Comments on: A Real Threat To Every American http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/ Fri, 10 Feb 2012 19:32:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10264 Da King Thu, 15 Oct 2009 10:54:25 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10264 Obama's economic team is a bunch of industry insiders. Nothing has changed. Obama's economic team is a bunch of industry insiders. Nothing has changed.

]]> By: walter http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10255 walter Wed, 14 Oct 2009 21:47:21 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10255 http://bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJg http://bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJg

]]> By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10250 Da King Wed, 14 Oct 2009 16:34:15 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10250 No argument there. No argument there.

]]> By: N. E. Frye http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10248 N. E. Frye Wed, 14 Oct 2009 14:56:01 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10248 You're right, but an Insurance company is no substitute for a factory. You're right, but an Insurance company is no substitute for a factory.

]]> By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10246 Da King Wed, 14 Oct 2009 14:02:11 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10246 Frye, I wouldn't have a problem with raising the marginal tax rates on incomes that high, especially considering the debt this country is in. It just isn't any kind of panacea for rising health care costs. It's a distraction from the actual health care issues at hand. It's used to paint insurance companies as evil, when they are not evil. They are providing a service. 99% of those who work for insurance companies are not rich. They are just trying to support their families like everyone else. Frye,
I wouldn't have a problem with raising the marginal tax rates on incomes that high, especially considering the debt this country is in.

It just isn't any kind of panacea for rising health care costs. It's a distraction from the actual health care issues at hand. It's used to paint insurance companies as evil, when they are not evil. They are providing a service. 99% of those who work for insurance companies are not rich. They are just trying to support their families like everyone else.

]]> By: N. E. Frye http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10245 N. E. Frye Wed, 14 Oct 2009 13:31:27 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10245 Walter has a point though. ( never thought I'd say that.) The Imsurance Industry wants credibility, but this erodes it. It's like the corporate jet thing for auto executives last summer. How about if we reestablish that 50% marginal rate around $5 million and a 70% rate around ten or twelve million. That doesn't sound too punitive to me. Those who are in that bracket might even find subtle ways to brag about it so it could become a prestige thing. The IRS could present them with a hero medal or maybe a bronze plaque (made in China to save the taxpayers' $$. Think how many of these things might begin sprouting up in Congress. At the same time I'd give corporations a tax break by letting them figure their profits AFTER dividends. Walter has a point though. ( never thought I'd say that.) The Imsurance Industry wants credibility, but this erodes it. It's like the corporate jet thing for auto executives last summer. How about if we reestablish that 50% marginal rate around $5 million and a 70% rate around ten or twelve million. That doesn't sound too punitive to me. Those who are in that bracket might even find subtle ways to brag about it so it could become a prestige thing. The IRS could present them with a hero medal or maybe a bronze plaque (made in China to save the taxpayers' $$. Think how many of these things might begin sprouting up in Congress.

At the same time I'd give corporations a tax break by letting them figure their profits AFTER dividends.

]]> By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10244 Da King Wed, 14 Oct 2009 12:59:46 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10244 walt, So, you think a few hundred million in lesser insurance executive salaries will really make a difference in the $2.4 trillion health insurance industry ? Those salaries you listed make up about .0001 of health care costs. Without those salaries, a $5,000 annual health insurance policy would cost, um, still $5,000. walt,
So, you think a few hundred million in lesser insurance executive salaries will really make a difference in the $2.4 trillion health insurance industry ? Those salaries you listed make up about .0001 of health care costs. Without those salaries, a $5,000 annual health insurance policy would cost, um, still $5,000.

]]> By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10243 Da King Wed, 14 Oct 2009 12:56:35 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10243 Frye, I believe in free trade (under the guns or butter philosophy), but your point is well taken. Free trade has to be equitable, and exporting our real economy to China and other countries doesn't seem at all equitable. We're being sold down the river. Even in the health care debate, the best way to provide health care for our citizens is for them to have good jobs. JOBS is the real #1 issue, not health care. The growing health care problem is a byproduct. It also occurs to me that the greenies don't want those sooty old factories in our country, and green is the predominant view these days. Frye,
I believe in free trade (under the guns or butter philosophy), but your point is well taken. Free trade has to be equitable, and exporting our real economy to China and other countries doesn't seem at all equitable. We're being sold down the river. Even in the health care debate, the best way to provide health care for our citizens is for them to have good jobs. JOBS is the real #1 issue, not health care. The growing health care problem is a byproduct.

