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100% failure rate

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Posted on August 29, 2009 at 23:31:00
Michael Samra
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Posts: 13114
Location: saginaw michigan
Joined: January 30, 2005
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  Since:
June 24, 2005
The U.S. Post Service was established in 1775 - they've had 234 years to get it right; it is broke, and even though heavily subsidized, it can't compete with private sector FedExp and UPS services.

Social Security was established in 1935 - they've had 74 years to get it right; it is broke.

Fannie Mae was established in 1938 - they've had 71 years to get it right; it is broke. Freddie Mac was established in 1970 - they've had 39 years to get it right; it is broke. Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.

The War on Poverty was started in 1964 - they've had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to "the poor"; it hasn't worked.

Medicare and Medicaid were established in 1965 - they've had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.



AMTRAK was established in 1970 - they've had 39 years to get it right; last year they bailed it out as it continues to run at a loss!


This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO sign of working; it's been used to increase the size of governments across America, and raise government salaries while the rest of us suffer from economic hardships. It has yet to create a single new private sector job. Our national debt projections (approaching $10 trillion) have increased 400% in the last six months.



"Cash for Clunkers" was established in 2009 and went broke in 2009 - - after 80% of the cars purchased turned out to be produced by foreign companies, and dealers nationwide are buried under bureaucratic paperwork demanded by a government that is not yet paying them what was promised.



So with a perfect 100% failure rate and a record that proves that each and every "service" shoved down our throats by an over-reaching government turns into disaster, how could any informed American trust our government to run or even set policies for America's health care system - - 17% of our economy?


Maybe each of us has a personal responsibility to let others in on this brilliant record before 2010, and then help remove from office those who are voting to destroy capitalism and destroy our grandchildren's future.


If the power supply waveform isn't pretty,neither is the sound in most cases.

So what's the worry then?, posted on August 30, 2009 at 11:21:04
Tweekeng
Audiophile

Posts: 781
Joined: September 9, 2005
If the public option would be a 100% failure then private insurance has nothing to worry about, just like UPS and Fed-X.

RE: 100% failure rate, posted on August 30, 2009 at 10:30:07
Jim McShane
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Posts: 3407
Location: Chicago
Joined: January 13, 2003
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  Since:
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Utter nonsense, pure crap. How do you get sucked into this stuff Mike?

The U.S. Post Service was established in 1775 - they've had 234 years to get it right; it is broke, and even though heavily subsidized, it can't compete with private sector FedExp and UPS services.

This nonsense has already been refuted by other posters here.

Social Security was established in 1935 - they've had 74 years to get it right; it is broke.

It is NOT broke! How many people have complained about their checks bouncing? When you call the SS Administration the lights are on and they answer the phone. A "bubble" in the US population growth is going to require that the system TEMPORARILY increase it's funding until the bubble passes. After the baby boomer bubble passes through the SS system's funding needs actually DECLINE!

Do a little research about the plight of older Americans before social security - read about the number who lived in abject poverty - or had to impose on their kids to support them. Then tell me again how it's a failure.

Medicare and Medicaid were established in 1965 - they've had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.

See, you just don't get it if you believe this stuff. What is "right"? You mean making a profit? Self sustaining? Those were never the goals of the system. Oh, and they aren't broke - again, can you tell me of a single circumstance where a medicare check has bounced from lack of funds? Go ahead, I'm waiting...

I love seeing these people on TV saying - "I don't want ANY government health care - and don't you TOUCH my Medicare!!"

AMTRAK was established in 1970 - they've had 39 years to get it right; last year they bailed it out as it continues to run at a loss!

The US Army and Navy has been around for over 200 years - when was the last time they made money? My local fire and police departments have been around near 100 years - they have NEVER ONCE turned a profit! The interstate highway system has never made money, they have to be subsidized EVERY year - the same goes for the FAA and the NTSB. The damn Center For Disease Control loses millions every year - what's the problem there, eh?? Bunch of slackers, I'll bet! Yep, they all run at a loss.

