patrick.net

tatupu70 says

Paralithodes says

But somehow this is all the Republicans’ fault?

Thanks for putting words in my mouth again.. There was definitely enough blame to go around–I don’t think I’d say it’s all the Republican’s fault. They would have the lion’s share though.
But, you have to remember that the Democrats never really had the supermajority needed to pass the bill over a filibuster. Everyone still calls Lieberman a Democrat when he clearly is an Independent bought and owned by corporate interests. So, in all actuality, the Democrats never had had the necessary numbers to pass a bill on their own… That’s why there was so much bargaining and why Obama never got the plan he wanted.

LOL, I was wrong. It was not all the Republicans' fault. It was their fault + the "Independent." And Democrats are not owned by corporate interests (You didn't say it, but by bringing it up with Lieberman, it is certainly your unstated premise) ... LOL!!!!!!! Despite having some Republican support for even the cap and trade bill, it the minority party, written off just months ago as in complete disarray, with the conservative movement practically dead, is who gets the lion share. Let's face it, even the most "liberal" Republicans were not on board. That should be an eye opener for anyone who is not so extreme to the left. Maybe the Republicans deserve the lion's share of blame for why the Democrats were "owned" by union interests in the bill? P.S. Unions are essentially corporations.

Paralithodes says

LOL!!!!!!! Despite having some Republican support for even the cap and trade bill, it the minority party, written off just months ago as in complete disarray, with the conservative movement practically dead, is who gets the lion share. Let’s face it, even the most “liberal” Republicans were not on board. That should be an eye opener for anyone who is not so extreme to the left. Maybe the Republicans deserve the lion’s share of blame for why the Democrats were “owned” by union interests in the bill? P.S. Unions are essentially corporations.

huh? I thought we were talking about health care. Not sure what you are even saying here other than putting words in my mouth again at the beginning.

"huh? I thought we were talking about health care. Not sure what you are even saying here other than putting words in my mouth again at the beginning."

Fair enough. I accept that you do not pin ALL the blame on the Republicans (and one I). But did you, or did you not, pin most of the blame on the Republicans? I think it's ridiculous. The Dems could not get it together and they could not even get the more "liberal" Republicans to support it. You commented that Lieberman is owned by corporate interests. I responded that the Dems are as well, which is why they were willing to - IN THE HEALTH CARE BILL, screw non-union companies, including picking on the small 5-person remodeling/contractor companies (your local guy with a pickup or van and a small crew doing small to medium size renovations): because they're "owned" by union (corporate) interests.

Paralithodes says

tatupu70 says

Paralithodes says

The defense budget is approximately 20% of our budget (probably less in future budgets either by cuts or growth in entitlements and debt interest). But your point is important: Very few of the other “1st world” countries spend nearly as much on defense … because they know that WE are their ultimate defense. I guess one could consider it a re-distribution of wealth….

I agree with oakman. The defense budget is approximately 50%+ of our budget, and will have to be cut drastically to balance our budget.

The defense budget is NOT 50%+ of our budget. It is about 20% (plus or minus a few). There is a larger, separate portion of our budget that goes towards military retirement and medical care, but that is considered non-discretionary, just like social security and other “entitlements.” It cannot just be cut from one year’s budget to the next like current personnel strength levels and materiel acquisitions. If you want to talk about cutting the retirement/medical entitlement part of it, fine, but let’s then talk about cutting ALL entitlements (Social Security, Medicare, etc.) without specifically and only picking on the folks who probably did the most to actually earn theirs by actual service to their country. Why would you want to cut non-discretionary entitlements to military retirees/veterans but not all other citizens? I do not believe that you do, and that’s why it’s important that you learn how the budget works and what it is comprised of before proposing such general statements.

You are mixing apples and oranges. Social security and medicare are budgeted and taxed (fica) separately from the general budget. These programs currently run a surplus which is turned over to the general budget for what amounts to an IOU that can't possibly be paid. Which also refutes your post about medicare (fica) taxes not paying for medicare. They currently do. They will not in the near future. An honest assessment of the situation is that a huge chunk of future baby boomer social security and medicare funding has been stolen to pay for defense since Reagan took office.

