No Regrets for Man With Romney Tattoo on His Face

Posted: Nov 14, 2012 - 6:09am

GeneP59 wrote:

So you're saying that the math is fuzzy, that the deficit didn't go up $5 trillion in the last 4 years? And that the health care that will kick in in 2014 hasn't doubled to $1.9 trillion without even taking effect?

I'm sorry for reading the false GAO reports wrong. Me Culpa.

Most of what I've read indicated deficits would go down modestly the first decade and more so the next, on a net basis assuming cost cuts (reduced Medicare reimbursement rates) and tax/fee increases go into effect. And fyi, the healthcare industry (at least the larger players) is seeing ACA as a positive. Yes, their reimbursement rates go down for services rendered, but the increased volume of insured patients and reduction of bad debt expense (about 10% of a typical healthcare facilities top line sales) will virtually disappear...so the net is positive to earnings.

Posted: Nov 14, 2012 - 5:36am

aflanigan wrote:

I'm trying to wrap my head around the continued alarmist screeds that people are issuing post-election. Libertarians like Peter Schiff have been saying since 2007 that we're going to get hyperinflation any day now. Hasn't happened yet. So what's the justification for the latest round of alarmism? The January 2013 Sequestration?

i'm sure you've seen schiff's videos speaking about the derivatives/banking/housing crisis

he, keen, casey, roubini (a ref you're familiar with) and several others were speaking out against the mainstream and schiff was ridiculed on tv practically every time he spoke

turns out that they were right, plenty of video to support that

where schiff gets into trouble is when he starts talking about a time frame or time line

there is historical reference for the scenario he's speaking to, but prediction/timing an event like this we know is difficult if not impossible

he's like a doctor telling you that if you smoke two packs a day eventually you'll have trouble breathing and eventually get cancer (assuming you don't get hit by a bus first)

he claims to know when eventually should happen

while schiff may be correct about a likely outcome, his hubris is a distraction

regards

p.s. schiff's personality isn't representative of the majority of libertarians/austrian school

Posted: Nov 13, 2012 - 4:46pm

GeneP59 wrote:

"Remember an army's job is to blow things up and kill people." Some Army General {#Eek}

Terrorists are pretty good at that too.

Posted: Nov 13, 2012 - 4:44pm

Manbird wrote:

... or not...

when romney is elected in 2016 he'll be the first to say he was out in front of the trend

Posted: Nov 13, 2012 - 4:35pm

... or not...

No Regrets for Man With Romney Tattoo on His Face

Posted: Nov 13, 2012 - 3:58pm

Umberdog wrote:

An individual is forbidden to solve problems with murder, but the government does it all the time... even regularly hiring and training young people to do it.

"I never did, or countenanced, in public life, a single act inconsistent with the strictest good faith; having never believed there was one code of morality for a public, and another for a private man." ~ Thomas Jefferson

"Remember an army's job is to blow things up and kill people." Some Army General {#Eek}

Posted: Nov 13, 2012 - 3:50pm

GeneP59 wrote:

Either way, national debt/deficit, we are screwing the next 5 generations over big time. Try running your household the way the government runs and they'll fling you into the hoosegow so fast you'll ask Where's My Kiss. {#Yes}

An individual is forbidden to solve problems with murder, but the government does it all the time... even regularly hiring and training young people to do it.

"I never did, or countenanced, in public life, a single act inconsistent with the strictest good faith; having never believed there was one code of morality for a public, and another for a private man." ~ Thomas Jefferson

Posted: Nov 13, 2012 - 3:21pm

aflanigan wrote:

First, I think you're confusing the deficit (i.e. the annual difference between government revenue and expenditures) with the national debt. The National debt may have gone up roughly 5 trillion during our recovery from recession, but annual deficit spending has been around 1 trillion per year recently.

No, I'm saying all the deficit scolds from the Austrian School have been warning us for some time that deficit spending during a recession/recovery is going to blow up in our faces in the form of hyperinflation and other evils. They haven't been right yet, so why should I think they'll be right in the next four years?

Either way, national debt/deficit, we are screwing the next 5 generations over big time. Try running your household the way the government runs and they'll fling you into the hoosegow so fast you'll ask Where's My Kiss. {#Yes}

Posted: Nov 13, 2012 - 3:15pm

meower wrote:

the math is the math
http://www.radioparadise.com/rp2-content.php?name=Members&file=userinfo&u=113617#name=Members&file=userinfo&u=113617 is fuzzy

Posted: Nov 13, 2012 - 2:38pm

aflanigan wrote:

No, I'm saying all the deficit scolds from the Austrian School have been warning us for some time that deficit spending during a recession/recovery is going to blow up in our faces in the form of hyperinflation and other evils. They haven't been right yet, so why should I think they'll be right in the next four years?