So should we get rid of the Army/Navy, the fire and police departments, interstate highways, the CDC, the FAA, and the NTSB?

NO public transportation system in the world makes a profit, none are fully self-sustaining. Their value is not measured in profitability.

And BTW - do just a little bit of homework and you'll find that Amtrak was deliberately set up to fail when it came into existence in 1970-71. It was designed to relieve the private railroads of the "money losing" passenger service so they could haul freight only. Of course, the railroads continued to lose money and market share (for a variety of reasons) until the last 5-6 years.

Amtrak was promised funding in its early days that never materialized, and has been starved ever since (for a variety of reasons far too complex to get into here). Yet despite the best efforts of many, Amtrak isn't dead - far from it, it has experienced major growth - growth limited only by it's capacity, not by demand. It is on the verge of taking on a much larger role in the US transportation system as a whole - as it already has in California, the Northeast, and to an extent here in Illinois.

This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO sign of working;

No signs?? You mean the stock market's increase of 1500 points, the prevention of what was universally agreed would have been a global depression, improved GDP results, none of that had anything to do with the stimulus? Oh, I see. If it wasn't the stimulus packages (one in the Bush term, one since) what was it Mike?

it's been used to increase the size of governments across America,

If by that you mean it's allowed some communities to hire additional police and fire department personnel (or prevent layoffs), or to hire 100 more skilled workers at Amtrak. Yep, that hated Amtrak - they hired machinists, electricians, mechanics, etc.(most of whom were laid off from the auto industry BTW) to rebuild damaged or otherwise non-usable railcars; some have ALREADY returned to service, and at an average investment of about 1/4th of what new equipment costs - and so on. Yes, if that is what you mean then you are correct. Me, I'd like my fire department and police department to have what they need to do the job.

and raise government salaries while the rest of us suffer from economic hardships.

Government raises funded specifically by the stimulus? Let's see some proof. Not stories about how some funds were used to meet prior contractual obligations, money gifted to people from the stimulus funds. I'll be watching for your reply.

It has yet to create a single new private sector job.

Wrong, it has created a number of jobs already, and the effect of the 2009 bill is just now really getting into the economy. Go to the website and look up how many jobs are ALREADY in place as a result of the stimulus:

http://www.recovery.gov/

is the site. You can see what's happening in your own state if you like. Here's what's new in Michigan in the LAST WEEK:

• Ypsilanti Wins $14.9 Million Clean Cities Grant to Support Clean Fuels, Vehicles, and Infrastructure Development 8.26.2009

• U.S. Dept. of Agriculture Awards $8.18 Million in Recovery Act Loans for Sewer System Upgrades in Essexville, MI 8.25.2009

• EPA Announces Distribution of $7.1 million in Recovery Act Funds to Clean Up Underground Petroleum Leaks in Michigan 8.25.2009

• Recovery Office, DELEG Host Funding Forums on Recovery Act Job Training Grants 8.20.2009

• Dept. of Energy Announces $37 Million in Recovery Act Grants for Small Business Research and Technology

$663 million have already been paid out to the Department of Education. YOUR WAGES are being partially funded by the 2009 recovery act. If you are so dead set against it then why don't you refuse some of your paycheck??

Our national debt projections (approaching $10 trillion) have increased 400% in the last six months.

And FYI, the projections were just revised DOWN in the last few weeks. Now I agree, debt is not necessarily a good thing. But in this case, we'll have a lot to show for what is being spent. And we'll have avoided a global meltdown. Look back, even conservative economists say the stimulus was needed; in fact many complained it was TOO SMALL!

During WWII our national debt was almost 1/4th of the country's GDP. Now (even with the two stimulus bills) it's in the single digit range. Should we have not spent the money and gone into less debt during WWII? C'mon Mike - you're so anti-deficit all of a sudden - ANSWER MY QUESTION! Should we not have made the expenditures needed to avoid a world economic crisis? Sometimes you have to take steps that aren't pleasant, but are needed. If your house needed major repairs and you didn't have the money on hand to pay for them - would you go into some debt or let the house collapse?

