Purcell: 'Fiscal cliff' not our real crisis

3 comments:

• downtownresident posted at 2:51 pm on Thu, Jan 10, 2013.

  Posts: 769

  We'll keep having fiscal cliffs until campaign/lobby contribution laws are reformed to the point that all poititcians number one priority is not getting money for the next election.
  No fiscal cliffs, no big contributions from those purchasing influence from Congress.
  Remember fiscal cliffs are cash cows for politicians and won't go away until some honest people get elected. So, we're struch with them for the next 50 years, as I see it.

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• LoydEskildson posted at 4:27 pm on Thu, Jan 10, 2013.

  Posts: 4

  Mr. Purcell doesn't know what he's talking about. American health care expenditures are the world's highest for a very simple reason - we're the only developed nation that doesn't impose strictt overall limits on health care charges.

  As for the tale of woe he spins about medical equipment makers, reality is quite different. Look at the gross profit margin rankings for medical instruments and supplies industry on the Internet - #1 (BioMimetic Therapeutics) has gross profit margins of 91.1%, and #50 (Insulet Corporation) has 43.8% margins. More than enough to cover a 2.3% tax, especially given the increased sales offered by ObamaCare.

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• Accuracy posted at 1:01 pm on Fri, Jan 11, 2013.

  Posts: 1926

  Tom Purcell’s “That is the real crisis” does not have any suggestions.

  Like refusing to raise the debt ceiling that would force a partial government shutdown.

  Washington has a spending problem and some military analysts believe President Obama and his advisers are on a course to cut America's defense. So, for a big one, why not cut out the big spending of U.S. Military defense in Germany??
  

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