Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (685314)	11/18/2012 2:30:27 AM
From: i-node	Read Replies (3) \| Respond to of 1577162

>> We're never going to get the deficit back down to GWB levels (pre-recession) until at least a decade from now. I doubt we'll ever see deficits below current levels. No matter what they claim, the cost of Obamacare is going to spin out of control, and quickly, and these costs will be on-budget. There is no chance at all of any of us on this board living to see anything approaching a balanced budget in our lifetimes (except maybe teddy, who may only 20 for all I know). The only thing that would change that is a major economic collapse, which will come and be worse than the Great Depression; but it could happen soon, or decades from now. Given the $60 Trillion we don't have for Medicare, combined with the new costs Obamacare, either health care will become so unavailable we can't get it (in which case costs would be reduced somewhat) or the collapse comes quickly. Medicare really didn't croak until the early 90s where the costs projections were missed by 100s of percentage points. I think Obamacare is going to happen much more quickly. And meanwhile, SS is still spinning out of control. What country do you think might make a good one to escape to? I figure there are some around the world where my wife and I could spend out or days on relatively little money. Just trying to figure out where we're going to end up.I think a good nanny-state where everything's taken care of sounds good. Need something nearby so we can come back and visit the kids now & then. Let me know if you have any suggestsions ;)

To: Tenchusatsu who wrote (685314)	11/19/2012 11:55:35 AM
From: combjelly	Read Replies (2) \| Respond to of 1577162

No it isn't. We're never going to get the deficit back down to GWB levels (pre-recession) until at least a decade from now. It depends on the speed of the recovery. Certainly if we adopt Ryan's plan or Romney's plan it will be decades before we get the budget under control. The deficit has dropped every year under Obama. Partly due to spending cuts, partly due to an improving economy. Exactly. Obama and the Democrats WANT to fundamentally change how our economy operates. After all, European governments spend 40-50% of their GDP. Why can't America? Ah, falling back on wingnut talking points when you run out of arguments. Typical.