Comments on: $100 Trillion Dollars in Debt! http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/ Insights on Health Care Reform | NCPA Mon, 15 Mar 2010 17:48:04 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Henry Massingale http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-55045 Henry Massingale Wed, 10 Mar 2010 16:42:16 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-55045 3/08/2010 What if I can show you a $100 trillion dollar health care / mecical care and medican industry Tax forum per year through a split petition......the story and number are there. To force pay into another system of failures within Health Care Insurance Groups. This economy will not balance with this concept of a tax forum against the Health Care System. The issue of how to force pay into this system of Health Care may have worked but I am still troubled over the progressive tax forum within this Bill. It covers so many items and Countries that it only forces the system to adjust itself. In some areas, increases against the people and the troubled economy, and in other areas, less effects will be felt. But this is my big problem, Government Officials seek help and they are to proud to ask us, “the true working force of Government.” It is understandable they have failed the People and within the United States Of America all we ask is to see us as who we are and not try to bring us into this world of the intellectual. I guess our Prime Directive is that of Star Trek, so it must be understood that for millions of people we are just as happy as can be making $13.00 per hour and we have no interest in this world of politics, and how to be a Enstine. Government Officials must understand that there is a level of people within different parts of this Country, that seek to be only that they find to make them happy. As for this economy well, it is said that the U.S.A. Arms Division has created enough arsenal to destroy every last creature in the world 2 times over,built with tax dollars. This would be funny if not for the irony of it. And now as time has passed Government Officials keep failing. Before 9/11 all the way to today. As it is in a world of a system, when employees continue to fail, one or two things happen, one; you get fired, two; if you see into a person a good, then it is political correct to implement a penalty or roll back in pay. But this implement of penalty is more favored in the course of action in the Federal Employment World. So how to fix the economy and unite it with the Health Care issue. It would be in the Countries best interest to implement a 10% per cent penalty against every State, County and Government Official within this Matrix of failures. Hey what is that old saying, what is good for the Goose is good for the Gander. I am serous about this, it is past due to show that our Government Officials they have failed, their system failure reaches into this world of warnings that they brush aside as if the information is not worthy noting. From Pearl Harbor to 9/11/2001 to 3/07/2010 of our tax system and Health Care Reform. This 10% per cent penalty should go into the Health Care Forum. The big problem that Government Officials have is that they have no street credit. President Obama still has some but if he does not take his family and step away from these dueling Parties, that fight over this Health Care Dollar, and stand with Us he will lose all credit from the streets to the county. President Obama, I would say to you, you have one last chance to regain the hopes and dreams of the American People. To reach out in a concept that states, if there is 250 million people in trouble because of these failures, I would give all my money to them and then I would say to all that I gave money to, “I have no money left, would you all please give me $1.00 back and then I would have $250. million dollars to start all over again.” As for this $100,trillion dollar in site............. Results 1 - 10 of about 685,000 for net worth of medicine development industry Just to show how deep this Health Care Tax split petition reaches. The term split petition is used because of the Tax factor plan that is not seen because of the intent not to show a capital Taxing of close to a $100 trillion dollar package, a yearly system income, not profit..... Some have stated that I clam to have spiritual in site or something of the sort. I assure you this is not true, so when I state that I asked God to help, it is my way of saying hey Bobby show me how to work on theses Chevy engines. But I do thank you for the consideration. Consider me a cross of Jethro Bodine from the Beverly Hill Billies with my 10th. Grade education and Vin Diesel from the move Pitch Black. Henry Massingale FASC Concepts in and for Pay It Forward www.fascmovement.mysite.com on google, look for page 1 american dream official site 3/08/2010
What if I can show you a $100 trillion dollar health care / mecical care and medican industry Tax forum per year through a split petition……the story and number are there.
To force pay into another system of failures within Health Care Insurance Groups.
This economy will not balance with this concept of a tax forum against the Health Care System. The issue of how to force pay into this system of Health Care may have worked but I am still troubled over the progressive tax forum within this Bill. It covers so many items and Countries that it only forces the system to adjust itself. In some areas, increases against the people and the troubled economy, and in other areas, less effects will be felt.
But this is my big problem, Government Officials seek help and they are to proud to ask us, “the true working force of Government.” It is understandable they have failed the People and within the United States Of America all we ask is to see us as who we are and not try to bring us into this world of the intellectual. I guess our Prime Directive is that of Star Trek, so it must be understood that for millions of people we are just as happy as can be making $13.00 per hour and we have no interest in this world of politics, and how to be a Enstine. Government Officials must understand that there is a level of people within different parts of this Country, that seek to be only that they find to make them happy.
As for this economy well, it is said that the U.S.A. Arms Division has created enough arsenal to destroy every last creature in the world 2 times over,built with tax dollars. This would be funny if not for the irony of it. And now as time has passed Government Officials keep failing. Before 9/11 all the way to today.
As it is in a world of a system, when employees continue to fail, one or two things happen, one; you get fired, two; if you see into a person a good, then it is political correct to implement a penalty or roll back in pay. But this implement of penalty is more favored in the course of action in the Federal Employment World. So how to fix the economy and unite it with the Health Care issue. It would be in the Countries best interest to implement a 10% per cent penalty against every State, County and Government Official within this Matrix of failures. Hey what is that old saying, what is good for the Goose is good for the Gander. I am serous about this, it is past due to show that our Government Officials they have failed, their system failure reaches into this world of warnings that they brush aside as if the information is not worthy noting. From Pearl Harbor to 9/11/2001 to 3/07/2010 of our tax system and Health Care Reform. This 10% per cent penalty should go into the Health Care Forum.
The big problem that Government Officials have is that they have no street credit. President Obama still has some but if he does not take his family and step away from these dueling Parties, that fight over this Health Care Dollar, and stand with Us he will lose all credit from the streets to the county.
President Obama, I would say to you, you have one last chance to regain the hopes and dreams of the American People. To reach out in a concept that states, if there is 250 million people in trouble because of these failures, I would give all my money to them and then I would say to all that I gave money to, “I have no money left, would you all please give me $1.00 back and then I would have $250. million dollars to start all over again.”