Depending on how much you want to dig into the various departments budgets a case could be made that defense is over 60% of the federal (general) budget. The next largest item is medicaid followed by interest on the debt. What is left over, well less than 20% depending on how you finagle the defense numbers, covers everything else.

The decision to report the budget this way using an arrangement of mixing and matching where revenue is collected in two streams, income (personal and corporate) tax and fica, while expenditures are lumped together is a very conscious decision by lawmakers. It hides the true cost of defense as well as medicare and interest on the debt. More importantly, reporting this way allows Social Security and Medicare over collections to be thrown into the general fund without truly having to account for it.

bob2356 says

Depending on how much you want to dig into the various departments budgets a case could be made that defense is over 60% of the federal (general) budget.

The FY11 Defense budget is proposed at approximately $550 Billion. Are you saying that the entire Federal budget is under about $1.1 Trillion? What is your evidence that the "defense" budget is over 60%? Or are you using the term "general" budget to refer ONLY to the *discretionary* portion of the budget? If so, then you are re-interpreting my response to look like apples and oranges simply at your own discretion to make a point: Not quite an "honest assessment" when my response was to someone claiming that the "defense budget" was over 50%.

As far as defense *stealing* from social security and medicare to pay for defense: LOL... Do you have any specific, objective links, showing that defense specifically "stole" from these programs? Social security was originally set up as a voluntary, temporary program under FDR to begin with, or at least it was advertised as being so. Budget projections for both programs dwarf any claim you could have that defense "stole" their money. They also make irrelevant whether I am wrong by a few years regarding *when* the programs pay for themselves or don't. In the best case, as you admit, they will not within a few years.

Debt and socialism are a toxic mix (think Obama).

History is littered with examples showing that socialism kills enterprise...comrade.

Lets do the same thing but expect a different result - hahahaha. Dumb and dumber, or would you call that "double dumb"? How about "dumb squared".

Nomograph says

AdHominem says

I would rather have maximum control over my health care rather than little to none. If we have a public health care system (funded by me a taxpayer) my taxes will confiscate a great portion of the money I could use to seek the care of MY choosing. It is not just about fairness (eg who gets what kind of care) it is about freedom. Freedom to use my income as I see fit and seek the medical and/or alternative of my OWN choosing.

That sounds neat-o on paper, but it simply doesn’t work in reality. If you become seriously ill, you can’t afford your own medical care. You will be bankrupted overnight and become completely dependent on the state.
In human society, the young, strong, and healthy are forced to care for the very young, the very old, and the infirmed. It’s just the way human societies are, be it in a cave or in Manhattan. You were cared for when you were very young, but you just don’t want to shoulder your share of the burden now, although you will accept society’s care again when you age.

Yeah, it simply doesn't work in reality. Unless you are in a place like Singapore.

Let's assume you are right. Why doesn't it work in reality?

AdHominem says

Let’s assume you are right. Why doesn’t it work in reality?

theoakman says

Nomograph says

AdHominem says

I would rather have maximum control over my health care rather than little to none. If we have a public health care system (funded by me a taxpayer) my taxes will confiscate a great portion of the money I could use to seek the care of MY choosing. It is not just about fairness (eg who gets what kind of care) it is about freedom. Freedom to use my income as I see fit and seek the medical and/or alternative of my OWN choosing.

That sounds neat-o on paper, but it simply doesn’t work in reality. If you become seriously ill, you can’t afford your own medical care. You will be bankrupted overnight and become completely dependent on the state.
In human society, the young, strong, and healthy are forced to care for the very young, the very old, and the infirmed. It’s just the way human societies are, be it in a cave or in Manhattan. You were cared for when you were very young, but you just don’t want to shoulder your share of the burden now, although you will accept society’s care again when you age.

Yeah, it simply doesn’t work in reality. Unless you are in a place like Singapore.

The reason that it doesn't work in reality is that you can't afford your own medical care. You will be bankrupted overnight and become completely dependent on the state...

Paralithodes says

bob2356 says

Depending on how much you want to dig into the various departments budgets a case could be made that defense is over 60% of the federal (general) budget.

