9/27/2008 Ron Paul Advisor Peter Schiff On Your Money

He doesn't seem to have an understanding of math and science either. I posted a similar message in another video, but most of his detractors seem to think VERY non-mathematically and don't understand science, data gathering, and data interpretation. They also seem to be unable to make logical steps, but that's very common.

Medicare is broke. Medicaid is broke. Social Security is broke. Amtrak is broke. Post Office is broke. Berkley? It's ran as a private organization with federal funding. So, let me say again. Show me an example of government spending producing profits, lowering costs, raising quality...

show some profit figures for city owned utilities and I'll take that.

Um, it's not about profit, it's about providing a good service to consumers. That's the whole point of public ownership. You asked for good prices and good quality, not profits for the controllers.

It's not just providing goods and services. It's about raising quality and lowering cost, neither of which the government is capable of doing (hence the question). It kind of is about profit margins because the taxpayer subsidizes all losses over and above the initial cost to them. As a taxpayer I do not approve. That is all I have to say on the subject, if you do not get it, then you do not get it. Believe whatever you want to believe.

You are wrong. It is not necessary to make a profit in order to provide a good product. There are several non-profit HMOs in the US today. It is only necessary to break even. In fact, one way to become nonprofit is to lower your prices and increase your quality (i.e. cost of production) to the point that it shrinks your profits to zero. That is simple accounting. A government is a large organization just like a company and has the same inherent abilities, only it's accountable to voters.

Profits are irrelevant. Medicare is not broke now but will be when all the boomers start enrolling, unless we do something to fix it. It provides good health coverage to seniors however, with much lower overhead that private insurance. It's just coming up against a demographic shift.

You didn't answer my examples of NIH and NSF, because they are unassailable. UCB is a public school supported by the gov. So are UT Austin, UCLA, West Point, UNC, Naval Academy.