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wall_rus

08/29/09 11:16 AM

#444415 RE: sylvester80 #444386

A lot of "if'n" and "assumin'" there, don't ya think?

"by 2019, net federal debt will be around 70 percent of G.D.P. That’s not good, but it’s within a range that has historically proved manageable for advanced countries, even those with relatively weak governments"

But how would that play out for countries that don't produce ANYTHING? It's not quite as simple as Krugman always portrays. If even ONE major debtholder starts dumping its dollars, the US financial system would crash overnite.

That said, he is correct that tightening belts, as was done in the last great depression, is not the answer either. Someone once asked me how to get out of a mess they were in. My answer was that I would never have gotten myself into it to begin with. Sometimes there is no good answer. Not a position I like to be in.

While all this is going on, people should begin to analyze what got us here. It wasn't just the past administration. It's been a history of money and abuse not withstanding what the SC says about "free speech". Any 5th grader knows what a bribe is. We will not have a government "for the people" until we remove the money from politics.
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SOROS

08/29/09 1:03 PM

#444456 RE: sylvester80 #444386

. . . First, the recession has led both to a sharp drop in tax receipts and to increased spending on unemployment insurance and other safety-net programs.

SOROS NOTE: Have a litmus test to offer jobs of illegal aliens who have been booted out of the country with benefits cut off, instead of looking for ways to EXPAND those benefits, and for those who are proven they can work, but simply don't want to, cut their benefits off as well. Have you ever seen one of the hundreds of interviews of people all over the country saying, "I can't make as much employed as I get in free benefits, so why should I work?" I, personally, know at least 10 people receiving benefits, at the tax-payers' expense, that should NOT be receiving them. I know a couple of people on Medicaid, who have had at least 3 operations and other procedures costing, in one case, over $2 million dollars. Multiply that by THOUSANDS and THOUSANDS, and you see how large the problem. But a TON of that COULD be dealt with and corrected, if we did not live in a country that mourns the loss of a mouse in California or a fish off the Florida coast. Cut off the lazy. Expel the illegals. That will increase tax revenues.

Better solution? Combine cutting off those who should NOT be stealing the hard work of responsible Americans, and also cut off the income tax completely. Abolish the IRS. Institute a retail level consumption tax with exemptions for 1 residence, 1 vehicle, set amount of food per person, insurance, and set amount of utilities. Raise massive more in taxes. Catch the illegal cash crowd. Force the super-rich to pay tons more because the consume tons more. Even catch the illegals and others (who they will never expel, but should). Why won't it happen? Because "It's the politics, stupid!" ALL the politicians are greedy, crooked bastages getting their palms greased by special interests. Combine that with a group who consider themselves sultans, above the laws, and consider the typical American person a mere sheep -- worthless compared to them. They can kill people and receive a hero's funeral when they die. They can kill hundreds of thousands of innocent people in other countries because they gave too much power to another "leader" who views himself a sultan,like our own, who turns on them. Enough said.

. . . In particular, it has to rein in the growth of Medicare and Medicaid spending.

Medicaid -- expel the illegals, make the lazy work, and health care and Medicaid will right themselves. Won't happen. Why? "It's the politics, stupid!"

. . . Instead, it’s the politics, stupid.

Stop supporting either side of this good old boy/girl club in Washington. Stop closing your eyes to abuse on one side. Open them to the equal abuse on BOTH sides. Until someone with the charisma and clout can rally the American people and get laws and procedures (eg -- term limits) accomplished, the country will eventually face a massive economic collapse that will result in a one world government -- and that, BIG HINT, is NOT a good thing, no matter what the "stupid politicians" tell you.
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Cotswald

08/29/09 9:31 PM

#444539 RE: sylvester80 #444386

Let's print a bunch of money and give everyone a million $$$,then we could all play monopoly with greenbacks---because that is all the dollar would be good for.