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Are you kidding me? All the money spent and our country is no better off. They are only spending money to pay off people. They don't care about our Country...they only want more power...yeah so screw the people...and then go on TV and say, BUSSSSSSSSSSSSHHHHHHH was so bad that it's going to cost more money to fix everything....You buy that then your the fucking crazy one.okie dokie...
Er...if you want the middle class to have money to spend how does raising their taxes help you towards that goal?
Wall Street Journal dude was on the news this morning saying raising the federal min wage was the stupidest thing you could do during a recession.
Also said the best way to fix it would be to give the stimulus money directly to the people.
Raising the minimum wage is certainly the wrong thing to do, especially during a recession. The higher the minimum wage the more unemployment there's going to be.
I don't agree with giving the stimulus money to the people, however. Don't pass a stimulus at all and simply allow the people to keep the money that they earned makes far more sense.
Er...if you want the middle class to have money to spend how does raising their taxes help you towards that goal?
who said "raising" taxes? I said stop cutting taxes for the rich people.
Wall Street Journal dude was on the news this morning saying raising the federal min wage was the stupidest thing you could do during a recession.
The whole WSJ said so or was it a particular person's OPINION?
how? just send out checks so they can pay off debt to the banks?
why not employ them and have them actually EARN money and benefit society like it did when the depression was ended? oh right? you guys want to do revisionist history on that one, don't you?
Raising the minimum wage is certainly the wrong thing to do, especially during a recession. The higher the minimum wage the more unemployment there's going to be.
says who? the austrians? sorry... you know what I think of them and what society would be like if we listened to them.
I don't agree with giving the stimulus money to the people, however. Don't pass a stimulus at all and simply allow the people to keep the money that they earned makes far more sense.
and where do they "earn" money if they're not working because the "cut taxes for the top 1% and let's gamble on risky loans" crowd already broke the economy?
Are you kidding me? All the money spent and our country is no better off. They are only spending money to pay off people. They don't care about our Country...they only want more power...yeah so screw the people...and then go on TV and say, BUSSSSSSSSSSSSHHHHHHH was so bad that it's going to cost more money to fix everything....You buy that then your the fucking crazy one.okie dokie...
Er...if you want the middle class to have money to spend how does raising their taxes help you towards that goal?
who said "raising" taxes? I said stop cutting taxes for the rich people.
Wall Street Journal dude was on the news this morning saying raising the federal min wage was the stupidest thing you could do during a recession.
The whole WSJ said so or was it a particular person's OPINION?
how? just send out checks so they can pay off debt to the banks?
why not employ them and have them actually EARN money and benefit society like it did when the depression was ended? oh right? you guys want to do revisionist history on that one, don't you?
Raising the minimum wage is certainly the wrong thing to do, especially during a recession. The higher the minimum wage the more unemployment there's going to be.
says who? the austrians? sorry... you know what I think of them and what society would be like if we listened to them.
I don't agree with giving the stimulus money to the people, however. Don't pass a stimulus at all and simply allow the people to keep the money that they earned makes far more sense.
and where do they "earn" money if they're not working because the "cut taxes for the top 1% and let's gamble on risky loans" crowd already broke the economy?
Abolish SS!!!!!!!!!...the government has no business running private business in competition with other businesses. All the stock the government has accumulated over the past year should be put into a mutual fund, which should be sold off.
Q for you. One idea that was floated regarding social security was to invest the money in the stock market. Are you for or against that? Should the government never be in the business of "owning" (portions of) private corporations?
...the government has no business running private business in competition with other businesses. All the stock the government has accumulated over the past year should be put into a mutual fund, which should be sold off.
Q for you. One idea that was floated regarding social security was to invest the money in the stock market. Are you for or against that? Should the government never be in the business of "owning" (portions of) private corporations?
You see Obama wants to kill jobs, he wants to break people to where they will only rely on the Feds to help them out. I see no other explanation as to why our congress and President are doing all these things when you add in the Czars and other shit. And all the while wearing a mask of trying to fix the economy so his sleep will fall step in line.
Exactly. Having far fewer people actually working is a far better way to get more Dems elected. Need more people on the teat! Can't let them work for a lower wage or anything. Having no job at all is much better than working a little cheaper for awhile! Plus, who needs revenue anyway?Interesting. I think diminishing the working class by reducing their wages is probably the worst possible thing to do in a recession. You need people's actual purchasing power to increase, not diminish.
You see Obama wants to kill jobs, he wants to break people to where they will only rely on the Feds to help them out. I see no other explanation as to why our congress and President are doing all these things when you add in the Czars and other shit. And all the while wearing a mask of trying to fix the economy so his sleep will fall step in line.
that seems silly terry....killing jobs is killing the gvt's cash cow with less income tax collection, due to no one working, no?
so, i don't think you are right on this...
care
Killing jobs means yet another "crisis"....Which in turn calls for the benevolent hand of Big Daddy Big Gubbament to step in and "fix" it.You see Obama wants to kill jobs, he wants to break people to where they will only rely on the Feds to help them out. I see no other explanation as to why our congress and President are doing all these things when you add in the Czars and other shit. And all the while wearing a mask of trying to fix the economy so his sleep will fall step in line.
that seems silly terry....killing jobs is killing the gvt's cash cow with less income tax collection, due to no one working, no?
so, i don't think you are right on this...
care
E7's 10 Step Plan to Recovery!
1. Smash every company that has received bailout funds with anti-trust legislation, force liquidation, and use the proceeds to pay off creditors as stipulated.
