Daily Podcast: Motown Mooch-oirs
I believe the current economic crisis is the inevitable result of easy credit. Leading this charge (in all senses of the word): the U.S. government. Uncle Sam and his state, county and city-based cousins have been living beyond my means for decades, lavishing tax money on lobbyists’ love interests like Hugh Hefner doling-out big-breasted Bunnies to a grotto full of coked-out film producers. Yes, voters enable this behavior. Yes, companies and private individuals have also been on a drunken spree. But at this time, when two aspiring presidents are yakking about the importance of leadership, neither Senator nor ANY of their cohorts are discussing the importance of reholstering the federal teat. I find it astounding that the House of Reps can slip $25b low-interest “loans” for a doomed domestic auto industry into a housekeeping bill. It’s emblematic of all that’s wrong with our current system: digging ourselves deeper into debt to get ourselves out of debt, without making the tough choices that balancing the books requires. These days, when GM sneezes, America says bless you! And hands it The Mother of All Tissues. That ain’t right.
An observation here about socialized medicine for the US: It is a mistake to look at Canada as a model solution. The reason is that Canada doesn't exist in vacuum. Most Canadians live within 100 miles of the US. Canadians with money have the option of going down the the US to get medical services. In brief, they have the best of both worlds. A better model of what the US can and should do is Australia. Aussies can't simply drive 100 miles to get US style "best money can buy" health care. The Aussies have a hybrid system of socialized medical care with private insurance on top. So everyone is covered, but those with the means can buy better levels of service. And the insurance companies have to compete for those customers. Just my 2 cents...
My niece will become a nurse because doctors in Canada do not get payed much more than nurses and she could not pay back the student loans for medical school. She is moving to Canada When Loser Clinton was president he did reduce military spending avoided all conflict and we ended up in surplus. The terrible debt was starting to be paid off. When bush took over did not reduce taxes, he stopped collecting them and drove us to a 9 trillion dollar deficit. The taxes plus interested are now the problem. The republicans changed the commodities market rules and the mutual funds started investing in oil because of those rules. Now we have high gas prices because of these rule changes. The banks change the way we proved we could support our mortgage notes and the banks now are holding all these mortgages for property that not worth the value of the mortgage.Then they allowed people to take equity loans out on their homes when the homes were given over market value worth. The idea that SS should be privatized is rediculous now that my $700,000 IRA is now worth $350,000. McCain said the baby boomers did not pay their way. Well the SS trust fund was created to cover the extra cost of baby boomers retirement and the government wrote the laws for the trust fund so the government had spend the money!!!!!!!!! No more trust fund :(