I’m usually not one for watching the early versions of the presidential debates. At this point the field is far too crowded with also-rans and never-wases, not to mention an alarming number of recycled hopefuls. It’s rather like the start of a marathon. No one except true running junkies really pays attention until the last few miles when the pretenders have long since been weeded out. But if the early debates on the Democratic side are any indication as to a common theme, we’re going to be inundated for the next 17 months with the candidates’ proposals and theories on how to pay for a national health care system. While their viewpoints on other issues may vary slightly, it’s pretty much unanimous that all have the Bush tax cuts in their crosshairs. Eliminating them, of course, would free up the funding to implement a government-run health care system.

Take, for example, the plan put forth by the charismatic contender from the Land of Lincoln, Sen. Barack Obama. Obama may have attended Columbia and Harvard, but his grasp of economics appears more on the level of a GED.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access