The FY11 Defense budget is proposed at approximately $550 Billion. Are you saying that the entire Federal budget is under about $1.1 Trillion? What is your evidence that the “defense” budget is over 60%? Or are you using the term “general” budget to refer ONLY to the *discretionary* portion of the budget? If so, then you are re-interpreting my response to look like apples and oranges simply at your own discretion to make a point: Not quite an “honest assessment” when my response was to someone claiming that the “defense budget” was over 50%.
As far as defense *stealing* from social security and medicare to pay for defense: LOL… Do you have any specific, objective links, showing that defense specifically “stole” from these programs? Social security was originally set up as a voluntary, temporary program under FDR to begin with, or at least it was advertised as being so. Budget projections for both programs dwarf any claim you could have that defense “stole” their money. They also make irrelevant whether I am wrong by a few years regarding *when* the programs pay for themselves or don’t. In the best case, as you admit, they will not within a few years.

You either don't know how the federal government budgeting process works or are being willfully ignorant and didn't read what I wrote. The budget of the defense department is far far from the total amount spent on defense. Here is a link that gives some of the layout of how much defense really represents in the budget.
http://www.warresisters.org/pages/piechart.htm
There are many other articles out there that document the same things so it's not single source. The records are public. If you don't believe anyone's numbers then go look up the information yourself.

There is no discretionary/non discretionary budget. There is THE BUDGET and there is ss/medicare. Politicians lump them together as one entiity to obscure the true spending in each part.

Like the article says, like I said, like many other people have said ss and medicare are separate funding and spending entities from the general federal budget which is paid for by income taxes. I thought I made that clear. Did you actually read what I wrote.

Every year since the Reagan tax cuts the general federal budget has run a deficit. Every year congress takes social security and medicare revenue that is in excess of required for current year spending (over payments that should have been invested for later payout) and moves it to the general federal budget to cover the shortfall. Congress then issues a special bond that can only be repaid by the federal government and gives it to ss/medicare to be paid back from the general budget at a later date. Since there is no way this money can actually be repaid I would call it theft. Whatever semantic device you care to use is up to you. Since anywhere from 40-60% of the federal budget is defense then 40-60% of the money stolen/removed/borrowed/whatever from the ss/medicare program went to defense. This has been going on for 30 years, I'm very surprised you are not aware of it.

These special bonds currently stand at 2.4 trillion dollars. I don't know your economic situation but to me 2.4 trillion is serious money. Because of this huge amount of money owed to the ss/medicare programs they will start running into a cash shortfall around 2020. The entire social security (I couldn't find medicare broken out) shortfall for the 75 year projection is 5.9 trillion so just having the money STOLEN from ss would cover almost half the shortfall for the next 75 years. Simply having fica paid on all income instead of the first 106,000 would make up a big part of the rest. It's ironic that a couple married school teachers making 53k a year each pay the exact same amount in fica every year as a ceo making 50 million.

The amounts of shortfall to the fund can hardly be considered to dwarf the amounts owed to the fund. Putting medicare and ss back on a fiscally sound basis would have been very doable if this huge debt wasn't hanging over the entire system.

Actually, Nomo, I was quoting you after using your quote. I was going for reality with a hint of sarcasm (just one of the many services that I offer).

bob2356 says

I thought I made that clear. Did you actually read what I wrote.

No. Obviously. But that's nothing new.

Nomograph says

First off, I’m not interested in being right; the reality is that what you describe does not work.

That's what's wrong with some of ya'll. You don't care about being right. You would rather be informed and enjoy discourse with others here. I've noticed that you welcome opposing opinions as long as the post is about the subject and not a poorly disguised attack on your character. And when someone attacks you personally (even though they're attacking a guy they've never met who posts on an anonymous forum), you don't rise to the bait.

The healthcare debate is difficult to understand. There are the opinons of people who have no health problems, whose family members are relatively healthy, and who don't work in the healthcare field. They can't fathom the system and its rush to deny benefits while reaping huge financial rewards - and they often rush to judgement of those who need improved access to healthcare. Then there are the opinions of those people who have personally experienced the failures of the system, who have serious healthcare concerns or family members who are struggling through the system.

Then there are those of us who work in the system and see the system fail our patients day in & day out. We see people who have refused to "let go" at a huge cost, and people whose disease processes could easily have been staved off if only the had been able to access affordable healthcare from the start. The worst is when people die from a lack of access to affordable healthcare. Yes, it happens - and quite often. Even once is too often.

