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xBullx -> RE: Shocker, debt unsustainable... (7/28/2010 6:48:28 PM)
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ORIGINAL: domiguy
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ORIGINAL: xBullx
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ORIGINAL: domiguy
How did you make the jump from the CBO article that you "quoted," to the idea that someone is trying to "break" the country?
Well it is just a curiousity I have but, it wasn't hard, the men that adjust the purse strings in Washington surely can see their actions will bankrupt this country, and now the CBO is warning them of just that very thing. And you can play dumb if you want, but they knew this going in, they spend money like they found it in the road.
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Who are the landlords and who is trying to break the country?
Apparently I'm a bit to cryptic for you. If we keep borrowing money until we default they take posession. In theroy anyway, you know the creditors. Or are you too of the notion we don't have to pay it back?
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No where in the article were "landlords" mentioned or were there any allusions made that the country is in any type of "imminent" danger.
No danger if we right the spending glut. Do you see any sign that they intend to stop spending like lunitics?
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Are we reading the same article?
Don't be obtuse, it doesn't become you and I for one am not buying it.
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Want to discuss whether Obama is a U.S. citizen?
And then there's the obvious sign you had no intention beyond misdirection and spin.
Good for you, my self-righteous friend.
Two can play the game....
Anywhooo, we have just dealt with one of the most serious financial calamaties since the depression. (the mortgage wrapped security mess).
We are still fightin two rather unnecessary wars. Hopefully these costs will recede with the war.
Though not mentioning directly, the article does talk about the aging population of America and how their impending health care costs are going to prove to be a huge financial detriment to this country.
I can only assume they are questioning how medicare will be able to adequately fund the cost of this care?
Medicare is in deep shit. It should be run with more efficiency with more attempts made to alleviate the fraud that plagues the system.
While people may have not liked the way the mortgage crisis was handled it was handled and to date we have avoided a full blown depression.
Do we need to get ahold of our spending? Absolutely. Do we need to get our health care costs under control? Without a doubt.
I recently helped out a friend's mom navigate signing up for her medicare part "B" benefits.
She recently retired from her job at a bank where her salary was just under 40k but the cost of her health benefits shared by her as well as her employer was almost $9,200.00 annually.
You want to talk about being competitive within a global economy or how much of our work year goes to pay the costs that insure we have adequate health care?
In many cases our landlords are the insurance companies and the health industry that charges absolutely ludicrous sums for the care they administer and allow to be delivered.
I don't think I disputed a single thing you mentioned. However this calamity as you called it started long ago... And I'm not laying it all on one party or the other. Obama's plans may have helped things, or maybe not, the jury in my head is still out.
The Wars in my opinion are a cause from vast decades of our own short-sightedness, both parties and all of America is to blame, in my opinion.
The Health Care issue must be addressed, I don't believe it has been, in fact short of the Insurance companies not being able to refuse care for pre-existing conditions I think Obamacare is an expensive flop. We need a real answer to this problem.
There has got to be a better way to serve this nations health care requirements, I regret to inform you that I have limited ideas, but I'm checking things out and trying to gain wisdom. A poster in this thread point out cost percentages for company staffs, that helps.
Apart from that I think we agree on much of the stuff mentioned.
Anway, I like this type of post. Thanks.
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