Those of you who followed this year’s presidential debates and election know that the fiscal cliff and healthcare policies were two of the biggest topics debated by President Obama and candidate, Mitt Romney. Obama passed Obamacare, which is a healthcare program that is designed to provide 30 million people with health insurance who could not otherwise afford it. This plan is also set to require everyone to carry a health insurance policy, regardless of their income, which has brought up some controversy from many people. The other issue regarded the $16 trillion worth of debt that the United States has accumulated.
Healthcare is definitely something everyone deserves to have equal rights to, but we can also see why the republicans feel like they did not have an equal say in the implementation of this policy. The democrats have pretty well dominated the decision making process considering that Obama was the president, and they held the majority vote in the senate. As a result, the republicans were planning to repeal the new healthcare policies, which are slated to go into effect in 2014, if Romney was elected as the president, but he lost.
The fiscal cliff is another issue that the two parties have slightly different views on. Romney was planning to make cuts in government programs. During one debate, Romney said if he were to be elected, Sesame Street and public broadcasting is something he would cut back. Obama, and the democratic party, on the other hand, have a slightly different strategy. They want to raise taxes on the wealthy, and they would use this money to work towards getting out of debt.
While no political party’s view is every going to satisfy both sides, we can see weaknesses in both sides of the argument. With Obama’s plan, tax rates are actually not just rising for the super wealthy folks who make $250,000 or more per year as the highest percentage jump actually occurs for middle-class employees. This will put a serious amount of stress on people in this income class, and they will also potentially be required to purchase healthcare for the first time. Romney’s plan also has flaws, however, as if he were to cut back on certain programs, he would be putting numerous people out of work, and they might not be qualified to fill positions within other organizations.