As a student of business, I know that there is no possible way a company can sustain continuous losses. Negative profits result in angry creditors and ultimately a debt restructure (commonly known as bankruptcy). Fortunately for our government, there is no requirement for a balance in the budget, no limit to the ceiling they can raise the debt levels to and no limit to the astronomical values that serve to enslave us to China. Where will this policy of surplus spending and irresponsible behaviors lead us?
Without a need for bankruptcy, our government is allowed to sell bonds to the highest bidder in order to purchase cash from the Federal Reserve, printed at interest, for the government to spend as they see fit. It's not like other countries could hire some muscle to collect on the debt with our insane military spending on globally disbursed bases, installed on the premise of peace. What is China going to do? Demand their money back? Is our arrogance so extreme that we believe that the world will be fooled forever?
Although the US government may not have a chapter 7 option, debt is a problem in America for many families. Debt resulting in bankruptcy plagued over one million American's in 2008. Although there are instances of irresponsible spending, many of these are the result of medical bills that their current HMO refuses to pay for to make profits by finding a reason to deny their customer's claims. Such behavior violates the purpose for the very existence of these organizations in the first place.
The issue with the healthcare bill is that there are no clear details being provided to Americans on either a fiscal or policy basis. I have heard cost estimates of over $1.3 trillion over the next ten years for a public option in the new plan. I have not heard what that will provide for Americans. Many critics estimate that it will still leave millions without a viable form of healthcare coverage.
At a time when the US has multiple war fronts, astronomical debt, and is pushing into legislation bills that are not even read, how can we expect healthcare reform legislation that will positively impact the country? I am concerned that none of the baby boomer politicians are considering the long-term effects of their irresponsible behaviors. I am concerned that there is not enough consideration for the future of America when politicians put so much pressure to create reform that they don't even understand.
I know I have asked plenty of questions that I cannot answer. Perhaps the answers are out there. What are your thoughts?
"Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning." - Albert Einstein
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