From: todd.paulus%theweb@meaddata.com (Todd Paulus) 
Newsgroups: alt.fan.rush-limbaugh
Subject: Re: Clinton & Taxes: 7% f
Date: 28 Aug 92 20:27:00 GMT
Distribution: world
Organization: The Web BBS 1-513-436-9011 6 Lines 1200 News groups 50,000 files!
Reply-To: todd.paulus%theweb@meaddata.com (Todd Paulus) 

To: hulsey@dbsun.uucp,alt.fan.rush-limbaugh

HU>Subject: Re: Clinton & Taxes: 7% for health
HU>Message-ID: <1992Aug20.160806.11409@dbsun.uucp>
HU>Date: Thu, 20 Aug 1992 16:08:06 GMT

hulsey@dbsun.uucphulsey) writes:

HU>I never said that life should be free and easy.  I said that the lack
HU>of a national health insurance is a disincentive to strike out on your
HU>own.  Because if you fail, you have no safety net.  And I'm not talking
HU>about temporary failure, like a business failing.  I'm still healthy. I
HU>can work, I can try again.  I'm talking about failing health.  Oh, I'm
HU>sorry, you can't work because of a bad back.  Well, the business you
HU>started will fail and your health insurance will lapse, and your family
HU>will be bankrupted to pay the health bills.  So sorry, better luck next
HU>life.

It's difficult to communicate a concept, capitalism, that doesn't
presume to provide any safety nets.  If we would spend less money on
real or perceived guarantees, all of the population would be better off.
It's hard to deal with a concept that assumes we will all be much better
off in all respects if we don't presume to provide 'free' rides to all.
If you want an income, you have to work, or invest, or...   If you want
to be lazy you cannot depend upon the 'system' to be there for you, etc.
So, that means that occasionally there might be someone who doesn't get
the kind of help you think he should get.  But I believe that there
would be fewer needing that support, and ultimately fewer people without
support than the current system provides today.  Not to mention less
opportunities for fraud and the like.

HU>>HU.What I was saying was that the current health care system makes
HU>>  .entrepreneurship even more risky, and that small businesses andindividual
HU>a
HU>>  .ore for health insurance because the big companies
HU>>  .get deals.  National health insurance would help level *this* field.
HU>>
HU>>Yeah.  Like the Federal Reserve Act did, right?  Leveled the ups and
HU>>downs of the private banking industry, right?  Right into the depression
HU>>when that house of cards failed!  Like farm subsidies - to level the
HU>>playing field and help those poor farmers.  So now, instead of a few
HU>>farms producing healthy crops, we got LOTS of farms - most of whom are
HU>>bankrupt.  That house of cards also failed.  You just can't get
HU>>something for nothing.  The constitution grants us 'the right to the
HU>>pursuit of happiness', not a right to happiness.  There's a rather big
HU>>difference.  And the Dems have never understood it.  Or perhaps, they do
HU>>understand too well, and get rich and powerful over it.

HU>I'm sorry, I do not know the specifics of the Federal Reserve Act.  How
HU>did this Act help cause the Great Depression?  I thought the main cause
HU>was the massive run up of the '20's, and when a natural correction hit
HU>(1929), the Fed made mistakes in monetary policy which choked off the
HU>money supply.  The differences between then and now are a smarter Fed,
HU>and much more government spending.

The Fed Res Act providing credit to banks, significantly reducing the
requirement for a realistic liquidity ratio.  Institutions, businesses,
and individuals borrowed on credit, bought stock on margins as low as
10%, and then turned around and used the leveraged 'cash' to borrow some
more.  It was a real house of cards.  That was the real downfall.  We
still have the Fed Res Act today, but with modified terms & conditions.
There is a lot of speculation on what might have 'triggered' the fall, a
couple of which you suggested, but the real CAUSE was the misguided
desire on the part of the government to provide a credit net for the
banks - the Fed Res Act.

Regards,
Todd
---
 . OLX 2.2 . Hard Work never killed anyone, so why chance it?