As for this $100,trillion dollar in site………….
Results 1 – 10 of about 685,000 for net worth of medicine development industry
Just to show how deep this Health Care Tax split petition reaches. The term split petition is used because of the Tax factor plan that is not seen because of the intent not to show a capital Taxing of close to a $100 trillion dollar package, a yearly system income, not profit…..

Some have stated that I clam to have spiritual in site or something of the sort. I assure you this is not true, so when I state that I asked God to help, it is my way of saying hey Bobby show me how to work on theses Chevy engines. But I do thank you for the consideration. Consider me a cross of Jethro Bodine from the Beverly Hill Billies with my 10th. Grade education and Vin Diesel from the move Pitch Black.
Henry Massingale
FASC Concepts in and for Pay It Forward
http://www.fascmovement.mysite.com on google, look for page 1 american dream official site

]]> By: John C. Goodman http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37295 John C. Goodman Mon, 31 Mar 2008 17:03:54 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37295 [Response to Richard Dudman] Over the periods indicated above the columns of numbers – 75 years and indefinitely into the future, all discounted back to the present at the government’s borrowing rate. [Response to Richard Dudman]

Over the periods indicated above the columns of numbers – 75 years and indefinitely into the future, all discounted back to the present at the government’s borrowing rate.

]]> By: Richard Dudman http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37294 Richard Dudman Mon, 31 Mar 2008 17:00:51 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37294 Over what period? Over what period?

