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Entitlement Program Insolvency

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posted on Sep, 10 2009 @ 10:22 AM
Health Care, its what being talked about throughout the USA at the moment.

Partisan debate between Republicans and Democrats is increasing in both tone and regularity.

Ignoring the politics for a moment I'd like to ask an important question.

Can you Afford it?

Check this link out.

Debt Clock

Q: What is the difference between the Debt and the Deficit? A: The National Debt is the total amount of money owed by the government; the federal budget deficit is the yearly amount by which spending exceeds revenue. Add up all the deficits (and subtract those few budget surpluses we've had) for the past 200+ years and you'll get the current National Debt. Politicians love to crow "The deficit is down! The deficit is down!" like it's a great accomplishment. Don't be fooled. Reducing the deficit just means we're adding less to the Debt this year than we did last year. Big deal -- we're still adding to the Debt. When are we going to start seeing the Debt actually go down?

That's a hell of a lot of debt, $40000 for every person in the USA roughly.

We also hearing about how many entitlement schemes are nearly bankrupt (medicare,social security etc).

Link 1

Link 2

Hmm not so good on that front. Yet the current Administration says we shall have to borrow more to pay for Healthcare reform.

Link 3

Link 4

Lets take a look at how health care in the US would look if the reforms came in.

Not to streamlined if you ask me.

My opinion : We need less Government + less spending both in the US and UK. Give local communities more of a role in helping people, reduce entitlement slowly so people don't suffer to much. Free market health care could work if we give it a chance.

I don't expect everyone to agree with me, I know other people have valid opinions but my question from the start still stands.

Can you Afford it?

posted on Sep, 11 2009 @ 06:08 AM
Bumping this so more people can read it + comment.

Second line.

posted on Sep, 11 2009 @ 06:12 AM
more like $40,000 bimonthly, where did you get this from ??

God damn.....lookin at that flow chart one can not be surprised the U.S.A is up the duff!!!, Back to basics i rekon, simplify guys, it doesnt mean your stupid.

[edit on 11/9/2009 by scubagravy]

posted on Sep, 11 2009 @ 06:23 AM
reply to post by scubagravy

I got it by dividing the total amount of debt (~$11 trillion) by the total population of the USA (~300 million) to give example of how much we owe. However I may have had a bit of a brain fail there so feel free to correct me if its bimonthly.

I just ask if the US can afford more government intervention and bureaucracy when its already so in debt.

posted on Sep, 11 2009 @ 06:27 AM
and where may i ask did you get 11 trillion from???, you know its 2009 hey, not the year 200??. i'll get back to you with the numbers that ive learnt. Good thread, i just want the right message gettin out.

posted on Sep, 11 2009 @ 07:24 AM
The $11 trillion is from the Debt Clock website which I believe to be independant and accurate with some very interesting information that you don't normally see.

Thanks for the comments, I just feel this is one issue of health care that is overlooked.

posted on Sep, 15 2009 @ 05:38 PM
Final bump for this thread, like many of my threads it seems to have slipped away.

Leave a comment if you wish.

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