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Well, well, well. Who didn't know this would happen? Obama is clearly not happy with the CBO totally destroying his credibility on the issue of cost in his/congress HC overhaul. It appears they will now question whether the CBO is stepping beyond it's bounds.
Epic fail.
Who would/should you believe? The CBO's numbers were much closer to reality regarding the stimulus than obama's "rosy scenario" garbage.
Obama is on a seek and destroy mission for all those who criticize and point out what an absolute fraud he is with his rhetoric that just doesn't add up.
(August 12, 2008).The Trustee's calculation for the less-informative but more traditional 75-year time frame is $36 trillion. This is the present value of the excess of Medicare's future projected outlays above its projected dedicated funding sources. It is the present value of all general revenue that would have to be directed to Medicare beneficiaries to allow current benefits payment.
Yeah, credible sources. How about coming from their own Board of Trustees?
And the proof of that is EVERY other nation's experience with health care,
We really don't have to look beyond our borders for examples of what happens when government runs your health care - Mass, Tenn, IHS (Indian Health Service - ask them how they like it), the VA.
Now beyond our borders;
Canada - shortage of doctors, long wait times for simple preventative care. An explosion in private HC facilities.
We really don't have to look beyond our borders for examples of what happens when government runs your health care - Mass, Tenn, IHS (Indian Health Service - ask them how they like it), the VA.
"After the stock market crash of 1929, unemployment in the United States soared, reaching nearly 25 percent in 1932. It remained high until World War II brought an economic recovery."
Yes, I use credible sources only,and both your chart (the one you use), and the one I'm presenting show the same result:
The crash of '29 (we can discuss the growing wage inequity of the 20's- so like that of the 80'- 90's- if you wish), folowed by Hoover's private sector solutions, which produced 25% unemployment in 1932 (election year).
This is followed by the New Deal- the CCC, NRA, and Worker's Relief Program, which brought the unemployment rate down by 10 points (approx) in 1936.
Then came the '36 Midterms, the fear of deficits, and the unconstuitionality of the NRA by "The nine old men."
This emphasis on deficits shot unemployment back up, although nowhere near as high as it had been in '32.
WWII (a program of government spending) finally ended the unemployment problem.
Krugman ( a centerist, mainstream Economist who won the Nobel prize) has a great piece on this.
I can cite it so as to increase the scope of your understanding.
Last edited by Geechie North; 07-26-2009 at 07:32 PM..
The 10th edition of The State of Working America will be released on Labor Day weekend. This biennial publication presents a comprehensive and historical analysis of the living standards of Americans. A recurring theme, which became more pronounced with this edition, is increasing inequality. Inequality in the United States is on the rise, whether measured in terms of wages, family incomes, or wealth and is much higher than that of other advanced countries.
http://www.epi.org/images/snap200608232.gif (broken link)
The figure is one such measure of inequality—the ratio of the wealth
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"After the stock market crash of 1929, unemployment in the United States soared, reaching nearly 25 percent in 1932. It remained high until World War II brought an economic recovery.
