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Yup, health care is why we are seeing huge deficits, and unless we spend even more tax dollars on some sort of universal health care, we will go deeper in debt.
Why is the first, last and only solution to this guy, more taxpayer spending, and more federal government control?
Quote:
C-SPAN host Steve Scully: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: "Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.
So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.
So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.
So, one option is just to do nothing. We say, 'Well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.'
Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...' Link (http://www.drudgereport.com/flashocs.htm - broken link)
Barak 0bama - borrowing our way into prosperity, apologizing our way to victory, and finger pointing to the past, to gain political absolution today.
Yup, health care is why we are seeing huge deficits, and unless we spend even more tax dollars on some sort of universal health care, we will go deeper in debt.
Why is the first, last and only solution to this guy, more taxpayer spending, and more federal government control?
Barak 0bama - borrowing our way into prosperity, apologizing our way to victory, and finger pointing to the past, to gain political absolution today.
Don't you get what he is saying? The current paradigm isn't and hasnt' been working and what got your country into the financial mess it is in. The big thing here is that he recognized there is a long term problem of financial unsustainability. For so many years, your low taxes contributed to your country's debt because your leadership has spent like money was growing on trees- It has to give man. Low taxes are great for a country that operates in an efficient manner - Do you really think your country has operated in a fiscally responsible manner? No it has not and you will have to pay for that indiscretion. At the very least - you now have a President who recognizes this!
Maybe Michelle can trade in those 500 tennies and donate to the cause. Nike tennis shoes will get that big girl from one place to another just like her bedazzled ones.
[quote=mississauga75;8976375]Don't you get what he is saying? The current paradigm isn't and hasnt' been working and what got your country into the financial mess it is in. The big thing here is that he recognized there is a long term problem of financial unsustainability. For so many years, your low taxes contributed to your country's debt because your leadership has spent like money was growing on trees- It has to give man. Low taxes are great for a country that operates in an efficient manner - Do you really think your country has operated in a fiscally responsible manner? No it has not and you will have to pay for that indiscretion. At the very least - you now have a President who recognizes this![/quote]
Is this 2009? Did I just wake up for a long coma and There is a President who recognizes this in office?
Don't you get what he is saying? The current paradigm isn't and hasnt' been working and what got your country into the financial mess it is in. The big thing here is that he recognized there is a long term problem of financial unsustainability. For so many years, your low taxes contributed to your country's debt because your leadership has spent like money was growing on trees- It has to give man. Low taxes are great for a country that operates in an efficient manner - Do you really think your country has operated in a fiscally responsible manner? No it has not and you will have to pay for that indiscretion. At the very least - you now have a President who recognizes this![/quote]
Is this 2009? Did I just wake up for a long coma and There is a President who recognizes this in office?
Well it looks like he does - he says it and he hit the nail on the head. Now he has to ACT on it. People aren't going to like it if he does, but it'll be the only way. The people have to make it clear they will support his goal of financial sustainability and balancing the budget. They will have to let him know they understand there will be sacrifices and that things won't be as good as they used to but it is the only way.
There is NOTHING fiscally responsible going on in this country. Of course we're out of money...we're giving it away to anyone and everyone. I don't care what your political side is, unless you're a complete moron, you cannot believe that spending money like this government is (yes....the Bush admin was spending too much too) cannot help this economy. It helps people win elections, but the idiot said it with his own mouth. We're broke.
Something isn't working. Granted, nobody expected us to be out of debt 100 days into his administration, but the least we could have done is STOPPED racking up trillions of debt.
Tell me, you brilliant economic minds, HOW DOES SPENDING MONEY LIKE THIS HELP US? HOW WILL IT GET US BACK ON TRACK?
There is NOTHING fiscally responsible going on in this country. Of course we're out of money...we're giving it away to anyone and everyone. I don't care what your political side is, unless you're a complete moron, you cannot believe that spending money like this government is (yes....the Bush admin was spending too much too) cannot help this economy. It helps people win elections, but the idiot said it with his own mouth. We're broke.
Something isn't working. Granted, nobody expected us to be out of debt 100 days into his administration, but the least we could have done is STOPPED racking up trillions of debt.
Tell me, you brilliant economic minds, HOW DOES SPENDING MONEY LIKE THIS HELP US? HOW WILL IT GET US BACK ON TRACK?
It can't.
Perhaps because if this short term measure wasn't done your financial system would have collapsed. Let us see what President Obama's plan is for long term financial sustainability - if it is good - please support your president. If it sucks than let everyone know about it. Remember this injection of capital into the financial system was a continuation of Bernanke and Paulson back in last quarter 2008...
You guys are paying way too much for prescription medicine in your Medicaid as well.. Poor value and overly prescribed....you should start importing cheaper pharmaceuticals from Canada and India.
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