BTW, the largest single expenditure that drove the debt to where it is now was the Iraq war, multiple trillions were spent on it.

"Cash for Clunkers" was established in 2009 and went broke in 2009 - - after 80% of the cars purchased turned out to be produced by foreign companies, and dealers nationwide are buried under bureaucratic paperwork demanded by a government that is not yet paying them what was promised.

What?? Did you even read what you pasted here??

The program was DESIGNED to go broke! It was funded with a limited amount of money to be spent over a limited time, and was so successful that it spent the money faster than anyone anticipated. It put lots of people back to work (including the extra people hired to speed claims processing). This program was WILDLY successful.

So with a perfect 100% failure rate and a record that proves that each and every "service" shoved down our throats by an over-reaching government turns into disaster, how could any informed American trust our government to run or even set policies for America's health care system - - 17% of our economy?

Let me be perfectly blunt - how can you be so lazy as to not do some fact checking and accept this "cut and paste" trash you post at face value? I thought you were a lot smarter than that.

Maybe each of us has a personal responsibility to let others in on this brilliant record before 2010, and then help remove from office those who are voting to destroy capitalism and destroy our grandchildren's future.

Maybe YOU have the responsibility to do some fact checking before you post this crap.

Ummmm....., posted on August 30, 2009 at 23:28:25
Chris Garrett
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"During WWII our national debt was almost 1/4th of the country's GDP. Now (even with the two stimulus bills) it's in the single digit range."

You're completely wrong here.

The National Debt stands at about ~$11.7 trillion dollars, US GDP is projected to be somewhere north of $14.1 trillion.

This isn't a single digit percentage, sorry to say, but rather ~83%. Our national debt will exceed our entire GDP in the next year or three. GDP isn't rising nearly as fast as our debt load.

What does this all mean? America is broke and broke people shouldn't write checks.

How much of that stimulus went to small business, where it's needed the most?

Chris

RE: Ummmm....., posted on August 31, 2009 at 07:54:01
Jim McShane
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Posts: 3407
Location: Chicago
Joined: January 13, 2003
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April 11, 2002
My error, the debt during WWII was 125% (roughly) of GDP. I managed to quote both numbers incorrectly when I fact checked it.

So, okay, we're 25-50% under that WWII level. I stand corrected on the numbers, but the concept is still 100% valid.

Look at the the simple outlays vs. receipts data - in WWI and WWII the % of expenditures vs income was 350% and 325% respectively. Projections are that 2009 and beyond will be in the 175% range.

Check the link below for more info. While it is a private party's site, the data is from Whitehouse.gov and other official sites. I highly recommend it. BTW, it also shows that compared to most major industrialized nations the US debt is a fraction of theirs. The United States comes in at #26 in a list of roughly 200 countries for which there is data, and is just slightly above the world average. The US debt is only about 25% of Switzerland's for instance.

How much went to small business? Quite a bit - anecdotally, there are a number of six and seven-figure projects in my area that are being done by small businesses - small paving and bridge repair contractors mostly at this point. And how many small businesses are benefitting from being suppliers, etc., to larger businesses? Using the example from above, Amtrak has to buy the material to rebuild those railcars from small businesses - metals, paint, fasteners, upholstery material, cleaning products, abrasives, etc... Other than GE (supplying locomotive parts for the P40 and P42 diesels) there are essentially no large corporations engaged in making/supplying passenger train parts in the USA.

A number of my automotive clients benefitted greatly from "cash for clunkers". These small businesses added staff and also purchased more from their small business suppliers as a result of the uptick in activity. Essentially, $3 Billion dollars is going to or has already gone to 1000s of small businesses as a result of this one program.

You can research the numbers at www.recovery.gov if you like to get a larger picture. Here's just one example of what is being done:

"WASHINGTON - With the American Recovery and Reinvestment Act funding an additional $50 million for loans and $24 million for technical assistance, the U.S. Small Business Administration is expanding its Microloan program and increasing access to capital for small businesses across the country."

There is a large link right on the home page for small businesses to get information on how to access funds.

