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alstry (36.35)

The Nonsense About Healthcare Reform

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August 11, 2009 – Comments (27)

Regardless which side of the debate you stand, discussing healthcare reform at this juncture of our nation's financial condition is nonsense.

You can't reform something that has no money.  Right now, our nation is running a deficit EXCEEDING $2 Trillion dollars.  Never before has our deficit been anything close to this amount and its growing.

At this deficit level, we as a nation doesn't have ANY money for health care, welfare, social security, or unemployment.  Unless we address the treshold quesion of not having any money, discussing "reform" is simply a distraction.

What we should be discussing is how do we raise revenues to government to afford health care, or how do we cut expenses in other areas to support health care. 

One way to raise revenues is raise taxes, the Institute of Alstrynomics has a better plan:

Right now, servicing debt is consuming over $2 Trillion dollars per year which could go to health care reform, social security, general purchase of goods and services, and jobs creation instead of feeding our Zombie banks to give the zombie exectutives massive bonuses.

Right now the Zombulator is destroying our nation...it infected our nation and its cities, schools, counties, hospitals, states, businesses and families with a debt load that simply cannot be repaid without infinite expansion of credit.  Now that banks have cut off America from credit, we are beginning to see everything around us shutting down.

With debt consuming most of the earnings on our S&P 500 companies, the PE is now well over 100.  Pretty soon, debt will consume practically every dime of corporate revenues and earnings will simply be a memory of the past.

Until we restructure a nation overdosed with debt by the Zombulator, servicing debt will suffocate our economy until practically everything shuts down.

9.09 is coming to your town.

 

27 Comments – Post Your Own

#1) On August 11, 2009 at 1:49 PM, alstry (36.35) wrote:

Soon Government will have no money for Government....and with over 20,000,000  employees, that is a lot of tax revenues being paid to medicaid and social security that will evaporate...

We must restructure soon or we will self destruct:

MADISON Unemployed people looking for assistance won't be able to get any help Friday when Wisconsin's unemployment call centers are closed as part of mandated furloughs.

The Department of Workforce Development says the closure Friday is one of eight required furlough days all state workers must take this year.

New claims can be filed and existing claims can be updated over the Internet. Claims can also be filed using the automated phone line, but operators will not be available to assist on Friday.

Four of the eight furlough days this year are the same for most state workers and the other four vary based on state agency.

Last Friday the Department of Motor Vehicles closed its offices due to furloughs.

http://finance.yahoo.com/news/Wisconsins-unemployment-apf-264062913.html?x=0&sec=topStories&pos=6&asset=34bae51fbe7b25905aaa1079f9f15763&ccode=2

If you don't wake up soon,  there won't be much left to wake up to.........9.09 is for you.

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#2) On August 11, 2009 at 1:56 PM, dickseacup (66.72) wrote:

The politicians in this country will never, ever do what is "right" for the nation, unless that happens to coincide with giving themselves more power and control.

Thus, you shouldn't hold your breath while waiting for Washington, D. C. or any other governmental unit to restructure debt. It just won't happen. Unless there is a way to do so that shores up their power, position and authority. The people who created the problem do not want to let go. Ever.

 

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#3) On August 11, 2009 at 1:58 PM, alstry (36.35) wrote:

THE PRESIDENT'S ADVISORS SUCK!!!!!!

I am listening to President's Obama speech on heathcare reform as this blog is written....it is clear that his advisors don't have a clue or are lying to him.

In his speech he stated that the post office is in trouble but UPS and FedEX are doing fine.....obviously the President hasn't spoken to the CEO's or employees of either of those companies before making such a characterization.

If this is the perspective our leadership has about the state of business in America, this ship is not just going to hit the iceberg, it will slam into it at such a velocity that will be few left to be rescued.

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#4) On August 11, 2009 at 2:03 PM, dickseacup (66.72) wrote:

The quasi-governmental Post Office is in trouble, but private companies UPS and FedEx are doing fine. Hrmm. So, lets put the government in charge of health care? Not following the logic.

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#5) On August 11, 2009 at 2:10 PM, blake303 (29.30) wrote:

This post is nonsense. Eagerly awaiting an ignore button.

