02-03-2013, 02:19 PM
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#35
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The 23rd Pillar
Join Date: Sep 2002
Casino cash: $421297
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Quote:
Originally Posted by Direckshun
I don't know what downturn you're referring to? What downturn are you referring to?
My post compared the Great Recession to the only real precedent America has seen, which was the Great Depression.
But in reaction to the Great Depression, we had a gigantic influx of federal spending to supplement demand and, as fortune would have it, history's largest land war to stimulate the economy.
The only serious federal spending we've committed to following the Great Recession was four years ago, too tepid, and it was immediately followed by three times that amount in deficit reduction.
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I'm referring to whatever downturn is now #3.
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Obamacare’s fix for an American health care system that the federal government long ago broke, is to give the federal government far more power over American health care; that its solution to escalating health costs is to mandate greater health benefits (and, hence, higher costs); and that its solution to the pricey overreliance on pre-paid health plans — offered by insurance companies in lieu of real insurance — is to have the government require Americans to buy those pre-paid health plans under penalty of law.
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