Raising Women’s Voices

What does the Wall Street bailout package mean for Health Care Reform?

Posted in Uncategorized by raisingwomensvoices on September 26, 2008

The Treasury Department’s proposal of a $700 billion bailout package in the face of this financial crisis has a lot of people wondering what this will mean for our next president’s spending plans and tax policies.  Two recent articles, published in BusinessWeek and The New York Times, examine some of the heaviest costs of using taxpayer money for this purpose.

“The more funding the financial bailout demands, the tougher the trade-offs the [next president] will have to consider when it comes to his priorities. Spending on health-care reform or tax cut packages will likely take the first hit.” – BusinessWeek

“A $700 billion Wall Street rescue plan would likely delay some campaign spending promises…‘Does that mean that I can do everything that I’ve called for in this campaign right away, probably not. I think that we are going to have to phase it in. A lot of it is going to depend on what our tax revenues look like,’ Obama said.” – NY Times

 

Read the full articles at BusinessWeek and The New York Times.

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