Re: Jason Collins
posted at 5/2/2013 12:04 AM EDT
In response to 67redsox's comment:
In response to SFBostonFan's comment:
WOW... I really don't intend to start another politcal topic on a sports forum especially when our 3 Boston major teams won but Pumpsie lives in California as I do and I wonder his comment on my comments that follow.
Does anyone wonder why California is going bankrupt !!!
It’s not if this economy collapses but when. Because I’m going to be 75 this year, the good news is I’m probably not going to live long enough to see the disaster.
We are underfunded in almost every state, county and city in the U.S. with few exception like Texas, North Dakota and a couple of others. This infrastructure will implode. You already see it – Riverside, Vallejo, Stockton bankruptcies. The life blood of reducing unemployment is the opening of many small businesses but Obamacare will prevent many from expanding and making new hires. People are finding out that their health insurance premiums are going to double or worse. Our Medicare premiums will be higher and we will have trouble finding a doctor. There will long waits for appointments, treatments denied. As I said, and I’m not being selfish but just realistic and lucky I’m older, when I find Doctor who won’t accept Medicare, I have the VA medical services, Doctors, Labs, Xrays, MRIs, Audio, Physical Therapy & the Hospital as a backup.
When you add 20 million people to the system, most of whom will have to be subsidized, our medical system will be overwhelmed. Obama, I believe, really miscaluculated on this and Democrats like Nancy Pelosi went along. They don’t have a clue. And if amnesty gets through and we legalize 12million illegals who can vote, the Democrats will dominate every election and the Republican party is done for at least my remaining lifetime.
Pension payments to retirees in many parts of the country is sinking the public schools. They spend more $ on paying retirement benefits then they do educating the kids and it’s going to get worse before it turns around.
It unfortunately could be that the federal government will eventually default on its obligations even at today’s low rates. I’m guessing interest rates will not go much higher in a long time because the government will go into debt even faster if it does. I always wanted to live off my investments and keep the principal secure by earning a decent interest rate. Alas, I’m dipping into principal even to pay my Income Taxes, to fund vacation trips, purchase a new car etc. I may do what Errol Flynn suggested, die with $10 K in your estate having enough to bury yourself & even having your last check bounce(HA!).
Right now they pay very low rates to borrowers but to repay debt at even 3% would triple the debt service to do that. We can’t service our debt right now at a federal funds rate of 25 basis points.
Liberalism will be our downfall.
Good post, I have been saying this from the start. No one really knows what's in the 27 hundred pages of obamacare. There are many, many unelected czars who will be able to make up the rules as they go along. No one will be able to stop them. I know eventualy these progressives will be affected, they just don't want to know what's coming.
Our insurance rates have gone throught the roof already, obama said that wouldn't happen. I, like you, have the bulk of my years behind me. I'm worried about my kids and grandchildren, what will this country look like when they grow older.
Progressives love to give other people's money away. Hard working people are being vilified for being sucessful. Where do progressives think they are going to get money to give to young girls so they can get birth control?
They just don't want to remember that obama said he wants to spread the wealth. That means taking from one to give to another. Socialism at its best.
That's debatable. However, less debatable is he got elected because W-Cheney was wingnut low regulation pseudo-conservative capitalism at its worst, which largely resulted in the 2008 financial meltdown; hence Obama (He was behind in the polls before this). Without him, the DOW would have likely hit 7K a couple of yrs ago; instead, it's now soaring.