We Never Know
No Slack
$7 trillion is 70% of $23 trillion?
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Democratic mega-win - drug price negotiation results
- Thread starter sun rise
- Start date
One massively mismanaged pandemic during that 4 years of Trump. And before that a hugely mismanaged set of wars and the housing market that Obama inherited. So yeah. Try selling this to some other rube.
In both cases of Obama and Biden it was democrats who bailed out the economic crisis.
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Pogo
Well-Known Member
It was and is the Tax Cuts from Reagan and Bush and Trump that have driven the deficit, They always claim it will improve the economy but all it does is increase the deficit which the Democrats then have to lower.
Spice
StewardshipPeaceIntergityCommunityEquality
And many, many Caucasians whose bloodlines run steadily in the slave states, even as far back as 300 years, have African DNA markers in their 5th, 6th, and 7th generations. The TV show "Finding Your Roots" showed the links for Country Music Entertainer, Clint Black, and both parents of Roseanne Cash. My family tree also has African markers from ~1800.Yes, the "One drop" rule comes from America's extremely racist past. Most African Americans are part white. Quite a few plantation owners exercised their "rights of ownership" over young female slaves. In fact the average African American is roughly 25% European by genetics:
The Genetic Ancestry of African Americans, Latinos, and European Americans across the United States - PMC
Over the past 500 years, North America has been the site of ongoing mixing of Native Americans, European settlers, and Africans (brought largely by the trans-Atlantic slave trade), shaping the early history of what became the United States. We ...www.ncbi.nlm.nih.gov
And if you are willing to dig deeply enough into the definition of "African American" you will find that Obama was not the first "African American" when he was elected. At that time the definition was that one had to be the descendant of African slaves to be an African American. His father was from Kenya so he did not have any slave heritage in him. Though of course that does not change the fact that there will be prejudice against those people because they are "black". The definition changed when people realized that the slave requirement was counterproductive. You can confirm this by going to such sites as Wikipedia where they keep all of their old articles. You would need to check their archive about 20 years ago in the article on African Americans.
Subduction Zone
Veteran Member
I am willing to give Trump a partial excuse due to the Covid pandemic. Even if he ran the country perfectly there still would have been massive debt as a result of that. But he is without excuse for his reversal of the decrease of the deficit. Early on in Obama's term he had a recession to fight. Targeted heavy spending helped us get out of it and that did boost the deficit. But as we recovered Obama's economy saw the deficit continually decrease. That is until Trump took over and started his new tax cut where the vast majority of the money went to the rich. The deficit rose under Trump to make it look as if we had a stronger economy than we did. He was driving us to another recession before Covid struck. Covid brought on that recession early. And even more massive spending was needed under both Trump and Biden. Biden engineered a soft landing after we were struck by the global inflation caused by the spending on Covid and the war in Ukraine.
Historians will be far far kinder to Biden and his willingness to follow the experts verses Trump's cowboy economics.
Exactly. The deficit has to come down but to do that both spending AND taxation need to be part of the solution. Even some of the mega-rich recognize this and have put forth ideas which sound reasonable to me. The CBO created a list of options to reduce the deficit Options for Reducing the Deficit - I'm not a fan of some of them but they to me are a starting point for serious discussions.
I expect the right to whine about any taxation and to propose cuts which don't really address the deficit in any meaningful way.
This proposal isn't mixed. It is government and bureaucrat control.
Then you would love the system in Venezuela.
It isn't "free". It is paid for out of taxes and indirect subsidies of the U.S. paying the cost to develop the drugs. The NHS spent £10.4 billion subsidizing drugs in 2023. You also have restrictions on getting drugs unlike in the U.S. The rising costs of drugs for the NHS threatens to bankrupt it and it actively restricts the introduction of new medicines.
Costs of expensive new drugs threaten financial sustainability of NHS
The UK system isn't better. It sucks.
Father Heathen
Veteran Member
Really? This worn-out false dichotomy?
Father Heathen
Veteran Member
Then how odd is it that rest of the developed world doesn't seem to want a privatized, for-profit system like ours? Weird, because who wouldn't want to be gouged into debt by a predatory racket?
Altfish
Veteran Member
Absolute rubbish, yes, we pay taxes, taxes are good.
It isn't "free". It is paid for out of taxes and indirect subsidies of the U.S. paying the cost to develop the drugs. The NHS spent £10.4 billion subsidizing drugs in 2023. You also have restrictions on getting drugs unlike in the U.S. The rising costs of drugs for the NHS threatens to bankrupt it and it actively restricts the introduction of new medicines.
Costs of expensive new drugs threaten financial sustainability of NHS
The UK system isn't better. It sucks.
The NHS is only going bankrupt because of 14-years of bad management; it will be put right by the current government.
We do not have people going bankrupt because of illness or scared to call an ambulance.
Our country is civilised, you should try it.
metis
aged ecumenical anthropologist
Sorry to hear that.
metis
aged ecumenical anthropologist
You seriously don't know what your talking about and too stubborn to actually do the research.
metis
aged ecumenical anthropologist
Oh, so "it sucks" that everyone has at least basic healthcare coverage regardless of income. Would you feel the same way if you & your family didn't have any such coverage?
BTW, did you ever actually study halacha?
anotherneil
Well-Known Member
LOL Nice example of the application in politics of the sales pitch technique known as "price anchoring".
Personally I like the Swiss system a bit better because there's choice involved even if it is more expensive.
But I agree that the US system which produces a lower life span and endless medical bankruptcies is barbaric at best for far too many people.
Pogo
Well-Known Member
So only 10 million people, obviously nothing to care about.
We Never Know
No Slack
"10. 17% of adults with health care debt had to declare bankruptcy or lose their home because of it.
11. 45% of Americans worry a major health event will bankrupt them.
12. Almost 20% of medical bankruptcy filers report prescription drugs as their largest expense.
13. Medical expenses directly cause 66.5% of bankruptcies, making it the leading cause for bankruptcy. Additionally, medical problems that lead to work loss cause 44% of bankruptcies.
14. As of April 2022, 14% of Americans with medical debt planned to declare bankruptcy later in the year because of it.
15. The average monthly household income for filers of medical bankruptcy is approximately $2,600.
16. One in five families who file for medical bankruptcy are military families.
17. The average age of a medical bankruptcy filer is 44.9 years old.
18. Approximately 60% of medical bankruptcy filers have at least some college education."
49+ U.S. Medical Bankruptcy Statistics for 2023 - RetireGuide
These medical bankruptcy statistics will help you learn about healthcare debt in the US, its causes and how to pay off your existing debt.
www.retireguide.com