>Srdjan, LOL.
>
>The problem is that everybody agrees that belts need to be tightened, but some people always want it to be somebody else's belt, even if that person hasn't had a meal today. Tightening our own belts to contribute reasonably towards all the services we expect, including Medicare, apparently is an injustice. As a result, the unfunded Medicare liability balloons to $45T which probably can't be funded even from new taxation, especially now that unemployment is becoming the norm for so much of society. To try to prop up Medicare and its ilk, part of the burden must fall on current and imminent recipients... many of whom simply don't have the $. Even those who say "let them eat cake" to the poor will hesitate before telling millions of grandmas to fend for themselves. But in the end "somebody" has to pay and the Ponzi scheme run by politicians for decades to satisfy the electorate, has reached its inevitable conclusion. There really are no more Peters to pay Paul in such a stagnant economy that is swimming in debt. Sadly the electorate seems more excited by attacks on their political opponents (and the idea of tax cuts for themselves) rather than the economic elephant in the room.


Most of western economies reached long term stagflation point while ago. It is no longer possible to maintain growth rates even if oil was still cheap as it was in the golden 70ies / 80ies. It was relatively easy to grow back then. Arms race, cheap oil, then there was that nice reserve currency 'thingie' {g} (lets you eat someone else lunch without having to (publicly) point the gun at them!), then stock exchange frauds (one bubble after the other) - capitalism bonanza!

Of course it is the 'best system' and nice 'way of life'. As long as you get some third party/country sucker to chip inn for the bills
by purchasing bonds or worthless stocks, but what do you do when (like in every other Ponzy scheme) you run out of suckers ?

http://www.youtube.com/watch?v=xNnAvTTaJjM

It is lot easier to give hungry people guns then to gainfully employ them. I am afraid this is exactly what is going to happen.
It is in fact already happening past 10 years. (Hence my previous post about 'employing youth')

What is surprising (or maybe not) is that there were not already some serious riots in US or UK. UK had some but they were more like bad burp by bottom of society, we still fail to see some more articulated political protest.


* * *

Reg healthcare;

I have seen somewhere discussion on healthcare issues where Wolf Blitzer asks audience a question. Something like ;

'...You have guy laying down in coma and he has no health insurance. What do we do with him ? We just let him die ??'

More then few voices in the audience:
'You let him die!'


No comment.

xNnAvTTaJjM