Comments on: U.S. Heading For Financial Trouble?

Comptroller Says Medicare Program Endangers Financial Stability

[seachurn]

Don't worry. Get old. Be happy. Die in poverty. It's the American way.
Posted by random_radar at 05:47 PM : Mar 01, 2007

That was perfect.

[random_radar]

America isn't going to declare bankruptcy. All the government has to do is issue more money to pay its bills. Of course, creating more money dilutes the value of existing money. That means the value of everyone's investments diminishes.

So the bottom line is that the government can pay for everything by devaluating the currency and robbing you of your savings and investment. Since most of the wealth is owned by the older generation that has been around to accumulate it, that means old folks will actually finance their own benefits by losing all their equity to inflation.

So what goes around, comes around. The government will take care of the baby boomers by robbing them of everything they worked all their lives to accumulate. The younger generation that has to care for them will be paid with the elderly's assets indirectly. It all works out in the end.

Don't worry. Get old. Be happy. Die in poverty. It's the American way.

[Syndicate]

The amount of money in the US is mind boggling. Think about all those brand new $300,000+ houses they just finished building. Think about all those older americans who bought their houses for $20,000 40 years ago. Watch the freeway for a couple minutes and place a value on each car and big rig that passes you. how long does it take you to get to a million dollars? I know we have about a 6 trillion dollar debt and we have huge trade deficits but what is the value of everything in america? 100 Trillion? 200 trillion? A quadrillion? And who do we buy medical care from anyway? The Indians? The Chineese? NO. We buy it from ourselfs. So like so many things anything spent on healthcare has a multiplier effect through the economy. You pay the doctor who then spends his money that pays someone else and so forth with the goverment collecting a little everytime the money changes hands. By 2040 health care will be so cheap you won't need insurance. They say human knowlege doubles every two years. So by 2040 we should be 2 to the 16 th power (about 65,000) smarter.

[macusweil]

With the GOP spending our tax money under Bush like Tax and Spend Liberals of lore only with out the tax part to pay for it!!

It's only a matter of time before the collection agencies start calling. (You know our dear friends in China and Saudi Arabia who like us so much it hurts!!)

Soon foreign investors will soon control our ports and own our roads too. All our manufacturing will have been exported so we can pretty much resign ourselves to being a debtor nation subservient to rich overseas interests.

[xfredmenzies]

Another hack job by CBS, the network that makes millions of dollars by showing ads for prescription drugs. Medicare is bankrupting the government? How about this Iraq War?

[roach9703]

With the trade deficit over 6% of G.D.P. and all these pension promises we cannotkeep, don't we look like Argentina in the 1990s? Just think, we could be under U.N. / I.M.F supervision. Now how much fun is that?