Obama: "We're out of money"

[DamnYankee]

I'm not a big fan of Obama and his free wheeling spending, but he is right about one thing, and if you idiots don't get it, we're all going to be bankrupt.

YO.... Newsflash.... Mr. President already said "We're out of money."

Translation: We're already bankrupt.

 

[DamnYankee]

Bullshit.

Dayum.... I do believe that's exactly the same as "liar"....

Obama vows to cut huge deficit in half
By MIKE ALLEN | 2/22/09 6:58 AM EST

President Obama will announce Monday that he plans to cut the nation’s projected annual deficit in half by the end of his first term, a senior administration official said Saturday.

The plan will make explicit what Obama officials have been suggesting for months: Contrary to his campaign promise, Obama will allow the Bush tax cuts on the wealthiest Americans expire as scheduled at the end of 2010 instead of seeking their repeal sooner. Officials determined that seeking to raise the taxes earlier during a recession was a bad idea, advisers said.

Obama, who will speak Monday to a Fiscal Responsibility Summit at the White House, also will outline steps he is taking to eliminate what his staff calls “accounting gimmicks” used by previous administrations.

“This budget actually is going to assume that there will be a hurricane, tornado, earthquake, flood or manmade disaster in the United States in fiscal year 2010, and each year going forward 10 years,” the official said. “The Bush budget never assumed that.”

Under White House projections, this year’s inherited budget deficit of $1.3 trillion will be cut to $533 billion by fiscal year 2013, the end of the first term.

“So we’ll cut it at least in half,” the official said.

That represents a decrease from 9.2 percent of the gross domestic product, a measure of the nation’s output, to 3 percent, the administration estimates.

Obama vows to cut huge deficit in half - Mike Allen - POLITICO.com

The ENTIRE argument leading to the election included that Bush doubled the Deficit in 8 years and Obama would CUT the deficit.

That's the bullshit I was referring to.

Now, which part was bullshit -- exactly?

 

[C-101]

So the government not running health care is the reason we are out of money?

How fucking stupid are you people who voted for him?

I'm not a big fan of Obama and his free wheeling spending, but he is right about one thing, and if you idiots don't get it, we're all going to be bankrupt. Healthcare costs are increasing as a percentage of GDP every year, and there is no end in sight with our current system.

In 1980, we spend 8.8% of GDP on healthcare. Now we spend around 17%. By 2017, it will be 20%. By 2050, government spending on healthcare is estimated to hit over 32% of GDP alone, and that doesn't include non-government spending. In other words, we'll be spending 40% to 50% of GDP on healthcare.

Guess what? We can't afford that. I can't, you can't, nobody can. It will destroy our economy and our way of life. The simple fact is that healthcare has to and is going to change. And yes, it is going to be rationed.

At the rate we are going, it won't be long until employers drop healthcare as a benefit. It will become too expensive. If we get to that point, then you can damn well be certain things will change. It amazes me that so many people are so short sighted when it comes to so many critical issues, whether it be healthcare or energy.

While I believe there are solutions to our healthcare problems that could limit goverenment involvement, those on the right seem to be just fine with leaving the system as it is. Well, leaving it as it is will not work. These rising costs will eventually completely undermine the middle class. And when that happens, our entire economy will collapse. When the vast majority of people in a society can no longer afford to purchase goods, then the economy will collapse, and with it, those with the money will become as poor as the rest of the people.

Snapshots: Health Care Spending in the United States and OECD Countries - Kaiser Family Foundation

NCHC | Facts About Healthcare - Health Insurance Costs

Health Care Spending: What the Future Will Look*Like - Study #286

Your proposal is to simply have the government take over health care and ration it out to everyone on a limited basis. How original.

I hate to admit this to you, but it already failed in Europe. For Christ's sake, the Swedes are privatizing their health care industry because their experience with socialized medicine was so bad. The bloody socialist Swedes for crying out loud!

Besides that fact, what's the point in free health care if it results in poor quality and waiting lists for that poor quality? You might as well call it band-aid care.

The very thought that we're considering the rationing of life and death through the government is unconscionable.

 

[bossfan]

Canada, too, has begun privatizing portions of their health care system. Hmmmm....I wonder why?

The very people who are so strongly advocating nationalized health care will be the ones crying about it the most once we have it.

