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View Diary: If you think sequester will be bad, wait until they gut Social Security (195 comments)

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  •  well that's one way to look at it (0+ / 0-)

    no good news, ever!  If you hear good news, it's a lie.  If you hear bad news, the truth is worse.  The only way you can know something is true is if the news is so bad your ears start to bleed as soon as you hear it.

    •  Horse hockey! (4+ / 0-)

      Using real people's lives, are things improving for them or getting worse? The counting stats are what they are. If feeling good or not feeling bad is your concern... well that's a different thing that what is actually happening, isn't it?

      Food stamps, unemployed, homeless, foreclosed, wage decrease, cashing in 401K and retirement accounts, increase in children living in poverty, decrease in numbers of employed, inflation of life necessities (which affects only 95% of the people) at 9% and growing, continual outflow of good paying jobs off shore, raising of federal and state and local taxes....

      All these are increasing. So there's figures showing rich people and companies are getting richer, but they also don't put the money into the US, and that's like, what? cheery news?

      And about GDP as an indicator here's a thought experiment: say 300,000,000 Americans have to go into the hospital today for an overnight stay. Given a one-day cost of hospitalization at $10,000, the GDP will officially rise by $3,000,000,000,000 ($3 trillion). In fact in the real world, 19% of GDP comes from medical/insurance costs. See why it doesn't really tell you anything about the actual production of an economy?

      Sorry I'm not happy we're in a Great Depression and the politicians are doing what they can to make it worse for people.

      We live in a nation where doctors destroy health; lawyers, justice; universities, knowledge; governments, freedom; the press, information; religion, morals; and our banks destroy the economy. -- Chris Hedges

      by Jim P on Fri Mar 01, 2013 at 11:49:31 AM PST

      [ Parent ]

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