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Victor Davis Hanson: Divine Debt Trumps All - The U.S. is broke and its ability to borrow ever...
National Review Online ^ | August 20, 2009 | Victor Davis Hanson

Posted on 08/20/2009 1:11:39 PM PDT by neverdem

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To: neverdem
Numbers do not lie, and our government must explain either how a radical expansion in medical care will cut back on existing choice and service or where the additional revenue will come from.

I know, I know I know how they'll do it - waving hand in air like 4th grader ...

Obama care will offer cheaper insurance rates than people are paying now. Companies will switch to ObamaCare in droves. But here's the catch - Insurance companies take in premiums but they have to calculate how much they'll have to pay out when employees in any given company get to an age when health problems become more common.

But ObamaCare won't do that.

They'll have a pot for the money - and when it drops in they'll grab it out and put in an IOU.

Just like they do with Social Security - and Medicare - and Medicaid.

It's against the law for an insurance company to do that - but the Gov can. Think Monopoly that can drive out real companies by underselling them - then when all the companies are broke - they raise the rates and put the screws to all kinds of care....

21 posted on 08/20/2009 1:56:33 PM PDT by GOPJ ("Fishy rumors posters" Check 'em out:http://www.freerepublic.com/focus/f-news/2311664/posts)
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To: F15Eagle

I so agree.


22 posted on 08/20/2009 1:57:30 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: RC2

You don’t get out of debt by fighting wars, you get out of them by winning wars.

None of the wars the US has fought since WII have been won by the US. Because in none of them had we the will to actually win. I don’t expect us to win any wars under Obama either.


23 posted on 08/20/2009 2:04:08 PM PDT by Truthsearcher
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To: Truthsearcher

” None of the wars the US has fought since WII have been won by the US. Because in none of them had we the will to actually win. I don’t expect us to win any wars under Obama either. “

I guess you hadn’t noticed that, in the new millenium, the object of America’s wars has shifted from ‘winning’ to ‘political settlements’ and ‘exit stategies’..

I call it ‘T-Ball War’ - there are no losers, and nobody gets their feelings hurt... With Amnesty International, et.al. serving as umpires, making sure that the stronger side is penalized to ‘level the *playing* field....


24 posted on 08/20/2009 2:25:06 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: nathanbedford

Try this on for size:

1992 , Moscow

(From www.americanfreepress.net)

During the period of roughly February 1992 to mid-1994, I was making frequent trips to Moscow in the process of starting a software development, joint-venture company with some people from the Russian scientific community.

One of the men in charge on the Russian side was named V. M.; he had a wife named T.M. V. was a levelheaded scientist, while his wife was rather deeply committed to the losing communist cause.

Early in 1992, the American half of our venture was invited to V. & T.’s Moscow flat as we were about to return to the States. As the evening wore on, T. developed a decidedly rough anti-American edge—one her husband tried to quietly rein in.

The bottom line of the tirade she started against the United States went something like this:

“You Americans always like to think that you have the perfect government and your people are always so perfect. Well then, why haven’t you had a woman president by now? You had a chance to vote for a woman vice president and you didn’t do it.”

(snip)

“Well, I think you are going to be surprised when you get a black president very soon,” she said.
The consensus we expressed was that we didn’t think there was anything innately barring that. The right person at the right time and sure, America would try to vote for the right person, be he or she, black or not.

“What if I told you that you will have a black president very soon and he will be a communist?” she said. “Well, you will; and he will be a communist.”

One of us asked, “It sounds like you know something we don’t know.”

“Yes, it is true,” she replied. “This is not some idle talk. He is already born, and he is educated and being groomed to be president right now. You will be impressed to know that he has gone to the best schools of presidents. He is what you call ‘Ivy League.’ You don’t believe me, but he is real and I even know his name. His name is Barack. His mother is white and American and his father is black from Africa. And he’s going to be president.”

-—Tom Fife, American visitor to Moscow, 1992

Tom Fife was a government contractor with an active security clearance who took notes on his trips for Defense Intelligence Agency debriefings within the Department of Defense. In 1992, following an astounding conversation at a dinner party in Moscow, he took down notes for future reference. It was long before the world ever heard the name “Barack Obama.”

Now, very very believable, wouldn’t you say ???

Calling all FReepers ........... pass it on.


25 posted on 08/20/2009 3:00:15 PM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: RC2
We best hope we have a George Patton out there someplace.

They get weeded out, just look at Lt. Col. West as an example, or the Lieutenant who faced Courts Martial for using too many rounds to kill a jihadist.
26 posted on 08/20/2009 3:47:55 PM PDT by fallujah-nuker (America needs more SAC and less empty sacs from Goldman-Sachs.)
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To: neverdem

ping for later


27 posted on 08/20/2009 3:56:29 PM PDT by mick (Central Banker Capitalism is NOT Free Enterprise)
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To: DontTreadOnMe2009

Too bad he didn’t tell us about this five years ago.


28 posted on 08/20/2009 4:48:13 PM PDT by DryFly
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To: neverdem
"will insidiously hamstring almost everything we plan to do"

Um, who is this "we"? Personally I see plenty wrong in robbing producers to force men to use stupid energy sources, or to give bad health care to ungrateful and improvident third parties. But I see nothing wrong whatsoever in paying interest to men who saved and provided the country with capital when it needed it. Yet Hanson pretends that spending on debt service is some sort of waste, and spending on middle class entitlements some great thing we should want more of.

Next point, it is a myth that the US debt is funded by foreigners. 2/3rds of the net new treasury debt issued since March of 2007 is in the hands of private US investors. In the crash, the savings rate rose from near zero to 7%, further reducing any dependence on foreign capital in the matter.

If men want to spend now and are willing to pay savers for it later, that is fine. If they spend on stupid things they should stop because the spending is stupid, not because they have to borrow to pay for it.

I am disgusted by the hatred of income from capital I see otherwise sane conservatives indulging in.

29 posted on 08/20/2009 5:32:05 PM PDT by JasonC
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To: neverdem

Hey, Biden! How’s that “spending to infinity for prosperity” working out? You traitorous lump of vomit!


30 posted on 08/20/2009 5:34:12 PM PDT by WKUHilltopper
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To: neverdem

mark


31 posted on 08/20/2009 6:38:20 PM PDT by Christian4Bush ("A community organizer can't start bitching when communities organize." - Rush, 8/5/09)
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To: neverdem
Its easy...no cap gains taxes....ditch the 16th AND 17th amendments...make the House of Representative 1/50000 representation...as it originally was (4350 Congresscritters)....sit back ...watch the economy kick into overdrive as individual freedom and American ingenuity are released.

Otherwise...capital will wait out the Obama administrations...and a generation of poverty...

32 posted on 08/20/2009 7:02:24 PM PDT by mo
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To: Uncle Ike

Good point...still laughing over the thought; except seems there is no great demand for the ignorance itself and the entertainment just confirms our own ignorance to the world. Just think of Sean Penn visiting Castro or Hugo Chavez promoting his movies; or any other of the Red Acts Guild (RAG) sucking up to despots, corrupt and Anti-American leaders…including some of the Euro-trash.


33 posted on 08/21/2009 2:16:06 PM PDT by ntmxx (I am not so sure about this misdirection!)
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To: JasonC

I see you didn’t chime in on this thread:
http://www.freerepublic.com/focus/bloggers/2318004/posts?page=31#31

The post I linked is interesting.


34 posted on 08/23/2009 12:35:12 PM PDT by RobRoy (This too will pass. But it will hurt like a you know what.)
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