| User Info
| WHAT? Medicare Out Of Money in 38 Months?! in forum [Market-Ticker]
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Nuke_engineer
Posts: 2700
Incept: 2007-08-19
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But...but....The great Community Organizer said there was no spending problem! How can that be?
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Trading and investing is understanding about people, emotions and corruption of government, corporations, banks and people using propaganda, lies, mathematics and bankster logic working against you.
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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Well, this late winter / early spring time sure is developing into "the perfect (****) storm. What's next?
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...burp
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Arw
Posts: 218
Incept: 2009-03-02
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I'm still trying to figure out why it is I'm financially responsible for someone else's parents in their old age.
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Snowmizuh
Posts: 1356
Incept: 2009-03-18
Alabama
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I don't think this is mere incompetence or a matter of ignorance. It can't be.
My conclusion: they are deliberately attempting to crash the system by overwhelming it. This is what a Marxist putsch looks like.
Prepare to defend yourselves gentlemen.
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Mrbill
Posts: 7857
Incept: 2008-10-19
North Carolina
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http://www.cnn.com/2012/09/07/politics/p....Quote:Former President Bill Clinton led the way [in Sept 2012], saying that the Democrat-backed Affordable Care Act bought time for Medicare and made it financially solid until 2024. He said Romney, who wants to repeal the act, would reverse this gain and make Medicare "go broke in 2016." Oops!
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Mortgageguymn
Posts: 1566
Incept: 2009-03-09
North Coast
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Arw, If you have money, they want it. Eventually they won't just want your income. They want your assets.
Gen, There is zero chance of the Republicans doing anything meaningful. Voters don't want it, so they won't do it. We're going to do this the hard way. Hence the gun bans. This is like watching a train wreck that's taking years and years to happen. Totally avoidable and totally inevitable.
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Mikek31
Posts: 4359
Incept: 2009-05-04
Chicago
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Interesting... wonder what math this guest on Kudlow is using... I wouldn't be surprised if it was worse than Karl thought given the MASSIVE amount of fraud, abuse, and just sheer waste this policy is...
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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
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Abn0rmal
Posts: 9261
Incept: 2009-01-10
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Genesis wrote..which means the only two outcomes are that we take care of this now or our Seniors and Medicaid recipients will get screwed within the next three years I've been practising the following words of comfort for Seniors and Medicaid recipients just in case we don't take the former option: "Sorry about your bad luck." |
Genesis
Posts: 130780
Incept: 2007-06-26
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I like this one better: 
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Trades50
Posts: 4217
Incept: 2007-10-30
Land of Tax and Spend
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Quote: My conclusion: they are deliberately attempting to crash the system by overwhelming it. This is what a Marxist putsch looks like.
That's what I'm hearing.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Jake3463
Posts: 770
Incept: 2010-03-06
Allentown
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No one in Washington D.C. has any interest in doing anything to interfere with any of the regulated monopolies currently in power. Medical or otherwise.
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Fraudster
Posts: 4175
Incept: 2011-05-10
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"Let China sleep, for when she wakes, she will shake the world." - Napoleon Bonaparte
"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]." - Foundation & Empire by Isaac Asimov
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Mikek31
Posts: 4359
Incept: 2009-05-04
Chicago
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Nice posts, Fraudster. I'll hit the ole agree button for ya. Not sure if we make it to 2016, though. Can't imagine a debt crisis dragging on so much longer; besides, when Europe or Japan goes bust, that will pretty much be the end of it right then and there.
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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
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Jstanley01
Posts: 8182
Incept: 2008-07-30
San Antonio, Texas
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It's all about keeping up appearances. The day the general public perceives that events have spun out of Babylon on the Potomac's control, that will be the day that its continued existence as the seat of government is going to be in serious jeopardy.
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You can't cheat an honest man. ~P.T. Barnum
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Ben
Posts: 6212
Incept: 2009-10-09
The Distant, Glorious, Past
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Any Maths or figures or stats to back this up?
