We are going to have start spending money as well in certain areas. We need to spend it on infrastructure, alternative energy and education and health care-- in short a healthy and productive work force. It is a cost to carry the uneducated and the needlessly sick in our society. This expenditure will take some borrowing. Just like it is not good from a personal wealth point of view to blow $100k on a birthday party, but $100k spent on a financially helpful degree is a good investment, so it is with government spending. Some is a waste and some if a great investment for future American prosperity.
I hope Obama is smarter than that.......and cuts accordingly.....starting with the military.....and freezing salaries in Congress etc... Glynch, I concur, but I like Clinton's idea of pay as you go...if you put a new spending measure in place you have to cut an old one... And, I would start spending a LOT more at home and a lot less on foreign governments. DD
We probably see economics closer than it appears. I think we need to keep education as a priority. We need to develop our industry base and focus on innovation and opportunity. We need to continue to broadening of small business growth, especially since minorities are growing this base also. We need to really get better at adding value, profit and good old fashioned hard work and smarts to the economy. I favor a economic think tank that is not politically aligned that works with business and govt. to make us globally competitive and productive. Bottom line though is the increase in debt/ money supply and the manipulation of the Fed in markets and money supply is dangerous to the sound principles of business. You are a small business owner, you wouldn't operate very long the way policital economics operates in Washington. We must expand our tax base by expanding our industry. We must balance our GDP by limiting federal debt. and interest rate manipulation by the Fed and by using a better tax code whether it be consumption based or whatever really is effective. We really need to think through how we got to this point and really consider how to get out with the least pain. But I really have no clue how to do that. I think this current crisis can be averted possibly, but it looks like the short term work of debt/credit stimulation is the driving force and that looks bad to me for our children. Just trying to figure out who is going to pay for the mess, misses the right solution in my opinion
You trust politicians much more than I do. I agree with your principles but I wouldn't hand them over to Washington.
I agree, just look at the bailout plan, it started as 3 pager, and ended up over 400 pages with tons of pork for various votes. DISGRACEFUL ! I would be in favor of full transparency on these matters....call out the people screwing our country on bridges to nowhere. DD
OK- so let's put the bill on those making 250K plus and see how it all works out. We have to get someone to start paying sooner or later (we have alot of debt to pay off if the govt. stops spending tomorrow) I'm all for rolling the dice, I sure don't make over 250K.
You trust corporations more than I do, perhaps. I do trust corporations to make a buck, no matter how bad it is for society. Example the tobacco industry or the health insurance industry with its disgraceful denial of care. I'm not sure private corporations are always so efficient. Look at the mess they created in banking. Also look at the thread where folks talk about how they work just one hour or so a day. I don't think they are government workers. A mixed economy is best. I think we have gone too far with our hatred of government and we see it in the financial mess. We can vote politicians out. I feel like we have less control over the head of Goldman Sachs or Citibank. I know I own a few shares through a mutual fund or whatever.
It'd be something if one day we found out that the evil private corporations and the evil govt. were basically on the same page and laughing all the way to the country club at the expense of the citizens. I don't trust big corporations or most any greedy person to do what's best for all. Just to set my personal record straight, in God I trust.
I don't trust the 51% that can decide to increase tax on the other 49% so that the 51% can get more benefits.
