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Obama's math...Call me skeptical

Discussion in 'Political Discussion' started by Patsfanin Philly, Sep 9, 2009.

  1. Patsfanin Philly

    Patsfanin Philly Rookie

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    #95 Jersey

    From tonight's speech and the text is from Huffington Post....

    Obama Health Care Speech: FULL VIDEO, TEXT
    ------------------------------------------------------------------------
    “And if we are able to slow the growth of health care costs by just one-tenth of one percent each year, it will actually reduce the deficit by $4 trillion over the long term.”

    --------------------------------------------------------------------------------------------

    If 1/10 of 1% is $4 trillion, then 1% is $40 Trillion and the total amount would be $4000 trillion dollars!!!!!!

    1/10 of1% is a dime on $100.
    If they could reduced that much, they would have enough to balance the budget and pay off the national debt…..
  2. DaBruinz

    DaBruinz Pats, B's, Sox PatsFans.com Supporter

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    #50 Jersey

    Umm.. Not that I care what he says.. But you've got it mixed up..

    The 1/10th of a percent savings will AMOUNT TO $4 trillion in defecit reduction over x number of years. Though he doesn't specify the time frame.
  3. Patsfanin Philly

    Patsfanin Philly Rookie

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    #95 Jersey

    Even if x is twenty years, it doesn't make sense.
    $4 trillion over 20 years is $200 billion per year. If 1/10 of 1% is $200 Billion,
    then the total savings is $200 Trillion dollars which is 4 times the size of the entire economy!!
    What is his source...???
  4. Real World

    Real World Moderator Staff Member

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    If you're waiting for Obama to be specific, you'll be waiting a very, very long time.
  5. DaBruinz

    DaBruinz Pats, B's, Sox PatsFans.com Supporter

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    #50 Jersey

    Where are you getting YOUR math from??? Go back and read what you wrote.

    "And if we are able to slow the growth of health care costs by just one-tenth of one percent each year, it will actually reduce the deficit by $4 trillion over the long term."

    First of all, right or wrong, he's saying its a REDUCTION in the growth of health care costs. THAT is the 1/10 of 1% he's referring to. And he's probably doing it in a reverse amortization ( i think that's the phrase). In other words, Lets say that health care costs are growing at 5%... Next year it would only grow 4.9%. And then the next would only be 4.8%. Etc etc. And then, he's probably taking that amount that it didn't grown and adding it all together. What he doesn't realize is that isn't money you actually have in hand..

    Without having an actual timeline, there is no telling how long he's referring to get the $4 trillion in reduction.
  6. ljuneau

    ljuneau Rookie

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    You have to realize, we are living in the days of Obamanomics. A time when a solution to a problem doesn't have to make financial sense, common sense or any sense at all. It just has to sound great in a speech - all hot air and no substance.
  7. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Short of assuming he meant about 1,000 years by "long term", the only way that can possibly make any sense is to take the current rate of growth and reduce it by .1% as opposed to some projected rate of growth. In other words say the rate of growth is now 10% per year and he projects it will increase by 10% each year that would be 10% growth compounding annually compared to it dropping from 10%.

    Of course, the other issue with this is he's not proposing anything to reduce the costs of health care. By not talking about real tort reform, no mention of insurance across state lines, forcing insurance to cover anyone presumably without higher rates based on risk, health care costs will not go down.
  8. Fogbuster

    Fogbuster Rookie

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    .


    Just more shuck and jive from the Obamanistas. A pitiful, yet dangerous, lot. They'll have us eternally in hock to China if we do nothing to prevent it.



    //
  9. Patriot_in_NY

    Patriot_in_NY Rookie

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    Yeah, what he neglected to tell us that x = 746 years. :rolleyes:

    Actually by this part of the speech, I was just giggling. I didn't get to all out laughter until the Fearmonger-in-chief told us that "We need to pass this crappy bill, OR PEOPLE ARE GOING TO DIE". I guess that "end of life" counselling will come in handy after all. :singing:

    Although, I did get a little misty eyed when he evoked the "ghosts of Tedy". That was touching.

    Seriously, The number of out and out falsehoods in this speech was POSITIVELY stunning. This 4T savings one was just one of many. You know when the AP and Yahoo say's Obama is full of CRAP, something is seriously amiss.
    Last edited: Sep 10, 2009
  10. wistahpatsfan

    wistahpatsfan Rookie

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    It can't be about money anymore. Both houses of the Republicrat Party have shown a blatant disregard for the currency, numbers and math. We've been on a deficit spending road for a long time. The only thing our myopic, ADD-limited consciousness can fathom is what's happening right now, and that goes to Obama by default, so it's his fault. Never mind the deficit spending that's been going on since Kennedy was shot.
  11. Patriot_in_NY

    Patriot_in_NY Rookie

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    So why lie about it? Just say, we know it's gonna put us much deeper in the red, but fug it, were think the single-payer option is the way to go. :confused2:
  12. alvinnf

    alvinnf Rookie

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    People are so dumb. Just use your intuition. We are supposed to believe that this new health care plan is going to be more inclusive, improve quality of care, all at a savings. Oh, I know the insurance companies have been sticking it to us for years. Yeah, right. All these clowns care about is pandering to the poor and disenfranchised to keep themselves in office. All this is going to do is neuter the public and take away any bastion of motivation or self reliance, that anyone has left. It's the ultimate crippler of the people.
  13. wistahpatsfan

    wistahpatsfan Rookie

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    Good question. Might be something inherent in Obama's choice of occupation. Politicians lie.
  14. sdaniels7114

    sdaniels7114 Rookie

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    Why would it put us deeper in the red if it saves money for everyone else who's ever switched to it?

    Don't you think your personal intuition is less reputable than the actual experiences of every other industrialized nation on the planet?
  15. Patriot_in_NY

    Patriot_in_NY Rookie

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    Because the Congressional Budget Office say's that it COULD NOT HAPPEN AND WOULD LEAD TO MORE DEFICIT SPENDING.

    Since they are all beancounters, are neutral, and are way smarter at numbers then you or I...... I'll take their word for it.
  16. ljuneau

    ljuneau Rookie

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    Are you drunk? What countries are you talking about (on this planet please)?
  17. sdaniels7114

    sdaniels7114 Rookie

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    You need to brush up on your facts. For a start, all the countries in the EU, as well as Canada, Japan and Australia pay less than us.
  18. ljuneau

    ljuneau Rookie

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    Thanks for clearing that up, Sherlock. Next time try commenting on the same subject when quoting someone.

    If you want to talk about what people personally pay for hc, start your own thread on the subject.

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