Whether deficits result in inflation or not depends on how they're financed. Print money to pay for them and you get inflation. Borrow to finance them and you get debt.

This is true whether the deficit is during a recession or otherwise.

Posted: Nov 13, 2012 - 1:34pm

GeneP59 wrote:

So you're saying that the math is fuzzy, that the deficit didn't go up $5 trillion in the last 4 years? And that the health care that will kick in in 2014 hasn't doubled to $1.9 trillion without even taking effect?

I'm sorry for reading the false GAO reports wrong. Me Culpa.

First, I think you're confusing the deficit (i.e. the annual difference between government revenue and expenditures) with the national debt. The National debt may have gone up roughly 5 trillion during our recovery from recession, but annual deficit spending has been around 1 trillion per year recently.

No, I'm saying all the deficit scolds from the Austrian School have been warning us for some time that deficit spending during a recession/recovery is going to blow up in our faces in the form of hyperinflation and other evils. They haven't been right yet, so why should I think they'll be right in the next four years?

Posted: Nov 13, 2012 - 12:50pm

Zep wrote:

For once, I agree. (that Glenn Beck should have his own state, that is)

He does. State of Confusion.

Posted: Nov 13, 2012 - 12:38pm

hippiechick wrote:

You oughta listen to Glenn Beck. He's trying to plan for his own country.

For once, I agree. (that Glenn Beck should have his own state, that is)

Posted: Nov 13, 2012 - 12:31pm

GeneP59 wrote:

So you're saying that the math is fuzzy,

the math is the math
http://www.radioparadise.com/rp2-content.php?name=Members&file=userinfo&u=113617#name=Members&file=userinfo&u=113617 is fuzzy

Posted: Nov 13, 2012 - 11:57am

aflanigan wrote:

I'm trying to wrap my head around the continued alarmist screeds that people are issuing post-election. Libertarians like Peter Schiff have been saying since 2007 that we're going to get hyperinflation any day now. Hasn't happened yet. So what's the justification for the latest round of alarmism? The January 2013 Sequestration?

So you're saying that the math is fuzzy, that the deficit didn't go up $5 trillion in the last 4 years? And that the health care that will kick in in 2014 hasn't doubled to $1.9 trillion without even taking effect?

I'm sorry for reading the false GAO reports wrong. Me Culpa.

Posted: Nov 13, 2012 - 11:39am

GeneP59 wrote:

No, they will set us back 500 years after they spend another $5 Trillion dollars plus interest in the next 4 years. Better start learning to speak Chinese or Dutch.

I'm trying to wrap my head around the continued alarmist screeds that people are issuing post-election. Libertarians like Peter Schiff have been saying since 2007 that we're going to get hyperinflation any day now. Hasn't happened yet. So what's the justification for the latest round of alarmism? The January 2013 Sequestration?

Posted: Nov 13, 2012 - 10:51am

hippiechick wrote:

It's more than just "I won, her lost yay!" It's "Thank god our country won't be taken over by people who will set us back 60 years, yay!" This was a very important election, not just a football game.

Edit: and yes, after all the sh** we have had to listen to for the past 12 years, there is a certain amount of schadenfreude involved.

No, they will set us back 500 years after they spend another $5 Trillion dollars plus interest in the next 4 years. Better start learning to speak Chinese or Dutch.

Posted: Nov 13, 2012 - 5:43am

steeler wrote:

Funny, I have seen stories in which conservatives who opposed Obama are quoted as saying they fear for America.

You oughta listen to Glenn Beck. He's trying to plan for his own country.

Posted: Nov 13, 2012 - 5:15am

GeneP59 wrote:

Obama won, and Romney lost. Story over. They just keep beating a dead horse over and over and it doesn't stop. They should look into their own house for shortcomings.

That's mostly what I see on the cable channels; they are continuing to pursue the story because the narrative they pushed prior to the election (the race was "too close to call") was basically bogus. So they are grasping for an explanation of how Obama managed to defeat Romney so handily (and by implication, reporting the story that they failed to report last month).

Except for Hannity, who apparently is pushing the voter fraud myth in an attempt to help Allen West maintain his seat.

Posted: Nov 13, 2012 - 4:28am

GeneP59 wrote:

I'm talking about what I see on TV, radio, and in the papers. They just don't stop. We won! We won! He lost yay! It's just sickening.

It's more than just "I won, her lost yay!" It's "Thank god our country won't be taken over by people who will set us back 60 years, yay!" This was a very important election, not just a football game.

Edit: and yes, after all the sh** we have had to listen to for the past 12 years, there is a certain amount of schadenfreude involved.

No Regrets for Man WithRomney Tattoo on His Face

No Regrets for Man With Romney Tattoo on His Face