Which shows that it is about the Political and not the Economic.Quote from limitdown:
hey, centering this conversation back on the Economic and not the political.... they (H. Reps) poked holes in the facade.....
as a result, even though the bullish overnight events occurred...
these seemingly positive events were over shadowed by the fact that the Representatives no longer believed in the GSPN aura... let's face it, today's downturn in the markets are also attributable to yesterday's actions
And those senators have great retirement plans and healthcare, don't they? They made sure to vote that into existence for themselves.Quote from PoundTheRock:
Look at the Senate, the majority in their 60's. They were recently debating whether or not seniors should even have to pay a $35 premium for prescription drug coverage. Most of my friends pay on average several hundred dollars per month in health insurance, and yet the AARP throws a hissy fit if seniors have to pay even a nominal premium.
You can expect the AARP 'hissy fits' to get louder as senior Americans become the majority. But you're right. On top of all of life's other huge costs that presently have to be paid for by any regular average working young or middle aged, there's the cost of supplementing what should have been in SS for our elders. One day, we'll be in the same fix, and people not even born yet will be loudly decrying that their wages are usurped by all of us older folk, who spent our money during our lives on life's necessities and on chotkas to enjoy our lives with and now find we can't afford $XXXX every month for our meds.
It just goes back to the basic fact that there are people/businesses in the health care industry making extraordinary amounts of money off of sick people. The money has to come from somewhere. I'm loathe to tell people that they must cap their profits, like they did in the 80's.
But it could come from the savings realized from eliminating bulky government programs and $25,000 toilet seats. It could come from downsizing gov't. and getting rid of politicians who keep their power by bringing in our tax revenues to their constituents for their favored local programs in exchange for votes. Even on a local level here, we don't need all the legislators that have not a thing to do but author new laws dictating that we can't yell "boo" at a softball game, we can't hold a cell phone in a car but we can continue to drive distracted as long as we're not touching the phone. Get rid of one legislator position and you've saved $70,000 salary, plus pension, office and staff, not to mention free up some civil liberties. How many prescriptions would that buy?