Still waiting for a final confirmation, but assume that we really dodged a bullet this time.

I intended to start this blog with a little further explanation on the "universal health care" and "balance the budget in three years", and i will, but i want to address one thing right off.

Some fellow pointed out a problem with "the single currency" point in Globanomics, and i think he is right.  It does not need to be a single currency, but the dollar must still be used as the measure.

Now back to universal health care and balancing the budget.  

First of all, the argument for universal health care comes from an article that i wrote earlier for Talkmarkets.  Globanomics shows that the U.S. spends almost twice as much on health care (both in dollar and pct of GDP) as our peer nations without any better (and in most cases, worse statistics than our counterparts).  Show the people the 4000% stock market increase in the health insurance industry, and show how that differs from even better known stocks such as Apple, Amazon, Exxon-Mobil, Walmart, etc.).  If you cannot win that argument across both isles of Congress, then we really are in trouble, or we need to win both houses of Congress.  Beat this home and make the public mad with the real figures.  Now here is the link to that article if you missed it before:

https://talkmarkets.com/content/us-markets/evaluation-results-from-the-health-care-module-of-my-macro-globanomic-model?post=252456

Second, on the balance the budget thing.  I have looked at the budget and it has historically come in like the following (22% of GDP in costs, 18% of GDP in revenue--regardless of which party is in charge).  Set both at 20% and budget on that.  In fact, keep revenues at 20%, and get your costs down to 19%.  We need to start paying off some of our debt.  Oh and yes, have business pay their fair share of the 20%--and let me know if any arguments they would have against it.

I know in the next year we might have to take a big budget hit while stimulating the country, but after that, there will be no excuse for not balancing the budget.  Now here is a way to get costs down.  With Globanomics you should be able to reduce defense spending and health care spending--that should become clear fairly early on.  And here is what you do with health care.  You tell people (that is the medical community) that in year three of the Administration health care payments for the same services we are getting today are going to be 60-67% of the rate today.

How did i come up with that figure?  It's in relation to how much more than what our peers have to pay.  You do the calculation, it might be even a larger drop.

Now with the pandemic over, globanomics in place, a real fair view of our health care system, everything above can be done.

As who in the medical industry gets the new 60% share i would leave for them to work out, but i assume doctors and nurses will still get their fair share.

All of the above seems rather simple to me.