]]> By: Glenn http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37293 Glenn Mon, 31 Mar 2008 13:27:30 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37293 John, You are a remarkable person. I can imagine you as a pest to those elected officials in Washington (a very large percentage of them) and you never go away. Keep reminding them about what they are doing to the future generations of this country -- and to the drag on the current potential the country would be if run anywhere near what the Constitution contemplated. My three sons are quite vocal about maters of Federal issues and politics -- I hear about it from third parties sometimes too; a Pharmacist, an Engineer and a CPA, but they all lean hard on economic matters; they must have learned all of that after they left home. If my numbers are correct, my family has a debt of about $7,200,000 for our portion of the present Unfunded Liabilities of Social Security and Medicare. That is for my wife and me and our children and grandchildren. Do we know what other Federal debt is out there in addition? And what will be added if these current candidates were to get as little as an additional 10% or 15% of what they are promising? Thanks John, for what you do. John,
You are a remarkable person. I can imagine you as a pest to those elected officials in Washington (a very large percentage of them) and you never go away. Keep reminding them about what they are doing to the future generations of this country — and to the drag on the current potential the country would be if run anywhere near what the Constitution contemplated.

My three sons are quite vocal about maters of Federal issues and politics — I hear about it from third parties sometimes too; a Pharmacist, an Engineer and a CPA, but they all lean hard on economic matters; they must have learned all of that after they left home.

If my numbers are correct, my family has a debt of about $7,200,000 for our portion of the present Unfunded Liabilities of Social Security and Medicare. That is for my wife and me and our children and grandchildren. Do we know what other Federal debt is out there in addition? And what will be added if these current candidates were to get as little as an additional 10% or 15% of what they are promising?

Thanks John, for what you do.

]]> By: Al Blesener http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37283 Al Blesener Sat, 29 Mar 2008 13:40:38 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37283 A fix for social security would be to have all candidates running for federal office to contrbute a minimumum of 50% of their collected campaign contributions to a social security lock box. Those that dont participate think more of themselves than the American people and should not be elected into office. A fix for social security would be to have all candidates running for federal office to contrbute a minimumum of 50% of their collected campaign contributions to a social security lock box. Those that dont participate think more of themselves than the American people and should not be elected into office.

]]> By: Chris Conover http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37279 Chris Conover Fri, 28 Mar 2008 13:34:24 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37279 Hi, John, Not to be a nit-picker, but strictly speaking, Parts B and D aren’t “unfunded.” The numbers you’ve provided indicate the NPV of all Part B and D expenditures, i.e., assuming zero revenues allocated to them. But currently we do fund both programs out of general revenues. So a fairer presentation of our situation is to assume we could continue to bankroll these programs at the same % of GDP that we do now, namely 1.31% for Part B and 0.38% for Part D. What’s “unfunded” is the difference between these amounts and what it will actually take to sustain these programs going forward, i.e., 2.4% of GDP on average to fully finance Part B over an infinite horizon and 1.5% for Part D. And to bring the result back to reality, I like to convert them into today’s dollars. Thus, even using the conservative calculation I’ve described, honestly funding both programs would have required us last year to devote the equivalent of $679 billion in real GDP terms (i.e., the actual amount would go up with GDP since it’s calculated as a percent of GDP etc.) to make up the difference. That helps me get a better perspective on just how large this hole is: my figure exceeds the amount the federal government spends on Medicare and Medicaid by more than $100 billion. The one other figure I’d like to add to the mix is Medicaid, calculated in the equivalent fashion, since I’d prefer to focus on our health promises rather than contaminate the picture by throwing SS into the mix. The other interesting number I’ve recently calculated is the overhead cost associated with all U.S. (F, S, L) tax-financed health expenditures, inclusive of collection and enforcement costs, compliance costs and the excess burden (deadweight losses) associated with the various taxes used to cover the $1.2 trillion in publicly financed expenditures (inclusive of about $250 billion in F,S,L tax expenditures that don’t show up in the National Health Expenditure Accounts picture of U.S. health spending). That figure turns out to be $475 billion. In short, in addition to what government “explicitly” funds, there is a massive hidden cost that literally is of the equivalent size of the future promises whose costs will eventually be borne by our progeny if we don’t act soon and the drag on the economy associated with the promises that are being funded today. Hi, John,
Not to be a nit-picker, but strictly speaking, Parts B and D aren’t “unfunded.” The numbers you’ve provided indicate the NPV of all Part B and D expenditures, i.e., assuming zero revenues allocated to them. But currently we do fund both programs out of general revenues. So a fairer presentation of our situation is to assume we could continue to bankroll these programs at the same % of GDP that we do now, namely 1.31% for Part B and 0.38% for Part D. What’s “unfunded” is the difference between these amounts and what it will actually take to sustain these programs going forward, i.e., 2.4% of GDP on average to fully finance Part B over an infinite horizon and 1.5% for Part D. And to bring the result back to reality, I like to convert them into today’s dollars. Thus, even using the conservative calculation I’ve described, honestly funding both programs would have required us last year to devote the equivalent of $679 billion in real GDP terms (i.e., the actual amount would go up with GDP since it’s calculated as a percent of GDP etc.) to make up the difference. That helps me get a better perspective on just how large this hole is: my figure exceeds the amount the federal government spends on Medicare and Medicaid by more than $100 billion.

