus on this article is how Medicare will have more funding, but economic GDP (Gross Domestic Product) will suffer. I want to use this article to show how the ACA will increase the national debt and limit economic opportunity for the U.S.
Conover, Chris. "Obamacare Will Increase Health Spending By $7,450 For A Typical Family of Four [Updated]." Forbes. Forbes Magazine, 23 Sept. 2013. Web. 08 Nov. 2013.
In the new Forbes article about Obamacare, Conover suggests that although the government promised healthcare premiums wouldn’t increase, the promise couldn’t be kept. According to Conover, health premiums were supposed to go down, and are actually increasing instead. This is a poor reality for people who anticipated having extra money to spend on other necessities. With anticipated short term layoffs, and increased taxes and premiums, the economy is said to be long-term slightly bullish (upward sloping). Medicare spending is said to increase and this will help those with disabilities. Though this info regarding healthcare and its policies comes from an unusual source not typically recognized for such info, it still is helpful because it adds another voice to the argument of the downsides of Obamacare. The opinion given, is one backed up by financial models given to the author, however not all of the information seems to be sufficient.
Nesvisky, Matt. "Medicare and Its Impact." Medicare and Its Impact. National Bureau of Economic Research, n.d. Web. 08 Nov. 2013.
This article gives information about how Medicare over the last 50 years has helped shape the economy into what it is today. As an example of how Medicare spending affects the economy, the aruthor gives the figure of average yearly of $260 billion and 17% of U.S government budget expenditures Nesvisky argues that once the Medicare system was introduced, elderly death rates declined, people lived longer and got more medical attention, and the economy benefitted due to the increased spending. Though the numbers above don’t show exactly how the economy has benefitted since the introduction of Medicare, it still gives information about yearly costs, and percentages that are helpful to current health care debates, and it is a great source of data for me to refer to in my research paper.
Baker, Dean. "Did Social Security and Medicare Crash the Economy?" Yahoo Finance. Yahoo, 26 Nov. 2012. Web. 12 Nov. 2013.
The author discusses how he feels the housing market is why the stock market crashed, and how the government has focused on fixing healthcare and benefits programs rather than the housing market. He says the primary objective of the government has been on cutting programs for Social Security, Medicare and Medicaid. According to Baker, the economy tanked due to the housing market, which is widely agreed upon among many economists and government officials working on fixing the economy. This article will help me in my paper by giving me more incite into Medicare, and how the government is putting its efforts into changing it and subsequently the economy. This article though good for Medicare info, has little to offer in regards to Medicaid and Social Security.
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