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Thread: Health Care Bill has passed

  1. #1081
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    Re: Health Care Bill has passed

    Quote Originally Posted by Erod View Post
    Nothing that laying off 10,000 people won't solve.
    All that will do is lower profits and reduce dividends to stockholders. You people do not seem to know basic economics. If those 10,000 people generate profits only a moron would lay them off. If not, then they should be laid off regardless.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Health Care Bill has passed

    Quote Originally Posted by USA-1 View Post
    All that will do is lower profits and reduce dividends to stockholders. You people do not seem to know basic economics. If those 10,000 people generate profits only a moron would lay them off. If not, then they should be laid off regardless.
    LOL

    So how do you explain the millions of people who have been laid off the past couple of years?

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    Re: Health Care Bill has passed

    Quote Originally Posted by Goldenboy219 View Post
    You just do not seem to have a clue about how credit markets function, or how industry interdependency effects non failing firms. Get back to me when you have some decent analysis. I won't be expecting much though
    I understand implicitly. Fine, inject some cash to keep these dominoes from falling.

    But.....

    I also understand what happens when you finance this via China because we don't have a nickel to our name, then compound it with an unfunded healthcare plan that will bankrupt all 50 states.

    Next up: amnesty for illegals. How are we going to afford THEIR healthcare?

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    Re: Health Care Bill has passed

    Quote Originally Posted by Erod View Post
    LOL

    So how do you explain the millions of people who have been laid off the past couple of years?
    Well Einstein, it wasn't because of tax increases, now was it?
    Do you know what demand is?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Health Care Bill has passed

    Quote Originally Posted by Erod View Post
    I also understand what happens when you finance this via China because we don't have a nickel to our name, then compound it with an unfunded healthcare plan that will bankrupt all 50 states.


    Everyone having access to health care will bankrupt all 50 states because we have a negative trade balance with China? Do you even understand what you are implying?

    Next up: amnesty for illegals. How are we going to afford THEIR healthcare?
    If that comes to pass, the reality is quite apparent: taxes.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Health Care Bill has passed

    Quote Originally Posted by Goldenboy219 View Post


    Everyone having access to health care will bankrupt all 50 states because we have a negative trade balance with China? Do you even understand what you are implying?



    If that comes to pass, the reality is quite apparent: taxes.
    No....China owns the debt on our failing system of institutions, which I referenced from your previous post. That will be compounded by bankrupting states with additional Medicaid/Medicare obligations when they can't even pay for it right now.

    And raising taxes always solves deficit problems, doesn't it? Accept for.....well, never.

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    Re: Health Care Bill has passed

    Desperation. Obama would have agreed to anything to get this healthcare bill passed?

    FOXNews.com - Biden: Without Health Care Obama Would Be 'Absolutely Done'

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    Re: Health Care Bill has passed

    Quote Originally Posted by Erod View Post
    No....China owns the debt on our failing system of institutions, which I referenced from your previous post.
    China (or even Japan as they hold the most treasury debt at the moment) have nothing to do with it. Foreign holdings of treasury debt is a function of a negative current account (although not @ 1:1).

    That will be compounded by bankrupting states with additional Medicaid/Medicare obligations when they can't even pay for it right now.
    Compounded?

    The worlds financial system nearly exploded a little over a year ago. State and federal budget deficits are to be expected. Care to put a time frame on when the US will default? (much less go bankrupt)

    And raising taxes always solves deficit problems, doesn't it? Accept for.....well, never.


    Historical Top Tax Rate
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Health Care Bill has passed

    Quote Originally Posted by Erod View Post
    No, it's mostly about the fact that in no way can states or people possibly afford this.

    Obama has directly or indirectly taken over GM, Chrysler, AIG, Fannie, Freddie, Lehman, numerous banks, etc, and now healthcare. Now he's got amnesty, financial control of Wall Street, and cap and trade in his crosshairs.
    No, Obama has not taken over anything. We are not a monarchy. "We the people" have taken it over. Chevy has even hired back some of it's dealers.

    Who sang I get off on 57 Chevy..I get off on fiddle and guitars?.......I'm just a country boy? - Yahoo!Xtra Answers
    Last edited by LiberalAvenger; 03-25-10 at 01:27 PM.

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    Re: Health Care Bill has passed

    Quote Originally Posted by LiberalAvenger View Post
    No, Obama has not taken over anything. We are not a monarchy. "We the people" have taken it over. Chevy has even hired back some of it's dealers.

    Who sang I get off on 57 Chevy..I get off on fiddle and guitars?.......I'm just a country boy? - Yahoo!Xtra Answers
    Hyperbole still rules some best I can tell. Thanks for again setting the record straight.

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