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Simont

Simont
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  • My Second Half Predictions - Part I [View article]
    We shall see how long. If you look at their average or compounded growth over the past 5 years and compared to ours they are nor even close.
    Jul 3, 2015. 09:37 PM | Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Well, whether the Greek tax rates are high or low make no difference as most of the Greeks refuse to pay any taxes. Furthermore, the bloated public sector and excessive pensions, etc., were financed by debt which was enabled by Greece being part of the Euro. They were admitted into the Euro based on fraud and lies (committed in collusion by the Greek government and central bank at the time). Had they stayed with the Drachma no one would have been willing to lend them the money they needed to build and maintain their present life style which was and is unsupportable by their economy and GDP. Hence, one can argue that the root of the problem was Greece's admittance into the Euro and the fraud committed by Greece that enabled it.
    Jul 2, 2015. 11:43 PM | Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Well, without a doubt fraud and unlimited greed in our health insurance and health care system is one of the reasons for our exponentially rising health care costs. There are others. Most of these though could be resolved with a reasonable single payer system, something like Medicare for all. The problem is that the GOP is obviously against it while many of the Democrats in congress, not to mention the man in the WH, do not have the spine to stand up for this and advocate it, not to mention fight for it. Sanders has been advocating it for a long time but he is dismissed by many as a "socialist". Well, if you call "socialism" what is going on in Germany, Holland, Denmark, Sweden, France, Great Britain, Canada, etc., then I would argue that there is nothing wrong with that kind of "socialism".
    Jul 2, 2015. 11:36 PM | 1 Like Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Yes, there are problems. But what is the alternative you propose? Great Britain did essentially the opposite of what the US has done and certainly did not fare better. The FED will start raising rates this year or early next year. Hopefully they know what they are doing and very gradually, over years, get back the rates to normal while not killing economic growth. The only way for our nation to get out of our pretty bad predicament is through economic growth, there is no other medicine.
    Jul 2, 2015. 04:23 AM | 2 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    I am all for undoing Dodd-Frank on condition that we reinstate Glass-Steagal.
    Jul 2, 2015. 04:09 AM | 3 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    I could not agree more, regarding your assessment of 43 and 44.
    Jul 2, 2015. 04:07 AM | 1 Like Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Yet, yet, the overhead of Medicare is way lower than the overhead of any private health insurance company in our country (it should be higher because government is always less efficient than private industry, as we all "know"), it provides its services at much lower cost than any private health insurer and most people on Medicare are happy with its services.
    Jul 2, 2015. 04:04 AM | 3 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Hilarious post, thank you.
    Jul 2, 2015. 03:59 AM | Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Our small business health insurance premiums increased on average about 24% per year for the past 9+ years. I tried to shop around for better rates almost every year but my insurance broker came back with essentially no better options, all plans with similar coverage were within 2% of each other. The US health insurance system is fundamentally broken and it was broken way before ACA came into effect. ACA fixed some problems (like eliminating rejections based on pre-existing conditions, providing coverage to millions of poor previously uninsured people, etc.) but failed to fix the fundamental flaws of the system.
    Jul 2, 2015. 03:57 AM | 2 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Bret, I read and agree with your stock and business analysis much more often than not. But I simply do not understand your position on this. Why is it possible for countries like Germany, Holland, Sweden, France, Italy, etc., etc., to provide affordable health insurance and medical care to every one of their citizens while we, the richest nation on earth supposedly cannot afford to do it? This issue should be a decision based on ethics first and then we should find a way financially to make it happen, whether with universal coverage, e.g. some form of Medicare for all, or some other way. My main problem with ACA (and I have many) is that it failed to solve the two main problems: our exponentially rising health care costs and that we are paying about 2x for a heath care system which provides, on average, inferior results compared to other developed nations.
    Jul 2, 2015. 03:48 AM | 3 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    Anyone who was denied health insurance based on real or BS pre-existing condition understands the value of ACA. There are millions of such people in our country. That said this must have progress could have and should have been achieved in a much simpler and better way. Universal health insurance coverage could have been one of those ways.
    Jul 2, 2015. 03:30 AM | 3 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    My question to you is this: which developed nation's economy has recovered faster than ours since the 2009 melt down?
    Jul 2, 2015. 03:26 AM | 2 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    And you blame ACA for this?
    Jul 2, 2015. 03:24 AM | 1 Like Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    This is why Obama should have gone for universal coverage, e.g. Medicare for all, or similar, instead of this unwieldy patch work that ACA became. Basic heath insurance and medical coverage is a citizens' right in essentially all the developed nations, except in our exceptional country.
    Jul 2, 2015. 03:23 AM | 2 Likes Like |Link to Comment
  • My Second Half Predictions - Part I [View article]
    How come small business owners in all European countries, indeed in all the developed world, have no problem providing health insurance to all their employees (in most countries via their business and personal taxes), while the same people in the US keep whining about it to no end? Ridiculous to say the least. A small business (indeed any business) that cannot afford to pay a decent living wage and health insurance coverage to its employees should not be in business. Not all businesses, large or small, are viable and there is no constitution given right for everyone, even for incompetent businessmen, to have and run a business. I have a small business and I would be ashamed if I could not provide health insurance to my employees.
    Jul 2, 2015. 03:17 AM | 3 Likes Like |Link to Comment
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394 Comments
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