RE: Myths and falsehoods about the deficit

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RE: Myths and falsehoods about the deficit - 2/2/2010 4:36:16 AM

eyesopened

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I understand how supply and demand works. I also understand that one can have discourse without being a dick but that seems about as self-adjusting as the market.

The economy self-adjusted in 1929. People were not happy with the result. Regulations were put in place to keep that from happening again. In the 1980s those regulations were lifted. The market tried to self-adjust again but the taxpayers provided bailout money from a treasury that was not only broke but in debt.

Healthcare costs would self-adjust if the government hadn't put Medicare and Medicaid in place or pay subsidy to rural critical acess, subsidy to bad-debt or require hospitals to treat regardless of ability to pay. Not sure if people would be really happy with the "adjustment" period but oh well, too bad, so sad.

If investment created jobs for Americans instead of out-sourcing those jobs to other countries, then investment would eventually address the deficit. As things are now, I'm just not seeing this happening. I'm not smart like you, I'm just an old crone who has lived over half a century and have seen an America at work and an America sitting on its ass. As horrible as it sounds, I think in the long run we should have just let the banks fail, let the auto industry fail. Like a drunk who won't get help until he's reached rock bottom, I'm beginning to think this is the only way America is going to see how bad things really are. The ostrich approach just isn't working.

I'll shut up now. I'm obviously not intelligent enough to offer anything.

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RE: Myths and falsehoods about the deficit - 2/2/2010 5:15:53 AM

Musicmystery

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quote:

Healthcare costs would self-adjust if the government hadn't put Medicare and Medicaid in place or pay subsidy to rural critical acess, subsidy to bad-debt or require hospitals to treat regardless of ability to pay. Not sure if people would be really happy with the "adjustment" period but oh well, too bad, so sad.

Nonsense. We had widespread poverty, especially among the elderly. Now its much, much better.

The market just wasn't going to fix that, beyond having people die.

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RE: Myths and falsehoods about the deficit - 2/2/2010 5:26:54 AM

eyesopened

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quote:

ORIGINAL: Musicmystery

quote:

Healthcare costs would self-adjust if the government hadn't put Medicare and Medicaid in place or pay subsidy to rural critical acess, subsidy to bad-debt or require hospitals to treat regardless of ability to pay. Not sure if people would be really happy with the "adjustment" period but oh well, too bad, so sad.

Nonsense. We had widespread poverty, especially among the elderly. Now its much, much better.

The market just wasn't going to fix that, beyond having people die.

Yes, I totally agree but it sounded to me like that's what Wilbeurdaddy was suggesting. That we just let everything "self-adjust" without concern for the consequences of that adjustment period. We inacted Medicare, Medicaid and all the rest to help keep the poor and the elderly from dying just because they are poor and elderly. To me, that's the right thing to do. It's also the right thing to have regulations in place to keep industries from getting "too big to fail". But yes, left to its own, things will self-adjust. It's just that the self-adjustment is so very harsh. Even the bubonic plague ran itself out but not before killing 2/3 of europe.

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RE: Myths and falsehoods about the deficit - 2/2/2010 5:55:31 AM

Jeffff

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I don't think Citi bank believed in a self adjusting market.

Jeff

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