Isn't NOW the time for Health Insurance Reform? Would YOU vote for the Senate b  

What you have to understand is that our economy is still largest in the world, and has the ability to create huge amounts of revenue quickly. The US does have a large deficit, but ten years ago we had a budget surplus. If our debt was such an issue then why is it when ever we put up US bonds, the world continues to buy them up with no change in value (unlike much of Europe).

You are right about the revenue generation part.But there is something worth mentioning that the interest rate rised before the implementation of the loosened monetary policy,which suggested that the acceptance of the US treasury bond was falling a little,if not significantly.Let's imagine a worse scenario,when other countries are in trouble with their cash flow,who is supposed to pay the bill for American people?
Secondly,countries like China,Japan and oil producer countries are buying US bonds because it is by far considered a secured place to invest,but there is gonna be a breakthrough point.In the talk by China's premier,he fully expressed his concern over the quality of US treasury bonds and the value of US dollar.And also,China is putting more weightage of its foreign reserve on Gold,which is more stable in value.If America cannot realise the serious situation with its faith in monetary and fiscal policies,it can cause discontent by the creditors and will bring global turmoil.

God, one of the other reasons these countries purchase our bonds is because it is in their best interest. The US is the largest trading partner for all of these countries, and if they decide to stop funding us, then the US can slap tariffs on that countries products, and destroy their economy. Everyone is in this together, and if they don't work together than they all will collapse, and no one would like that.

Sorry about the typo,Obama is on record more then once saying the debt of the United States is unsustainable.
Why would any one in their right mind bury the country more in debt unless they have a plan to destroy the United States of American from with in.

Kenny, I noticed that you didn't mention that this would LOWER THE NATIONAL DEBT. I am sure that you just forgot to put that in there, and it was an honest mistake. I noticed that you pointed out the bankruptcy numbers: Did you know that the majority of them were do to MEDICAL BILLS. I am sure that you know this, and again it must have just slipped your mind.

When you mention these companies moving overseas I am sure that you know that US corporations that support communist countries are pushing manufacturers to move to China because of their large investment in China, and the fact that they can force them to lower their prices, and make more profit. I am sure that if you do a search for Lee Scott (former CEO of WalMart) and encouraging US corporations to move to China on CNBC's "Age of WalMart", you might actually learn something about this subject (pardon me if I don't hold my breathe).

When you quote numbers that doesn't mean a thing. For instance there was a study the the vast majority of Americans disapprove of the economic stimulus, but when you take them part by part, the vast majority approve of it.

Obama is correct, our debt isn't sustainable, but for all of you upset about this, why don't you ask republicans why they NEVER funded ANY of the wars that Bush fought? How did he think we would be able to spend hundreds of Billions that we didn't have on these wars?

It really should be in the Constitution that the federal government has a balanced budget every single year. The only exception should be when there are natural disasters that require government aid. Other than that the federal government should never go into debt, certainly not the way that it has. The best years in this country were when the federal government had balanced budgets. Politicians would be wise to remember that and stop sending this country into bankruptcy.

This is selfishness.I think you must have felt unfairly treated for other people who are in bad need of treatment are included in the system.I understand you.I sometimes feel the same way as you do.But there is a fact ignored by you that the American people are spending toooo much than they earn.What is the balance of your credit card bill?Is it a little bigger,bigger or a LOT bigger than the amount you pay for insurance premium?
Also,pls be aware that the government,by its very name,have the responsibility to use the tool we call transfer payment,which substancially improve the low incomers' life.I think it's time for both American government and American people to cut their spending,live below your means in order to make both ends meet.

God, I don't have any credit cards myself, and I pay over $600 a month between insurance, doctor appointments, and medications. I agree with you that Americans spend more money than we make, and it needs to stop. But, the irony is that if it wasn't for our spending, and the greed from corporate America, your country would still be in the 1800's. I am not trying to be mean, but you know as well as I do that this is a fact. So, while you are complaining about our spending, if we did what you wanted us to do, your country would spiral back into a completely government country communist country who's only employer would be the government. Something that no one in the world wants.

I am sure you are smart enough to see the problem here, and know one knows the answer.

It will hurt the Insurance Companies. They will be forced to accept all people who apply at the same rate as healthy people while reducing their premiums. Business will be able to pay a small fine and have the government pay for their insurance.

How do you know it is not a decent bill. According to Speaker Pelosi you won't know what is in the bill until it is passed.

I have read both versions of the bill. Both sucked.
As for Pelosi..it won't surprise me if she does not pull something like that...it is not like she has not done it before.