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Thread: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are Not R

  1. #11
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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goldenboy219 View Post
    It's not even about why would you..... You couldn't Goobe, and that's the point.
    Sorry, troll -- you have no power here.

  2. #12
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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goobieman View Post
    Sorry, troll -- you have no power here.
    Actually, my comment was relative to the OP. Your comment on the other hand... was trollish.

    As the debt burden increases (via cost increases of an aging population), so will the propensity of the federal government to tax. Up to a specific point, the tax increases will inevitably put a negative association with potential revenues, of which the laffer curve becomes relevant once again.

    Since you have neither useful information, or an argument from your fellow partisans, there really is no reason for you to respond to anything.
    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

  3. #13
    Banned Goobieman's Avatar
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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by lizzie View Post
    The sad fact of the matter is that the US government may end up going bankrupt eventually no matter what we do.
    This isn't really true.
    Every dollar - and that is EVERY dollar - the government spends, it -chooses- to spend. The government can absolutely, unquestionably and irrefutably avoid bankruptcy by simply not spending the money.

    Its all about the choices you make.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    The president said that the costs of Medicare and Medicaid are on an “unsustainable” trajectory and if there is no action taken to bring them down, “the federal government will go bankrupt.”
    This -is- true.
    Here's a solution to bring down the spending on Medicare/aid:
    Choose to spend less.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Oops, wrong thread.

  6. #16
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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goldenboy219 View Post
    It's not even about why would you..... You couldn't Goobe, and that's the point.



    That the left was silent?
    Since the left doesn't practice supply-side when would you expect to see the extra revenue come in? First though explain how the government will go bankrupt.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goldenboy219 View Post
    Actually, my comment was relative to the OP. Your comment on the other hand... was trollish.

    As the debt burden increases (via cost increases of an aging population), so will the propensity of the federal government to tax. Up to a specific point, the tax increases will inevitably put a negative association with potential revenues, of which the laffer curve becomes relevant once again.

    Since you have neither useful information, or an argument from your fellow partisans, there really is no reason for you to respond to anything.
    Laffer curve is based on tax cuts, not tax increases. You're thinking of the Laugher Curve. The left will just print money like they're doing now.
    Last edited by American; 12-17-09 at 05:40 PM.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    "will go bankrupt"

    Really....."will go", we are, and it is only getting worse with every credit card bill that comes in!

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Quote Originally Posted by Goobieman View Post
    This isn't really true.
    Every dollar - and that is EVERY dollar - the government spends, it -chooses- to spend. The government can absolutely, unquestionably and irrefutably avoid bankruptcy by simply not spending the money.

    Its all about the choices you make.
    That's pretty much what I was inferring. The government will eventually be bankrupt at the rate we are going. We have increasing numbers of government program dependents, a growing aged population due to medical technology, more and more people wanting government control of their lives (along with the freebies), and more politicians who use this in order to get votes.
    Politicians who can get elected on the basis of social programs and spending will continue to make promises that they eventually will be unable to fulfill. Democrats have used this tactic for many years, and it works. Republicans have realized this is the way to increase their support. The American people, as a whole, are stupid, greedy, and self-absorbed, and cannot be trusted to vote for the good of the country rather than for their own wants and needs.
    Last edited by lizzie; 12-17-09 at 06:12 PM.

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    Re: President Obama: Federal Government 'Will Go Bankrupt' if Health Care Costs Are N

    Actually, not passing the Obamacare bill will save us from bankruptcy. All of us, not just the government.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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