Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 47

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

  1. #21
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by lizzie View Post
    I was a bit surprised at Dean's response as well.

    The sad fact of the matter is that the US government may end up going bankrupt eventually no matter what we do.
    This is the honest, non-partisan truth that so many here ignore. And Obama's not wrong. Projections on medicare/aid are pretty grim to the point where they are virtually encompassing the budget and many of these were done back in the end days of Clinton. I haven't seen projections for private, but I suspect they are just as bad, if they weren't, firms would still as a norm, offer medical.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #22
    Banned
    Join Date
    Sep 2009
    Last Seen
    01-21-10 @ 02:59 PM
    Lean
    Undisclosed
    Posts
    744

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

    Quote Originally Posted by obvious Child View Post
    This is the honest, non-partisan truth that so many here ignore. And Obama's not wrong. Projections on medicare/aid are pretty grim to the point where they are virtually encompassing the budget and many of these were done back in the end days of Clinton. I haven't seen projections for private, but I suspect they are just as bad, if they weren't, firms would still as a norm, offer medical.
    So medicaid/medicare is broke, so the answer is to cover everyone, and put everyone on this failed plan, or we will really go bankrupt, is this the message I am to receive?

  3. #23
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by Jackboot View Post
    So medicaid/medicare is broke, so the answer is to cover everyone, and put everyone on this failed plan, or we will really go bankrupt, is this the message I am to receive?
    LOL. I never said Obama was consistent. Nor were the GOP who are arguing not to touch or change Medicare (despite the fact it's broke). Huh. Imagine that.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  4. #24
    Banned
    Join Date
    Jun 2008
    Location
    Canada
    Last Seen
    12-26-10 @ 06:57 PM
    Gender
    Lean
    Independent
    Posts
    8,083

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

    Quote Originally Posted by American View Post
    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.
    I'm just curious why you think the left is solely responsible for the behavior of the federal reserve?

  5. #25
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by American View Post
    Laffer curve is based on tax cuts, not tax increases.
    Wrong. The Laffer curve is based on the marginal propensity to work, not tax cuts. At certain, theoretical locations on the curve, more people will work then at higher points. Assuming that the income is taxable, moving from a higher position to a substantially lower position will result in theory, in more tax revenue. While reduction in tax rates are a vital part of the curve, it is not the basis of it.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  6. #26
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

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

    Yeah OC crowing the Obama line is "Non-partisan".

    Anyway, back to reality. There is wisdom in this: " America will fail when the people realize they can vote themselves gold from the treasury".

    We're living that today. The Liberals latches onto this first, FDR pushed it hard, getting votes by offering Government "assistance". LBJ pushed it harder, and most of the Dem's in the House and Senate live by it. Obama is just pushing for the Coup de Grace as it were, with "Healthcare reform".

    The GOP went soft, and Bush, while a strong military President, and he was, was weak on the Domestic Front and let the GOP Controlled House and Senate play the same game. Those in power were not help in check by the voters, got tooo comfy playing the "spend for Votes and Power" game and got tossed. Sadly, American's tend to be IDIOTS in this respect and replaced bad with worse.

    When you are facing a financial shortfall, you don't spend more, you cut spending, cut taxes (to promote economic growth) and get out of the way of the economy. Sadly, the Difference between the Left and the Right is simple and yet profound. The Liberals believe in centralized control. The Right as a general rule does not... though they haven't behaved well in the last ten years!

    This house of cards is gonna come crashing down hard unless we the people stand up and say "STOP THIS **** NOW". But we've got a generation of dependent fools that fear not having Government there to save them from themselves.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  7. #27
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by MrVicchio View Post
    Yeah OC crowing the Obama line is "Non-partisan".
    Care to examine the projections for total medicare costs over the next 50 years?

    Or are you just being your typical "Find ANYTHING to hit OC on, doesn't matter how ridiculous or insane it is?" Medicare was doomed when Clinton was in office. How am I crowing the Obama line when I stated that?

    Anyway, back to reality. There is wisdom in this: " America will fail when the people realize they can vote themselves gold from the treasury".
    Hmm. So I take it you are for campaign finance laws that prohibit corporations from doing just that?

    When you are facing a financial shortfall, you don't spend more, you cut spending
    Tell me, how did that work out for Hoover?

    Yes, let's cut spending, which reduces the total flow of money into the economy, which causes thousands of people to lose their jobs due to spending multipliers which then causes us to spend even more money on automatic stabilizers. Are we trying to destroy the economy? Because that's what it sounds like under your plan. So thus, we have fewer people in jobs with higher unemployment costs. Good Job Mr. V. You've destroyed the American Economy.

    cut taxes (to promote economic growth)
    Assuming that current rates are to the right of the ideal marginal propensity to work on the Laffer Curve. Good luck proving that. Especially when the Laffer curve is little more then a conceptualized sociological phenomena.

    Not to mention cutting personal income taxes when those are not the real inhibitors of new jobs is kind of stupid.

    The Right as a general rule does not... though they haven't behaved well in the last ten years!
    Actions always mean more then words. The Democrats and Republicans are cut from the same cloth.
    Last edited by obvious Child; 12-18-09 at 04:11 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  8. #28
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Let's look at a study from the Bush Years:

    Within 100 years, the 90 percent confidence interval for Medicare costs as a percent of GDP spans more than 30 percentage points
    ....

    Medicare costs are estimated to be 7.0 percent of GDP by 2030, 10.0
    percent in 2050, and 13.9 percent by 2080.
    HOLY CRAP.

    www.cbo.gov/doc.cfm?index=5770

    Issues in Economics Today - Google Books

    And various parts of Medicare/aid were projected to go broke well before Obama was even elected to the Senate.

    http://www.encyclopedia.com/doc/1G1-62929176.html

    White House Medicare Study Supports Clinton's Medicare Budget Proposal

    Medicare was projected to go belly long ago. Do you really think that constantly funding it with such extreme growth projections is not going to cause serious financial problems to the point of potential bankruptcy?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #29
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

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

    Quote Originally Posted by Orius View Post
    I'm just curious why you think the left is solely responsible for the behavior of the federal reserve?
    It's not, but the Left tends to unleash that beast.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  10. #30
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

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

    Quote Originally Posted by MrVicchio View Post
    It's not, but the Left tends to unleash that beast.
    So Wall Street is leftist?

    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

Page 3 of 5 FirstFirst 12345 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •