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Forum Post: And the Bankers Say: No Health Care For You!

Posted 2 years ago on Jan. 30, 2012, 11:51 p.m. EST by HitGirl (2263)
This content is user submitted and not an official statement

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

50 Comments

50 Comments


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[-] 3 points by TitusMoans (2451) from Boulder City, NV 2 years ago

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.

[-] 1 points by HitGirl (2263) 2 years ago

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.

[-] 1 points by Opportunity (19) 2 years ago

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?

[-] 1 points by HitGirl (2263) 2 years ago

Pretending that they're relevant.

[-] 1 points by shoozTroll (17632) 2 years ago

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.

[-] 1 points by iwantfreemoneynow (58) 2 years ago

Screw that! Let's keep those printing presses rolling!

[-] 2 points by HitGirl (2263) 2 years ago

No, the rich only make them roll the presses when the banks can't cover their huge Wall Street bets.

[-] 1 points by HitGirl (2263) 2 years ago

Many countries meet their needs through taxation. Perhaps that is the goal of S&P, higher taxes.

[-] 1 points by HitGirl (2263) 2 years ago

So S&P is telling whole countries what to do now.

[-] 1 points by Builder (4202) 2 years ago

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.

[-] 2 points by GypsyKing (8719) 2 years ago

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.

[-] -1 points by smartcapitalist (143) 2 years ago

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.

[-] 1 points by HitGirl (2263) 2 years ago

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!

[-] 0 points by smartcapitalist (143) 2 years ago

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.

[-] 1 points by HitGirl (2263) 2 years ago

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.

[-] 0 points by smartcapitalist (143) 2 years ago

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.

[-] -1 points by Kirby (104) 2 years ago

No problem. Just dont treat treat grandma and give her a pain pill. Obama makes some transparent statements once in awhile.

[-] -1 points by moochild (-43) 2 years ago

No one wants Odumbo care

[-] -2 points by GirlFriday (17435) 2 years ago

We want universal health care.

[-] 4 points by beautifulworld (22225) 2 years ago

Yes.

[-] 2 points by HitGirl (2263) 2 years ago

Yes we can!

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[-] 0 points by moochild (-43) 2 years ago

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

[+] -4 points by GirlFriday (17435) 2 years ago

It started out great until the insurance companies and congress butchered it.

[-] 0 points by moochild (-43) 2 years ago

You are correct and now we need a new plan

[-] -2 points by GirlFriday (17435) 2 years ago

You need to get rid of the insurance companies.

[-] 5 points by JamesS89118 (646) from Las Vegas, NV 2 years ago

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.

[+] -4 points by GirlFriday (17435) 2 years ago

It is a scam.

[+] -4 points by skylar (-441) 2 years ago

health care is not a "right"

[-] 4 points by 1169 (204) 2 years ago

of course it is, its a human right where's your humanity.

[+] -4 points by skylar (-441) 2 years ago

No dear. health care is not a right.

[+] -4 points by GirlFriday (17435) 2 years ago

Yes, Skylar it is a right.

[-] -2 points by skylar (-441) 2 years ago

you saying it doesn't make it a fact.

[+] -4 points by GirlFriday (17435) 2 years ago

Your saying it doesn't, doesn't mean jack.

[-] -2 points by skylar (-441) 2 years ago

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 %.

[+] -4 points by GirlFriday (17435) 2 years ago

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.

[-] -2 points by skylar (-441) 2 years ago

i have health insurance ( which i pay for, entirely) and it's anything but worthless.

[+] -5 points by GirlFriday (17435) 2 years ago

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.

[-] -3 points by skylar (-441) 2 years ago

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.

[+] -5 points by GirlFriday (17435) 2 years ago

Ok, come back when you grow up, get an argument together, and have the capacity to intelligently debate an issue.

[Removed]

[-] -1 points by skylar (-441) 2 years ago

what are you drooling about dear?

[+] -4 points by FreeDiscussion1 (109) 2 years ago

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.

[-] 2 points by HitGirl (2263) 2 years ago

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.

[-] 0 points by FreeDiscussion1 (109) 2 years ago

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.

[-] 1 points by HitGirl (2263) 2 years ago

That doesn't explain unequal healthcare results. You just don't want to admit that Europe does healthcare better.

[-] 0 points by FreeDiscussion1 (109) 2 years ago

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.

[-] 1 points by HitGirl (2263) 2 years ago

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?

[+] -5 points by ZenDogTroll (13032) from South Burlington, VT 2 years ago

Where were they during the housing bubble!!

the repelican party is DONE!!

[+] -5 points by GirlFriday (17435) 2 years ago

I love when discredited agencies pull this.

[-] 2 points by HitGirl (2263) 2 years ago

America's healthcare costs are worse and we have a largely privatized system, so what is S&P asking for? Euthanasia?

[+] -6 points by GirlFriday (17435) 2 years ago

They are seeking to control.