chadbaud

Could you expound? I feel the exact opposite, and I'm genuinely curious why you feel that way.

I'm pro-universal health care for the US. Hell, I pay over $28,800 in health care premiums a year for my family. Not real happy with the status-quo.

What I'm saying is people are not able to afford healthcare and defaulting to Medicaid at a high rate. I think this is an interesting measurement of people who are falling outside of the planned economy. In the US, you "should" be able to afford heathcare, that's what is planned for. But, now we have almost 20% of citizens relying on Medicaid.

Yup. That's a lot of the growth between 2000 and 2010. I guess a better indicator would be the growth between 2013 (post Obamacare boom) and today. That has gone from 56,533,472 to 73,355,220.

Another interesting datapoint is medicaid enrollment. It's WAY up. If you look at it over the last 18 years:

2000: Enrolled: 31,743,700 | % of country: 11%

2010: Enrolled: 50,314,600 | % of country: 16%

2018: Enrolled: 73,355,220 | % of country: 22%

Although there was an expansion in Medicaid in 2009, these numbers are still showing there are more people who can't afford the basics.

I agree with you about protecting the public, no one needs to be coddled.

But when parties enter into a transaction, there should be repercussion in the case of fraud. That never happened. One party in a transaction was lied to and there was no repercussion to the other party.

Also, thanks for taking the time to respond, really enjoy debating this topic. Wish it could be in more real time.

In a functioning market, a buyer would not have received a loan, no matter how much they wanted to over extend themselves. But, because fraud was being committed from the rating agencies, investment banks and mortgage originators, they got the loan.

I understand what you saying, but I think you underestimate the lack of accountability that allowed people to get loans they were not in the best interest of anyone.

They had every right to believe their homes were going up in value and make decisions accordingly, especially from 2003-2006. Subprime lenders were selling loans to people who were not qualified to have loans that greatly inflated the housing prices. It doesn't matter if they person signed off on a mortgage, by law, they shouldn't have received it.

People were making decisions in a market they thought was fair. But, that market was fraudulent created by originators and bankers trying to make a quick buck.

The banks did cause it to happen. They had an insatiable appetite for mortgage backed securities and would shop credit rating agencies (who were newly public companies) to get a AAA rating on total garbage they knew would explode.

Municipalities and pension funds would buy AAA securities even though the originators and packagers of the mortgagers knew they were garbage.

It was a big fraud caused by the bankers greed.

Trying to figure out how to market my side project. https://www.printpost.co

Any suggestions welcome.

Kansas City is worth a look