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05/22/2011

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What can Conrad Black, of all people, but not Judge Posner, write the following:

The cost per capita of U.S. medical care is $7,000 compared to the average among Australia, Canada, France, Germany, Japan and the United Kingdom, of $3,000; 70% of the people have immensely generous plans that they love with passionate attachment and don’t pay for, either as contributors or as taxable benefits, and the political class won’t touch this. Unfortunately, much of the other 30%, 100 million Americans, get what amounts to emergency health care only, and much of it is uninsured and is billed to the recipient until the patient is out of money, and only then provided gratis. Most of the largest states are bust; Social Security, student loans, Medicare (for the elderly in the U.S.) are all, also, in desperate need of an utterly cacophonous national conversation

Jack

Observer -- Yup! Though in the case of SS some minor changes coupled with clawing back the contributions lost due to the stagnant wages of the (former?) middle class and lower income folk, while virtually all of the doubling of productivity gains accrued to those over the $107,000 SS cut off.

Had the "rising tide" lifted all the boats, as Moynihan and those reforming SS years ago had expected, most middle income folk would have $10,000 more income, which would trigger $14,000 each from self and employer contributions.

Also, beware of the carny barkers coming forth with numbers of how few are "supporting" how many as per capita income has more than quadrupled (adjusted for inflation) since the "good old days" of the SS program. It's utter hrsht that this wealthy nation "can't afford" the modest SS incomes.

The cacophony will be amplified by those who were knowing accessories to the DEBT building of the last 30 years, trying to use the deficits as part of their "all for the rich" "starve the beast" (of programs beneficial to working folk but NOT pork and bennies ladled out to the topmost gleaners) agenda.

Working folk, already victimized by long stagnant wages a min wage having lost purchasing power and being nibbled (gobbled?) to death by oil price gouging and runaway H/C "inflation"/pandering to the "insurance" parasite model will have to fight back, hard, if they have any interest in maintaining some remnant of a middle class std of living.

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