It also occurs to me that the greenies don't want those sooty old factories in our country, and green is the predominant view these days.

]]> By: walter http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10242 walter Wed, 14 Oct 2009 12:40:11 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10242 these guys say what, me worry? "Here, via Fox News, are some stats on the poor, starving health insurance executives who could be forced to prostrate themselves for the good of the general public. Poor guys. Give ‘em a break. Health Insurers’ Executive Pay (2008) Axis Capital Holdings Limited John R. Charman $41.6 M W. R. Berkley Corp. William R. Berkley $29.2 M Aetna Ronald A. Williams $24.3 M MetLife C. Robert Henrikson $20.8 M Chubb Corp. John D. Finnegan $20.1 M American International Group Martin J. Sullivan $14.7 M Everest Re Group Joseph V. Taranto $14.6 M Commerce Group Gerald Fels $13.2 M Prudential Financial John R. Strangfeld $12.9 M Cigna H. Edward Hanway $12.2 M Wellpoint Angela Braly $9.8 M Coventry Dale Wolf $9 M Health Net Jay Gellert $4.4 M Humana Michael McCallister $4.7 M United Health Group Stephen J. Hemsley $3.24 M these guys say what, me worry?

"Here, via Fox News, are some stats on the poor, starving health insurance executives who could be forced to prostrate themselves for the good of the general public. Poor guys. Give ‘em a break.

Health Insurers’ Executive Pay (2008)

Axis Capital Holdings Limited
John R. Charman
$41.6 M

W. R. Berkley Corp.
William R. Berkley
$29.2 M

Aetna
Ronald A. Williams
$24.3 M

MetLife
C. Robert Henrikson
$20.8 M

Chubb Corp.
John D. Finnegan
$20.1 M

American International Group
Martin J. Sullivan
$14.7 M

Everest Re Group
Joseph V. Taranto
$14.6 M

Commerce Group
Gerald Fels
$13.2 M

Prudential Financial
John R. Strangfeld
$12.9 M

Cigna
H. Edward Hanway
$12.2 M

Wellpoint
Angela Braly
$9.8 M

Coventry
Dale Wolf
$9 M

Health Net
Jay Gellert
$4.4 M

Humana
Michael McCallister
$4.7 M

United Health Group
Stephen J. Hemsley
$3.24 M

]]> By: N. E. Frye http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10241 N. E. Frye Wed, 14 Oct 2009 12:31:18 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10241 Adam Smith, after proving logically that trade restrictions are bad for business stated there should be exceptions to this policy, e.g. national security. His example was the Maritime Laws that favored British ships, shipyards and crews, because Britain's navy was vital to Britain. What was it that made the U.S. strong enough to win WWII? Factories. We need factories, smoke soot and all. If the U.S. had entered into a WTO in the 20's Germany would have conquered England, completed their 'final solution' there and throughout Europe; Honolulu, Anchorage and Seattle would be Naval outposts of the Japanese Empire. If the U.S. had entered into a WTO in the 1820, the South would have won the Civil War. Prosperous banking and insurance industries do not contribute to national security all that much. Noisy smoky factories do. Adam Smith, after proving logically that trade restrictions are bad for business stated there should be exceptions to this policy, e.g. national security. His example was the Maritime Laws that favored British ships, shipyards and crews, because Britain's navy was vital to Britain. What was it that made the U.S. strong enough to win WWII? Factories. We need factories, smoke soot and all.

If the U.S. had entered into a WTO in the 20's Germany would have conquered England, completed their 'final solution' there and throughout Europe; Honolulu, Anchorage and Seattle would be Naval outposts of the Japanese Empire.

If the U.S. had entered into a WTO in the 1820, the South would have won the Civil War.

Prosperous banking and insurance industries do not contribute to national security all that much. Noisy smoky factories do.

]]> By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10240 Da King Wed, 14 Oct 2009 10:32:13 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10240 And the dollar is going down the tubes. It's inevitable, given our federal government. And the dollar is going down the tubes. It's inevitable, given our federal government.

