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post #51 of 76 (permalink) Old 11-11-2010, 04:42 PM
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Originally Posted by SPAZ View Post
and new york

I just wanted the "Rent is too damn high!" guy to win just to give our state bragging rights
Had to agree on this one - the man was excellent - like, very determined to make his point.

The last two years have gotten me interested in reading on basic economics. I am failing to understand what can be done if the government continues to borrow from banks - does that not mean all of the situation is owned by the shareholders of a few wealthy financial corporations? In that case (which is the case) - whatever Obama says, whatever they point out as the obstacles that have been removed - chances are the situation is not getting any better anytime soon.

I say - stay out of debt, think through if you are considering college (choose a degree that will provide you with a particular skill, not a Mickey Mouse degree), save money (either way if you go or do not to college) and keep 'boardin'!



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post #52 of 76 (permalink) Old 11-11-2010, 05:06 PM
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Social Security is not an entitlement funded from the general federal budget. It is funded by it`s own tax (FICA)....As it was intended, SS was to remain independent from the government's budget. Sadly, politicians on both sides have robbed from the account and left IOU`s in there. Al Gore got laughed at, but his point was very sound when he advocated that Social Security funds be put in a "lock box" so politicians could not raid it.

As for health care, there was never a push by the Obama Administration for universal health care or even single payer. His plan was to create a pool of private insurance companies to compete to provide the lowest cost policies to those without access to medical insurance. The plan was going to pay for itself through premiums just as your current private health insurance is. The point of the idea is that by increasing the size of the group, it drives premium prices down. Insurance companies do this today with health care policies. The larger the pool of people on the plan, the lower the individual premium is.

Say what you like about Medicare, it is still the most efficient way to dispense health care. In a private plan such as Blue Cross,as much as 70 cents of every dollar the individual spends goes to administrative costs of the insurance company leaving 30 cents to actually buy health care. By contrast, 70 to 80 cents of every dollar spent on Medicare goes to buy health care. The government can and sometimes does do things better than a corporation.

Single Payer Universal health care is the way to go. It works very well in every country that has it and eventually America is going to have to adopt it if we want to be competitive on the world economic market. The burden of health care coverage is crippling American industry to compete against out European and Asian counterparts who all have socialized medicine.

Here is a web site that you might find interesting. I suspect there will be some economic figures that will surprise you....

Medicare for All: Home
I understood that there is a separate tax that comes out, but I also understand that that it ultimately it is going to have to be propped up with money from general budget.

I read through some of the health care site...It sounds great if some of the outcomes other mention don't come true, such as the long waits. Didn't MA try a state run health care system? Didn't fail?


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post #53 of 76 (permalink) Old 11-12-2010, 08:01 AM Thread Starter
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snowolf: Donklephant, I'd be interested in seeing what you have to say on there.
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