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	<title>Comments on: US Austerity Coming Says Obama – How it Will Affect You</title>
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	<description>Financial Evolution for the Masses</description>
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		<title>By: Justin</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-5520</link>
		<dc:creator>Justin</dc:creator>
		<pubDate>Tue, 13 Sep 2011 05:29:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-5520</guid>
		<description>&quot;And big pharmas don’t have a monopoly. &quot;  - They may not have monopolies, but the unfunded Medicare Part D (passed into law by George W. Bush and a Republican Congress in 2003) is a HUGE liability.  By the design of the program, the federal government is absolutely NOT permitted to negotiate prices of drugs with the drug companies (as federal agencies do in other programs).  The expense to our debt is mind-blowing.  

&quot;At last count, there were hundreds of pharmas and biotechs and most major therapeutic categories have at least 2-3 new innovative drugs and more generically available. &quot;   -As for-profit corporations, the incentive to create &quot;innovative&quot; drugs is driven by profit maximization.   As such, many billions go into research for new heartburn medications over less profitable therapeutic drugs.  The incentive to produce blockbuster profits supersedes preventative medicine all too much.

&quot;Perhaps you’re referring to their pricing. But that funds research. Take away profit motive? No new cures.&quot;  -The National Institutes of Health (NIH), which funds researchers at more than 3,000 US institutions, has done an amazing job of finding new cures (such as Polio).  In addition, because they are for-profit, the U.S. pharmaceutical industry spends almost TWICE as much on promotion as it does on research.  This includes paying most pharmaceutical representatives over $100,000 a year to provide free lunches.  

Imagine how many &quot;new cures&quot; we would have if all this money was sent to our Universities instead.</description>
		<content:encoded><![CDATA[<p>&#8220;And big pharmas don’t have a monopoly. &#8221;  &#8211; They may not have monopolies, but the unfunded Medicare Part D (passed into law by George W. Bush and a Republican Congress in 2003) is a HUGE liability.  By the design of the program, the federal government is absolutely NOT permitted to negotiate prices of drugs with the drug companies (as federal agencies do in other programs).  The expense to our debt is mind-blowing.  </p>
<p>&#8220;At last count, there were hundreds of pharmas and biotechs and most major therapeutic categories have at least 2-3 new innovative drugs and more generically available. &#8221;   -As for-profit corporations, the incentive to create &#8220;innovative&#8221; drugs is driven by profit maximization.   As such, many billions go into research for new heartburn medications over less profitable therapeutic drugs.  The incentive to produce blockbuster profits supersedes preventative medicine all too much.</p>
<p>&#8220;Perhaps you’re referring to their pricing. But that funds research. Take away profit motive? No new cures.&#8221;  -The National Institutes of Health (NIH), which funds researchers at more than 3,000 US institutions, has done an amazing job of finding new cures (such as Polio).  In addition, because they are for-profit, the U.S. pharmaceutical industry spends almost TWICE as much on promotion as it does on research.  This includes paying most pharmaceutical representatives over $100,000 a year to provide free lunches.  </p>
<p>Imagine how many &#8220;new cures&#8221; we would have if all this money was sent to our Universities instead.</p>
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		<title>By: Darwin</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-5455</link>
		<dc:creator>Darwin</dc:creator>
		<pubDate>Mon, 12 Sep 2011 02:10:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-5455</guid>
		<description>Paul Krugman would be proud.  So, what do you suppose would happen to interest rates on US Treasurys in the event we borrowed an extra couple Trillion per year over projected rates.  You know, if our debt didn&#039;t matter?  You think the 10-Year would still be at 1.9% and we could continue to roll our debt?  
No, as soon as the route in Europe is done, the US is next.  Within a few years, it&#039;s time here.</description>
		<content:encoded><![CDATA[<p>Paul Krugman would be proud.  So, what do you suppose would happen to interest rates on US Treasurys in the event we borrowed an extra couple Trillion per year over projected rates.  You know, if our debt didn&#8217;t matter?  You think the 10-Year would still be at 1.9% and we could continue to roll our debt?<br />
No, as soon as the route in Europe is done, the US is next.  Within a few years, it&#8217;s time here.</p>
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		<title>By: rodney rondeau</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-5444</link>
		<dc:creator>rodney rondeau</dc:creator>
		<pubDate>Sun, 11 Sep 2011 20:33:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-5444</guid>
		<description>the us does not need to cut. the defecit is not a problem. this is a power grab by big banks and big business. the us issues its own money and is its own creditor. It borrows its own ious to manipulate the interest rate. the first day we had government and it said you owe me 100 us dollars. how in the world was it paid  unless the government spent dollars first. truth is taxes give the governments money value. we are not runnign out of money. banks would just rather we borrowed it from them. that is the real issue.</description>
		<content:encoded><![CDATA[<p>the us does not need to cut. the defecit is not a problem. this is a power grab by big banks and big business. the us issues its own money and is its own creditor. It borrows its own ious to manipulate the interest rate. the first day we had government and it said you owe me 100 us dollars. how in the world was it paid  unless the government spent dollars first. truth is taxes give the governments money value. we are not runnign out of money. banks would just rather we borrowed it from them. that is the real issue.</p>
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		<title>By: Fred</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-2852</link>
		<dc:creator>Fred</dc:creator>
		<pubDate>Wed, 16 Mar 2011 08:03:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-2852</guid>
		<description>It appears that fiscally conservative governors across the U.S. are waging a war on public sector unions. Cutting collective bargaining rights and potentially the wages and salaries of public sector workers. One might be inclined to assume that states with higher mandated minimum wages will probably repeal those laws to attract businesses too.</description>
		<content:encoded><![CDATA[<p>It appears that fiscally conservative governors across the U.S. are waging a war on public sector unions. Cutting collective bargaining rights and potentially the wages and salaries of public sector workers. One might be inclined to assume that states with higher mandated minimum wages will probably repeal those laws to attract businesses too.</p>
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		<title>By: ETFs on the Move – Sectors and Strategies</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-1971</link>
		<dc:creator>ETFs on the Move – Sectors and Strategies</dc:creator>
		<pubDate>Mon, 24 Jan 2011 18:13:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-1971</guid>
		<description>[...] With many investors turning their backs on the US fearful that Obama wrecked the economy and Austerity likely to crimp growth in the developed world, emerging markets hold the only remaining potential [...]</description>
		<content:encoded><![CDATA[<p>[...] With many investors turning their backs on the US fearful that Obama wrecked the economy and Austerity likely to crimp growth in the developed world, emerging markets hold the only remaining potential [...]</p>
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		<title>By: Darwin</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-1675</link>
		<dc:creator>Darwin</dc:creator>
		<pubDate>Thu, 23 Dec 2010 14:20:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-1675</guid>
		<description>On TARP, it depends how you measure and when you measure, but here&#039;s a recent NYTimes article pointing out that it&#039;s closing the gap down to under a $50 Billion cost with making profit as entirely plausible.  I guess at the time, it should have read &quot;not cost nearly what was portrayed initially&quot;, but who knows, in a few months with a few more stock sales, we may be in the green.  

