Sunday, February 27, 2011

Educating POPS is a Hard Job

Gouging the consumer is not the same as capitalism. The health care industry sets its own rates to maximize profits at the expense of the consumer. Most industries, such as utilites, are heavily regulated by the government. Utility rates must be fair for the consumer and allow for a reasonable profit. A practice of government review of health care rates would stop the current extortion practices imposed on the American people by the health care industry.

Sunday, February 20, 2011

POPS, I'm Outraged!

You are assuming an individual is nothing more than an irresponsible vagrant if they don't have health insurance. This is the furthest thing from the truth. Many Americans cannot afford or are denied coverage for a number of reasons. To say coverage is available to all Americans is preposterous. The health care industry sets the rates and the rules to maximize profits. As you well know, the main reason for bankruptcies in America is health care costs. This situation does not exist in any industrialzed country in the world except America. No one in America should be denied health care for any reason. I see no reason to comment on the new health care law. I have no proof the law will harm the financial condition of America. It may not be perfect, but is a step in the right (or left) direction.

Wednesday, February 16, 2011

Government Accounting

Government accounting is not the same as accounting for a business. The difference is government outlays are immediatley expenced and don't reflect the underlying asset. For example, the total cost of a new bridge is expensed right away thereby increasing the deficit. The underlying bridge asset may be in use for the next fifty years but this is not reflected in government accounting. The deficit reduction proposed by the parroting R is political theature destined to ruin America. America need more investment and not less. The deficit will be reduced once people are put back to work.

Monday, February 7, 2011

Global Warming

The first thing that struck me ......was the magnitude of the risks and the potentially devastating effects on the lives of people across the world. We are gambling the planet.

Sir Nicholas Stern, British economist, House of Lords

Friday, February 4, 2011

The Deficit

I have no idea how reducing the deficit will restore the economy. The lockstep marching by the R, Tea Baggers and religious right is nothing more than idiotic posturing. The unfortunate problem is these folks are convinced that reducing the deficit will somehow restore the economy. Never mind there is no proof this is true, but don't argue with the facts. The economy needs more investment by the government to create jobs, not less. The deficit will be addressed once the economy is back on its feet.