Before I hop off my soapbox, I'd like to add that I don't understand when people lack compassion for those with what they determine to be "lifestyle" diseases. Some people think that smokers, or drinkers, or people with risky behaviors don't deserve the same healthcare as those people who have tried to remain healthy. I don't blame miners for black lung disease, or the downwinders for their cancers, or people with asbestosis for working in an industry that exposed them to carcinogens any more than I blame a child who gets lead poisioning from exposure to lead paint. Nor do I blame people with AIDs or an STD for their diseases, just as I don't blame people with Lupus or RA for their diseases.

My point is that I've never met anyone who said, "I'm going to kill myself today by engaging in risky beheaviors." I only see people who need help and don't have thousands of dollars to pay for treatment. I see people who are suffering and need help, and a for-profit system that benefits from denying treatment to those who need it the most.

We can't create compassion for people who lack it. We can only hope that they never get sick or hurt and find that the system that they champion will turn its back on them so fast it'll pop out one of their discs - and they won't be able to afford treatment for that either.

In the meantime, we will continue to suffer thru their boorish, uninformed posts and hope that the clinic in Oil City is able to treat their infected splinter after they attempt to chop wood. 'Cause if they end up losing a digit, that's a pre-existing condition...

bob2356 says
Every year since the Reagan tax cuts the general federal budget has run a deficit.

At the end of FY97 the national debt held by the public was:

09/30/1998 $3,733,864,472,163.53

with an additional $1,792,328,536,734.09 held by the various govt trust funds.

09/30/1999 $3,636,104,594,501.81 $2,020,166,307,131.62

09/29/2000 $3,405,303,490,221.20 $2,268,874,719,665.66

09/28/2001 $3,339,310,176,094.74 $2,468,153,236,105.32

So during Clinton's second term the national debt was actually paid down almost 10%.

Congress then issues a special bond that can only be repaid by the federal government and gives it to ss/medicare to be paid back from the general budget at a later date. Since there is no way this money can actually be repaid I would call it theft.

"can't repay" is a lie rich people pay the media to tell. Rich people have saved up a very large amount of money since the Greenspan deal of 1983. That was the entire plan -- cut taxes on the wealthy and raise them on FICA payers so when the FICA payers started retiring the wealthy would have the savings to pay everyone's way.

This has worked pretty well!

Since anywhere from 40-60% of the federal budget is defense then 40-60% of the money stolen/removed/borrowed/whatever from the ss/medicare program went to defense.

This is entirely accurate.

Because of this huge amount of money owed to the ss/medicare programs they will start running into a cash shortfall around 2020.

Actually, due to the shitty economy they're hitting their first annual shortfall right now. This is kinda bad because for the first time since Reagan Social Security is becoming an on-budget expense instead of credit (? I think my terminology here is right).

The entire social security (I couldn’t find medicare broken out) shortfall for the 75 year projection is 5.9 trillion

Nice graph of the trust fund spend-down:

Medicare is a joke. Part-D alone added $17T in unfunded mandate. Medicare in total is a $90T hole for this century:

http://www.ncpa.org/pdfs/ba662.pdf

Putting medicare and ss back on a fiscally sound basis would have been very doable if this huge debt wasn’t hanging over the entire system.

yup. The Bush tax cuts were a spectacular failure.

Paralithodes says

The FY11 Defense budget is proposed at approximately $550 Billion.

Maybe on Conservativeplanet. Here on Planet Earth:

"Obama seeks record $708 bln in FY11 defense budget"

http://www.reuters.com/article/idUSN0118167420100201

Troy says

Medicare is a joke. Part-D alone added $17T in unfunded mandate. Medicare in total is a $90T hole for this century:

http://www.ncpa.org/pdfs/ba662.pdf

NCPA's article isn't very objective or informative. For example it isn't at all clear why are they mixing income tax rates with the ss/medicare shortfalls. Fica is the payment vehicle for ss not income taxes. Here is a slightly dated article about ss alone, although you are correct that medicare has bigger problems. It is much smaller program at this time however. Anyway it's a much more clear article on the subject, including an explanation of the financial slight of hand called "infinite projection" that essentially projects the shortfalls into forever. This is how critics come up with such horrific projections.
http://www.factcheck.org/article302.html

Clinton reduced the actual federal debt by 360 billion out of 5.7 trillion. That's less than a single years interest on the debt. Your "various government trust funds" which went up while publicly held debt went down are called social security. Moving the debt numbers from one column to another isn't reducing anything since that money will eventually have to be used to actually write real social security checks to real people.

