Re: Jason Collins
posted at 5/2/2013 5:33 PM EDT
In response to pumpsie-green's comment:
In response to SFBostonFan'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.
Pumpsie...I'm amazed you did not respond to my post above especially living in California although I believe our situation is pervasive in the whole US. You need not respond but in these forums some do "preaching to the choir" only but others differ with one's opinion and come back with a rebuttal, intelligent or not or at least for one's edification as it is one's opinion only. As you were in the healthcare industry, I respected your opinion below given to someone else and I feel, not only because of your professional insight, that as a patient, there is a lot of truth in it. I've copied and pasted this specific opinion below. I was in the real estate industry and in transaction when a comment was made about a situation requiring a response( again, my post did not require a response from you but you have in the past just recently about the gay issue and we differed and that's fine too) which was a contingency that if it had no response, it meant the other party accepted its content. Is that so with my post ?
No offense intended SF. The truth is that I do not read every post here. The longer ones I sometimes skip over, but its nothing personal.
I do not believe the medical system will be overwhelmed when Obamacare really kicks in. I worked for Kaiser and they have had no trouble ramping up their staffing in anticipation of the start date-according to the Chairman of the Board of Directors who I know tangentially. If Kaiser can do it, other HMOs can also do it. Better use of physician extenders such as NPs and PAs will be necessary, and yes, some care will need to be rationed. We simply cannot afford to provide everything to everybody all the time. Medical care is just too expensive: its breaking the bank. My hope is that Obamacare as is currently written is subject to tweaking to make it better-not perfect, just better. Don't forget: the uninsured are already getting care in the ER and you know who is paying for that? You and me.
Although California is in tough shape this year, the projections I have seen are rosier. In four years we are going to have a significant surplus, if the projections are right. We'll see. I do not share the same pessimistic viewpoint others here have of a government collapsing under its own weight. Its not going to be great, but you cannot have a group of citizens in a civlized society who do not have even a chance of success-IMO.
And yes, the Republicans are doomed unless they become more inclusive-for exactly the reasons you cite. They didn't just lose the last election: they got killed. I admit I like the conservative financial policies they espouse, but on social issues, they stink. If they have any hope of winning elections of significance in the future they will need to become more inclusive. Sticking to the same outdated social policies is a prescription for failure for them.
As for you having to dip into principal for living expenses: you are 75 years old! I like Errol Flynn's suggestion. The last thing you want to do is die rich!
Pumpsie---thank you for a very insightful and intelligent response and most appreciated because of your professional background. And I am in agreement with much of your response. I joined the VA 10 years ago when I was 65 but only to get prescriptions at a reduced co-pay. As I have had a relationship with Doctors some for over 30 years I've kept it and had Blue Shield paying 80% and me 20% prior to medicare. But now on Medicare and with a supplement plan, my medical costs are paid 100%. Here's what is going to happen, however, as some of my 30 year relation Doctors are in their 80s and near retirement. Finding new Doctors might not be easy as many will not accept Medicare. Also, many Doctors can't sell their patient lists as younger doctors don't want to deal with office costs, secretaries, answering services and most, important, malpractice suits. Just 10 years ago at the VA, which is like an HMO, bright young doctors would stay 6 months and do their residency/intership & then want to move on to private practice. My last 2 doctors at the VA are in their late 20s and are Yale & Harvard grads who tell me they are happy to make a career at the VA &, albeit, may not make as much as a Beverly Hills doctor, but don't want to deal with reduction in Medicare reimbursements, office costs, malpractice & all the paperwork. Many of my Vet friends liked to stay with their Doctors outside the VA but I now have gone to their ER room, have had Lab work, Xrays, MRIs & hearing tests and free hearing aids and I'm very happy with the service. When my doctors retire, I'm probably going to the VA 100%. Don't know if you know but they have a relationship with UCSF if a patient needs specialized treatment & UCSF Doctors are on call for such. Anyway, I got off on a tangent here "mea culpa" and for me Obamacare is not a factor whether I favor it or not.
I end by saying as I do with many Liberal friends with whom I disagree, remember we are all Americans and I say too, irrespective of opinion differences, we, or most of us here, are Boston team fans !