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#6) On August 11, 2009 at 2:54 PM, alstry (36.35) wrote:

blake,

each time a worker gets furloughed, pay reduced or fired...that is less income tax dollars, social security dollars, and medicare dollars going to Washington.

Millions are suffering these kinds of reductions right now and revenues are evaporating at the local, county, state and federal levels.  THIS HAS NEVER HAPPENED BEFORE.

The interesting part is that we aleady have a $2 Trillion dollar deficit...more than the TOTAL spend on health care, welfare, social security, and unemployment.

As more and more lose their jobs, pay reduced, or furloughed....the receipts will continue to decline as the demands on Washington explode.

If you are a citizen of the United States, you too are effectively jointly liable for the obligations of our government because in the end our currency is simply a government debt instrument.

If the government can't pay, you will one way or the other either through 100% taxes or valuless currency....no matter how hard you want to ignore the issue.

Now you know Obama's advisors are idiots for thinking FedEx and UPS are in good shape.....

AND ALSTRY IS ABOUT THE ONLY ONE TALKING ABOUT THE GOVERNMENT BUBBLE RIGHT NOW!!!!

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#7) On August 11, 2009 at 2:55 PM, Gingerbreadman55 (25.86) wrote:

blake303

I was actually about to compliment Alstry on writing a string of blogs where he isn't just screaming at us.

Look, he used only ONE word in all caps.

 

Props to you, Alstry

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#8) On August 11, 2009 at 3:02 PM, Gingerbreadman55 (25.86) wrote:

well... I guess he typed up a screaming reply right as I was typing mine.

 

Nevermind.

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#9) On August 11, 2009 at 3:13 PM, alstry (36.35) wrote:

Ginger,

You must admit I am making progress on this computer manner stuff....it is hard sometimes to adjust fully.

I have to politely figure out a way to say TIMBRRRRRRRRRRR as we approach 9.09.

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#10) On August 11, 2009 at 3:51 PM, ocsurf (< 20) wrote:

Alstry is making progress in his computer manners, thus my first REC +1 for a post of his. Good info.

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#11) On August 11, 2009 at 4:05 PM, jddubya (< 20) wrote:

If you don't wake up soon,  there won't be much left to wake up to.........9.09 is for you.

So... suppose the entire caps community of 70k+ members wakes up.

Then what?!?!?!?

Answer: The same thing will happen whether they wake up or not.

Oh, almost forgot - this is my first comment on this one blog.

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#12) On August 11, 2009 at 5:01 PM, alstry (36.35) wrote:

WHEN GOVERNMENT WANTS...YOU BETTER GIVE...OR YOU MAY STARVE TO DEATH.....

Tensions rising as reported in the WSJ:

MOSCOW -- Russian President Dmitry Medvedev lashed out at Ukraine's leadership on an array of grievances, accusing the country of endangering European gas supplies and saying Russia won't send a new ambassador until relations improve.

Mr. Medvedev, in the letter, decried "the gathering impression that Kiev is consistently seeking a rupture in forming economic ties with Russia, especially in the energy sector. As a result, the stable use by our countries of the ... unified gas transportation system that guarantees the energy security of Russia, Ukraine and many European states is placed under threat."

The Russian president also accused Mr. Yushchenko of stirring up anti-Russian sentiment to justify his efforts to gain NATO membership and of interfering with the operations of the Russian Black Sea Fleet, which is based in the Ukrainian port of Sevastopol.

Ukraine ordered two Russian diplomats to leave last month after weapons movements by the Black Sea Fleet that Ukraine said weren't permitted.

The letter also criticized Ukraine for its efforts to have the famine of 1932-33 recognized as genocide.

The famine was engineered by Soviet dictator Josef Stalin to force peasants to give up their private plots of land; Ukraine suffered the most of all Soviet regions. Russia opposes the term genocide, saying other ethnic groups also suffered.

What if Obama needs you to give up your bank accounts to save our government?