 

[DiveCon]

So what's the point? The President doesn't keep his promises? Tells lies? I figured that out by 1974. Hasn't changed since. It's the nature of the beast. It's not about lies or dishonesty, it's about if your liar won or not. Get over it.

I don't have to get over shit jack.

The point is that things could have been fixed right, but instead oblahma did just the opposite thing. You get it now, or do you need further explanation?

fixed right by whom? McCain?

FUCK NO!!!!!!!!

he would have been no better
thats the sad part, the liberal media picked BOTH the dem and GOP candidates and the blinded sheep followed

 

[DiveCon]

The ENTIRE argument leading to the election included that Bush doubled the Deficit in 8 years and Obama would CUT the deficit.

That's the bullshit I was referring to.

except that isnt bullshit

 

[DamnYankee]

I don't have to get over shit jack.

The point is that things could have been fixed right, but instead oblahma did just the opposite thing. You get it now, or do you need further explanation?

fixed right by whom? McCain?

FUCK NO!!!!!!!!

he would have been no better
thats the sad part, the liberal media picked BOTH the dem and GOP candidates and the blinded sheep followed

And you should all be askin' yourselves why.

 

[C-101]

Canada, too, has begun privatizing portions of their health care system. Hmmmm....I wonder why?

The very people who are so strongly advocating nationalized health care will be the ones crying about it the most once we have it.

It does make one wonder why universal health care is thought to be so wonderful when countries with socialized medicine make the jump to privatized medicine so quickly.

 

[Sweet Willy]

I wonder how many conservatives step up to the plate and practice what they preach? How many step up and pay for granny and pa to have private care and private pay for that care? I'd make a good bet that they help granny and pa fill out the medicare forms and put the checks in the bank.

 

[oreo]

Obama threw himself under the bus on this one:

Right now we're borrowing .50 cents on every dollar we're spending. No household budget in this country would ever dream of doing that.

A college student just entering the work force will be paying in INTEREST alone $114,000.00 for his budget & a 40 year old will be paying $138,000.00 in INTEREST alone. This is his budget ALONE & does not include the cost of health care & all of these bail-outs.

 

[Fraulein Hilda]

I wonder how many conservatives step up to the plate and practice what they preach? How many step up and pay for granny and pa to have private care and private pay for that care? I'd make a good bet that they help granny and pa fill out the medicare forms and put the checks in the bank.

Nope.

And Medicare is going broke. Don't make me laugh and tell me it's a federal program that "works."

 

[oreo]

I wonder how many conservatives step up to the plate and practice what they preach? How many step up and pay for granny and pa to have private care and private pay for that care? I'd make a good bet that they help granny and pa fill out the medicare forms and put the checks in the bank.

It might interest you to know that ALL 65 Year olds regardless of their income are REQUIRED to go on medicare. No private insurance company will cover them for catastrophic illness or injury. After they receive medicare they can get co-insurance for items that medicare will not pay for.

 

[KittenKoder]

Obama threw himself under the bus on this one:

Right now we're borrowing .50 cents on every dollar we're spending. No household budget in this country would ever dream of doing that.

A college student just entering the work force will be paying in INTEREST alone $114,000.00 for his budget & a 40 year old will be paying $138,000.00 in INTEREST alone. This is his budget ALONE & does not include the cost of health care & all of these bail-outs.

You'd be amazed at how many households are that stupid.

 

[oreo]

Obama threw himself under the bus on this one:

Right now we're borrowing .50 cents on every dollar we're spending. No household budget in this country would ever dream of doing that.

A college student just entering the work force will be paying in INTEREST alone $114,000.00 for his budget & a 40 year old will be paying $138,000.00 in INTEREST alone. This is his budget ALONE & does not include the cost of health care & all of these bail-outs.

You'd be amazed at how many households are that stupid.

You're right! But, they're in no way the majority of households in this country. Many of the ones that find themselves loosing their jobs today--are forced into a situation where their credit card debt is exploding--WHY? Because of our government's incompetent management of Fannie/Freddie.

 

[KittenKoder]

Obama threw himself under the bus on this one:

Right now we're borrowing .50 cents on every dollar we're spending. No household budget in this country would ever dream of doing that.