]]> By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10239 Da King Wed, 14 Oct 2009 10:27:27 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10239 angry c, A number of liberals were calling for a huge oil tax last year, to drive up the cost of gasoline for the very reasons you stated. The recession killed that idea. The government is planning to shock the economy with big tax increases for health care this year. Then the government is planning to shock the economy with big cap-and-trade taxes. If there's any economy left after that, they probably will get around to the oil tax at that point. Anything to keep the financial house of cards going for another few years. angry c,
A number of liberals were calling for a huge oil tax last year, to drive up the cost of gasoline for the very reasons you stated. The recession killed that idea. The government is planning to shock the economy with big tax increases for health care this year. Then the government is planning to shock the economy with big cap-and-trade taxes. If there's any economy left after that, they probably will get around to the oil tax at that point.

Anything to keep the financial house of cards going for another few years.

]]> By: Da King http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10238 Da King Wed, 14 Oct 2009 10:19:04 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10238 Frye, What you said ties in with well with my topic, and exposes another side of our national debt disaster. We need so badly for China to continue buying our debt that we aren't likely to change the terms of any trade agreements with them. They have us by the short hairs. We'll keep exporting our real economy to China, and in turn they will keep buying our debt (until we collapse). Or, Congress could suddenly become honest and start dealing with the problem. I won't hold my breath waiting for that to happen. Frye,
What you said ties in with well with my topic, and exposes another side of our national debt disaster. We need so badly for China to continue buying our debt that we aren't likely to change the terms of any trade agreements with them. They have us by the short hairs. We'll keep exporting our real economy to China, and in turn they will keep buying our debt (until we collapse).

Or, Congress could suddenly become honest and start dealing with the problem. I won't hold my breath waiting for that to happen.

]]> By: The Reverend http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10237 The Reverend Tue, 13 Oct 2009 20:12:41 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10237 Very well said. More and more we have a paper shuffling, transactional economy. Skilled and unskilled labor will never recover, the jobs situation will only worsen. 20% of the all national profits from GDP revenues came from the non-productive gambling casinos that are our country's banks and insurance companies. Very well said.

More and more we have a paper shuffling, transactional economy. Skilled and unskilled labor will never recover, the jobs situation will only worsen. 20% of the all national profits from GDP revenues came from the non-productive gambling casinos that are our country's banks and insurance companies.

]]> By: N. E. Frye http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10236 N. E. Frye Tue, 13 Oct 2009 19:16:33 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10236 Nobody probably wants to hear this but the Free Trade Agreement is the major obstacle to recovery. It's all based on a section in The Wealth of Nations tht purports tp prove that tariffs are always an obstacle to maximizing production, but like all economic theories it's based on assumptions that eliminate anything detrimental to the conclusion sought. Economists also have no concept of time. For instance if China can build things cheaper than the US, what's supposed to happen is the price of labor is driven down in the US and will rise in China until China's advantage is erased. They don't say how long it will take. They also assume implicitly that China will take no steps to peg the exchange rate to keep it from happening, and they assume that labor is a freely negotiable commodity. Eventually ALL US manufacturing will disappear. those Lamborghini rims manufacturesd in Cleveland will eventually disappear and reemerge in Shanghai. The system is ghreat for brokers, bankers, retailers, etc. It's another high speed lane that ends at a cliff. Nobody probably wants to hear this but the Free Trade Agreement is the major obstacle to recovery. It's all based on a section in The Wealth of Nations tht purports tp prove that tariffs are always an obstacle to maximizing production, but like all economic theories it's based on assumptions that eliminate anything detrimental to the conclusion sought. Economists also have no concept of time. For instance if China can build things cheaper than the US, what's supposed to happen is the price of labor is driven down in the US and will rise in China until China's advantage is erased. They don't say how long it will take. They also assume implicitly that China will take no steps to peg the exchange rate to keep it from happening, and they assume that labor is a freely negotiable commodity. Eventually ALL US manufacturing will disappear. those Lamborghini rims manufacturesd in Cleveland will eventually disappear and reemerge in Shanghai. The system is ghreat for brokers, bankers, retailers, etc. It's another high speed lane that ends at a cliff.

]]> By: The Reverend http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10234 The Reverend Tue, 13 Oct 2009 14:32:38 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10234 Andrea....thanks a bunch for those links. Contrary to the mindless meme being spun by Fox and Fiends....the stimulus has saved and created jobs. Not enough, of course, but there's proof that it stemmed the tide. Much more of the stimulus money will be spent in 2010 and many more jobs will be created or saved.....proving that in deep recessionary times like we are in....Kenynesian economics, "government is the last resort for economic demand"....has been proven to be spot on. Just like that other liberal prize winner, Paul Krugman, said. Andrea….thanks a bunch for those links.