I'm not denigrating Clinton's financial accomplishments. He did an amazing job of starting a process of fiscal responsibility that was simply destroyed by bush. But these accomplishments must be seen in the light of a booming dot com bubble which pumped up the revenues.

Troy says

“can’t repay” is a lie rich people pay the media to tell. Rich people have saved up a very large amount of money since the Greenspan deal of 1983. That was the entire plan — cut taxes on the wealthy and raise them on FICA payers so when the FICA payers started retiring the wealthy would have the savings to pay everyone’s way.

What in the world are you talking about?

bob2356 says

Clinton reduced the actual federal debt by 360 billion out of 5.7 trillion. That’s less than a single years interest on the debt.

The way I look at it, which is kinda idiomatic I admit, is that the trust fund debt is forced savings, not debt. The FICA payers' accumulated surplus is savings in the safest asset -- the US gov's ability to tax wealth.

IOW, OASDI surplus represents OVERtaxation, while the general fund deficit is simply UNDERtaxation. These meet to create the total unified national debt, but if we only had an OASDI surplus held in government debt we wouldn't have any problem.

What in the world are you talking about?

In 1983 Greenspan and Reagan got Congress to raise FICA taxes and lower income taxes. Since FICA contributions have been capped to the middle class and below, and the general L-curve of income is weighted towards the high end (approximately half of income in the US goes to the top 20% who earn above the FICA limit), FICA contributors and the upper quintile taxpayers have been largely disjoint populations.

Some of the wealth currently held by the upper quintile was kept in that quintile thanks to the Reagan tax cuts, and the $2.5T in govt assets held in trust for FICA payers is due to the Greenspan plan.

As of Q309, the private sector has a net worth of $53.4T, most of it held by the top 5% of the country. While the economics of this are messy, if we are going to fix things we are going to have to harvest some of that private wealth through increased taxation to cover the costs of the government-administered pension we call SS.

Nomograph says

if you get seriously injured or ill you will simply perish without the help of your fellows.

No the idealogy you want to force on us is that WE WILL PAY YOU (a physician) TO "take care of us" or we will be put in prison. You want to FORCE me to not perish, by FORCING my "fellows" to pay for my "care".

Nomograph says

the masses of healthy and able-bodied people take care of them. That is how human society evolved.

right you are, and we didn't need uncle sam or big brother for that.

I fully agree that it is the responsibility of you and me (and especially ellie) to take care of those around us who we find in need. We just need to find a way to do it in a voluntary fashion. Federal interference is not the answer.

elliemae says

Then there are those of us who work in the system and see the system fail our patients day in & day out.

Excuse me ma'am. The system we have now needs a lot of work. But I work in the health care field as well. And I can assure you the system works for the vast majority of my patients.

Nomograph says

First off, I’m not interested in being right;

Nomo make a joke, or tries to be humble. Not sure which.

Nomograph says

the reality is that what you describe does not work.

Nom says, he is not interested in being right. But if you have a different viewpoint you are wrong.

AdHominem says

I fully agree that it is the responsibility of you and me (and especially ellie) to take care of those around us who we find in need. We just need to find a way to do it in a voluntary fashion. Federal interference is not the answer.

Yes, and if you think that would actually work in practice, then I have a bridge to sell you...

AdHominem says

Excuse me ma’am. The system we have now needs a lot of work. But I work in the health care field as well. And I can assure you the system works for the vast majority of my patients.

Just not as many as in any other civilized nation.... But, we are better than Haiti last I checked. I guess that's good enough for Ad Hom.

tatupu70 says

AdHominem says

I fully agree that it is the responsibility of you and me (and especially ellie) to take care of those around us who we find in need. We just need to find a way to do it in a voluntary fashion. Federal interference is not the answer.

