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The dow before and during the great depression was a classic bubble. In the 6 years before the crash the dow rose over 300%. Then came the correction and sell off. Over 2 years the market lost 89% of it's value. Over the next 12 month it returned to it's pre-bubble level. It wasn't until 1955 that the market matched record bubble level.
The new deal itself was an utter failure. It lengthen the depression out for years, it wasn't until the start of WWII that the workforce recovered. The production of warfare machinery and men leaving for the military, provided the job necessary for the recovery.
It's obvious because the DOW just closed at a record all time high of 15,680.
Real talk, now I don't say President Obama is responsible for the performance of the stock market, but in the last 2 years my 401k has a rate of return of 50%.
Why is the Tea Party so concerned about the ACA?? The majority are on Medicare
Does Medicare eligibility just happen instantly by magic, or does one have to pay premiums for YEARS before one is even eligible for Medicare benefits? Think about that...
Does Medicare eligibility just happen instantly by magic, or does one have to pay premiums for YEARS before one is even eligible for Medicare benefits? Think about that...
Most people who are receive Medicare pull more out of Medicare far exceeding what they paid into it. So they have not strictly speaking paid for all the Medicare costs they incur.
Most people who are receive Medicare pull more out of Medicare far exceeding what they paid into it. So they have not strictly speaking paid for all the Medicare costs they incur.
Which creates unsustainability. Why do you think Medicare is facing over 7.7 trillion in unfunded liabilities.
Most people who are receive Medicare pull more out of Medicare far exceeding what they paid into it. So they have not strictly speaking paid for all the Medicare costs they incur.
Those having paid NOTHING into insurance for years before eligibility will FAR exceed that pull. Who pays for that? How is that funded?
I'll remind you how other countries with national healthcare fund it. They do it via HIGHLY REGRESSIVE tax systems. Are you on board with that? Are liberals wiling to transition the U.S. to a HIGHLY REGRESSIVE tax system?
When will liberals put their money where their mouths are and embrace the HIGHLY REGRESSIVE tax system necessary to fund the single-payer healthcare they want so much? If it was doable any other way, all those far more socialist countries would have done so. Note, specifically, that they haven't.
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