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#21 |
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Senior Member
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It wouldn't take forever to implement a deficit reduction plan that would begin to address the deficits immediately. The economy will never "roar" with these massive budget deficits.
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#22 | |
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curmudgeon
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Conservatives say that costs must be slashed. Liberals say revenues must soar. Moderates say a little of each is easier to swallow and more likely to be successful. It worked for Clinton in the 90's. It can work again but it absolutely requires a robust economy which must be our immediate priority even if it means a few more years of deficits. I tend to agree. The national debt is an impending problem while the recession is an immediate one. Fixing the economy is essential in order to post surpluses to pay down the debt.
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#23 | |
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The voice of reason
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I agree completely.
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A government that robs Peter to pay Paul can always depend on the support of Paul. -George Bernard Shaw |
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#24 |
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Senior Member
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o god! is this the same day that the mayan calendar stops?
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"The income gap between the rich and the rest of the US population has become so wide, and is growing so fast, that it might eventually threaten the stability of democratic capitalism itself"--Alan Greenspan |
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#25 | |||
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Quote:
Quote:
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#26 | |
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Senior Member
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dont forget that high debt isnt all bad (it certainly is mostly bad. i dont want you to think i believe it is desirable). US consumer purchasing power goes down and a larger piece of the budget goes to pay the debt and interest but exports will benefit especially once the credit mess is sorted out.
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"The income gap between the rich and the rest of the US population has become so wide, and is growing so fast, that it might eventually threaten the stability of democratic capitalism itself"--Alan Greenspan |
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#27 | ||
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curmudgeon
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The economy has to get moving first to produce the surpluses needed to pay down the debt.
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#28 |
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The voice of reason
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Clinton? Frank? Dodd?
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A government that robs Peter to pay Paul can always depend on the support of Paul. -George Bernard Shaw |
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#29 |
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#9, best QB in the world
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According to Louisiana Conservative -dot-com (see link below) the "town hall meeting on the Obama Health Care Plan" is this Monday morning in Reserve. Its the first time I've seen the date, time and location announced, and I would call this rather short notice (article posted yesterday). LaCon.com is claiming that the White House is withholding pre-publicity on the meetings so they can control the attendance and insure that only pro-plan citizens attend. Since my TV station did not get a press release on the meeting, I called the White House Press Office and made the request this morning. So far, they have not responded. Has anyone else seen this information anywhere else?
Obama’s Not-So-Secret - Secret Town Hall Meeting. |
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This space for rent. |
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#30 |
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The voice of reason
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Hope? It's fading
Change? Yes. For the worst Transparency: Don't make me laugh
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A government that robs Peter to pay Paul can always depend on the support of Paul. -George Bernard Shaw |
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#31 | ||
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Economic cost of the wars is projected to be "$144 billion in fiscal year 2009, $130 billion in 2010, and — in what the administration concedes are “placeholder estimates” — of $50 billion for 2011 and beyond."
In the best case scenario there will be a savings of about 90 billion annually starting in 2011. Again, this is the best case scenario and the projections may not work out if events cause the American military to undertake more operations than expected or to keep extra troops in Iraq. Even using the 90 billion annual savings it is but a small fraction of the CBO projected average annual trillion dollar budget deficits through 2019. I'm certain the CBO has already accounted for these savings in their projections anyway. Your answer to my question about getting a handle on the projected deficits: Quote:
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#32 | |
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curmudgeon
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What burden is this?
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#33 |
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The voice of reason
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A government that robs Peter to pay Paul can always depend on the support of Paul. -George Bernard Shaw |
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#34 | |
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Senior Member
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There is a healthcare crisis in america. Medicare expenses are growing and have been growing at 4 times the rate of inflation for decades. I think this is due to the fact that there are 2 paid lobbyists from healthcare providers (AMA, Big Pharma, HMO's, etc.) for every senator and representative in Wash. DC. Think about it.
The Medicare shortfall 20 years out, dwarfs the SS shortfall, by a factor of 3. Our 11 trillion US debt will grow to 50 trillion in 30 years (projection before the financial crisis) if we don't do something (and that debt will further reduce the value of the dollar along the way, which is the case for gold and holding some foreign stocks). SF said he pays for his healthcare, but that's not exactly right. If he is still at AIG, he pays for PART of his healthcare, usually about 30% of a $1,000 per month family plan. That's about what I pay. The company is paying about 600-700 per month. That's a huge burden on companies. We have to stop the cost from accelerating at 4 times the inflation rate. SF mentioned tort reform. My reading says it's a 30 billion a year issue, and solving it won't fix healthcare. We need bigger numbers. The repubs passed prescription coverage under medicare, and forbade the govt. from negotiating for volume discounts on the drugs (payback for support from big pharma). We should be allowed to negotiate volume discounts, just like Wal Mart does. The bill was 650 billion for 5 years, we could get at least 200 billion out of that, or a 40 billion a year reduction. The biggest thing to attack is probably end of life care. this is more than a quarter of medicare's 350 billion annual expenses, over 80 billion a year, for people in the last year of their life. We need some guidelines. My mother was not informed how near my aunt was to death, and she was told my aunt needed a tracheotomy, which was done 3 days before she died. Totally unnecessary. Quote:
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#35 | |
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The voice of reason
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I said we should start with tort reform.
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A government that robs Peter to pay Paul can always depend on the support of Paul. -George Bernard Shaw |
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#36 |
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im the lyrical jessejames
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is there a houston, california?
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Am I getting smart with you? How would you know?
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#37 |
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curmudgeon
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It was simple question. martin has maintained that cap and trade is bad for business. Now you are saying that cap and trade is a burden on the working man. How exactly?
Sounds good to me. So what reform would be best and how the hell do we get it done with all three branches of government run by lawyers? It will be easier to get rid of the lobbyists on the Hill. It will be easier to get rid of mosquitos in Cameron Parish.
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#38 | |
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Senior Member
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We have had tort reform here in Tx.
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My experience tends to corroborate this article. When I broke my wrist last year, I was in the hospital for 6 hours; had a 90 minute surgery. Un-negotiated bill, 16K to hospital, 4K to the surgeon. Negotiated bill was 4K to the hospital and 1K to the dr.; cost me a grand out of pocket. Anyone wonder why such a large discrepancy, where the grossest largest bill is given to the poorest (ostensibly, i.e. "uninsured") and the lowest bill to the middle class insured person. I think its industry intimidation, to scare the bejesus out of every person with the slightest chance to possibly afford health insurance to sign up and pay. They'll take your money when you're healthy, then find a way to drop you when you get sick, if you're not in a company plan. It optimizes their profit, and that's all the insurance companies are looking for. |
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#39 | ||
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The voice of reason
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Tort reform should include a cap on general damges and severe penalties for frivolous lawsuits. I'd define frivolous as one that you lose.
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A government that robs Peter to pay Paul can always depend on the support of Paul. -George Bernard Shaw |
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#40 | |
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curmudgeon
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These are far smaller numbers, less than $350 bucks a year for high-income people.
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