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Just John wrote:
On Mon, 16 Nov 2009 14:34:10 -0500, NowNow wrote: In article , says... Can't wait for the Paste Eaters to explain this one. http://www.washingtonpost.com/wp-dyn...111402278.html Did you read it?? All of this is, to some degree, Medicare kabuki to placate the American Medical Association. The Senate doesn't have the votes to pass a permanent fix without paying for it -- though, of course, it also doesn't have the votes actually to pay for it. So while the House might pass the unpaid-for fix, it will likely die there. The result will be another year-long, or possible two-year, patch slapped on this mess. Finding the money to pay for the fix and, more to the point, cobbling together the political coalition to support it, is difficult. Which is why Congress and the administration have joined hands in the pretense that the doc fix has nothing whatsoever to do with health reform. Hopefully, the Democrats will get their heads out of their asses and fix some of the things that are broke, as opposed to trying to take over the whole thing and run it with a hundred more federal offices. I don't think anyone sane will hold their breath. You have to look at it this way. The Dems liberalized banking to avoid fair market interest rates in favor of cheap, easy, fast money. All of a sudden banks could lend 10:1, 100:1 and then savings rates to balance debt went right out of the window. And any time a balanced system is tilted, it will eventually crash. And even though Congressional dim-wits ignored the messages, they went full tilt ahead into more debt. Dems broke it, it is highly likely they are incapable with their dilusion of being able to debt-spend out of debt. Congress isn't going to tell the banks to go back to 2:1 as interest rates would skyrocket. Hell, colngress has manufactured so much debt that market interest rates would drag the US governemnt down. Obama and the democrats don't get it, clueless ****s. You can't debt-spend your way out of debt. I fear people will have to change government radically. Recall, protests, whatever... Obama is doing what the Taliban could not. |
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