Medicare is indeed f*cked. Between the fact that fewer taxes are collected for it, and costs are out of control due to the broken health care system, Medicare isn't going to make it. It would require a restructuring of the entire health care system.
SS is lumped in with Medicare in order to muddy it and make it sound like the same.
There is a commenter at other blogs who is always anonymous but signs his comments "snuffy". He didn't see this post; his comments pertain to another dialog thread. His pain comes through clearly and his wisdom is to be taken seriously.
Your information about the hard times in the solar industry is noted...might be a good time to get whatever you can in the way of hard cells to squirrel away for the future...
I think we all have come to the conclusion that there is some kind of a shadow agenda in this administration...but to say that it is only "the banksters" best interest would be hard ,...or would it?. We will see...wont we? I think there is a serious miscalculation by those in power now of the degree of anger...[stone rage] at the system. This anger had one manefestation in the election. You can see another in the daily arrests of health care professionals trying to have their voices heard above the clamor of the "Money for Medicine" crowd. I think you will see more of this....and the level of rage will increase...until physical violence will be the norm.
That the doctors and nurses are leading the charge is wonderful..and frightening. They know how badly the system is broken,yet those running it are getting sooo wealthy they can not see any way of change. It will result in eventual failure of the entire system. Have your medicines,and your medical care [personal address and friendship with a physician]lined up,as its going to get worse...bad bad bad soon.
I have relaxed this morning and have had thom hartman on the radio.He has spent a lot of time spoon-feeding the economic theory to all of his listeners.
I sometimes wonder if voices like his will help at all to educate the average citizen to the massive screwing taking place as we speak,or if it will take the complete and utter destruction of the middle class ...and the poverty and want that will result before enough people understand that actions of those in power have badly hurt the lives of all of us,and will continue to as long as they have power.
Change will happen. But for it to help instead of hurt will take intelligent, dedicated people at the highest levels to have the common man's interest, instead of only the wealthy. The saying "Those who make peaceful change impossible make violent change inevitible"is still true..and will be true regardless if the administration is democratic ,or republican. Here is a prediction. If it blows up on O-mans watch,[and most regulars here are fairly sure it will]full-blown martial law will go into effect so fast it will shock everyone.
Think about it...
If it really blew up, what would be the options? Let it all disintegrate? Do you think the powers that be want to live in a mad-max world?
What will be the effect if we have a continuation of a couple percent of the population becoming "underemployed" with the continuing loss of the ability to survive of another couple of percent...monthly? Its getting real bad folks real real fast,and I dont know if those in power understand that this is where you start to see young folk deciding logically and rationally to become criminals...and hookers@ 15...and so many wasted lives. Poverty does this. They are coming close to losing a whole generation of people who will never live to their potential...due to the greed and mis-management of those in power. And remember,they are all system savvy,and will have a distrust of .gov that will stick with them all their lives. The basic distrust of .gov I developed was due to Vietnam. This generation will see starvation of family. I had many long talks with my 94 year old grandmother about the last time it all broke down. About the starvation of a firstborn child in a soddy in Oklahoma. About her deep fear of what will come if we go there again. She is one sharp old bird,and knows people so well. I have come to listen to her carefully.
I don't know whats coming down. All I see is a continuation of the attempts to re-inflate a popped balloon...an attempt to save the monied class as the entire goal of a administration. All else is fluff. The actions they are taking will fail, and are "eating the seed corn"of the future.
No one would have believed that a black man would be president 2 years before the event.
I am positive no one would believe where we are headed...2 years from now the world will be a very very different place. And no one would believe now where we will be then...
Time to go "be productive"
snuffy
I will invite him to comment here and I hope he does. This is typical snuffy (reminds me of JV!).
The US (and I blame Clinton and the democrats for this as well) played a very poor and amateurish game with China over the last 15 years.
Actually, "we" aren't even in the game. The allegedly amateurish "U.S." trade representatives put in place by the multinationals that run "our" trade policy are doing their job - which was to facilitate offshoring and make the U.S. the import whore of the world, and to keep it that way until there's no more value to be sucked out of the gutted carcass - by which time other consumer markets will have opened (and are opening), and they can move on. I just find it implausible that at this stage of the game they honestly believe the "benefits of 'free' trade'" propaganda they feed us proles, and are not perfectly well aware that they're destroying this country. They've had a lucrative and mutually beneficial little partnership with China these last few years. They don't work for us.