Contrary to the mindless meme being spun by Fox and Fiends….the stimulus has saved and created jobs. Not enough, of course, but there's proof that it stemmed the tide. Much more of the stimulus money will be spent in 2010 and many more jobs will be created or saved…..proving that in deep recessionary times like we are in….Kenynesian economics, "government is the last resort for economic demand"….has been proven to be spot on. Just like that other liberal prize winner, Paul Krugman, said.

]]> By: The Reverend http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10233 The Reverend Tue, 13 Oct 2009 14:25:26 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10233 Exactly Steve. angry...you say some interesting and insightful stuff in your comment. Not disagreeing here....just pointing out that a hefty increase in oil pricing through new taxation.....would fuel inflation mightily. I think you have your finger on something.....but if taxes on oil were imposed right now, I think it would be even more devastating to the deep recession we're already in. Thanks for your thoughtful and intelligent comment. Exactly Steve.

angry…you say some interesting and insightful stuff in your comment.

Not disagreeing here….just pointing out that a hefty increase in oil pricing through new taxation…..would fuel inflation mightily. I think you have your finger on something…..but if taxes on oil were imposed right now, I think it would be even more devastating to the deep recession we're already in. Thanks for your thoughtful and intelligent comment.

]]> By: Steve http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10231 Steve Tue, 13 Oct 2009 03:20:39 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10231 http://costofwar.com/ http://costofwar.com/

]]> By: angry conserv http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10230 angry conserv Tue, 13 Oct 2009 03:20:15 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10230 It is the worhtless U.S. Dollar dummy. I have been curious why our compassionate leaders have not educated us concerning the need for a large tax increase on oil. This huge government windfall is necessary for the government to accomplish three goals. 1. By stabilizing the cost of oil byproducts it would assist business in planning for the future. 2. A large and permanent cost in gasoline would force people to drastically reduce our individual consumption. 3. the windfall tax would be one more revune stream some of which could be spent advancing the green economy. It was finally exlpained to me why it has not been pushed. Our dollar is becoming worhless and as the world moves away from using the dollar as the world standard the buying power will be greatly diminished. The bigest impact may be the price we have to pay for oil. Once OPEC abandons the dollar they have no vested interest in supporting a strong dollar and its value will crumble. The end game will be accomplished . America will not be afford to comsume the energy we currently consume and the economy may be destroyed but the more important goa lof stopping our damaging consumption of the worlds resources will be solved. Not saying I agree with the goal but to some it is the perfect solution. It is the worhtless U.S. Dollar dummy. I have been curious why our compassionate leaders have not educated us concerning the need for a large tax increase on oil. This huge government windfall is necessary for the government to accomplish three goals. 1. By stabilizing the cost of oil byproducts it would assist business in planning for the future. 2. A large and permanent cost in gasoline would force people to drastically reduce our individual consumption. 3. the windfall tax would be one more revune stream some of which could be spent advancing the green economy. It was finally exlpained to me why it has not been pushed. Our dollar is becoming worhless and as the world moves away from using the dollar as the world standard the buying power will be greatly diminished. The bigest impact may be the price we have to pay for oil. Once OPEC abandons the dollar they have no vested interest in supporting a strong dollar and its value will crumble. The end game will be accomplished .
America will not be afford to comsume the energy we currently consume and the economy may be destroyed but the more important goa lof stopping our damaging consumption of the worlds resources will be solved. Not saying I agree with the goal but to some it is the perfect solution.

]]> By: Andrea http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10229 Andrea Tue, 13 Oct 2009 02:07:10 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10229 If Obama didn't do the stimulus plan we would have been in much worse shape and this is a consensus by most economists. The stimulus package has been a accomplishment and not just for injecting money and confidence (just take a look at the stock market) But also towards turning things around from brink of disaster. Sure we like to have more jobs but that will come . Yes we have a huge national debt but if you recall it was Bush who took a surplus and made it into a debt . So if democrats trys to fix things by spending money that seems to bother a lot of people. If they proposes ways to save money long term on health insurance that bothers the republicans too. Here's some articles for ya too http://www.google.com/hostednews/ap/article/ALeqM5jMNoef6xDenBbHWO0Im6rIjDmAgAD9B9P3L03 http://www.freep.com/article/20091012/NEWS15/91012023/1318/Transportation-chief--Obama-s-stimulus-plan-is-working-in-Detroit When you have a sick child do you just leave them alone or go out and buy him some tylenol to to bring down the fever? If Obama didn't do the stimulus plan we would have been in much worse shape and this is a consensus by most economists. The stimulus package has been a accomplishment and not just for injecting money and confidence (just take a look at the stock market) But also towards turning things around from brink of disaster. Sure we like to have more jobs but that will come . Yes we have a huge national debt but if you recall it was Bush who took a surplus and made it into a debt . So if democrats trys to fix things by spending money that seems to bother a lot of people. If they proposes ways to save money long term on health insurance that bothers the republicans too.

