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madbolter1
Big Wall climber
Walla Walla, WA
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Mar 28, 2010 - 08:51pm PT
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Mighty, that was a good one! I'm going to chuckle for a long time over that one.
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dktem
Trad climber
Temecula
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Mar 28, 2010 - 09:16pm PT
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Your answer is the demise of the country, we are following down the same path which Greece, Japan, Spain and others have followed, where it is each persons "right" to have a job, health care, own a home. This is a violation of the basic principles of economics and cannot be sustained over time. It doesn't matter which party proposes the violation, be it Bush with drug benefits or Obama with health care, there is no such thing as a free lunch, this was actually my first lesson in Finance 101.
Japan has seen bad times for more than a decade, as measured by basic metrics such as GDP growth.
But here's a curious thing: Japan is still one of the largest economies in the world and its people enjoy a very high standard of living (and good health.) Japan is nowhere near its "demise." So how can the US suddenly be so much worse?
As far as "principles of economics" and your "first lesson in Finance 101" goes, you've caught my attention with these claims.
I've actually had some schooling in these subjects, but maybe I missed something along the way. So perhaps you could help me out:
I'm curious which of the principles of economics are being "violated." Can you name some of them?
I'm also wondering what Finance textbook has the "no free lunch" lesson in the first chapter. I think anyone would agree there is "no free lunch" in life - I've just never heard that one taught in a Finance class. (Is there any math related to this? Most finance topics I've seen involve some math...)
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HighDesertDJ
Trad climber
Arid-zona
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Mar 28, 2010 - 09:20pm PT
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OBAMA IS A FEAR MONGERER. HIS LEADERSHIP WILL DESTROY THIS COUNTRY.
Fatty said - This is a violation of the basic principles of economics and cannot be sustained over time. It doesn't matter which party proposes the violation, be it Bush with drug benefits or Obama with health care, there is no such thing as a free lunch
Uh yeah. That's why Obama and the Dems tried to actually pay for theirs with taxes instead of just racking on piles more deficit. It's too bad that the taxes got whittled down so much or else it would have actually been deficit neutral. Thank your buddies in the RNC for once again ensuring more deficits.
Furthermore, the groundwork was lain in the bill to reduce the costs of healthcare by finding new reimbursement systems. These will, in the long run, save us billions or even TRILLIONS in Medicare and insurance rates. I realize it is better politics for the RNC to look at the next 3 years only, but the long view is much prettier.
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Bob D'A
Trad climber
Boulder, CO
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Mar 28, 2010 - 09:37pm PT
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Thank you Mad...I think balance is the key. I understand what you are saying about liberties, not easy protecting the "right and liberties" of 310 million people. We are not 13 little colonies with a very homogenizes population.
The pendulum swings back and forth depending on current trends and political parties.
I think this is a great country, with all our shortcoming in the past, it still may be the greatest melting pot in modern history.
I don't care what party you are from...you seem intelligent, well read, with a great sense of what makes America tick.
Thanks so much for your time and the effort you put into your posts.
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Norton
Social climber
the Wastelands
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Mar 28, 2010 - 10:35pm PT
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Speaking of opposition to the healthcare bill:
Here is a photo of one of the protesters at Barack Obama's stop in Iowa City last Thursday.
The flag he is standing in front of is the Tea Party flag.
I love this guy..............
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mrtropy
Trad climber
Nor Cal
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Topic Author's Reply - Mar 28, 2010 - 11:32pm PT
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I want to buy him a beer!!! Classic I am sure the sign went over those baggers head. I will steal his idea. A true American hero!!!!!!!!!!
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Chaz
Trad climber
greater Boss Angeles area
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Mar 29, 2010 - 12:09am PT
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Those people aren't teabaggers.
The sign behind Dude-In-The-Shades is the same purple color all the S.E.I.U. protest signs are, and the sign dude in the lower-right is holding has an Obama campaign sticker on it.
If they're teabaggers, they're undercover or something.
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Mighty Hiker
climber
Vancouver, B.C.
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Mar 29, 2010 - 12:13am PT
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Theme song for teabaggers:
I'm a little teapot,
Short and stout,
Here is my handle (one hand on hip),
Here is my spout (other arm out straight),
When I get all steamed up,
Hear me shout,
Just tip me over and pour me out! (lean over toward spout)
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Tomcat
Trad climber
Chatham N.H.
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Mar 29, 2010 - 09:11am PT
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Seems like a really well thought out plan.For just 695.00 a year you can skip buying health insurance until you become ill,then insurance companies will have to accept you with your pre-existing condition,and no dollar limit on the payout,plus all our premiums are going down!!
Thank goodness they capped those FSA's where people use their own,or their employers money to pay for health needs.What a daft concept.
And to think all we had to do was screw some old people out of their Medicare benefits for preventive care and the whole thing is deficit neutral.Brilliant!
Premiums will go up 30% next cycle.In 2012 the Administration will broker a back door deal to keep a second wave that size from occuring in the election year,in 2013 premiums will rise at least 30% again.Good thing the "cadillac plan" tax is tied to inflation,instead of heath care costs,which are rising 10x faster.We'll all be in the 40% tax segment by the time they start picking up the tab for the leisure class.
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