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#1
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posted to rec.boats
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#2
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posted to rec.boats
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![]() wrote in message ... On Fri, 18 Jun 2010 12:19:24 -0400, Harry wrote: In the case of Obamacare, the Senate bill was written be a couple United Health Care lobbyists so "what could go wrong" is very easy to predict I don't buy your premise. I see the bill that passed as only a first step. Further, the bill was all that could be passed. That is what scares me. This might be a framework for a real health care plan but, more likely, it will just be a huge pork barrel where they keep adding on to it until it becomes another bloated government money pit. Well, that's possible, but that's why we need to be vigilant and hold Congress accountable for what they do. |
#3
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posted to rec.boats
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![]() wrote in message ... On Fri, 18 Jun 2010 10:46:10 -0700, "nom=de=plume" wrote: That is what scares me. This might be a framework for a real health care plan but, more likely, it will just be a huge pork barrel where they keep adding on to it until it becomes another bloated government money pit. Well, that's possible, but that's why we need to be vigilant and hold Congress accountable for what they do. How is that working out so far. I saw a projection today, using Obama's numbers that the interest on the debt will be $900 billion in a few years. That assumes interest rates are stable. Indications are they will go up sharply was world liquidity drops. It's a bit early to tell how things will ultimately shake out, but spending in general and the HC legislation HAD to happen or we'd be in much worse shape, certainly going forward. There are no "indications" that interest rates will go up sharply... what liquidity? The money supply is stable. |
#4
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posted to rec.boats
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![]() "nom=de=plume" wrote in message ... wrote in message ... On Fri, 18 Jun 2010 10:46:10 -0700, "nom=de=plume" wrote: That is what scares me. This might be a framework for a real health care plan but, more likely, it will just be a huge pork barrel where they keep adding on to it until it becomes another bloated government money pit. Well, that's possible, but that's why we need to be vigilant and hold Congress accountable for what they do. How is that working out so far. I saw a projection today, using Obama's numbers that the interest on the debt will be $900 billion in a few years. That assumes interest rates are stable. Indications are they will go up sharply was world liquidity drops. It's a bit early to tell how things will ultimately shake out, but spending in general and the HC legislation HAD to happen or we'd be in much worse shape, certainly going forward. There are no "indications" that interest rates will go up sharply... what liquidity? The money supply is stable. You be sure to let us know if things take a sudden turn for the worse. |
#5
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posted to rec.boats
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![]() "Moose" wrote in message ... "nom=de=plume" wrote in message ... wrote in message ... On Fri, 18 Jun 2010 10:46:10 -0700, "nom=de=plume" wrote: That is what scares me. This might be a framework for a real health care plan but, more likely, it will just be a huge pork barrel where they keep adding on to it until it becomes another bloated government money pit. Well, that's possible, but that's why we need to be vigilant and hold Congress accountable for what they do. How is that working out so far. I saw a projection today, using Obama's numbers that the interest on the debt will be $900 billion in a few years. That assumes interest rates are stable. Indications are they will go up sharply was world liquidity drops. It's a bit early to tell how things will ultimately shake out, but spending in general and the HC legislation HAD to happen or we'd be in much worse shape, certainly going forward. There are no "indications" that interest rates will go up sharply... what liquidity? The money supply is stable. You be sure to let us know if things take a sudden turn for the worse. There's a signpost up ahead - your next stop, the Twilight Zone! (No, not the Twilight movie.) |
#6
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posted to rec.boats
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![]() wrote in message ... On Fri, 18 Jun 2010 14:21:43 -0700, "nom=de=plume" wrote: I saw a projection today, using Obama's numbers that the interest on the debt will be $900 billion in a few years. That assumes interest rates are stable. Indications are they will go up sharply was world liquidity drops. It's a bit early to tell how things will ultimately shake out, but spending in general and the HC legislation HAD to happen or we'd be in much worse shape, certainly going forward. There are no "indications" that interest rates will go up sharply... what liquidity? The money supply is stable. We still do not know how this Euro thing is going to work out. Bear in mind, more than half of our foreign owned debt is from European sources. If they lose the ability to buy our paper, that paper will be harder to sell, hence the auction will be higher I think that's at least a plausible argument. I think the European Union is here to stay, but it might scale back. |
#7
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posted to rec.boats
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![]() wrote in message ... On Fri, 18 Jun 2010 18:08:06 -0700, "nom=de=plume" wrote: We still do not know how this Euro thing is going to work out. Bear in mind, more than half of our foreign owned debt is from European sources. If they lose the ability to buy our paper, that paper will be harder to sell, hence the auction will be higher I think that's at least a plausible argument. I think the European Union is here to stay, but it might scale back. It really depends on if the Greeks will accept reforms that will suit the Germans (basically scaling back their lifestyle). If that part fails, the rest is in jeopardy. If the Germans and Brits pulled out of the EU, it would fall apart. I think they will accept them... every indication they will. Were the Brits ever really part of the EU? ![]() |
#8
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posted to rec.boats
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![]() wrote in message news ![]() On Sat, 19 Jun 2010 11:19:03 -0700, "nom=de=plume" wrote: It really depends on if the Greeks will accept reforms that will suit the Germans (basically scaling back their lifestyle). If that part fails, the rest is in jeopardy. If the Germans and Brits pulled out of the EU, it would fall apart. I think they will accept them... every indication they will. Were the Brits ever really part of the EU? ![]() They are part of the EU, they just have not adopted the Euro. I was, ummm... joking. |
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