The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Opinion

March 30, 2013

Here's how you fix the national debt

(Continued)

• 50 percent for people making $250,000.

• 35 percent for the upper middle class.

• 30 percent and under for various intervals downward.

Of course, when the national debt hits zero, we will no longer be paying substantial interest charges to our Communist friends (former bond owners), the Chinese.

With a little intelligent thought, we would see that we pay almost twice as much per capita as England or Canada for health care. In 2011, we spent $2.4 trillion on health care. Why didn’t we copy (yes, copy) one of their health plans, warts and all? We would get a health plan as good as or better than ours, and still have $1.2 trillion available to pay down the national debt each year.

Imagine, in five years, that’s $6 trillion in debt retirement. What’s the problem with using this plan? “Socialism,” some say. Both England and Canada long ago discovered that allowing their free-enterprise system to take part in health care was wrong. So “socialism” is the secret that allows them to provide health care so cheaply compared with the U.S.

Maybe we should have a K-12 syllabus in all schools that explains how “socialism” is better than free enterprise under certain circumstances.

BOB JOYCE is a Cooperstown resident. Contact him at mbj@stny.rr.com.

Text Only
Opinion

Additional Content
Join the Debate
Helium
Additional Resources
CNHI News Service
Poll

Is Israel justified to conduct its military campaign against the Hamas in Gaza?

Yes
No
Undecided/no opinion
     View Results