The one other figure I’d like to add to the mix is Medicaid, calculated in the equivalent fashion, since I’d prefer to focus on our health promises rather than contaminate the picture by throwing SS into the mix.

The other interesting number I’ve recently calculated is the overhead cost associated with all U.S. (F, S, L) tax-financed health expenditures, inclusive of collection and enforcement costs, compliance costs and the excess burden (deadweight losses) associated with the various taxes used to cover the $1.2 trillion in publicly financed expenditures (inclusive of about $250 billion in F,S,L tax expenditures that don’t show up in the National Health Expenditure Accounts picture of U.S. health spending). That figure turns out to be $475 billion. In short, in addition to what government “explicitly” funds, there is a massive hidden cost that literally is of the equivalent size of the future promises whose costs will eventually be borne by our progeny if we don’t act soon and the drag on the economy associated with the promises that are being funded today.

]]> By: Roger W Harrington http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37273 Roger W Harrington Thu, 27 Mar 2008 14:28:04 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37273 John: thank you for the heads-up. John: thank you for the heads-up.

]]> By: Peter Farrell http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37272 Peter Farrell Thu, 27 Mar 2008 14:27:31 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37272 Absolutely pathetic. Absolutely pathetic.

]]> By: Ian Random http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37268 Ian Random Thu, 27 Mar 2008 06:56:03 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37268 According to Al Franken, all that is needed is to raise taxes just like last time. The GNP is about $12 Trillion, should only take about 8 years at 100% taxation. :-> According to Al Franken, all that is needed is to raise taxes just like last time. The GNP is about $12 Trillion, should only take about 8 years at 100% taxation. :->

]]> By: Yevgeny Kovak http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/comment-page-1/#comment-37264 Yevgeny Kovak Thu, 27 Mar 2008 02:16:59 +0000 http://www.john-goodman-blog.com/100-trillion-dollars-in-debt/#comment-37264 I must be missing something. When I calculate the PV of GDP over the next 75 years starting with $14T in 2008 and assuming a low 2% real GDP growth per year I get a result of $2,375T. This means that the 75-year PV of medicare and SS of $42.9T is just 1.8% of the PV of GDP over the same period. This is not an alarming number - it seems really low. What I am doing wrong? Thanks, Yevgeny I must be missing something.

When I calculate the PV of GDP over the next 75 years starting with $14T in 2008 and assuming a low 2% real GDP growth per year I get a result of $2,375T. This means that the 75-year PV of medicare and SS of $42.9T is just 1.8% of the PV of GDP over the same period. This is not an alarming number – it seems really low. What I am doing wrong?

Thanks,

Yevgeny

]]>