2. Use the Federal Reserve to print out money to pay off all FDIC-insured accounts in the collapsing banks.
3. Temporarily disband the EPA, Department of Education, and disconnect all Federal corporations (USPS, NASA, etc.).
4. Create a tax holiday for all businesses registered with the Small Business Administration. Additionally, copy China and eliminate the Capital Gains taxes, to promote capital flow.
5. Complete a withdrawal of Iraq, reduce our presence in Afghanistan, and close a majority of our military bases. Temporarily reduce the Defense budget by at least 1/3, by drastically reducing both our active air fleet and the quantity of technology available to our soldiers. Begin rejuvenating our nuclear program, to maintain our ICBM stocks.
6. Scrap the bailout, TARP, and Cap-and-Trade. Refocus the funds saved from the military and closed departments into first covering Social Security payments, and then to supporting state unemployment programs. Any leftover must be directed towards paying down the debt.
7. Eliminate the IRS and replace with a tiered tax regiment, and a new Federal Income Service, with just one tax form. Everyone pays, save those on Social Security. The middle 50% of earners will pay 50% of their income, the top 25% will pay 75%, and the bottom 25% will only pay 25%. These numbers may be tweaked as necessary.
8. Print enough money from the Federal Reserve to maintain a 10-20% inflation rate. This money will be used to pay down the national debt, and reduce the nation's debtload through inflation (most Americans have a negative net worth). As the debt reduces, slowly reduce the inflation rate down to about 2%.
9. Eliminate minimum wage, and enact law governing corporations, so that the maximum salary paid by said corporation must not exceed 25 times the lowest salary paid by the corporation. This includes benefits. Thus, corporations will be forced to pay proportional wages, while small businesses can benefit from cheap labor.
10. Increase tarrifs on all countries that work against our national interest (everyone but UK, Iraq, Israel, Canada, Colombia, Brazil, South Korea, Japan, Taiwan, and Egypt). Funnel proceeds to the Small Business Administration.
It is drastic, and very painful in the short-term, but it will set up the US for long-term growth. Consider the plan a "purifying fire" that will cleanse our economy of the decay and return it to a path of sustainable growth.
8. Print enough money from the Federal Reserve to maintain a 10-20% inflation rate. This money will be used to pay down the national debt, and reduce the nation's debtload through inflation (most Americans have a negative net worth). As the debt reduces, slowly reduce the inflation rate down to about 2%.
Why in the world do you want to debase our currency through inflation?
8. Print enough money from the Federal Reserve to maintain a 10-20% inflation rate. This money will be used to pay down the national debt, and reduce the nation's debtload through inflation (most Americans have a negative net worth). As the debt reduces, slowly reduce the inflation rate down to about 2%.
Why in the world do you want to debase our currency through inflation?
1. It would reduce both our debt and our savings. Since America has no savings, this would be a net positive.
2. A cheap dollar would encourage others to purchase our exports, thus balancing the trade deficit.
3. Money-printing is about the only way to prevent the implosion of Social Security without taxing my generation at 95% for the rest of our lives. Why should I pay for the Baby Boomer's mistakes, when we can spread the pain around through inflation?
4. It would reduce the American standard of living across all classes and neighborhoods, bringing us into a more stable equilibrium with the rest of the world.
Am I suggesting playing with fire? Yes. I am well-versed on the potential horrors of inflation, but we have few options remaining. Taxing the hell out of the GenXers and Millenials for the next half-decade would be far worse.
We may even see a "currency reset" in the coming decades, if today's runaway spending isn't controlled.
Someone else posted this thread a while ago. It died lonely and forgotten, but I thought I would try and resuscitate it.
A few ground rules, just to make life more fun. If you want to do Neener neener, it is X's fault, do so on the thread for that purpose, or make a new one one for that purpose. It is already at 7 pages. But that kind of thing bores me.
Just give a list of ideas that you think would bring back the economy and why it would work. If you have issues with someone idea, create a thread for that discussion, but post your own ideas here only.
For me, I would like to see the Min wage rescinded back to 2007 levels. Unemployed is not better than working for peanuts.
2 a real tax cut for everyone getting wages less than 100,000. Not the small joker that 0bama gave, but something more real.
Fannie Mae and Freddie go back to the old standards for basic loan packages. However, they can also create 'sub prime' packages and sell them either as 10% sub prime in a regular package or as just plain high risk high return portfolios. Either way, the derivative buyers would know what they were getting, rather than loads of junk disguised as quality loans. If the derivative buyers know they are getting better quality stuff, they might be more willing to buy.
the government has no business running private business in competition with other businesses. All the stock the government has accumulated over the past year should be put into a mutual fund, which should be sold off.
All the bad loans the government has bought should be packaged and sold as high risk securities.
Any other good or bad ideas?
Why in the world do you want to debase our currency through inflation?
1. It would reduce both our debt and our savings. Since America has no savings, this would be a net positive.
2. A cheap dollar would encourage others to purchase our exports, thus balancing the trade deficit.
3. Money-printing is about the only way to prevent the implosion of Social Security without taxing my generation at 95% for the rest of our lives. Why should I pay for the Baby Boomer's mistakes, when we can spread the pain around through inflation?
4. It would reduce the American standard of living across all classes and neighborhoods, bringing us into a more stable equilibrium with the rest of the world.
Am I suggesting playing with fire? Yes. I am well-versed on the potential horrors of inflation, but we have few options remaining. Taxing the hell out of the GenXers and Millenials for the next half-decade would be far worse.
We may even see a "currency reset" in the coming decades, if today's runaway spending isn't controlled.
Well inflation is essentially a tax, so to say that inflation is preferable to direct taxation makes no sense. You're losing wealth regardless. It's also immoral to pay off our debt with devalued dollars. Rather than calling for inflation you should be calling for massive spending cuts that way taxes don't need to be raised.