There is a LOT of help for small businesses.

RE: 100% failure rate, posted on August 30, 2009 at 07:23:02
Awe-d-o-file
Manufacturer

Posts: 6093
Location: 2 hr. west of DC
Joined: January 10, 2004
"The U.S. Post Service was established in 1775 - they've had 234 years to get it right; it is broke, and even though heavily subsidized, it can't compete with private sector FedExp and UPS services."'


Come on! Lets see UPS and FedEx deliver mail for 40 whatever cents a letter. NEVER HAPPEN!!!! EVER!! Do you really believe all that you write........err uh I mean cut and paste.


ET



Question "Authority", the mainstream media sucks - Go Independent and hold BOTH parties accountable instead of just the other guys!

I need music to help forget the reality of today

RE: 100% failure rate, posted on August 30, 2009 at 05:06:02
Wendell Narrod
Audiophile

Posts: 7974
Location: Louisville, KY
Joined: June 2, 2000
Care to list all the private companies in business for up to a century or more that are broken? It far surpasses the number of government programs.
And who did the businesses go crying to and ask for help? One guess.

Your argument doesn't hold water. Try again. This post is a bust.


-Wendell

RE: 100% failure rate, posted on August 30, 2009 at 05:49:52
Jon C.
Audiophile

Posts: 780
Location: Chicago
Joined: November 6, 2002
Just the list of private companies that went bankrupt in the last two years is enormous...

Our Post Office isn't a failure either. It's one of the cheapest and fastest in the world. The reason we keep having financial problems with it is we continue to try to keep the rates unreasonably low. It can't operate well with rates as low as they are. They need to raise it to 60 cents to send a letter and be done with it. And of course it doesn't compete with FedEx...ever see what it costs to send something by FedEx? Good grief. They aren't even in the same league.

Medicare isn't a failure...we keep having shortsighted management, like Mr. Bush's idea to cover prescription drugs under the program, but to leave out government having the ability to negotiate the for the purchase price. So...it became the single largest purchaser without ANY power to negotiate. It is a drug company's dream - and a taxpayer's nightmare. Funny, as concerned as Bush seemed to be about taxes he never attempted to correct this. Could it be he wanted to enrich the drug companies? Nah...

The War on Poverty was a JFK/Johnson idea and is long since over. I have not heard anyone mention it in my lifetime. Besides, a 5 year limit on federal assistance was put in place in the 1990s. States still have certain aid programs (food stamps, etc.) and having known a couple people who've gotten through rough periods in their lives I don't think you can say this is purely a failure.

True. Require UPS and Federal Express to deliver, posted on August 30, 2009 at 05:52:31
Wendell Narrod
Audiophile

Posts: 7974
Location: Louisville, KY
Joined: June 2, 2000
everywhere, at the same rates, and see how well they do.


-Wendell

Well...tear up your Social Security and Medicare card then. (That's what I thought.), posted on August 30, 2009 at 00:17:29
jdaniel@jps.net
Audiophile

Posts: 4452
Location: No. California
Joined: December 16, 2003
.

I will, posted on August 30, 2009 at 00:30:49
Redwing
Audiophile

Posts: 5245
Location: Dallas/Fort Worth
Joined: January 29, 2003
as long as the withholding from my paycheck stops. Happily.

Ha!, posted on August 30, 2009 at 05:52:43
Jon C.
Audiophile

Posts: 780
Location: Chicago
Joined: November 6, 2002
Good luck buying medical insurance on the private market when you are 65!

With ANY medical condition at all, you will be rejected, or if you are lucky, they will cover you but they will exclude that medical condition. For instance if you have high blood pressure by that age, then all heart-related treatments will be excluded.

Have fun insuring yourself!

RE: I will, posted on August 30, 2009 at 03:17:28
Michael Samra
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Posts: 13114
Location: saginaw michigan
Joined: January 30, 2005
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Me to red and they give me back what I put in it which is a lot.
If the power supply waveform isn't pretty,neither is the sound in most cases.

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