The big however comes for people like pregnant women, sick kids, and swine flu preparedness. The UK has antivirals for 50% of the population and it will be covered under NHS. I have neighbors who require dialysis and some who have seizures who are taken care of, no questions asked. This is a good thing.
I do wish some of the more enthusiastic proponents of national healthcare could become familiar with the actual results. Those who think that their best friend would have survived their breast cancer if they had lived in the UK should think twice. An American would be appalled at the conditions I have encountered at various clinics and hospitals here.
There are trade offs when the taxpayer is supporting the medical system and the taxpayer goes broke. Even so, I think the NHS is a fairer system on the whole.
Isn't this the equivalent of me taking a life insurance policy out on each individual of an office building, and then locking the doors with everyone inside once there is a fire so that I can collect on those policies?
GM is planning on offshore outsourcing 98% of all production plus "move their headquarters out of Detroit" so my attitude is to save the UAW pensions, health care, get all of the U.S. taxpayer money back and plain let GM go to the dogs where it belongs.
Seriously, they have been labor arbitraging U.S. workers for years as their business model...repressed fuel economy savings, you name it and this last move to offshore outsource all of those jobs we're supposedly trying to save..
ya know, can't we just liquidate them and start a new with a real U.S. auto manufacturer instead of "this"?
required temporary government expenditures to only stimulate the domestic economy from where those public funds (taxpayer dollars) originated. i.e. the income must be tied to U.S. citizens, U.S. workers (legal, perm residents) and not be pouring out to stimulate other national domestic economies.
Congress not only did not get the most bang for their buck in terms of creating income, which is the key element of Keynesian stimulus but they also refused to tie those jobs to the above...
hence, we get "green jobs" being created in India...with U.S. taxpayer dollars....we get illegals obtaining construction jobs....and remittances are huge, that's U.S. taxpayer money pouring out and on top of it continues wage repression due to oversupply of labor....
We have Indian Steel, Chinese Steel, now GM going to offshore outsource production, Caterpillar massively offshoring....
probably the worse, IBM, GE offshoring while getting billions in contracts....
and....Obama...putting key members of USINPAC in place in technology positions...they are not interested in U.S. labor, jobs....they promote India's agenda continually and have many vested interests promoting more offshore outsourcing as a business model.
Have we heard about the second half turn around. Eventually we will hit bottom, but this is only just getting underway.
So much damage done by the previous administration and the creation of a never heard before .. jobless recovery .
I think this is where Keynesian theory breaks down. Fiscal policy allowed the corruption, and extreme leverage that no "smoothing" is going to stop this correction.
The time to stop it was before it happened all they are going to do now is prolong the bottom from happening.
one of us needs to research this out and when I say research, I mean to the level of a NDD post (he really researches out his stats). For this use of 1099-misc. as a way to underpay workers is rampant.
I see U3 hitting at least 20% in Oregon in the next 3 months- you can't expect a teacher to retrain for construction to build bridges.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
Every once in a while the WSJ has an op-ed that actually tells you something you needed to know.
It's almost as if someone engineered a stock-market rally to entice private investors to fund the banks rather than taxpayers.
Can you see why I believe this is a sucker's rally?
The stock market still has big hurdles to clear. You can have a jobless recovery, but you can't have a profitless recovery. Consider: Earnings are subpar, Treasury's last auction was a bust because of weak demand, the dollar is suspect, the stimulus is pork, the latest budget projects a $1.84 trillion deficit, the administration is berating investment firms and hedge funds saying "I don't stand with them," California is dead broke, health care may be nationalized, cap and trade will bump electric bills by 30% . . . Shall I go on?
Until these issues are resolved, I don't see the stock market going much higher. I'm not disagreeing with the Fed's policies -- but I won't buy into a rising stock market based on them. I'm bullish when I see productivity driving wealth.