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#13) On August 11, 2009 at 5:40 PM, JerseyShoreGirl (< 20) wrote:

This story is about a year old, but the Dems were sniffing around at the idea of seizing 401k assets ... I heard this on talk radio, but of course, it never made it to the main stream ..

http://www.americansagainstobama.com/2008/10/26/democrats-want-to-seize-401ks-put-government-in-charge/

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#14) On August 11, 2009 at 5:43 PM, selfdestruct2 (26.07) wrote:

Alstry, I will be forwarding your Blog to Obama's thugs. Just kidding ;b

The majority of Americans are AGAINST Obama's health care plans. Of course, he obviously cares very little about what we think. One can only conclude that if his Master Plan succeeds,

We are no longer a nation that is FOR THE PEOPLE, BY THE PEOPLE. 

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#15) On August 11, 2009 at 6:09 PM, wolfman225 (64.37) wrote:

JerseyShoreGirl,

I don't know about seizing our 401K accounts, but there actually is a provision in the House version of the healthcare bill (I believe it's on page 59) that states that the government will have "direct access" to all direct deposit accounts, enabling them to withdraw funds directly from our accounts!

Why would they need to engineer a "need" for a tax increase when they can grant themselves direct access to our finances?  If this insanity ever passes (thankfully, the issue seems to be in doubt), I look for a MAJOR run on the banks.  The only way to protect your assets from big government will be to make it harder, short of confiscation by force, for them to take them.  It'll be "money under the mattress" on a scale never seen before.

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#16) On August 11, 2009 at 6:41 PM, Varchild2008 (84.49) wrote:

First of all I completely agree with you Alstry on the entire premise of your article here and I pretty much said the same thing last night on my blog (28 Recs and counting).

However, I will address something I disagree with:

"With debt consuming most of the earnings on our S&P 500 companies, the PE is now well over 100.  Pretty soon, debt will consume practically every dime of corporate revenues and earnings will simply be a memory of the past."

Our American businesses do not stink that badly.

Even some of the biggest debt laden companys are starting to pay down their debt.  We have (F)FORD that recently paid off a huge chunk of debt.

(DPS)  *is* an S&P 500 company recently added last year to replace another company.  They have had and still have a HUGE DEBT burdon.   However, they are a full 1.5 years ahead of schedule in paying off their debt.  Their business is growing, not shrinking.

In short... It ain't all entirely that bad out their Alstry.  Your concerns are a bit out of date here.  The crisis certainly isn't over but as long as the American People can stand up and put a stop to President Obama trying to SPEND more of our money, the economy will heal itself.

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#17) On August 11, 2009 at 6:48 PM, alstry (36.35) wrote:

Var,

The revenues are contracting at over 20X the rate as debt....carry that out a bit and you will see that it is mathematically impossible to pay off the debt.

Consumer income is evaporating but debt has only been reduced less than 1%.....it is a losing game.

Yes, some are paying down debt, but too little too late my friend.

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#18) On August 11, 2009 at 7:57 PM, Varchild2008 (84.49) wrote:

Hey.. You got my perspective here wrong...

My perspective in looking at companys is from the perspective that SPECIFIC company's business.  I want to know that if you set aside the FED.... How is this business doing?  And what is it's future?

(F)

(DPS)

Are going to be 2 big examples of a DEBT  DECLINE business and two businesses that have hit bottom and are now seeing growth.

For (DPS) they were struggling horribly as CCDs in late 2007 / early 2008 were on the decline as a first in U.S. History for at least decades if not all time.

We are now actually seeing a reversal from Premiums to CCDs that has shown up in so many beverage company's and bottlers:

(KO)
(PEP)
(COT)
(PAS)
(PBG)

And so on.. CCDs have hit bottom and are now on a growth path.  Premiums PEAKED and have now been on a decline.

Ultimately... Things have bottoms and tops and reversals.  Things are running that way in the Auto Sector as well...

The Federal Government aside... Business is running as USUAL for a lot of companys out there Alstry.

(F) would not be hovering aroun $8.00 a share if Ford's business had nothing going for it still.

You have the ask yourself.. If the Federal Government went BUST and ceased to exist..... Which companys would still be chugging along just fine selling their products and services?

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#19) On August 11, 2009 at 7:58 PM, Varchild2008 (84.49) wrote:

P.S.  (F) and (DPS) are big time investments in my portfolio right now.  Increased my stake in (F) today.  Cause I know that (F) can survive even if (FED) can not.

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#20) On August 11, 2009 at 9:34 PM, JerseyShoreGirl (< 20) wrote:

The nonsense about HC is:

1) Our govt cannot afford it (hat tip Alstry)

2) Why do leaders from OTHER nations come here for surgery, etc., if their care is 'better'

3) Health care is not a right!

