John Kerry finally told the truth.
Well, right now the Democratic Party doesn’t stand for healthcare for all Americans. So, by Kerry’s statement, they stand for nothing.
Granted, there are Democrats who are pushing the idea. And the party may very well adopt it. But it’s a deal-killer right now.
Kerry then used a grade school understanding of economics to explain how they’ll pay for it. From the story:
Citing 2004 estimates, Kerry aides said the plan would cost $653 billion over 10 years.
Though that represents a huge new federal expense at a time of tight budgets, Kerry said rolling back $850 billion in Bush-backed tax cuts for those earning $200,000 a year or more would more than pay for the program.
Basic economics tells us if you raise taxes, people stop spending and the revenue to the government drops. And people lose jobs. And fewer will have health coverage.
But for Kerry, who married into his fortune, money grows on trees.