For now, the market appears dependent on a hand cranking out dollars to help fund banks. I'd rather see rising expectations for corporate profits.
and if I fail I am not even a blip on the radar. My two sisters are 1099 people. One sisters husband is a Realtor and he is sitting with no sales basically unemployed but won't show up on any reports. I know many, many small subcontractors that haven't had work in almost a half year.
Robert, you are correct in wondering because we live/work in a different manner than we did at the time of the Great Depression.
While this situation is bad, bad data is bad data. Nice exposure to Andrews work. I had wondered about the unemployment stat. methods have been changed repeatedly and how to adjust in order to obtain historic scale.
Although today, where are the "self employed" in these numbers? There are hundreds of thousands of contractors out there who are really temps., but they are counted as small businesses and thus do not go into the unemployment statistics.
to the Great Depression. Most of what I've read people are watching them getting closer but not there yet. I for one do rant a bit about how the general public doesn't even know U6 exists and the media doesn't help give out such information.
The great depression didn't have the long term effect of outsourcing jobs. It is something that is still marching forward and taking "green" jobs with it.
Imho of course. Why do they think recovery this time around will be unlike the last two and more like prior recoveries?
And that's if the optimistic scenario of +GDP in the 3rd or 4th quarters really unfolds (I think it will but by no means is it a sure bet). And no unforeseen blowback from commodities/dollar/deficit/other that brings on the second half of a "W" downturn by the end of 2010.
And that's from the resident optimist at this site....
Medicare is indeed f*cked. Between the fact that fewer taxes are collected for it, and costs are out of control due to the broken health care system, Medicare isn't going to make it. It would require a restructuring of the entire health care system.
SS is lumped in with Medicare in order to muddy it and make it sound like the same.
There is a commenter at other blogs who is always anonymous but signs his comments "snuffy". He didn't see this post; his comments pertain to another dialog thread. His pain comes through clearly and his wisdom is to be taken seriously.
I will invite him to comment here and I hope he does. This is typical snuffy (reminds me of JV!).
The US (and I blame Clinton and the democrats for this as well) played a very poor and amateurish game with China over the last 15 years.
Actually, "we" aren't even in the game. The allegedly amateurish "U.S." trade representatives put in place by the multinationals that run "our" trade policy are doing their job - which was to facilitate offshoring and make the U.S. the import whore of the world, and to keep it that way until there's no more value to be sucked out of the gutted carcass - by which time other consumer markets will have opened (and are opening), and they can move on. I just find it implausible that at this stage of the game they honestly believe the "benefits of 'free' trade'" propaganda they feed us proles, and are not perfectly well aware that they're destroying this country. They've had a lucrative and mutually beneficial little partnership with China these last few years. They don't work for us.
The big however comes for people like pregnant women, sick kids, and swine flu preparedness. The UK has antivirals for 50% of the population and it will be covered under NHS. I have neighbors who require dialysis and some who have seizures who are taken care of, no questions asked. This is a good thing.
I do wish some of the more enthusiastic proponents of national healthcare could become familiar with the actual results. Those who think that their best friend would have survived their breast cancer if they had lived in the UK should think twice. An American would be appalled at the conditions I have encountered at various clinics and hospitals here.
There are trade offs when the taxpayer is supporting the medical system and the taxpayer goes broke. Even so, I think the NHS is a fairer system on the whole.
I didn't see a reference and just did a hunt and couldn't find them.
Along with this news we now have SS going bust and Medicare bust in 8 years.
So, ya know we always have to dig due to those continual attacks on any social safety nets in the U.S.
Isn't this the equivalent of me taking a life insurance policy out on each individual of an office building, and then locking the doors with everyone inside once there is a fire so that I can collect on those policies?
GM is planning on offshore outsourcing 98% of all production plus "move their headquarters out of Detroit" so my attitude is to save the UAW pensions, health care, get all of the U.S. taxpayer money back and plain let GM go to the dogs where it belongs.
Seriously, they have been labor arbitraging U.S. workers for years as their business model...repressed fuel economy savings, you name it and this last move to offshore outsource all of those jobs we're supposedly trying to save..
ya know, can't we just liquidate them and start a new with a real U.S. auto manufacturer instead of "this"?
required temporary government expenditures to only stimulate the domestic economy from where those public funds (taxpayer dollars) originated. i.e. the income must be tied to U.S. citizens, U.S. workers (legal, perm residents) and not be pouring out to stimulate other national domestic economies.
