Galt's Gulch

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  • Posted by SolitudeIsBliss 12 years, 2 months ago
    Wreckovery is a good term for what America is experiencing. Alas, those who voted for Obama, not once but twice, have only themselves to blame. Sad thing is we're all on the same train headed straight to derailment. Hang on folks, it's going to be a bumpy ride !!!
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    • Posted by $ Your_Name_Goes_Here 12 years, 2 months ago
      Indeed they have only themselves to blame, but unfortunately the rest of us are in the same sinking vessel with them. And we are the only ones bailing...
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      • Posted by g4lt 12 years, 2 months ago
        The problem is 90% are just bailing from the port side to the starboard side. It's supposed to go over the gunwales, guys. Putting in Bush 3 won't help, in fact it'll make things worse, because in the middle of all this, they'll declare a war on some weakened nation-state and spend more money we can't afford.
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        • Posted by $ blarman 12 years, 2 months ago
          Agree that D vs R isn't the key. The key is putting in a President who respects the limitations of government. Haven't had one of those in almost 30 years.

          More important than that, however, is that the next President should be a person who has run their own business - and one that wasn't a government contractor! We need fewer political science majors and community organizers in office and more doctors, more entrepreneurs. We need people who know how to balance a checkbook and run the government like a business.
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  • Posted by jhthurman 12 years, 2 months ago
    Anyone that believes the American economy is in recovery is in denial of the facts. Pumping fiat money into the stock market, like the Fed is currently doing, is just creating an illusion of a recovery until the bubble bursts, which you can expect shortly after the November elections. The administration is, once again, trying to fools the people.
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    • Posted by richrobinson 12 years, 2 months ago
      I think the bubble may burst sooner. It used to be the politicians and powers that be could keep it going until after an election but this time things are a lot worse than most realize.
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  • Posted by mminnick 12 years, 2 months ago
    When Obama was elected I had a full time job with a great company. Since then I've been unemployed for a total of 20 months, half of that time not even eligible for unemployment (self-employed contract worker)). I'm currently unemployed again.
    Insurance rates are through the roof. I must say that being able to buy insurance with a pre-existing condition is nice, but the price is enough to give one heart failure.
    In general, I would say that I am considerably worse off that before His Majesty was anointed.
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    • Posted by strugatsky 12 years, 2 months ago
      MM, I'll second everything that you've said, except that I would like to point out a common flaw that many are falling for -- insurance for a pre-existing condition. That is not insurance. It is like calling your car insurance company and buying a policy right after a crash. By forcing insurance companies cover pre-existing conditions, the rules have been re-defined and the rates reflect that. No surprise here, is there?
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      • Posted by mminnick 12 years, 2 months ago
        I wasn't asking for insurance to cover the pre-existing condition. Because of the condition, I could not get insurance period. I did not expect to have the pre-existing condition covered, I wanted insurance to cover other items etc. No could get any coverage.
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        • Posted by strugatsky 12 years, 2 months ago
          Unfortunately, government regulations have essentially destroyed the health insurance industry even before the final government takeover and you can't buy a plan that actually pays for only what you want. And because of the government regulations, your cash payment to a health provider is several times more than through an insurance plan - plain ridiculous! Of course, to fix it, we need more regulations...
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    • Posted by Robbie53024 12 years, 2 months ago
      I feel for you. I lost 2 different jobs due to the economic conditions. Luckily was able to find employment that utilizes my skillset. If the economy truly tanks, I'll be in the same boat.
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    • Posted by cjferraris 12 years, 2 months ago
      You know the thing about a pre-existing condition this was never a problem for me. If I changed insurances, I just joined the HMO plan that was offered. As long as I didn't have to go for a "pre-existing problem" for 3 months, I was treated just fine. Plus, since the HMO was the only one in town, I only had to do that once. Since I got a "certificate of prior insurance" from each job that I left, I was able to turn it in when I applied to my new HR department and it wasn't a factor to me.
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  • Posted by Danno 12 years, 2 months ago
    Preventive care needs to be separate out of pocket then have catastrophic policy for the bad stuff. A secondary market trading policies might help too if health numbers are shared on the bid. Then get rid of the FED who devalued the currency and have a currency reset favoring the savers!
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  • Posted by cjferraris 12 years, 2 months ago
    In my opinion, had we have to do the "hard decisions" (letting certain businesses fail, letting the market dictate the recovery, etc.) We would have already been out of the recovery. By all of the "easing" that we've done, we've not only pro-longed the recovery, we haven't really learned the lessons from it. We've kicked the budget can so far down the road, we're having to retrieve it from another town.
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    • Posted by $ Your_Name_Goes_Here 12 years, 2 months ago
      Amen to that!

      Speaking of easing... our "leaders" say they are not inflating our money supply through the $85B spent each month to buy treasuries. Where does that money come from then? Feels like a shell game of IOUs to me.
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  • Posted by Stormi 12 years, 2 months ago
    Look for it to get even worse if Hillary is elected, or put in through election fraud. She is all out for a single payer system, she is all on board with UN Agenda 21, and loves the Common Core idea. Only difference, more people end up "suicides" under the Clintons. My husband should be retired, but is afraid to completely retire as long as these people are in office. They had a committee set up, before Pelosi was out as Speaker, to discuss seizing 401K and pension funds. We are all sunk if that happens.
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    • Posted by richrobinson 12 years, 2 months ago
      I have read about the plans to seize retirement funds. It sounded crazy a few years ago. Now its business as usual.
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      • Posted by Stormi 12 years, 2 months ago
        Yes, seizure was a very real plan they were trying to set in action under Pelos as Speaker.
        Oct., 2010 –SHTFPlan.com
        "Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.
        In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending."
        Somehow, i do not trust they are through with it yet.
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  • Posted by jcs 12 years, 2 months ago
    It is not medical insurance that is being discussed; it is the financing of health care under a socialistic structure.
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    • Posted by Boborobdos 12 years, 2 months ago
      How's come other industrialized countries have medical comparable to or better than what most Americans get, yet it's so much less expensive?
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      • Posted by $ blarman 12 years, 2 months ago
        You are misinformed of such. If you are referring to the socialist nations of Europe, there are a few things you should note:

        Effective tax rates in the EU are over 50% for personal income taxes. Some nations such as Norway approach 70%.

        Both Great Britain and Denmark recently published public statements that basically said "we have to cut medical provisions or go bankrupt." Waiting lists for treatment are bad and emergency room conditions even worse.

        I would ask you to define any area where you think socialized medicine is providing superior service at a better price and give evidence. I think that what you'll find is that you've been sold a bridge to nowhere.
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