What Could Go Wrong in the U.S.

[Sister Alvear]

WELL...at some point it will all come crumbling down...

[sandie]

Originally Posted by HaShaliach

The Fed start up the printing presses again, like they are suggesting right now! The Fed has proposed to start buying up government bonds. That is, to generate money to buy up the very debt they helped to create. This puts more cash into the system with nothing to back it up - except our national debt (promise to pay).

More money in the system without being 'created', just printed, yields inflation. What use to cost a dollar now costs two. A dollar today will buy about what 15 cents did in 1925. Economics 101. A rather good men's suit back then cost about $25.00. Believe that? Its true, and today a good suit still costs about $25.00 - in 1925 dollars. But then, back in 1925 we were still on the gold standard and everyone had gold dollars available to them (they were still legal tender). Of course, a $5,000 income per year was at the top of most pay scales back then. Today, $5,000 per month income is not that uncommon.

As long as we continue to go into debt, either personally or nationally, the less our income will purchase. I remember when a cup of coffee cost a nickle - now I am lucky to find a cheap cup for $1.25. Before, this did not affect me so much because my dollar income kept pace, or even exceeded the rate of inflation. But now that I am on a fixed income, it becomes harder every day to meet our basic needs. At some point in the not too distant future that diminished ability will fail all together. There are millions of us in that same boat - what then?

If you are no longer a productive economic unit, and have become a 'drag' on society, then as it has been in much of modern history, eliminate the drag.

I can remember in the late 60's 50 dollars filling two grocery carts to the brim...including...hold on to your hat....meat!

As far as I can tell we have bonified morons in charge. Hate using the word moron but what else can explain the madness they're perpetrating?

How do you think this "drag" will be eliminated?

[Digging4Truth]

Originally Posted by HaShaliach

Added note: Of course, as long as China and Russia continue to use dollars in the rest of their transactions with the world, that might slow down our own problems!

Indeed. But, lest anyone convince themselves otherwise, this isn't a case of a crashing plane whose slowed descent will prevent harm.

This is a case more akin to a sinking ship. If the descent be slowed then the inevitable can be delayed but, come slow or come fast, the ship is sinking and that fact doesn't change.

[sandie]

Originally Posted by Digging4Truth

Indeed. But, lest anyone convince themselves otherwise, this isn't a case of a crashing plane whose slowed descent will prevent harm.

This is a case more akin to a sinking ship. If the descent be slowed then the inevitable can be delayed but, come slow or come fast, the ship is sinking and that fact doesn't change.

It's heartbreaking, was hoping my grandchildren would know the America I grew up in.

[A.W. Bowman]

Originally Posted by sandie

...

How do you think this "drag" will be eliminated?

There are a number of simple and effective ways - many are in place and being practiced in many places in the western world already.

Denying the elderly selected medicines and medical procedures, because they are too expensive, as already practiced by some insurance companies and embedded in the new health care bill. Then, as already practiced in several Scandinavian countries, the elderly will not go to see a doctor and refuse to enter a hospital, because they most likely will not walk out again (they receive injections that terminate their 'illness'). All of these kinds of things have been in the news for several years in the European press, not so much in the US press. Oops, so sorry!

BTW, England is ditching much of its social medical system because it hasn't worked and they can no longer afford it. Quite a bit of what they are ditching? You guessed it! It is a lot of the same stuff that we have just been saddled with in the Obamacare bill. (Reference: The Telegraph [telegraph.co.uk])

[sandie]

Originally Posted by HaShaliach

There are a number of simple and effective ways - many are in place and being practiced in many places in the western world already.

Denying the elderly selected medicines and medical procedures, because they are too expensive, as already practiced by some insurance companies and embedded in the new health care bill. Then, as already practiced in several Scandinavian countries, the elderly will not go to see a doctor and refuse to enter a hospital, because they most likely will not walk out again (they receive injections that terminate their 'illness'). All of these kinds of things have been in the news for several years in the European press, not so much in the US press. Oops, so sorry!

BTW, England is ditching much of its social medical system because it hasn't worked and they can no longer afford it. Quite a bit of what they are ditching? You guessed it! It is a lot of the same stuff that we have just been saddled with in the Obamacare bill. (Reference: The Telegraph [telegraph.co.uk])

I've been reading thru recent years what is happening in Scandinavian countries...just never thought it would reach America, at least not in my lifetime.
I'm hoping the newley elected congress can at least throw a wrench in Obamacare.
This liberal/progressive/marxist agenda Obama brought thru policy is insedious.
Palin caught it on the chin for suggestion "death panels", yet Paul Krugman just talked about it a few weeks ago.
God have mercy.

[Sam]

Originally Posted by HaShaliach

Do not fear - look up .....
...

A local pastor here used to say on his radio program

"If you are fed up
with the set up,
then lift your head up,
because we are about to be caught up"

[Sam]

Originally Posted by HaShaliach

5.
...I remember when a cup of coffee cost a nickle - now I am lucky to find a cheap cup for $1.25. ...

When I went to the Apostolic Bible Institute for the 1956/1957 year, there used to be a restaurant across the street called Jean's Restaurant. It was run by a Jewish French couple. You could get two eggs (cooked to your order) plus two pieces of toast and a cup of coffee for 35 cents. There were free refills on the coffee. It was a real deal for us who might have slept too late on Saturday for breakfast at the school. I don't remember what the minimum wage was back then but I think it was 50 cents an hour.

[A.W. Bowman]

Oops!

It was once said that, "Iif you keep saying that things are going to get worse, you stand a good chance of becoming a prophet."

So, today I find this headline: Doctors say Medicare cuts force painful decision about elderly patients

The AARP was one of the big pushers of Obamacare. Now they have just raised the health insurance rates for their employees because of Obamacare.

Like I indicated earlier, there are some really nice ways of eliminating the 'drag' on society. Some are just a little slower than others. However, it was not unexpected! When it became lawful to kill children because they were an inconvenience, how long did one think it would take to get rid of the elderly for the same reason? Of course, what the planners seem to forget is that they owe a grate debt of gratitude to their own parents for not opting out for an abortion, and one day, should they survive long enough, they too will join the ranks of the unproductive economic units of society. /sigh/

Truly, sin is blind.

[A.W. Bowman]

A follow up note concerning the high income of doctors.

First read the entire article, Doctors say Medicare cuts force painful decision about elderly patients. Now, are some doctors getting 'rich'? You bet. A doctor receiving $250,000 per year has the purchasing power of about $62,000 (remember inflation?). Then, consider, if doctors has such a cash cow in rendering Medicare/Medicaid services then why cut back? The article hints at two very good reasons. Greed, if the technology is available, why not use it and charge a big price for the service? The second, self protection. What is not being advertised too much is that there is a growing number of doctors leaving the profession because they cannot afford the malpractice insurance.

I don't remember right off hand, but in the past five years or so I remember reading about two or three states in the east where doctors are leaving those states because they can no longer afford to practice there because of insurance rates.

The system is truly broke! Health care cries out for an overhaul. But, what was pushed through congress is a disaster. "We have to pass this bill so we can find out what's in it." Did not give me a warm and fuzzy feeling. Now, I have cold chills.