Short Quiz

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johnkarls
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Joined: Fri Jun 29, 2007 8:43 pm

Short Quiz

Post by johnkarls »

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SHORT QUIZ

1. Who coined the term "starve the beast” and what is meant by it?

2. In federal budgetary terms, what is the opposite of "starve the beast” and why is it (rather than "feed the beast”) the opposite?

3. Why were liberals so upset with President Obama's agreeing to extend for another two years the top individual income tax rate?

4. Is it possible to extend health-care coverage to an additional 30 million people at no cost?

5. Is it morally defensible to extend health-care coverage to an additional 30 million American citizens and refuse to extend it to America’s slaves (aka illegal aliens who are hired by American employers to work for less than the minimum wage, aka slave wages, with no legal rights that can be enforced without risking deportation)?

6. Wasn’t it President Obama's claim that illegal aliens would not be covered, which was made in his Health Care speech to the 9/9/2010 Joint Session of Congress, that provoked Rep. Joe Wilson to yell "You Lie!”?

7. How many slaves are there in America?

8. How was the cost of covering the additional 30 million American citizens financed, or is this merely an example of the budgetary tactic of "growing the beast” and trying to force your political opponents to help finance the beast's growth?

9. How much is the national debt and who holds it?

10. Aren't U.S. dollars nothing more than zero-coupon long-term debt obligations?

11. How much has the amount of zero-coupon long-term debt obligations of the U.S. government (aka US dollars) grown since the economic downturn?

12. Is the amount of zero-coupon long-term debt obligations (aka US dollars) even included in the total outstanding debt of the US government?

13. Why is it worthwhile to think of US dollars as zero-coupon long-term debt obligations? Are there current and/or historical examples of countries whose economies do/did not run on the country's own currency?

14. If a country is forced to operate on a foreign currency, has it surrendered most of its ability to combat economic downturns and unemployment?

15. Why did Greece go bankrupt? Ireland? Portugal?

16. Why, in each case, did the other members of the European Union even think of bailing out the culprits? (After all, none of the three bankruptcies has any more direct bearing on the Euro than would the bankruptcies of three British companies that happen to use the British Pound Sterling as their functional currency.)

17. If U.S. interest rates increase from essentially 0% to 10%, as could easily happen if U.S. governmental debt achieves junk-bond status, how much of the U.S. Gross Domestic Product (“GDP”) would have to be taxed away in order merely to pay the interest on the existing U.S. national debt?

18. Is the Democratic Party likely to lose control of the U.S. Senate in the 2012 elections as a result of these issues? Was the DP likely to lose control anyway?

19. What was the real aim of the Congressional Republicans in engineering Thursday's Congressional vote to task four committees starting with House Ways & Means to examine how Health-Care Reform was financed (or not) and whether the "cost curve" for health care was bent (or not)?

20. What was the social status of doctors in the old Soviet Union and how did their average income compare to that of teachers? What was the quality of medical practice in the old Soviet Union?

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