Yes, and if you think that would actually work in practice, then I have a bridge to sell you…

Yeah, before medicare and medicaid the leading cause of death was "lack of compassion." I'm sure glad we have compassionate big brother, aren't you Winston?

AdHominem says

elliemae says

Then there are those of us who work in the system and see the system fail our patients day in & day out.

Excuse me ma’am. The system we have now needs a lot of work. But I work in the health care field as well. And I can assure you the system works for the vast majority of my patients.

I can only assume that's because your patients have a payment source. No money, no treatment. Doesn't work for those patients.

AdHominem says

elliemae says

Then there are those of us who work in the system and see the system fail our patients day in & day out.

Excuse me ma’am. The system we have now needs a lot of work. But I work in the health care field as well. And I can assure you the system works for the vast majority of my patients.

On any given day the vast majority of my patients are on Medicare and Medicaid, you know, the kind of patients private health insurance would never want to take on cuz they cost too much damn money, so given the sorry state of Medicare and Medicaid I'd say the system is broken.

Just qualifying for Medicaid is damn hard & degrading. Ditto for Medicare if you're disabled.

Gotta love a system that rewards Big Pharma with Medicare Part D plans that pay full price for medications while private insurances negotiate rates for the same medications. And it rewards Big Insurance with Medicare Advantage plans while patients receive denials and providers' reimbursement rates plummet.

The problem isn't with Ad homo's patients. It's with those people who lack the funding to become his patients, whatever he does. It's those who can't access treatment to begin with. Those he'll never see, because he doesn't have to.

elliemae says

Gotta love a system that rewards Big Pharma with Medicare Part D plans

When the administration proposed this my economics understanding was rather incomplete and I didn't understand their angle.

Now it's clear that this is both a bennie to seniors (they vote!) and a $50B/yr spiff to big pharma. Beautiful politics, shitty policy.

Troy says

elliemae says

Gotta love a system that rewards Big Pharma with Medicare Part D plans

When the administration proposed this my economics understanding was rather incomplete and I didn’t understand their angle.
Now it’s clear that this is both a bennie to seniors (they vote!) and a $50B/yr spiff to big pharma. Beautiful politics, shitty policy.

Even tho it's a benefit to seniors, the plan itself leaves so much to be desired. The "donut hole" mandates that seniors spend thousands of dollars each year in medications anyway. It seems to be more of a way to give the appearance of helping with meds rather than actually helping with them. With the purchasing power of millions of seniors, the Medicare Part D program could be saving half of the current charges - and cut the periods of non-coverage.

The part D plan isn't about helping as much as it's about preserving the interests of Big Pharma, which makes huge donations to both sides of the aisle. It's bullshit - lower income seniors still have to choose whether they want meds or food.

The crazy thing is that we are paying hundreds of millions of dollars in "oversight" to make sure that seniors' denials are appropriate. In my career, I've only seen a handful of successful appeals.

elliemae says

The reason that it doesn’t work in reality is that you can’t afford your own medical care. You will be bankrupted overnight and become completely dependent on the state…

Lets assume you are correct. Why can't I afford my own health care?

AdHominem says

Why can’t I afford my own health care?

Because housing is taking 50+% of your paycheck.

Without insurance a mandated expense, rents and home-buying budgets will simply eat that money.

This is irrefutable --housing is everyone's dominant expense and it expands to suck every dollar of disposable income not nailed down.

Same thing with old age pensions. OASDI is a mandated pension / forced savings program and it has worked very well.

Additionally, in an unregulated market, big insurers will drive out little guys, leaving them pricing power (and worse) over consumers.

An unregulated and optional medical insurance market is a f---ing joke. Every civilized society on the planet has figured this out, but people who are either ideological idiots, have vested interests, or both (like you) are fighting tooth and nail for our broken status quo.

Your assessment that housing is consuming too large a portion of income may be correct in part.

However the question for you then is why is housing so expensive?

The question for ellie remains. Why can't I afford my own care?

AdHominem says

However the question for you then is why is housing so expensive?

-9.8 m/s2, basically. Housing isn't what's expensive, it's the land, and gravity ties us to it.