Here's some articles for ya too
http://www.google.com/hostednews/ap/article/ALeqM5jMNoef6xDenBbHWO0Im6rIjDmAgAD9B9P3L03
http://www.freep.com/article/20091012/NEWS15/91012023/1318/Transportation-chief–Obama-s-stimulus-plan-is-working-in-Detroit

When you have a sick child do you just leave them alone or go out and buy him some tylenol to to bring down the fever?

]]> By: The Reverend http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10226 The Reverend Mon, 12 Oct 2009 20:15:24 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10226 I appreciate your blog post King. You try to strip away the partisanship and speak to the issue of the deficit. Good for you. First, I would point out that you are quoting the Wall Street Journal, owned by Rupert Murdoch. Recently, I've had occasion to read the WSJ thoroughly, and I must say, it reads just like Fox News. So, no surprises there. Second, I notice that the 40% figure is based only on income tax revenues ($900+ billion). Total revenues are $2 trillion. Big difference. That seems like partisan slant. Lastly,....if you consider what is happening in California right now, you may see why cutting government spending right now is a bridge to oblivion. By California cutting so deeply, a spiral of even more reduced revenues has begun.....making their deficits even worse. While I agree with conservatives that deficit spending is a problem that must be faced.....we've had this problem for quite awile and I don't think anyone should expect that it will go away in the near term. Where I disagree with conservatives is in the need for revenues through increased taxation on wealthier Americans. But I hear what you're saying. I appreciate your blog post King. You try to strip away the partisanship and speak to the issue of the deficit. Good for you.

First, I would point out that you are quoting the Wall Street Journal, owned by Rupert Murdoch. Recently, I've had occasion to read the WSJ thoroughly, and I must say, it reads just like Fox News. So, no surprises there.

Second, I notice that the 40% figure is based only on income tax revenues ($900+ billion). Total revenues are $2 trillion. Big difference. That seems like partisan slant.

Lastly,….if you consider what is happening in California right now, you may see why cutting government spending right now is a bridge to oblivion. By California cutting so deeply, a spiral of even more reduced revenues has begun…..making their deficits even worse.

While I agree with conservatives that deficit spending is a problem that must be faced…..we've had this problem for quite awile and I don't think anyone should expect that it will go away in the near term. Where I disagree with conservatives is in the need for revenues through increased taxation on wealthier Americans. But I hear what you're saying.

]]> By: The Irreverend http://www.ohiomm.com/blogs/da_kings_men/2009/10/12/a-real-threat-to-every-american/comment-page-1/#comment-10221 The Irreverend Mon, 12 Oct 2009 18:11:39 +0000 http://www.ohiomm.com/blogs/da_kings_men/?p=6676#comment-10221 I agree completely. This shouldn't be a partisan issue. Unfortunately, its always easier for politicians to ignore the problem and harm future generations. The fact that spending is already uncontrolled and we expect to increase social and military programs by unparalleled amounts is both reckless and irresponsible. We have no leaders in Washington willing to address this problem. I fear it will take a serious economic meltdown to force the politicians to try to fix this crisis. There are already weak signals that are being ignored - no one seems to think that even the thought of losing the dollar as the standard international currency is a problem. When other nations don't need the dollar to be a healthy currency for their own self interest, I think we will experience inflation so acute that Jimmy Carter's presidency will look like the good old days. I agree completely. This shouldn't be a partisan issue. Unfortunately, its always easier for politicians to ignore the problem and harm future generations. The fact that spending is already uncontrolled and we expect to increase social and military programs by unparalleled amounts is both reckless and irresponsible.

We have no leaders in Washington willing to address this problem. I fear it will take a serious economic meltdown to force the politicians to try to fix this crisis. There are already weak signals that are being ignored – no one seems to think that even the thought of losing the dollar as the standard international currency is a problem.

When other nations don't need the dollar to be a healthy currency for their own self interest, I think we will experience inflation so acute that Jimmy Carter's presidency will look like the good old days.

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