Page 127 - Entitlement Program News Today

Some kind of the mass consumption tax -- >> sean: krauthammer had a great piece. >> that piece has had enormous impact. everybody is talk about it. >> sean: 20% in europe. >> every 1% vat tax that you impose brings in a beyond dollars to the government over 10 years. >> sean: value added tax is national sales tax on top of all the other tacks that we pay. >> hes tax-happy. this is the only way to pay for this massive entitlement program and it will tear up the fabric of the country. it will whip...

Socialist, but hes destroying the economy as we know it in this country. i can say it, few people have the courage to say it. >> people need to call what it it is. the word socialism is not politically correct. the reality is, this is a big government president. please going to cripple industry. other policies coming down the pike like cap and trade will be disastrous. people need to be aware. >> youre saying this -- what his policies are will cripple the economy? >> sean: yes. >> i say hes goin...

Some kind of the mass consumption tax -- >> sean: krauthammer had a great piece. >> that piece has had enormous impact. everybody is talk about it. >> sean: 20% in europe. >> every 1% vat tax that you impose brings in a beyond dollars to the government over 10 years. >> sean: value added tax is national sales tax on top of all the other tacks that we pay. >> hes tax-happy. this is the only way to pay for this massive entitlement program and it will tear up the fabric of the country. it will whip...

Socialist, but hes destroying the economy as we know it in this country. i can say it, few people have the courage to say it. >> people need to call what it it is. the word socialism is not politically correct. the reality is, this is a big government president. please going to cripple industry. other policies coming down the pike like cap and trade will be disastrous. people need to be aware. >> youre saying this -- what his policies are will cripple the economy? >> sean: yes. >> i say hes goin...

Remarkable about free money. i would be delighted. the reality is this administration in 2009 ran up a higher deficit than 12 previous years in a row. america has this right now. medicare, medicaid and social security now we have added a new entitlement. 16,000 of the newly insured people are going to be insured. >> i am asking politically speaking dont you think replace and repeal historically americans have been positive people not negative people. dont you think its a nonstarter as a platform...

Remarkable about free money. i would be delighted. the reality is this administration in 2009 ran up a higher deficit than 12 previous years in a row. america has this right now. medicare, medicaid and social security now we have added a new entitlement. 16,000 of the newly insured people are going to be insured. >> i am asking politically speaking dont you think replace and repeal historically americans have been positive people not negative people. dont you think its a nonstarter as a platform...

Remember there is nothing remarkable about free money. i would be delighted. the reality is this administration in 2009 ran up a higher deficit than 12 previous years in a row. america has this right now. medicare, medicaid and social security now we have added a new entitlement. 16,000 of the newly insured people are going to be insured. >> i am asking politically speaking dont you think replace and repeal historically americans have been positive people not negative people. dont you think its ...

Private insurance companies that are going to be available to mernsz. americans. this is not -- this is not like medicare, which is a mandatory health insurance program where you must pay in to the government for a single payer system. thats what medicare is. >> you bring up medicare. explain to me, though, how somethings not going to have to give when all these costs start -- and a lot are defearrr. we have people arguing legitimately that were bankrupting our country with all have this spendin...

Jeunesse is hear to tell us about this. >> jane, this is something entirely different and totally under the radar, easily the most underreported provision in the health care bill. you look at your paycheck, you seductions for federal and state taxes, social security, well, soon, you will see another federal deduction, for long term care. >> unfortunately, when were young and were working, we never think about getting old. >> dell ores gogoff still lives in her home. many others arent so lucky. >...

Thats why we have this federal program. you can opt out, but critics say its not a federal responsibility and a bureaucratic nightmare. >> unfortunately when were young and working, we never think about getting old. >> doleres lives in their home but others arent so lucky. >> a lot of people give up their homes or apartments and move in and pay for a decent home, its four, five, $6000 a month. >> reporter: but most cant afford that and a new health care provision aims to help by deducting from a...