• but I did.  Wow.  

    Seriously, I am also pro-business and capitalism.  However, at some point the money has to move downhill for all the benefit in the name of fairness.  That does not mean I think a janitor should make 100/year.  It does mean he has to feed his kids as well.

  • comment on a post Pay Raises Still Barely Ahead of Inflation over 9 years ago
    It's a matter of equity.  At a time when corporate executives continue to increase their respective pay they should do the same thing for those who helped them get there.  
  • I hadn't made the connection between age, health problems, medical insurance and unemployment, but WOW.  What a hit that is....
  • until it is solved.  

    Our current system is unworkable at best.

  • I love that chart.
  • That's a good point.  Several people have offered some great criticism of that idea.  Frankly, I am not sure if it is the right answer anymore.
  • According to a recent Harvard University study:

    "To investigate medical contributors to bankruptcy, we surveyed 1,771 personal bankruptcy filers in five federal courts and subsequently completed in-depth interviews with 931 of them. About half cited medical causes, which indicates that 1.9-2.2 million Americans (filers plus dependents) experienced medical bankruptcy. Among those whose illnesses led to bankruptcy, out-of-pocket costs averaged $11,854 since the start of illness; 75.7 percent had insurance at the onset of illness. Medical debtors were 42 percent more likely than other debtors to experience lapses in coverage. Even middle-class insured families often fall prey to financial catastrophe when sick."

    Please read the whole study here:  http://content.healthaffairs.org/cgi/content/full/hlthaff.w5.63/DC1

    I understand your desire to represent MBNA, a major constituent.  However, at some point, representation of a legitimate constituent must give way to decency and respect for those who play by the rules and still wind up losing.

  • 75% of those filing for bankruptcy had health insurance.

    What a great system.

  • Thanks.  Glad to be here.
  • comment on a post Birth Tax over 9 years ago
    Republicans and their charge and spend policies.  

    The Republicans have used supply side economics to justify tax cuts for the rich since 1980.  Starting with Reagan, the total combined debt accumulated under 17 years of Republican economic leadership is 5.170 trillion, or a 10.61% compound annual growth rate.  

    The argument used to justify the tax cuts is they will sufficiently stimulate the economy to pay for the increased debt that originally funds the tax cut.

    When will the economy grow fast enough to pay down this Republican incurred debt?


    Ronald Reagan started his term with total debt outstanding of 930 million and increased total debt outstanding to 2.7 trillion.  This is a 13.71% compound annual increase.  He never balanced a budget.

    Bush I started his term with outstanding debt of 2.7 trillion and increased total debt to 4 trillion.  This is a 10.32% compounded annual increase.  He never balanced a budget.

    Clinton started with total debt outstanding debt of 4 trillion and increased total debt outstanding to 5.6 trillion.  This is a 4.2% compounded annual increase.  He balanced his last three budgets.

    Bush II started with 5.6 total outstanding debt and increased total outstanding debt to 7.7 trillion.  This is a 6.5% annual increase.  He has never balanced a budget.  

    For 25 years the Republicans have held the presidency for 17 of the last 25 years.  They have never balanced a budget and have increased total debt outstanding 11.69% in each year they have held the White House.

    The Democrats have held the White House for 8 of the last 25 years.  They have balanced the budget 3 times and increased total debt outstanding 4.2%.

    Whose better with the national purse strings?

  • comment on a post Health Crisis: Mega-Diary over 9 years ago
    Thanks for promoting this diary to the front page.  
  • on a comment on Today's Economic News over 9 years ago
    This was expected.  WD has been in a downward spiral for some time.  It wasn't a matter of if, but when.
  • Technically, yes.

    I just read a report from the Bank of International Settlement that discussed the low interest rate situation in the US.  The article pointed out that over the last few months, GM was downgraded, AIG restated earnings and there was a hedge fund scare.  These three events combined to crease a flight to quality, meaning bond traders bid up the US 10-Year.  

  • The Los Angeles figures are scary.
  • comment on a post Federal pension insurance staggers under new load over 9 years ago
    had a story on the effects of United's default on pensioners.

    This is going to get worse.  Much worse.  


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