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(Business Insider)   Under the Obama administration the government estimates of the growing cost of Medicare was vastly off target   (businessinsider.com) divider line 21
    More: PSA, Peter Orszag, Medicare, federal budget, Obama administration, Douglas W. Elmendorf, Office of Management and Budget, deep dive  
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4495 clicks; posted to Politics » on 29 Dec 2012 at 7:50 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2012-12-29 03:18:40 PM  
11 votes:
Subby, you're two tense
2012-12-29 10:30:55 PM  
4 votes:

namatad: lower unemployment?
POOF!
But how???
Other than increasing government spending?? which technically increases pain down the road.


1. Increase the minimum wage and index it to inflation. That's a huge economic stimulus package (poor people spend money, right away, locally, and in small amounts, so it has a lot of velocity)

2. Get companies out of the business of providing health insurance for their employees. The public exchanges are a step in the right direction. This would both make us more competitive globally, and remove the disincentive to hire older workers.

3. Get rid of H1B visas. Can't find some particular type of specialist? Pay for training.

4. Provide lots of highly subsidized day care. You get a twofer - employ people providing day care, and free up the stay-at-home parent to work

5. Build out infrastructure that has a reasonable ROI. Things like high speed rail, which may have an operational deficit but have external positive economic effects (in much the same way airports do).

6. Zero out corporate taxes, but raise taxes on unearned income to the same rates as earned. Huge incentive to invest in growing the firm, rather than dumping cash in to stock buybacks or dividends.

7. Consider some sort of VAT based on the degree of offshore content. That provides an incentive for large corporations to move call centers and manufacturing (or at least final assembly) back to the US. This one would be pretty tough to implement, and lobbyists would be in a feeding frenzy, so its probably not practical.
2012-12-29 07:40:22 PM  
3 votes:
How about less money on war.
2012-12-29 05:46:49 PM  
3 votes:

Lsherm: This is an inflation index.  The cost is still going up, just not as fast as it used to.


So medicare costs are rising slower than inflation now?
So pretty much a non-problem?
lol
Yes, I know, the boomers. farking boomers. Voted themselves tax cuts and now expect to still get their STUFF. Damn takers.
2012-12-29 05:06:53 PM  
2 votes:
For three years in a row, Medicare spending has significantly come in below estimates. Repeat that: below estimates.

Therefore, it needs to be slashed. And the wealthy need tax cuts.  Because socialism.


MaudlinMutantMollusk: Subby, you're two tense


+1
2012-12-29 03:12:31 PM  
2 votes:
Therefore we need to make it a voucher.

/facts mean nothing to a Republican
2012-12-30 09:03:39 AM  
1 votes:
America has become an Imperialist Nation in order to protect and grow its greedy crony capitalist 2%'s wealth at the expense of the other 98% and that is sad.

the Public (and Federal Government) takes the liabilities and the richest 2% take all the profits. no wonder those Turds love America more than any other nation in the world. what other Nations would cow to their every whim and desire??
2012-12-30 08:56:47 AM  
1 votes:
its ironic that the U.S. sends jobs to Communist China (to keep those hungry stock holders happy) yet throws all its Defense dollars into fighting some rag heads who can't afford anything more than an underwear bomb or a plane ticket. Terrorists are a fringe group who could never threaten a Nation as large and mighty as U.S. yet were taught that they are the real threat to Freedom and to America. hogwash.

and yet, Communist China has the economy and military to actually threaten this Nation. so we do business with them.

proof that the "Protecting Freedom" game and "keeping us safe from Terrorists" that the Penisgon plays is just an illusion to keep that free tax money coming into their money bags. approaching 1 TRILLION per year now. that's big money, my friends.

i bet the NSA has their pointy ears on this Fark thread now. all those "key words" got their panties in a twist. i had better lock my door. ((::
2012-12-29 11:20:52 PM  
1 votes:
This article is spot on. We don't have a deficit problem, we have a jobs problem exacerbated by a political problem.
2012-12-29 11:07:36 PM  
1 votes:

namatad: Pats_Cloth_Coat: So yes, gold is farktastically stupid as a currency. But inflation? That ain't the reason.
/IANAE
Link

I dont understand your statement.
Of course gold is stupid currency. I agree.
Of course you can have deflation. I never said you couldn't.

here is chart of US inflation/deflation since whenever
at least during part of that we were on the gold standard and we had inflation
so um, what was your point?


For about half the period that chart covers, we really weren't a money economy - in the 17th and 18th centuries people mostly were self-sufficient, or bartered. Apart from that, you really only saw inflation as a result of war - check out the big spike for the Civil War.

My point is, the gold bugs run in fear of inflation, without grasping that they're courting deflation, and that's also bad. A much harder spiral to break.
2012-12-29 11:03:14 PM  
1 votes:

Ed Willy: relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.

National healthcare in Japan. The sick get help early, keeps cost down long term


Also, the Japanese eat seafood and rice and not Big McFattyBurgers and 124 ounces of HFCS (for freedom, of course) from 7/11. So that probably helps in the run.
2012-12-29 09:24:39 PM  
1 votes:

Ed Willy: relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.

National healthcare in Japan. The sick get help early, keeps cost down long term


no, that has almost nothing to do with it; the government has just rationally decided that there will be a strict limit to profitability in in this vital industry where the demand is often close to inelastic.

here we reelect the same assholes that decided that being a doctor wasn't sufficiently monetarily rewarding and that therefore capped training programs at 1997 levels so they would see a massive increase from their already world leading salaries.

there they look out for the consumer and the nation as a whole, here the politicians find ways to make the richer even richer while telling you they are only looking out for your safety.
2012-12-29 09:22:29 PM  
1 votes:

relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.


Actually, yes it is.
2012-12-29 09:21:58 PM  
1 votes:

Ed Willy: relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.

National healthcare in Japan. The sick get help early, keeps cost down long term


plus with national healthcare, there is no profit. cost + maybe some overhead = cheap.
2012-12-29 09:13:42 PM  
1 votes:

relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.


National healthcare in Japan. The sick get help early, keeps cost down long term
2012-12-29 08:28:31 PM  
1 votes:
That's not tense disagreement, it's verb/noun disagreement.
2012-12-29 08:13:49 PM  
1 votes:
Raising the Medicare age to 68 will help get those increases back online.
2012-12-29 08:04:32 PM  
1 votes:

Corvus: I've been told by those on the right that no government plan has ever come under estimated costs. Is this now wrong?


Hoover Dam.
2012-12-29 07:06:58 PM  
1 votes:

fusillade762: Business Insider appears to have been infiltrated by socialists. Just listen to this commie claptrap!

There's Only One Way To Fix The Deficit - And Actually It's Totally Painless


LT;DR
actually, I skimmed it, looked at all the pretty picture, but I have NO IDEA what the fark he was suggesting.
WHAT is the totally painless fix??? He couldnt have the exec summary at the top?
2012-12-29 06:52:47 PM  
1 votes:

MaudlinMutantMollusk: Subby, you're two tense


He's a teepee and a wigwam?

I HAD TO, SORRY
2012-12-29 05:57:01 PM  
1 votes:
Good news.
 
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