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Thread: Economy in Shambles?

  1. #41
    Senior Member Buzz's Avatar
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    See how medical spending constitutes about half of the first column?

    That is why Obama came into office with HCR as a first item of business...

    If we cannot control growth in healthcare spending, we're doomed.


    Quote Originally Posted by T. Mac View Post
    I very interesting article if you really want to be depressed: http://www.businessweek.com/magazine..._id=rss_search

    The graphs copied below give a pretty dismal view of what the future portends.

    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

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  2. #42

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    Buzz are you serious? Obama didn't decrease medical spending he increased it. Both at the state and federal levels. We have passed that bill and now we got to actually see what that will cost. Thanks Nancy, Harry, and Barack.

  3. #43
    Senior Member huntinman's Avatar
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    Quote Originally Posted by Buzz View Post
    See how medical spending constitutes about half of the first column?

    That is why Obama came into office with HCR as a first item of business...

    If we cannot control growth in healthcare spending, we're doomed.
    Only one way to respond to this... In good old RK fashion.....

    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!! !
    Bill Davis

  4. #44
    Senior Member Buzz's Avatar
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    Funny. In 2010 Republicans beat Democrats over the head with "Obama is going to pull the plug on granny," and "Democrats are cutting your Medicare."
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
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    Mick - Moneybird's Jumpin' Jack Flash***
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    Peerless - Moneybird's Sole Survivor
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  5. #45
    Senior Member road kill's Avatar
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    Quote Originally Posted by Buzz View Post
    Funny. In 2010 Republicans beat Democrats over the head with "Obama is going to pull the plug on granny," and "Democrats are cutting your Medicare."
    Hmmmmm.....

    Well in 2011-2012 Republicans and that "terrorist" organization the "Tea Party"
    (seems like just last year they were nothing more than an insignificant "astro-turf" group, and now they run Congress) will beat them over the head with "Obama Care."

    How ya think that will work for ya??????


    RK
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  6. #46
    Senior Member Gerry Clinchy's Avatar
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    Buzz, the budget will never get balanced if we don't look at both revenue AND spending.

    People working and investing generate more taxes than people who do not work or invest.

    We are so far behind, that revenue collected must pay current bills and pay off the debt. That has to start with spending no more than anticipated revenues. And determining how best to generate greater revenues.

    Whether for a corporation or a worker, there must be incentive to invest and to work.

    There is finite wealth to be taxed unless new wealth continues to be generated. Our Congress got the idea that the ability to tax was infinite.
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  7. #47
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    KISS (remove some zero's) - So you're a person bringing in $21K per year but you're spending $37K per year with a credit card already at $143K. You make a deal around the family table that spending will be cut a grand total of $385. I am amazed the nation's credit score remains AA+ but it won't for long. Don't try that in real life .
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  8. #48
    Senior Member Uncle Bill's Avatar
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    Quote Originally Posted by Marvin S View Post
    KISS (remove some zero's) - So you're a person bringing in $21K per year but you're spending $37K per year with a credit card already at $143K. You make a deal around the family table that spending will be cut a grand total of $385. I am amazed the nation's credit score remains AA+ but it won't for long. Don't try that in real life .

    Unfortunately, Marvin, too many already have. Now they figure with food stamps and Obama's 'stash', they will be well again.

    It's not very hard to recognize what's running the country, when you see all the fools that voted for these representatives. And if the Electoral college used to select the POTUS is abandoned, there will be nothing sane voters can do to halt what's happening.

    If it doesn't get done in 2012, it won't.

    UB
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