Originally posted by: BansheeX
Originally posted by: Adn4n
Sick around the world.
Having lived in Germany for a decade I can confirm what they say 100% about that country. As diverse as all these systems are, all countries have a few things in common: no profits, no bankruptcies.
But what about bankruptcy on a national level? One thing these examples in Europe always fail to question after saying that they have better health stats than us is: at what cost? What are they giving up elsewhere to enable that for such a period of time up until now? For some countries, it's national defense, although I'll agree that our idea of national defense is quite bloated. For someone like Britain and Cuba and to a degree, us, it's their whole economy, their ability to be competitive in manufacturing. We're all living way beyond our means and borrowing from countries who are not. We have an ARM on our national debt at this point, it's ugly.
The fact of the matter is that we want to consume more than we are capable of producing. When you say that an 80 year old should get unlimited procedures on a national credit card, you need to realize how the interest on that borrowing murders the next generation's currency and quality of life. This is what we're doing, we're not turning people away once we reach our productive limit, we're not cutting somewhere else to finance health care, we want it all and more and we're borrowing in the short term and giving the future the bag of debt of interest obligations, for which higher taxes or inflation are required.
Think about what Britain's economic situation. They, unlike us, don't have the privilege of being the reserve currency, and their bond auctions are going horribly right now. The pound has just been slaughtered. It didn't always used to be this way. The socialists will try to say that something else is to blame, but we've seen this stuff over and over and over again. In Cuba, in the USSR, in old China. You can't guarantee employment, you can't guarantee services and goods through the government. It drives up costs, destroys incentive, because nobody's spending their own money and thus, they don't care how much of it they're spending.
Our medicare and SS systems have done the same thing to us. The people who started these schemes made out like utter bandits, lived great lives, but further down the line, it's just an unsustainable ponzi scheme that requires perpetually more credit. Money has to be saved in order to be loaned, and we can't all be borrowers.