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WhiskeyTangoFoxtrot writes:

in response to KlausStoertebeker:

" In Europe they choose the latter and call it austerity. That has the same effect on the economy as raising taxes. It's a catch 22. Either way the rising costs caused by government spending to mask the state of the real economy kills you."

By all this terrible healthcare crab in Europe can you explain me, WHY European healthcare insurance companies have absolute high records in profits and revenues?

Klaus,
I don't know what you are asking? If you are asking why health insurance companies are making record profits in Europe I can only speculate. Record high premiums and lower cost procedures and Rx there than here in the US. Why would anyone in Europe even buy health insurance? Isn't is all free there?

Health insurance companies here in America are doing pretty well too. Why? Because there is no competition. They lobby DC. DC does what makes the Health insurers and DC more money.

What I wrote regarding rising taxes or austerity was in regards to governments. Ask the Irish, Greeks, or Portuguese how they like austerity measures being forced on them. Spain and Italy will be where the real fun begins.

It is interesting that Rush is now saying economic collapse is coming. In keeping with his theme he says it will only happen if Obama has 4 more years. I wish he would explain to his audience how the R&R ticket is going to reverse 30 years rapid credit expansion, huge entitlement expansion, 20+ years of middle class jobs being off shored, a health care system with costs rising 9%+ every year, and $60 trillion in unfunded liabilities. It is encouraging though that people like him are starting to see the light.

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