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"Why are you going to learn French?"
"Because I'm going to France," says Joe.
"I'm from the future. You should go to China."
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Ktrosper
Posts: 1500
Incept: 2010-04-06
ft collins co
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Snow wrote..My conclusion: they are deliberately attempting to crash the system by overwhelming it. This is what a Marxist putsch looks like. Clowared-Piven Strategy.
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Noodleman
Posts: 2393
Incept: 2008-11-01
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They know that Humpty has already fallen off the wall. Now they're just trying to cover it up until they can't anymore.
You know what people do when they get scared, don't ya? They freeze. That is what you are seeing in Congress. Worthless frozen zombie automotons who are waiting for the right moment to abandon ship and take their chances in a life boat. Their objective now it to secure a life boat for themselves and their crony friends. It is one of the last phases in the life of a sinking ship on the high seas. Follow the phases in the Soviet meltdown prior to Peristroika.
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"Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935
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Fraudster
Posts: 4175
Incept: 2011-05-10
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Part projection of Debt to GDP ratio. Part rough guess, based on anecdotal observation of what is going on. Part expectation based on election years being tough years. Part observation that Japan and the EU look ready to implode, which will give the US a few more years. Partially based on the fact that they are targeting, but have not yet gone after, IRAs. Part based on the militarization steps that have been taken, and the pace at which they are being implemented. Part based on observations of student loan debt and the increasing rate of delinquency. Basically I think we are almost there, but not quite yet. My guess is it will be less than 5 years from now.
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"Let China sleep, for when she wakes, she will shake the world." - Napoleon Bonaparte
"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]." - Foundation & Empire by Isaac Asimov
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Steelpiston71
Posts: 4868
Incept: 2007-09-05
Michigan
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How in the world did a guest that would say that get on Kudlow?!
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"We have resolution authority under Frank/Dodd... How about we USE IT?" Karl Denninger, 10/07/10 on the Dylan Ratigan Show, MSNBC.
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Bertdilbert
Posts: 2662
Incept: 2008-12-22
CA
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But but but cant we eek out an additional year or two by cost shifting the SS trust fund into the Medicare trust fund... That way everything runs out of money at the same time.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Blackswan
Posts: 5564
Incept: 2007-11-06
Just outside of Philly
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The turd accelerates as it swirls the bowl. 2019 ... now 2016... next?
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“It’s checkmate. Everywhere it’s checkmate.”
Hugh Hendry
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Donethat
Posts: 771
Incept: 2009-04-22
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Arw, If you have money, they want it. Eventually they won't just want your income. They want your assets. ...
The Medical industrial complex is already after your assets, they cause half the bankruptcies in the US already today. A corpse in a hospital is an ATM machine for those .......********************
First and foremost the monopoly and anti trust must be broken, and then we need some death panels, and restrictions on benefits. Punting the age is BS... we just need to stop spending so much government/people/tax money in the last year of life. Just killing the monopoly will not be enough.
Do not forget the old age care facilities... Enough of the private rooms already at 3 or 4k a month, or higher if you are bedridden or demented, although in those cases there may not be much savings to be had. I suspect the staff there are already worked to death...
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Floridasandy
Posts: 634
Incept: 2009-08-20
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i agree with mortgageguy.
it was avoidable, but now it is inevitable.
the republicans don't have any courage, and the democrats don't have any brains.
and bernanke sure isn't the wizard of oz.
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Musicandnature
Posts: 1955
Incept: 2007-12-05
NJ
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some drugs prices have just increased again at my pharmacy; many are up 40% in 2.5 years.
In some cases an ins co, even in gov plans, will not pay for a cheaper drug but the more expensive "better" version.
but banning guns is much more important than this topic don't 'cha know.
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Since it costs a lot to win, and even more to lose, You and me bound to spend some time wonder'n what to choose. Goes to show, you don't ever know, watch each card you play and play it slow...Wait until that deal come round, don't you let that deal go down, no no. Garcia/Hunter.
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