China is the single largest holder of U.S. debt and owned $744 billion worth of U.S. government securities at the end of February, the latest month for which data is available, according to the U.S. Treasury.
...Yet on the other side of his mouth Obama proposes a Multi-Trillion Healthcare Package.
As a share of gross domestic product, we're looking at double-digit deficits as far as the eye can see. Over the next 10 years, the Congressional Budget Office predicts federal debt in the hands of the public will absorb 80 percent of GDP. And that doesn't include the real cost of state-run health care. Other than the temporary financial conditions surrounding World War II, we've never seen anything like this.
Shouldn't we fix a certain federal program $80 trillion in the hole. (Medicare)? Then move onto Social Security? Does anyone else see a problem with adding ANOTHER program to the failing mix?
Answer by akinbottom2 at 5:53 PM on May. 17, 2009
Answer by grlygrlz2 at 5:54 PM on May. 17, 2009
Answer by grlygrlz2 at 5:57 PM on May. 17, 2009
Answer by akinbottom2 at 5:57 PM on May. 17, 2009
Answer by tnmomofive at 6:02 PM on May. 17, 2009
Answer by akinbottom2 at 6:06 PM on May. 17, 2009
The President recently told a remarkable story about his grandmother. In the last months of her life — she was dying of cancer — she broke her hip and received a hip replacement from Medicare. "I don't know how much that hip replacement cost," Obama told the New York Times, and he questioned whether giving people "a hip replacement when they're terminally ill is a sustainable model." This is the most sensitive health-care issue imaginable. But the question of whether the government can decide which health-care treatments are appropriate is central to whether an affordable universal system can be devised. Part of the answer involves an essential change in Medicare, from fee-for-service to a managed-care system that decides whether a hip replacement is necessary for a terminal cancer patient.
Answer by grlygrlz2 at 6:11 PM on May. 17, 2009
Since most of the baby boomers about to enter the Medicare system have been living with managed care for the past 20 years, a gradual transition may not be impossible.
So who is expected to "give". If the babyboomers won't "give"? If employers drop insurance to save costs? Who GIVES? Ohh yea, the taxpayers.... Keep giving..... and giving......
Answer by grlygrlz2 at 6:13 PM on May. 17, 2009
Answer by akinbottom2 at 6:24 PM on May. 17, 2009
Answer by mancosmomma at 6:26 PM on May. 17, 2009
Next question overall
What states have you been a tourist in? What did you see there?