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Old 02-26-2019, 11:41 PM
 
25,317 posts, read 27,634,311 times
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I couldn't agree with him more:

https://finance.yahoo.com/news/us-de...192804468.html

He also said something else I've been saying forever:

Powell later added that the “single biggest thing” that drives the “unsustainability” is health care delivery. “We spend 17% of GDP, everyone else spends 10%. ... It’s not that benefits themselves are too generous. We deliver them in inefficient ways.”
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Old 02-26-2019, 11:44 PM
 
25,317 posts, read 27,634,311 times
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Quote:
Originally Posted by mysticaltyger View Post
I couldn't agree with him more:

https://finance.yahoo.com/news/us-de...192804468.html

He also said something else I've been saying forever:

Powell later added that the “single biggest thing” that drives the “unsustainability” is health care delivery. “We spend 17% of GDP, everyone else spends 10%. ... It’s not that benefits themselves are too generous. We deliver them in inefficient ways.”
And beyond that, most of the illnesses that plague us are completely preventable. The way to less health care costs has to address the lifestyle issues that lead to all these chronic illnesses. Dan Buettner leads the way in the social innovations needed to get us there. They're often simple, relatively low cost, and low tech:


https://www.youtube.com/watch?v=so_1etvOJiw&t=33s
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Old Yesterday, 02:22 AM
 
Location: Olympus Mons, Mars
5,303 posts, read 8,297,591 times
Reputation: 5298
massive deficit expansion (among other things) caused the utterly destructive inflation of the 70s so wr should be worried about going on a very similar path...
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Old Yesterday, 07:59 AM
 
Location: Pennsylvania
11,031 posts, read 3,710,403 times
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AOC and the communist democrats certainly aren't scared --- a mere 93 trillion dollars gets us some new green deal so we can stop the planet from imploding in 12 years.
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Old Yesterday, 08:04 AM
 
3,014 posts, read 724,730 times
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He also said AOC's GND was impossible and ridiculous.
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Old Yesterday, 08:10 AM
 
29,099 posts, read 46,177,523 times
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Quote:
Originally Posted by mysticaltyger View Post
I couldn't agree with him more:

https://finance.yahoo.com/news/us-de...192804468.html

He also said something else I've been saying forever:

Powell later added that the “single biggest thing” that drives the “unsustainability” is health care delivery. “We spend 17% of GDP, everyone else spends 10%. ... It’s not that benefits themselves are too generous. We deliver them in inefficient ways.”
But he didn’t say that the “inefficient ways” are responsible for lot of the wealth/momentum in the market and people’s pockets
Plenty of companies would lose all kinds of money if there was only EFFICIENT ways of delivering health care

Face it—
Our health care system is designed to make money for the companies involved in it, for the people who run those companies and investors who own large portions of them...
And that is true for the public and private sides
The nursing home providers who work with Medicaid patients, Big Pharma—including the companies screwing the price of Insulin up and up and up for no reason except profitability, the doctors that are involved in fraudulent practices/claims to draw millions in illegal billing...
The insurance companies that have made themselves the nexus for health care services...
Almost every aspect of this health care system is designed to make someone wealthy

That is not the case in systems run by countries
Not to say that every country’s system is run efficiently, fairly, or w/o fraud...

Most companies are so afraid that they will go bankrupt if they are required to change their methods
And their shareholders are too
Ergo all the money spent on lobby efforts, advertising, and strategies to capture a market...
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Old Yesterday, 08:15 AM
 
29,099 posts, read 46,177,523 times
Reputation: 15168
Quote:
Originally Posted by mysticaltyger View Post
And beyond that, most of the illnesses that plague us are completely preventable. The way to less health care costs has to address the lifestyle issues that lead to all these chronic illnesses. Dan Buettner leads the way in the social innovations needed to get us there. They're often simple, relatively low cost, and low tech:


https://www.youtube.com/watch?v=so_1etvOJiw&t=33s
But there again—you take profit out of the economy—
Consider what would happen if there were no junk food companies—no Coke, Pepsi, Frito Lay, Red Bull, etc...
These companies provide jobs, taxes, and keep some smaller towns afloat w/their production plants and warehouses/shipping operations...

I am not disagreeing with your premise—
Diet definitely has a huge impact on how healthy people are and the rise of obesity in this country and around the world as other countries are sourced out for new territory and see their citizens made new clients for these companies...
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Old Yesterday, 08:24 AM
 
2,444 posts, read 1,559,020 times
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What’s Japan’s debt to gdp?
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Old Yesterday, 08:29 AM
 
7,525 posts, read 6,963,780 times
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The trust fund programs, such as Social Security and Medicare/Medicaid, currently run a surplus. The problem is that the discretionary programs, such as defense, are underfunded by income taxes which are their primary source of revenue. About 1 out of every 3 dollars to fund these programs has to be borrowed.

link

If you split off the accumulated debts ($22 trillion) from the discretionary programs as a separate program, the total amount of payments over a 75-year period, the base period used in calculating future government program costs, would be about $55 trillion using 3 percent as the interest rate.

Last edited by lchoro; Yesterday at 08:41 AM..
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Old Yesterday, 08:54 AM
 
Location: Central CT, sometimes NH.
3,326 posts, read 5,009,502 times
Reputation: 3178
Healthcare and SS need to be meaningfully addressed. Japan and Germany are peer models. SS is the easier one to restructure. Healthcare is much more involved and would most likely require private/public partnership with major insurance companies divided up by region to manage a national universal plan.
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