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User Info 2018 Forecast: Winter; entered at 2017-12-31 14:45:47
Posts: 4258
Registered: 2009-01-14 slightly red state
Vernonb wrote..
would it really cause much of a recession?
A textbook definition of an economic depression is a decline in real GDP exceeding 10%. The medical parasites consume 20% of GDP currently, when historically the medical industry was only 3-4%. Given the state of modern American politics, if the medical industry were gored, do you really believe the opposition wouldn't use that as a talking point, especially given the short-term effects felt by everyone who's reliant on the medical scams for their paychecks? It isn't just those who explicitly work for a medical firm, but also those who do higher-order work for those firms (e.g., construction firms that build medical facilities; electricians, plumbers, etc. whom they hire; the firms that provide supplies to those contractors; ...).

Last modified: 2017-12-31 15:08:06 by wearedoomed

2017-12-31 14:45:47