Sanford Doesn't Want To Win
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2019-10-11 07:00 by Karl Denninger
in Politics , 100 references Ignore this thread
Sanford Doesn't Want To Win
[Comments enabled]

Nice try, but no donut dude....

Mark Sanford, who is running for the Republican presidential nomination, issued dire warnings about the financial future of the U.S.

A former two-term governor of South Carolina who also spent a combined 12 years in Congress, Sanford is making fiscal responsibility in government a central part of his campaign. The deficit is expected to top $24 trillion next year, a rise of $5.9 trillion since 2015, and the growth of spending shows no signs of slowing down.

“I don’t think we have eight to 10 years, that’s why I’m running,” Sanford told FOX Business.

The DEBT is projected to top $24 trillion next year, not the deficit.

But Faux waves hands instead of being precise.  It's all part of the lie.

The other big part of the lie is conflating entitlements.  Social Security is indeed running (and will run, for about 10-15 more years) a cash deficit.  But that cash deficit is manageable with a reasonable set of policy adjustments that do not screw anyone.

Medicare and Medicaid, on the other hand, are running an outrageous cash deficit and there is no way to attack that on the revenue side.  The only way to stop it is to kill -- literally, kill -- the medical monopolists.

We can legally kill them with imprisonment if they won't cut it out (note: what they're doing has been illegal for more than 100 years) or we can kill them the very-illegal way with fire, bullets and similar, but if we don't kill them they will kill us all via the collapse of our economy, our markets, our government and even civil order.

That's not hyperbole or a joke folks -- it's real.

The pattern has been clear since the 1990s.  I found it then and have been alarmed by it since.  I've spent a lot of digital ink and virtually every public presentation and talk I've done since focused on this -- and only this -- issue.  It will destroy this nation and its fiscal capacity if it is not stopped.

Further, if you're in any way dependent on said medical complex it will also kill you if it is not stopped.  Not financially, literally.

Obamacare was sold to the public as a "solution" to this problem.  It was no such thing.  As I pointed out at the time and which has been vindicated in the years since it was the exact opposite -- an attempt to compel you to participate in the looting which advanced and continued apace under that "new" regime.

There is no "tinkering" around the edges that can resolve this because the Federal Government is, at present, running an approximately 25% cash deficit every single year.  Not only must that be eliminated we must run a cash surplus to correct those imbalances and there is exactly one place in the budget where we can do it -- medical care.

There is also exactly one place we can do it -- in cost.  Not in "reimbursement", not in "taxes", not in "reorganizing" how we do things such as with electronic records, cross-state insurance or any such thing.  Health insurance is expensive because health care is expensive.  The only way to make the insurance more-reasonable is to cut the cost -- dramatically -- of underlying goods and services.

Socialist systems always cost more than capitalist ones.  But monopolist systems are the most expensive of all.

This must be stopped -- now -- or this nation fiscally, and likely civilly, dies.

Take this up, Mr. Sanford, and you've got a crack at it.  Yes, I'll meet with you.  It's not that far....

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User Info Sanford Doesn't Want To Win in forum [Market-Ticker]
Posts: 2015
Incept: 2007-08-08

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I retired back in 2002 at the age of 37. I had 3 bank accounts to FDIC limits and the rest in Treasury Direct. I paid income tax.

My health care was $100 a month with a big deductible. Worked for me.

I had to go back to work after the insurance landscape changed. I just hit the majik income level working part time and told the boss I am done for the rest of the year. He understands.

My premium is now $1680 a month and I pay none of it for a silver plan. I usually get the make work pay tax credit.

There is your deficit.
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Incept: 2017-06-26

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Many, many, many, oh, so, many bull**** angles to the Socialist Security flim flam that a book could be written on the subject. So much history, but so little time left on the debt clock. Remember Al Gore's locked box"?

After watching that funny video only a stupid **** would have any faith in SSI whatsoever. SSI is literally on "borrowed ****ing time" - borrowed time from the crazy, lazy ****ing likes of Gen Z and the Millennials. Do you really trust your future to those groups? They can't even ****ing pay off their student loans. Furthermore, just look at the pathic black race that just keeps going down hill by the day. How much support vs burden do you think the blacks will offer SSI? And what about the tens of millions of Latino Social Justice Birds flocking to America? Those birds fouled their own nest, and they are doing the very same here and now.

But the blacks are by far the worst group. Trust them to fund SSI? **** no! That group of people, even if given a free ride on sailing ships as completely free men (and not slaves), could NOT have made any better of a future for themselves as they did being in bondage to the White Man. I don't think the blacks would have even survived fifteenth century America on their own let alone colonized it and turned America into a superpower...

But I digress.

Wasn't the Socialist Security Scam supposed to be a locked box right from the start? Oh, that's right! I remember now! "We are only borrowing from ourselves"... Yeah, now I ****ing get it. The flim-flam wo(men) of Washington unlocked the box and now there's nothing left but a pile of worthless, ****-stained IOUs...

Anybody who is counting on Socialist Security better wake the **** up. Why? Because it's the people of a given country who make up the productive capacity of an economy - not all of the worthless IOUs in the unlocked box. I look around and all I see is unlocked boxes and empty young minds. What's happening before our very eyes is a Great Decline which will be followed by a Very Great Fall..

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My premium is now $1680 a month and I pay none of it for a silver plan. I usually get the make work pay tax credit.

respectfully submitted that you do not have to take anything even if you legally qualify for it or might need it. in an expansion state i qualify for full Medicaid and would not take it or a silver subsidized or some earned credit since i keep my income purposely low like some do. if my condition returns it will be a painful end preceded by loss of much dignity. before that comes, well that is private. every time one takes it is swiping our children's credit card at an astonishing interest rate. how can we look them in the eye and pretend that this is the right thing to do.

There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
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You know how you solve this don't you? Increase everyone's taxes 33% and balance the budget. There will be a loud **** YOU and cut the budget scream. 90% of American's don't have the $25,000 per job fair share they would have to pay and the other 10% have to get it out of them to transfer it. The idea they can send more free **** will vanish. We will have a recession from hell and the compound interest equation will collapse.

I doubt a President can do anything, without collapsing the bureaucrats. Congress can't pass a real budget and the government shut down is a PR nightmare for anyone who tries to back down the crap they do eventually put out. Keynesian economics, along with unlimited credit is bull**** pushed out of self interested and socialist schools. The business cycle= the credit cycle.

The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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@Click. The Social Security Trust Fund was supposed to be government bonds. How do you get government bonds? You spend the money. Otherwise you wouldn't have the bonds. The money is owed again. The scheme broke down 45 years ago. Simple things like basic antibiotics, mechanization, HVAC and sanitation created most of the life expectancy increase and they never adjusted. I recall meeting an engineer 30 years ago. He told me something I never considered. That refrigeration was the greatest health invention of all time. The mortality tables were wrong and they knew it for decades.

The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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So this Sanford clown was in congress for 12 years and did nothing about it?

Hello, Mark. Only congress can fix this. Not the president. You were one of the few able to do something and you ignored it. No vote for you.
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