The US has plenty of land but all the productive land was handed out a century or three ago. Wealthy people now own most of it, of course, and they aren't selling. No matter who you are there's always a better school, nicer neighborhood, bigger house, better view that is desirable -- housing is a unique good in that supply of the good stuff is completely fixed, and the higher density we develop the land the lower the utility its neighbors have.

We will always bid up land to the point of unaffordability. It is in our natures.

As I argue here like a broken record, mandating health insurance so it does not appear in our after-tax wages is a very good mechanism for getting health insurance for free in the long run, as household discretionary income inevitably ends up in rents and land values.

Troy says

We will always bid up land to the point of unaffordability. It is in our natures.

I don't know of this being true historically. But, I do tend to agree that people WILL do what they can get away with. Meaning: if there are no consequences to negative behavior it will reinforce bad behavior.

So when the PtB lobby to create a central bank that allows them to make foolish (high risk) investments in order to create excessive profits for them while socializing the risk to the taxpayer/currency holder they have created the scenario for prices rising beyond the public's ability to pay.

If you search for the true source of housing's excessive price it is the "money" supply (under the control of the FED) that you will find. Market price is based on supply and demand. The FED has increased the supply of money and credit excessively causing "irrational exuberance" when interest rates dropped and remained low (by decree of the FED rather than free market setting interest rates). The excessive and expanding supply of money started chasing the limited supply of land.

Thomas Jefferson was right. “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” -Thomas Jefferson

And by arguing for increased federal interference in medicine you are arguing FOR the bankers and FOR the corporations that have grown up around the banks, (Goldman, Pfizer, HealthNet etc..)

We can't begin to cure the disease until we have a correct diagnosis. Your point of view blames land owners. Which is unfair and biased at best. In fact it doesn't matter to PtB who owns the land, if they are the ones controlling the currency the land is "valued" and traded in.

"Give me control of a nation's money
and I care not who makes the laws." Mayer Rothschild

I am sure he would not mind my adding, I care not who "owns" the land.

Money supply doesn't matter. Georgism predates the Fed by a generation and Henry George, running on his single tax platform, nearly won the mayorship of NYC in 1886.

And by arguing for increased federal interference in medicine

The question becomes one of government competence. Perhaps you are right and we the people can't have as good a government as other nations. How sad.

Your point of view blames land owners. Which is unfair and biased at best.

Bullshit. The economics of the land question are airtight. Your saint Jefferson even agrees:

Another means of silently lessening the inequality of [landed] property is to exempt all from taxation below a certain point, and to tax the higher portions or property in geometrical progression as they rise.

--Thomas Jefferson

Men did not make the earth.... It is the value of the improvement only, and not the earth itself, that is individual property.... Every proprietor owes to the community a ground rent for the land which he holds.

--Tom Paine, "Agrarian Justice," paragraphs 11 to 15

Ground rents are a species of revenue which the owner, in many cases, enjoys without any care or attention of his own. Ground rents are, therefore, perhaps a species of revenue which can best bear to have a peculiar tax imposed upon them.

--Adam Smith

Landlords grow richer in their sleep, without working, risking, or economizing. The increase in the value of land, arising as it does from the efforts of an entire community, should belong to the community and not to the individual who might hold title.

--John Stuart Mill

Georgism at its purist is entirely libertarian in philosophy and practice.

http://geolib.com/essays/sullivan.dan/royallib.html

You give me Georgism and I'd be tempted to agree that we wouldn't need Big Government.

Troy says

Georgism predates the Fed by a generation

that is why it is dated. Georgism can't solve the problem of the FED and the corporations that grew up around it.

Troy says

Money supply doesn’t matter.

Isn't that what Dick Cheney said? (in a roundabout way)

Can we put that on your tombstone so there will be laughter amid the tears?

AdHominem says

Georgism can’t solve the problem of the FED and the corporations that grew up around it.

true enough. Which is why I'm a left-libertarian and not pure libertarian.

Troy says

AdHominem says

Georgism can’t solve the problem of the FED and the corporations that grew up around it.

true enough. Which is why I’m a left-libertarian and not pure libertarian.

Congrats on choosing a nice label for yourself. But it doesn't solve the problems of the day, many of which are due to the FED and the corporatism it enables.

