Message from @codrod

Discord ID: 647111266757771275


2019-11-21 16:21:27 UTC  

Even if it is true, I'm not sure what the appropriate number would be expected to be. Especially considering the internal costs of TRICARE will necessarily reflect the general costs of Healthcare, which we have caused to skyrocket.

2019-11-21 16:21:29 UTC  

So all personnel costs are over 1/2 but that includes VA

2019-11-21 16:23:06 UTC  

I think most service industries in the private sector hover around 50% of costs as labor costs.

2019-11-21 16:23:19 UTC  

Tricare includes suplemental health care not VA or actual mil health care right?

2019-11-21 16:23:20 UTC  

So that seems reasonable

2019-11-21 16:23:24 UTC  

I found 52B earlier.

2019-11-21 16:23:47 UTC  

Yeah TRICARE is active dity

2019-11-21 16:23:50 UTC  

Duty

2019-11-21 16:23:59 UTC  

VA is for the vets

2019-11-21 16:25:01 UTC  

TRICARE covers reserves too. Ok looks like Im misinformed. Its $52B which is 10% of the entire defense budget. According to mercatus center

2019-11-21 16:25:23 UTC  

Im not sure where I heard 1/3-1/2. Maybe it was calculated differently

2019-11-21 16:25:49 UTC  

Including the VA or some other commitments to perssonel

2019-11-21 16:26:02 UTC  

Well that could include all health care

2019-11-21 16:26:07 UTC  

Which sounds reasonable.

2019-11-21 16:26:19 UTC  

Plus I dont know if 52B include staff costs or just the base med costs.

2019-11-21 16:26:33 UTC  

But I know for a fact it is growing and alarming the planners at DoD

2019-11-21 16:27:13 UTC  

"planners at DoD"

2019-11-21 16:27:26 UTC  

my faith in that .... zero

2019-11-21 16:27:52 UTC  

No faith that DoD plans things out?

2019-11-21 16:28:48 UTC  

Or you think I am some bullshit artist?

2019-11-21 16:29:08 UTC  

No faith in their budgeting ability

2019-11-21 16:29:11 UTC  

mainly

2019-11-21 16:30:28 UTC  

I am worried no matter who wins politically, our country is headed over the edge in 10-20 years financially no matter what happens.

2019-11-21 16:30:44 UTC  

Good thing we don't have any manufacturing anymore to weigh us down.

2019-11-21 16:31:12 UTC  

We bring the whole world with us at least

2019-11-21 16:31:44 UTC  

Yes the budgeting ability is a disaster

2019-11-21 16:32:11 UTC  

I’m rather alarmed myself. Even Trump isn’t doing much to curtail spending

2019-11-21 16:32:41 UTC  

he saved a billion from Boeing, but I think that's about all 😂

2019-11-21 16:32:41 UTC  

No one seems to be able to

2019-11-21 16:32:43 UTC  

10 might be high, 5 is also totally possible.

2019-11-21 16:33:23 UTC  

Well japan has a debt to gdp ratio twice ours and they are still going strong

2019-11-21 16:33:36 UTC  

Yeah well

2019-11-21 16:33:36 UTC  

So they are a pretty good canary in teh coal mine

2019-11-21 16:33:48 UTC  

Japan is the only country worse then us and they're in an unusual spot.

2019-11-21 16:33:57 UTC  

When no one loans them any more money well know how much time weve got

2019-11-21 16:34:01 UTC  

Hahaha.

2019-11-21 16:34:33 UTC  

I'd have to look into it more, the question is how does Japan set up its public services, debt, foreign exposure, ect.

2019-11-21 16:34:53 UTC  

Maybe they're putting all their debt public vs us who have hidden it more in retirement areas.

2019-11-21 16:35:08 UTC  

Social Security and Healthcare.

2019-11-21 16:35:36 UTC  

are what cause it for us

2019-11-21 16:40:48 UTC  

Our SS system is technically never in debt. It's always got more assets than liabilities. However, those assets are government bonds. So our government's debt is mainly debt to itself. Or another way an IOU of our trust fund.