jsonline: The Medical College of Wisconsin estimates that it will lose $5 million to $9 million in federal funding for research due to automatic budget cuts that took effect last week. The school also will lose an estimated $1.5 million in revenue a year from a 2% reduction in what Medicare pays physicians. And Froedtert Hospital, its academic medical center, projects that it will lose about $7.5 million. These are just a few examples of the reductions in federal spending on health care from sequestration, and they could be a preview of what's ahead.
It didn't have to be like this.
Disaster Capitalism: The Republicans set us up for austerity, by spending like “drunken sailors” and creating an economic/deficit crisis during the Bush years. Sure Clinton left them with projected budget surpluses, but do you think Democrats will bring that up…ever?
Republicans now control the dialog about a supposed “spending problem,” when it’s really a revenue problem made worse by the Great Recession. And they control the dialog thanks to the Democratic Party’s reluctance to advance their own agenda and force conservatives to fight against populist ideas.
The sequester cuts spending, sure, but it also slows progress by taking away from what made the U.S. great in the first place, research and development. We won’t be so quick to create new industries and/or save money by improving current inefficient technologies.
With no push back or promise of restoring societal advances, Democrats are helping to usher in the new austere America. And there is still no clear Democratic alternative.
People will settle into, and adjust to, life made a little harder, even though it really doesn't have to be like this. With all the difficult life changing curve balls reality tosses at us, do we need to start spinning our wheels needlessly to fulfill some minority groups fringe concept of what it means to be truly free?
Sadly the answer is yes.