"money supply doesn't matter" -Troy

"Money supply doesn't matter" when talking about land scarcity and the unaffordability of land, no. Land will suck up ALL the money in the system, whether you print more or not.

Winston Churchill was describing the economics of land and speaking for the single tax program when the UK was astride the world and his nation had been solidly on the gold standard for almost 100 years.

http://www.landvaluetax.org/current-affairs-comment/winston-churchill-said-it-all-better-then-we-can.html

But it doesn’t solve the problems of the day, many of which are due to the FED and the corporatism it enables.

You've clearly got a Fed fixation that is clouding your appreciation of the true situation.

The problem is big money. This will exist Fed or no Fed. While left-libertarianism may not be enough to take it down, it's the best approach I've been able to find, and tends to work well where tried (post-war Japan, the Eurosocialists, Alaska).

As for Georgism itself, I consider it "necessary but not sufficient", though I am willing to be proved wrong about the latter proviso.

AdHominem says

elliemae says

The reason that it doesn’t work in reality is that you can’t afford your own medical care. You will be bankrupted overnight and become completely dependent on the state…

Lets assume you are correct. Why can’t I afford my own health care?

This topic has been beaten to death - yet here we go again:

http://www.washingtonpost.com/wp-srv/politics/documents/american_journal_of_medicine_09.pdf

http://www.wowowow.com/politics/got-serious-illness-you-may-go-bankrupt-your-medical-bills-312694

In fact, in 2007, of those who filed for bankruptcy, about 80 percent had insurance. Consider these numbers: In 2007, medical problems contributed to 62.1 percent of all bankruptcies, and during the six years prior, the proportion of all medical-related bankruptcies rose by about 50 percent. Many others had to file because they lost much of their income due to illness, or mortgaged a home to pay their doctor’s bills. And these people aren’t poor — most, in fact, were well-educated, middle-class homeowners.

The Washington Post has the full study here. The New York Times notes that the health problems that left patients with the most out-of-pocket expenses were:

Neurologic (i.e., multiple sclerosis): $34,167
Diabetes: $26,971
Injuries: $25,096
Stroke: $23,380
Mental illnesses: $23,178
Heart disease: $21,955

The amounts are out-of-pocket expenses, not total expenses. Diabetes can cost as much as $1,000 per month, not counting the misc extras.

elliemae says

The amounts are out-of-pocket expenses, not total expenses. Diabetes can cost as much as $1,000 per month, not counting the misc extras.

I didn't mention the hospitalizations that can occur. And kidney failure; dialysis is very expensive. So is a transplant.

For the general healthy person, healthcare is an afterthought. However, any disease or medical condition can become huge and costly.

Then, there's the bizarre situations, the once in a lifetime ones. Like becoming impaled on a fence or object, or a spider bite that becomes infected and the next thing you know you've got necrotizing fasciitis (flesh eating bacteria), or being run over by a herd of wildebeests, or having your computer explode and geting a sharp fragment in your eye causing blindness...

"You either don’t know how the federal government budgeting process works or are being willfully ignorant and didn’t read what I wrote. The budget of the defense department is far far from the total amount spent on defense. Here is a link that gives some of the layout of how much defense really represents in the budget.
http://www.warresisters.org/pages/piechart.htm
There are many other articles out there that document the same things so it’s not single source. The records are public. If you don’t believe anyone’s numbers then go look up the information yourself.

There is no discretionary/non discretionary budget. There is THE BUDGET and there is ss/medicare. Politicians lump them together as one entiity to obscure the true spending in each part. "

Wow, you post a left-wing site that intentionally distorts things to support your point. What a surprise!
You deny there is such thing as "discretionary" and "non-discretionary," which shows your own ignorance of how things work.

But the the most telling of all is this, from your own link: "“Past military” represents veterans’ benefits plus 80% of the interest on the debt."

Therefore, we can only conclude that when you want to cut the "defense budget," you are calling for cutting the retirement and medical benefits of veterans! Thanks for clearing that up! Cut general social/socialistic entitlements? No way - that would be the "rich" soaking the "poor." Cut benefits to veterans? Has to be looked at as part of the whole "defense budget," although no one except leftwingnuts refers to all these other things as the "defense budget."