http://www.nytimes.com/2010/10/01/business/01tarp.html?_r=2&amp;=dbk</description>
		<content:encoded><![CDATA[<p>On TARP, it depends how you measure and when you measure, but here&#8217;s a recent NYTimes article pointing out that it&#8217;s closing the gap down to under a $50 Billion cost with making profit as entirely plausible.  I guess at the time, it should have read &#8220;not cost nearly what was portrayed initially&#8221;, but who knows, in a few months with a few more stock sales, we may be in the green.  </p>
<p><a href="http://www.nytimes.com/2010/10/01/business/01tarp.html?_r=2&#038;=dbk" rel="nofollow">http://www.nytimes.com/2010/10/01/business/01tarp.html?_r=2&#038;=dbk</a></p>
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		<title>By: Truckin' Ronn</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-1669</link>
		<dc:creator>Truckin' Ronn</dc:creator>
		<pubDate>Mon, 20 Dec 2010 19:21:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-1669</guid>
		<description>Interesting retort. I am in general agreement with you but please expand on the last statement &quot;In fact, the TARP bank bailout was actually PROFITABLE for taxpayers.&quot;
By the way I am an over the road truck driver who sees the economy from ground level. Post Christmas is going to be very harsh. I am delivering next weeks economy and I am currently sitting in Oregon praying for a load! The truckstop is nearly full at midday. Always a bad sign.
I have only recently began reading your column, thus far I find it informative and insightful. I don&#039;t always agree, but you would hardly be interesting to read if I did!</description>
		<content:encoded><![CDATA[<p>Interesting retort. I am in general agreement with you but please expand on the last statement &#8220;In fact, the TARP bank bailout was actually PROFITABLE for taxpayers.&#8221;<br />
By the way I am an over the road truck driver who sees the economy from ground level. Post Christmas is going to be very harsh. I am delivering next weeks economy and I am currently sitting in Oregon praying for a load! The truckstop is nearly full at midday. Always a bad sign.<br />
I have only recently began reading your column, thus far I find it informative and insightful. I don&#8217;t always agree, but you would hardly be interesting to read if I did!</p>
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		<title>By: Darwin</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-1308</link>
		<dc:creator>Darwin</dc:creator>
		<pubDate>Thu, 02 Dec 2010 03:19:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-1308</guid>
		<description>Wow, that&#039;s an impressive rant :&gt; Thanks for the impassioned reply seriously though.  There are some problems with your logic though.  To address just a few:

&quot;google pays what a paltry 2.4% on their earnings? when everyone else pays 30%&quot; - I somehow doubt you pay an effective 30% tax rate.  And Google is following tax law.  As a shareholder, wouldn&#039;t you expect that a corporation you invest in seeks to minimize their tax burden?  Don&#039;t you?  I take deductions for my kids, mortgage, etc.  It&#039;s legal and why wouldn&#039;t I?  Same with Google.

&quot;no more gmo’s! get rid of big pharma monopolies&quot; - GMOs are responsible for preventing the starving deaths of countless millions of people worldwide annually.  And big pharmas don&#039;t have a monopoly.  At last count, there were hundreds of pharmas and biotechs and most major therapeutic categories have at least 2-3 new innovative drugs and more generically available.  Perhaps you&#039;re referring to their pricing.  But that funds research.  Take away profit motive?  No new cures.  I&#039;d be willing to be at some point in your life you&#039;ve either been vaccinated or needed medication.  You can thank profit motive for saving your life.

&quot;stop telling the american people to tighten their belts when it’s NOT their responsibility. the bankers and financiers got us into the financial calamity, then they should be the ones paying to get us out.&quot; - The banks didn&#039;t put the US in a $14 Trillion debt hole.  You can thank decades of bloated government spending, but not the banks.  In fact, the TARP bank bailout was actually PROFITABLE for taxpayers.</description>
		<content:encoded><![CDATA[<p>Wow, that&#8217;s an impressive rant :> Thanks for the impassioned reply seriously though.  There are some problems with your logic though.  To address just a few:</p>
<p>&#8220;google pays what a paltry 2.4% on their earnings? when everyone else pays 30%&#8221; &#8211; I somehow doubt you pay an effective 30% tax rate.  And Google is following tax law.  As a shareholder, wouldn&#8217;t you expect that a corporation you invest in seeks to minimize their tax burden?  Don&#8217;t you?  I take deductions for my kids, mortgage, etc.  It&#8217;s legal and why wouldn&#8217;t I?  Same with Google.</p>
<p>&#8220;no more gmo’s! get rid of big pharma monopolies&#8221; &#8211; GMOs are responsible for preventing the starving deaths of countless millions of people worldwide annually.  And big pharmas don&#8217;t have a monopoly.  At last count, there were hundreds of pharmas and biotechs and most major therapeutic categories have at least 2-3 new innovative drugs and more generically available.  Perhaps you&#8217;re referring to their pricing.  But that funds research.  Take away profit motive?  No new cures.  I&#8217;d be willing to be at some point in your life you&#8217;ve either been vaccinated or needed medication.  You can thank profit motive for saving your life.</p>
<p>&#8220;stop telling the american people to tighten their belts when it’s NOT their responsibility. the bankers and financiers got us into the financial calamity, then they should be the ones paying to get us out.&#8221; &#8211; The banks didn&#8217;t put the US in a $14 Trillion debt hole.  You can thank decades of bloated government spending, but not the banks.  In fact, the TARP bank bailout was actually PROFITABLE for taxpayers.</p>
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		<title>By: samuntha</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-1307</link>
		<dc:creator>samuntha</dc:creator>
		<pubDate>Thu, 02 Dec 2010 03:09:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-1307</guid>
		<description>how about tax big business? google pays what a paltry 2.4% on their earnings? when everyone else pays 30%+. congress passes laws that are good for big ag, banks, and wall street. the us is a heavy contributor to the imf. sending out money to bail out europe. now it&#039;s s510 to take growing rights away from americans and small farmers. i&#039;m tired of monstano and conagra. no more gmo&#039;s! get rid of big pharma monopolies. no more corporate welfare. start truth in labeling and real third party research studies. 

let us get back to basics. dismantle the fed reserve. don&#039;t pay them or anyone else in the world one more cent. open up state run banks backed by gold and silver. get rid of austerity measures; they&#039;re stupid and unnecessary. forget a one world government it&#039;s costing us our economy, taxes, and jobs. end all treaties (the un should have no power over us and nafta/nau are terrible). employ tariffs to unfair trade practitioners (like china). tax investments and bonuses, and not our hard earned money! get rid of the global warming farce (the green economy killed spain and the science does not support climate change). no more bribes to congress (no business can &quot;donate&quot; to any politician&#039;s funds). no more ear marks for politicians. no more wars (cut the budget to the pentagon by 3/4). secure our borders instead. it&#039;s better to make friends then enemies.