Congress not only did not get the most bang for their buck in terms of creating income, which is the key element of Keynesian stimulus but they also refused to tie those jobs to the above...
hence, we get "green jobs" being created in India...with U.S. taxpayer dollars....we get illegals obtaining construction jobs....and remittances are huge, that's U.S. taxpayer money pouring out and on top of it continues wage repression due to oversupply of labor....
We have Indian Steel, Chinese Steel, now GM going to offshore outsource production, Caterpillar massively offshoring....
probably the worse, IBM, GE offshoring while getting billions in contracts....
and....Obama...putting key members of USINPAC in place in technology positions...they are not interested in U.S. labor, jobs....they promote India's agenda continually and have many vested interests promoting more offshore outsourcing as a business model.
This is beyond pathetic, to me it's criminal.
Ever look at John Williams calculations?
It has always been about class warfare.
- anyone over the age of 35 is now labeled a dead wood idiot
- people are fired ad hoc, for nothing, there is no correlation to work performance vs. keeping one's job
- discriminatory interviews that are based on race and age, i.e. Indians only hiring other Indians for U.S. jobs.
- scapegoating, bullying in the work place, makes going to work seem like one just returned to junior high school
- demanding people work 60-80 hour weeks on "salary"
- being fired for simply getting sick
- discrimination against single mothers because they believe she will have to take off work more and have higher insurance costs
- general treatment of people as disposable commodities
I'm going to go off on a tangent like R.O. does frequently. (j/k Robert)
But when are we going to regain some freakin rights in the work place again.
Let me explain elaborate a few points;
- The audacity of running a credit check to get a job.
- Drug Testing where public safety is not an issue.
- Overtime rights. Here is an issue where a company having to work overtime was a punishment to poor management instead of "extra pay" for employees.
- Employee input to crappy run industry.
Feel free to add to this list of atrocities.
It has always been about class warfare.
Have we heard about the second half turn around. Eventually we will hit bottom, but this is only just getting underway.
So much damage done by the previous administration and the creation of a never heard before .. jobless recovery .
I think this is where Keynesian theory breaks down. Fiscal policy allowed the corruption, and extreme leverage that no "smoothing" is going to stop this correction.
The time to stop it was before it happened all they are going to do now is prolong the bottom from happening.
It has always been about class warfare.
one of us needs to research this out and when I say research, I mean to the level of a NDD post (he really researches out his stats). For this use of 1099-misc. as a way to underpay workers is rampant.
I see U3 hitting at least 20% in Oregon in the next 3 months- you can't expect a teacher to retrain for construction to build bridges.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
Every once in a while the WSJ has an op-ed that actually tells you something you needed to know.
and if I fail I am not even a blip on the radar. My two sisters are 1099 people. One sisters husband is a Realtor and he is sitting with no sales basically unemployed but won't show up on any reports. I know many, many small subcontractors that haven't had work in almost a half year.
Robert, you are correct in wondering because we live/work in a different manner than we did at the time of the Great Depression.
While this situation is bad, bad data is bad data. Nice exposure to Andrews work. I had wondered about the unemployment stat. methods have been changed repeatedly and how to adjust in order to obtain historic scale.
Although today, where are the "self employed" in these numbers? There are hundreds of thousands of contractors out there who are really temps., but they are counted as small businesses and thus do not go into the unemployment statistics.
to the Great Depression. Most of what I've read people are watching them getting closer but not there yet. I for one do rant a bit about how the general public doesn't even know U6 exists and the media doesn't help give out such information.
The great depression didn't have the long term effect of outsourcing jobs. It is something that is still marching forward and taking "green" jobs with it.
Imho of course. Why do they think recovery this time around will be unlike the last two and more like prior recoveries?
And that's if the optimistic scenario of +GDP in the 3rd or 4th quarters really unfolds (I think it will but by no means is it a sure bet). And no unforeseen blowback from commodities/dollar/deficit/other that brings on the second half of a "W" downturn by the end of 2010.
And that's from the resident optimist at this site....
most economists do not account global labor arbitrage, offshore outsourcing either in their calculations.
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