4) And can we please CLOSE OUR BORDERS and stop giving illegals FREE CARE?

SOLUTION:  TERM LIMITS!

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#21) On August 11, 2009 at 10:10 PM, dbjella (< 20) wrote:

I agree with early posts, your writing style is improving.  I can read Alstry and it is making a little more sense.  Keep up the fight.  This country is out of money :(

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#22) On August 12, 2009 at 8:15 AM, Gingerbreadman55 (25.86) wrote:

"You must admit I am making progress on this computer manner stuff....it is hard sometimes to adjust fully."

Yes. The tone of your posts has changed dramatically in the past month. Of course some are still out there, but many of your posts are actually readable now.

On topic, I agree 100% that the biggest problem here is TIMING. We should NOT be rushing something like this through right now. Wait until the government isn't running these ridiculous deficits, and then let the discussions and debates begin anew.

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#23) On August 12, 2009 at 1:13 PM, 292972826 wrote:

I don't understand your opinion.

One of the biggest challenge of the US is health care reform as well as retirement. The cost of it, is so important, it is bringing the economy down.

16% of the GDP in a shitty health care system, it is nearly 1/6 of the money produce in america. If you think it is nonsense to do not tackle this problem, i wonder what make sense.

Coming from France, i can tell you, i miss the french system and it only cost 1/11 of the money produce in France.

How can  the debt problem be solve when you flush 1 dollar to the toilet for every 6 dollars that you produce?

 

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#24) On August 12, 2009 at 1:19 PM, 292972826 wrote:

And in response to JerseyShoreGirl  

2) Why do leaders from OTHER nations come here for surgery, etc., if their care is 'better' 

 

I have never heard of an European leader coming for care in the US. We all agree, there is a lot of very good doctor in the US, they are at the top of their field but i don't think that you even have the money to afford to go to those specialists, otherwise you will not be on the fool.com to learn about investing, you will already have a full time broker....

 

 

 

 

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#25) On August 12, 2009 at 1:25 PM, vrpirata (< 20) wrote:

Reforming the current system is probably the best thing to do when you are running out of money. We are today the country that spend the most in healthcare in the whole word. Reforming in the long run should save us money. You don't believe it?, then don't be narrow-minded and research the subject by comparing our current system versus systems in other countries. You will relize that we not only spend the most in the whole word (as a % of GDP), but we have one of the worst systems.

Other countries not only spend less, but also have better healthcare that cover everybody. Don't fear the change, we need to fix this spensive broken and inefficient healthcare system.

Open your mind and see beyond our borders. We are not leading the way on healthcare, nobody is following our example. We should see what is already working for others.

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#26) On August 12, 2009 at 4:53 PM, blake303 (29.30) wrote:

JerseyShoreGirl (< 20) wrote:

The nonsense about HC is:

1) Our govt cannot afford it (hat tip Alstry)

We could if we prioritized health care over defense. Maybe we could utilize some of the brain power in the pentagon to figure out why we are spending twice as much other industrial nations per capita. Here's a hint: it's largely not our immigration policy. 

2) Why do leaders from OTHER nations come here for surgery, etc., if their care is 'better'

Slycap said it well. Why don't you compile a list of these leaders for us.

3) Health care is not a right!

It should be.

4) And can we please CLOSE OUR BORDERS and stop giving illegals FREE CARE?

Illegal immigrants are a drain on the health care system, but if the companies they were working for did not hire illegal labor to cut costs (like healthcare benefits) it would not be an issue. Who is more to blame? Illegal immigrants seeking a better life (who in fact pay taxes) or the American firms that hire them to enhance the bottom line?

http://redblueamerica.com/truthornot/2008-04-03/do-illegal-immigrants-receive-more-government-benefits-they-pay-taxes-2300 

SOLUTION:  TERM LIMITS!

Nonsense.

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#27) On August 14, 2009 at 10:47 AM, jddubya (< 20) wrote:

This should clear up the author of this blogs delusions about Health Care reform:

http://aarp.convio.net/site/PageNavigator/Myths_vs_Facts

(my 2nd comment just on this one blog)

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