if we got back to limited government and stop stealing out of social security (which would make it solvent), then we would be getting somewhere. first though, the fed reserve and its cronies must be arrested for being financial/economic terrorists. afterward, get rid of the un-patriot act. so we again can gain money by eliminating homeland security, the tsa, and atf. 

wow, was that simple. do the right thing. stop telling the american people to tighten their belts when it&#039;s NOT their responsibility. the bankers and financiers got us into the financial calamity, then they should be the ones paying to get us out. it&#039;s their gambling problem... with mortgages, stocks, and commodities that should have been regulated by state gaming regulations. 

pass a law that federal, state, and local employees as well as corporations and their employees cannot be above the law, no more waivers, no more free lunches especially at the cost of another person. as well, no corporate interest can have equal or heavier weight then individual americans. maybe then we could get polluters under control and make them clean up their messes (which includes the us government). 

the american people are fed up with corporate congress, buy-what-we-tell-you presidents and state governments (car, house, health insurance welfare), and politically motivated supreme court justices.

get the money from the corporate welfare recipients that caused this mess. my bank account is closed.</description>
		<content:encoded><![CDATA[<p>how about tax big business? google pays what a paltry 2.4% on their earnings? when everyone else pays 30%+. congress passes laws that are good for big ag, banks, and wall street. the us is a heavy contributor to the imf. sending out money to bail out europe. now it&#8217;s s510 to take growing rights away from americans and small farmers. i&#8217;m tired of monstano and conagra. no more gmo&#8217;s! get rid of big pharma monopolies. no more corporate welfare. start truth in labeling and real third party research studies. </p>
<p>let us get back to basics. dismantle the fed reserve. don&#8217;t pay them or anyone else in the world one more cent. open up state run banks backed by gold and silver. get rid of austerity measures; they&#8217;re stupid and unnecessary. forget a one world government it&#8217;s costing us our economy, taxes, and jobs. end all treaties (the un should have no power over us and nafta/nau are terrible). employ tariffs to unfair trade practitioners (like china). tax investments and bonuses, and not our hard earned money! get rid of the global warming farce (the green economy killed spain and the science does not support climate change). no more bribes to congress (no business can &#8220;donate&#8221; to any politician&#8217;s funds). no more ear marks for politicians. no more wars (cut the budget to the pentagon by 3/4). secure our borders instead. it&#8217;s better to make friends then enemies.</p>
<p>if we got back to limited government and stop stealing out of social security (which would make it solvent), then we would be getting somewhere. first though, the fed reserve and its cronies must be arrested for being financial/economic terrorists. afterward, get rid of the un-patriot act. so we again can gain money by eliminating homeland security, the tsa, and atf. </p>
<p>wow, was that simple. do the right thing. stop telling the american people to tighten their belts when it&#8217;s NOT their responsibility. the bankers and financiers got us into the financial calamity, then they should be the ones paying to get us out. it&#8217;s their gambling problem&#8230; with mortgages, stocks, and commodities that should have been regulated by state gaming regulations. </p>
<p>pass a law that federal, state, and local employees as well as corporations and their employees cannot be above the law, no more waivers, no more free lunches especially at the cost of another person. as well, no corporate interest can have equal or heavier weight then individual americans. maybe then we could get polluters under control and make them clean up their messes (which includes the us government). </p>
<p>the american people are fed up with corporate congress, buy-what-we-tell-you presidents and state governments (car, house, health insurance welfare), and politically motivated supreme court justices.</p>
<p>get the money from the corporate welfare recipients that caused this mess. my bank account is closed.</p>
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		<title>By: Roger, the Amateur Financier</title>
		<link>http://www.darwinsmoney.com/us-austerity/comment-page-1/#comment-1218</link>
		<dc:creator>Roger, the Amateur Financier</dc:creator>
		<pubDate>Mon, 22 Nov 2010 17:13:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsmoney.com/?p=57#comment-1218</guid>
		<description>*Sigh*  I&#039;m not going to call you a cynic, because that sounds like my thoughts on the subject, as well; without a crisis to force the cuts (and probably tax increases, as well), we&#039;re unlikely to get things under control any time soon.</description>
		<content:encoded><![CDATA[<p>*Sigh*  I&#8217;m not going to call you a cynic, because that sounds like my thoughts on the subject, as well; without a crisis to force the cuts (and probably tax increases, as well), we&#8217;re unlikely to get things under control any time soon.</p>
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