Forum Post: And the Bankers Say: No Health Care For You!
Posted 1 year ago on Jan. 30, 2012, 11:51 p.m. EST by HitGirl
(2263)
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S&P may cut G20 nations as of 2015 on health costs
NEW YORK (Reuters) - Ratings agency Standard & Poor's warned it may downgrade "a number of highly rated" Group of 20 countries as of 2015 if their governments fail to enact reforms to curb rising health-care spending ...
http://news.yahoo.com/p-may-cut-g20-nations-2015-health-costs-000819821.html
Yes, it's definitely better to have people without healthcare, sick, and dying than to risk a downgraded S&P rating. Those are the 1% talking.
Right. I mean, life isn't about people, right? We create governments to balance the books. Of course, you're right, Titus. Total 1% hogwash! S&P should be on the 99%s to-do list.
Where were they during the housing bubble!!
the repelican party is DONE!!
I love when discredited agencies pull this.
America's healthcare costs are worse and we have a largely privatized system, so what is S&P asking for? Euthanasia?
They are seeking to control.
The bankers have proven they don't care about people so why not damage what they do care about - their business. Here is a method of hitting a banker's business: http://occupywallst.org/forum/overlooked-ways-to-legitimately-attack-financial-b/
S&P seems to be forcing agendas down people's throats these days. Why are they so desperate for attention or are they just trying to act like they are something big?
Pretending that they're relevant.
Those countries aren't paying up on the vig for the loan.
They gotta get their legs broken.
That's the way it works, plus you still have to pay the vig.
Screw that! Let's keep those printing presses rolling!
No, the rich only make them roll the presses when the banks can't cover their huge Wall Street bets.
Many countries meet their needs through taxation. Perhaps that is the goal of S&P, higher taxes.
So S&P is telling whole countries what to do now.
Globalisation came at a cost.
S & P does their job. If America keeps sending their war machine all over the globe, rather than sending it all around America to fix the roads and bridges and dams, then America deserves to be downgraded to A minus.
Much truth here, I think, but the larger truth is that the financial elites are now more powerful than nation states, and that amounts to de-facto world government, by the rich, of the rich, and for the rich.
There are better ways to reduce health care spending than to summarily remove the benefit. S&P is right in it's stand. The government cannot forever borrow to pour into healthcare, the country will go broke and hence the rating downgrade. If a country wants to provide health care to it citizens, it need to devise a way to cut the costs of doing so.
It is not for S&P to target health care, to play that kind of social role. If a country should miss payments...fine, downgrade it. But countries should pick their priorities, not S&P!
How much more clear do I need to be? S&P is a credit rating agency and part of it's job is to rate sovereign debt too. The said sovereign debt of the said countries is increasing significantly every year because of health care spending. Hence S&P made the said comment. It is S&P 'business' to make such comments/recommendation. Countries can surely pick their priorities, but S&P would decide the credit rating. It's business lady. May be in your world of rainbows and unicorns, everyone gets free healthcare, food, education, car, house etc and no one has to pay for it. But in the real world, some one has to.
Well, you're correct in a sense. It seems to me that the historic remedy for a country or kingdom that needs more money is to raise taxes. So I commend S&P for calling on Europe and the US (our healthcare spending is even worse) to raise more money.
Raising taxes cannot be a solution. It like saying that one should increase the pressure in a pipe because their is water loss due to holes. It's important to plug the holes or get a better pipe. One way to ensure that a country does need more money is to develop the economy and generate more money and equip the citizens to be better and more productive members of the society so that for one the tax base increases and for another the citizens are well off enough to not depend on free health care etc.
No problem. Just dont treat treat grandma and give her a pain pill. Obama makes some transparent statements once in awhile.
No one wants Odumbo care
We want universal health care.
Yes.
Yes we can!
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maybe so but not this plan. If they jamb it down our throats then everyone should be on it, including congress. But Obama already said that congress has their own "golden" plan and will not be required to sign up for obamacare. Also some unions are exempt also. This is WRONG
It started out great until the insurance companies and congress butchered it.
You are correct and now we need a new plan
You need to get rid of the insurance companies.
I couldn't,t agree more!!!
Healthcare is a right and health-insurance is a scam by the 1%.
The argument for single payer in 2007 & 2008 was the US could save $2 trillion a year through efficiencies including management consolidations.
It is a scam.
health care is not a "right"
of course it is, its a human right where's your humanity.
No dear. health care is not a right.
Yes, Skylar it is a right.
you saying it doesn't make it a fact.
Your saying it doesn't, doesn't mean jack.
it started out great? in obama care is a provision that requires anyone that sell their house after 2012 to pay a federal sales tax of 3.8 %.
Most of us, actually read it. It started out great and then a bunch of people decided to treat the insurance companies like they were worth something. They are worthless.
i have health insurance ( which i pay for, entirely) and it's anything but worthless.
That's lovely, dear. Unfortunately, it literally serves no purpose except to increase the costs. So, while you may see zero wrong with it, many more people do have a problem with it.
My insurance serves me quite well. If you don't like insurance , don't pay for it. If you want it and can't pay for try medicaid or free clinics, dear.
Ok, come back when you grow up, get an argument together, and have the capacity to intelligently debate an issue.
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what are you drooling about dear?
Europe is the standard that you liberals love. I have been reading about all the liberal crap dragging down those countries. No wonder many are starting to vote more conservative.
As opposed to the Fascism you love? Europe does a lot of things right. Or maybe you're forgetting that we spend way more on healthcare than any country in Europe with poorer health care results.
They have better healthcare results because they dont have as many fat ass lards. Our welfare system in America gives people the right to purchase unhealthy fat products. Take away welfare checks and people will be more healthy.
That doesn't explain unequal healthcare results. You just don't want to admit that Europe does healthcare better.
You just swallow the liberal lies, as well as swallowing other things. Americans are fatter than people in Europe. Many of those fat people are due to the amount they spend on food based on no oversight in grocery spending from food stamps.
Or maybe they're stress eating because all their jobs have been shipped to China by greedy traders. So you're asking for more government intervention when it comes to spending food stamps?