A college student just entering the work force will be paying in INTEREST alone $114,000.00 for his budget & a 40 year old will be paying $138,000.00 in INTEREST alone. This is his budget ALONE & does not include the cost of health care & all of these bail-outs.

You'd be amazed at how many households are that stupid.

You're right! But, they're in no way the majority of households in this country.

True, but apparently they are now the ones in power, and have been for a few elections.

 

[oreo]

You'd be amazed at how many households are that stupid.

You're right! But, they're in no way the majority of households in this country.

True, but apparently they are now the ones in power, and have been for a few elections.

I guess you're referring to the big spenders in Government? Yes, you're right. I am talking about the average household--who typically balances their budget--& doesn't necessarily spend more money than they have coming in.

 

[DamnYankee]

Obama threw himself under the bus on this one:

Right now we're borrowing .50 cents on every dollar we're spending. No household budget in this country would ever dream of doing that.

A college student just entering the work force will be paying in INTEREST alone $114,000.00 for his budget & a 40 year old will be paying $138,000.00 in INTEREST alone. This is his budget ALONE & does not include the cost of health care & all of these bail-outs.

You'd be amazed at how many households are that stupid.

You're right! But, they're in no way the majority of households in this country. Many of the ones that find themselves loosing their jobs today--are forced into a situation where their credit card debt is exploding--WHY? Because of our government's incompetent management of Fannie/Freddie.

I'll be damned.... And how long has Fannie/Freddie BEEN under incompetent management? Which party took control of Congress in 2007? And while we're at it, why didn't that Congress do something about the stranglehold the credit card companies/banks had on the consumers until now? Did they approve of usury until Obama was elected?

 

[oreo]

You'd be amazed at how many households are that stupid.

You're right! But, they're in no way the majority of households in this country. Many of the ones that find themselves loosing their jobs today--are forced into a situation where their credit card debt is exploding--WHY? Because of our government's incompetent management of Fannie/Freddie.

I'll be damned.... And how long has Fannie/Freddie BEEN under incompetent management? Which party took control of Congress in 2007? And while we're at it, why didn't that Congress do something about the stranglehold the credit card companies/banks had on the consumers until now? Did they approve of usury until Obama was elected?

I really don't know how long you have been on this board? But you might want to take the time to inform yourself on facts--before making a claim as you just did. Here's a good start.

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html

All of these agencies including AIG were deregulated during the Clinton administration. Each & every time someone from either side of the isle brought concerns over Fannie/Freddie--starting in 1995 it was typically house & senate banking democrats that blocked efforts to reign these agencies in. While both sides of the isle are to blame--this economic disaster was created by the very liberal democrat agenda of "everyone deserves homeownership," regardless of their credit scores, & or their ability to re-pay the loan.

 

[DamnYankee]

You're right! But, they're in no way the majority of households in this country. Many of the ones that find themselves loosing their jobs today--are forced into a situation where their credit card debt is exploding--WHY? Because of our government's incompetent management of Fannie/Freddie.

I'll be damned.... And how long has Fannie/Freddie BEEN under incompetent management? Which party took control of Congress in 2007? And while we're at it, why didn't that Congress do something about the stranglehold the credit card companies/banks had on the consumers until now? Did they approve of usury until Obama was elected?

I really don't know how long you have been on this board? But you might want to take the time to inform yourself on facts--before making a claim as you just did. Here's a good start.

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html.

Thanks ever soooo much!

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We're sorry, the page you've requested does not exist at this address.

Now, I'd suggest that before you start questioning the length of time that posters have been on THIS board, you check your references before attempting to present them as FACTS!

 

[Seraega]

Canada, too, has begun privatizing portions of their health care system. Hmmmm....I wonder why?

The very people who are so strongly advocating nationalized health care will be the ones crying about it the most once we have it.

It does make one wonder why universal health care is thought to be so wonderful when countries with socialized medicine make the jump to privatized medicine so quickly.

Both of you are full of shit. Canada has not privatized their health program, it is exactly the same as it has been. What they've changed is the ability for people to take on EXTRA coverage for things that aren't provided by the national system.

As far as rationing... It's simple. Medicare pays more for the LAST year of life than it pays for the all other years combined. The simple fact is not that we need to look at what procedures are likely to give years of good life and which are likely to give a few days or weeks. It's not rocket science. If a surgery costs $20k it better be buying more than a few days or weeks.