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Miss Kitty

Meow
Jun 10, 2005
47,011
1,131
71

GoodWitch58

Beach Fanatic
Oct 10, 2005
4,810
1,923
Allifunn my understanding of McCains healthcare plan is that dollar amount of $5000 is per family. ($2500 for individual) That credit will be sent to your insurance company, not to you. I assume it's because we can't be trusted to not go out and buy smokes and beer with it. Don't forget your insurance premiums that you (or your employer) now pay will be counted as income to you. If you make $40000 a year and your total insurance costs $10000 the IRS says you now made $50000 for the year and you will pay taxes on that amount. Supposedly the credit will offset this and it's a wash. But it sounds like a big win for insurance companies that we all know have our best interests at heart.


According to Brooks Jackson of FactCheck.org on NPR this morning Senator McCain misstated the info on his health plan; it is, as Cheering says, $5,000 for families and $2,500 per individual, not the $5000 tax credit for every American as McCain said last night.

This is a real big issue IMO, especially for self employed people; my insurance plan costs more than $2500...and, presently I am able to write off the cost completely. That write-off will disappear under McCain's plan; and there is certainly no way I can purchase insurance for $2500 per year!
 

30ashopper

SoWal Insider
Apr 30, 2008
6,845
3,471
58
Right here!
One thing that I found interesting was Obama's placing healthcare second to other concerns like energy. I think he's finally starting to figure out he isn't going to have the funds he wants to pay for his programs until after the economy recovers.

My personal feeling is that right about when we get into a recovery, the bush tax cuts will expire, Obama won't get all his tax cuts down below 250K a year, and this will hit the economy hard. I'm expecting a prolonged recovery that'll probably last the full term of the next president.

Which brings up an interesting question - where does everyone see the country after four years? Will we have a balanced budget, government subsidized healthcare, energy independence, all troops out of Iraq, a booming economy? My guess is no, no, no, no, and no.
 
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scooterbug44

SoWal Expert
May 8, 2007
16,706
3,339
Sowal
I am hoping for a period of rebirth and reform brought on by an "economic 9-11" and disgust at how our tax dollars are being wasted.

I think we will be out of Iraq (and hopefully not involved somewhere else), have a balanced budget, and be making strides in energy independence - probably brought on more by demand and entrepeneurs than the government.

Don't think our economy will be booming, but think we will be starting to recover and learning some hard financial lessons.
 

Geo

Beach Fanatic
Dec 24, 2006
2,740
2,795
Santa Rosa Beach, FL
Which brings up an interesting question - where does everyone see the country after four years? Will we have a balanced budget, government subsidized healthcare, energy independence, all troops out of Iraq, a booming economy? My guess is no, no, no, no, and no.

My guess is
Yes, no, no, no, no...

But I believe this would be true for Obama or McCain as POTUS in 4 years...

:dunno:

While I believe Obama will do a better job, I do not expect miracles from him.
 

30ashopper

SoWal Insider
Apr 30, 2008
6,845
3,471
58
Right here!
My guess is
Yes, no, no, no, no...

But I believe this would be true for Obama or McCain as POTUS in 4 years...

:dunno:

While I believe Obama will do a better job, I do not expect miracles from him.

Man I hope you guys are right about a balanced budget, but you can chalk me up as a pessimist on it actually happening. I am now pretty sure Obama is going to win this one - which means we'll have a very democratic congress, and a very democratic president. Balanced budgets are not their forte, especially when you have a president whose convinced he can balance things without cutting spending and without raising taxes on families that make under 250K a year. In addition, we'll have this bailout to pay for, and the additional spending in energy research, military costs and Afghanistan, healthcare... it does not look good at all.
 

rancid

Beach Fanatic
Aug 9, 2006
270
68
Any of you undecideds make up your mind last night? If not what is it that you looking for to make your decision?
 

LuciferSam

Banned
Apr 26, 2008
4,749
1,069
Sowal
Why are Americans always looking for the quick fix? despite your criticisms, against renewal energies, recent case studies and research have shown that they are well on the way to becoming viable solutions within the next decade, particularly solar. I have faith that with investment in new technologies that people much more intelligent and knowledgeable in the sciences than you and I will find solutions to these problems. But, no, I am not expecting it to happen overnight. The cost of a computer even 5 years ago was considerably higher than today. I never thought even last year that I could go online with a IPOD the width of a business card. You can continue down your path of complacency or your reality, but some choose progress.

I remember back in '93 a one gigabyte hard drive was a luxury that might cost about $1000.00. Now you can get 500 times that amount of storage for about $120.00. That means hard drive storage is 4000 times less expensive today than in '93. I'm sure this has changed our world in ways I can't even imagine.
 

full time

Beach Fanatic
Oct 25, 2006
726
90
Why are Americans always looking for the quick fix? despite your criticisms, against renewal energies, recent case studies and research have shown that they are well on the way to becoming viable solutions within the next decade, particularly solar. I have faith that with investment in new technologies that people much more intelligent and knowledgeable in the sciences than you and I will find solutions to these problems. But, no, I am not expecting it to happen overnight. The cost of a computer even 5 years ago was considerably higher than today. I never thought even last year that I could go online with a IPOD the width of a business card. You can continue down your path of complacency or your reality, but some choose progress.

If solar is an economically viable alternative, you won't need government investment, there will be billions of private investment. It's not like solar technology appeared on the scene yesterday - it's been around as an alternative for years. Solar didn't provide a cheaper alternative when oil was $140.00 a barrel. What gives you reason to believe it will be more competitive when oil hits $60.00 a barrel in a couple of months absent government subsidies like the one in the bailout bill?

http://www.forbes.com/feeds/ap/2008/10/07/ap5520520.html
 
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