Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
This isn't just about the unemployed, this bill cuts payments to doctors who take medicare by 21%.
It also cuts about 4 hundred thousand federal jobs.
So not only will we have people who are out of work but, we will have doctors who will no longer take medicare and more people not getting health care.
BTW the producers of abc news witnessed the senator giving the finger to news people asking him questions.
I wonder if he was one of the senators who voted for tax cuts for corporations?
Bunning's blockage of the package is going to have severe Medicare implications down the line. His action has triggered a 21 percent fee reduction to doctors seeing Medicare patients starting today. Lots of doctors are already curtailing seeing Medicare patients, so when things heat up and your parents and grandparents start complaining about Medicare and the lack of attending physicians, here's the reason. But don't worry about ole Jim because after he retires, he'll do just fine with his congressional health plan.
Harry Reid said[/url] this as recently as Jan 28...
How recently have you read the paygo rules? Did you catch the part about them covering new legislation that makes changes relative to the spending baseline? Do you thing that means they would cover extension of already existing legislation or spending that was already part of the basleine?
How recently have you read the paygo rules? Did you catch the part about them covering new legislation that makes changes relative to the spending baseline? Do you thing that means they would cover extension of already existing legislation or spending that was already part of the basleine?
Since I admit to not having read the paygo rules.. Quote me the part of it which says members of Congress must roll over and vote yes to pass the bills proposed?
This isn't just about the unemployed, this bill cuts payments to doctors who take medicare by 21%.
It also cuts about 4 hundred thousand federal jobs.
So not only will we have people who are out of work but, we will have doctors who will no longer take medicare and more people not getting health care.
BTW the producers of abc news witnessed the senator giving the finger to news people asking him questions.
I wonder if he was one of the senators who voted for tax cuts for corporations?
Well he's a Republican, and he probably can't think of any other way to create jobs. I doubt he even cared then about spending cuts to match the corporate tax cuts.
Silly me for not realizing the absolute brilliance in spending beyond our means!
Silly you for not realizing that this is exactly how all governments operate and how the US one has since its founding. There is absolutely nothing about public debt obligations to the Social Security Trust Fund that distinguishes them in any way from any other public debt obligation that exists now or has ever existed. Your SS has been stolen and replaced with worthless IOU's theory is a bunch of pure, unadulterated, right-wing manufactured bunk. But you believe it anyway.
Quote:
Originally Posted by whatyousay
Oh, don't take my word for it. Economists the world over have been sending up warning signals, but then again... a brilliant economist such as yourself would know that.
Warning signals? In the Chinese case, these are whining signals. They don't want to see the value of their considerable USD holdings eroded by inflation as the petro-dollar holdings of OPEC were in the late 70's and early 80's, an event that contributed to the collapse of OPEC as a cartel. Otherwise, what you have is people contemplating the unimagined damage wrought by the US-led global financial collapse and wondering how a future system might be better structured so as to reduce the possibility of such a calamity's occurring again. All of that will actually be worked out within the G-20 and other international financial forums. Whackjob internet financial guru wannabe's will not be invited to any of those sessions.
Quote:
Originally Posted by whatyousay
Like I said before, it's not me issuing warnings about the downgrading of the US govt's credit rating...
Credit rating? Moody's rates corporations and private sector government entities. Moody's AAA Sovereign newsletter meanwhile covers official financial events in eight economies of their choosing. That's how you get this AAA "rating" of yours. Has Japan got such a "rating"? No. China? No. India? No. Korea? No. Australia? No. Saudi Arabia? No. Russia? No. Brazil? No. Luxembourg? Yes.
What you report here is Moody's people playing up their own significance and speculating as to what their newsletter might look like in five or ten years if nothing in the trend were to change. The US debt-to-GDP ratio is normally in the 55-65% range. In taking steps necessary to counteract effects of the Bush Economic Collapse, it has risen to just above 85%. It was in the range of 125% in the days after WWII and exactly nothing disastrous happened. You might want to take some steps to make yourself more intimate and familiar with the concept of reality and its various implications.
Quote:
Originally Posted by whatyousay
But why listen to anyone you don't agree with. I mean, it's inconceivable that our credit rating could be downgraded despite huge budget deficits and a newly increased debt limit that now tops $14 trillion, isn't it?!
Agreement or disagreement has nothing to do with it. The question is why anyone at all should listen to people who don't know what they are talking about but talk anyway. Got any actual argument to make here? If so, you've certainly taken your time in putting it forward.
Quote:
Originally Posted by whatyousay
You just keep on listening to Mr. Geithner blab on and on trying to convince himself and other half-wits.
The half-wits seem all to be out at some Tea Party rally or perhaps occupied with immersing themselves in Glenn Beck reruns. It does not appear that either Geithner or any other reasonable or responsible person can count on being so much as minimally understood by these people.
what bunning should be telling congress is quit giving our money to other countries. here are the top 20 recipients of US generosity this past year and amounts:
Country FY 2009
1 Afghanistan 1,459,560,810
2 Pakistan 1,084,746,818
3 West Bank/Gaza 798,497,531
4 Jordan 515,749,676
5 Kenya 515,238,368
6 Sudan 467,960,516
7 Iraq 443,519,655
8 Egypt 435,155,600
9 Ethiopia 427,743,004
10 Georgia 331,343,446
11 South Africa Republic 324,356,642
12 Nigeria 290,736,554
13 Uganda 273,186,427
14 Colombia 225,890,663
15 Haiti 224,209,944
16 Tanzania 204,370,738
17 Zambia 182,166,338
18 Mozambique 178,096,420
19 Indonesia 177,123,304
20 Yemen- Republic of 152,320,444
those first numbers are in the billions, which is money diverted from the US economy.
Why don't you tell that to some of these countries? I can name a WHOLE lot more where that came from.
The question is why would you. Are you actually prepared to liken the US economy of 2010 to that of the Weimar Republic or Zimbabwe at their nadirs? Go ahead, say Yes!...laughter is a good thing...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
