What's new
US Message Board - Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

How do we recover from the economic mess

ScienceRocks

Democrat all the way!
Joined
Mar 16, 2010
Messages
59,455
Reaction score
6,765
Points
1,900
Location
The Good insane United states of America
How do we get out of this economic mess? The rich won't invest and hire.

The best way to start the recovery is to lower corporate taxes+ cut all senseless regs to get them to invest
+Bring our Troops home and cut half of the bases throughout the world. Use that money to invest in our country here at home. Technology, innovation, construction, etc.
-Cut free shit for nothing. Get people into Education+learning different stuff to advance.


What do you think?
 

Oddball

Unobtanium Member
Joined
Jan 3, 2009
Messages
75,790
Reaction score
47,152
Points
2,615
Location
Drinking wine, eating cheese, catching rays
Good start.
 

Mac1958

Diamond Member
Joined
Dec 8, 2011
Messages
88,557
Reaction score
32,831
Points
2,280
Location
Opposing Authoritarian Ideological Fundamentalism.
.

16 trillion in debt; the baby boomer population hitting retirement, Social Security & Medicare; international competition; cultural decay; no indication that the country's entitlement mentality is abating.

Sorry, we've passed the tipping point. The question is no longer whether we're going to see a decrease in our overall standard of living, it's only how much of a decrease it will be.

Now, it could be argued that a lower standard of living does not necessarily mean a lower quality of life. In fact, I think it's quite possible that it does not.

But the party's over.

.
 
Last edited:

TNHarley

Diamond Member
Joined
Sep 27, 2012
Messages
75,924
Reaction score
25,725
Points
2,250
Mathew, good post bro. I usually don't agree with alot that you say, but that is a good way to start!
 

Dissent

Rookie
Joined
Aug 5, 2012
Messages
3,131
Reaction score
213
Points
0
Location
FEMA region 4
Let the free market do what needs to be done. We can't get out of this without some pain at this point...let it happen.Governments can't help an economy...they only screw it up.
 

g5000

Diamond Member
Joined
Nov 26, 2011
Messages
96,149
Reaction score
17,333
Points
2,180
1. Raise the retirement age to at least 70. We are living longer, we should be working longer. If you pay in 5 years longer, and draw out 5 years less, that alone will realize astronomical savings.

2. Repeal the Wall Street Reform and Consumer Protection Act of 2010, repeal the Financial Services Modernization Act of 1999, and repeal the Commodities Futures Modernization Act of 2000. Write new legislation which would properly regulate the financial services industry with at least the following provisions:

a. Regulate credit default swaps as insurance, with an outright ban on naked credit default swaps.

b. Require all over-the-counter (OTC) derivatives to be sold on open exchanges so that end users are able to establish a price point.

c. Beef up the SEC, and eliminate the revolving door of regulators going to work for broker-dealers.

d. Include severe criminal penalties for fraud. No more paying fines with no admission of wrongdoing or no one going to prison.

e. Reform the GSEs, including severe limitations on the sizes of their portfolios.

f. Put the regulation of derivatives under one roof. One agency. No more regulator shopping.


I could go on all day with more ideas, but to hell with it. I'm wasting my time.

.
 

OKTexas

Diamond Member
Gold Supporting Member
Joined
Sep 13, 2012
Messages
54,700
Reaction score
12,900
Points
2,220
Location
Near Magnolia, TX
1. Raise the retirement age to at least 70. We are living longer, we should be working longer. If you pay in 5 years longer, and draw out 5 years less, that alone will realize astronomical savings.

2. Repeal the Wall Street Reform and Consumer Protection Act of 2010, repeal the Financial Services Modernization Act of 1999, and repeal the Commodities Futures Modernization Act of 2000. Write new legislation which would properly regulate the financial services industry with at least the following provisions:

a. Regulate credit default swaps as insurance, with an outright ban on naked credit default swaps.

b. Require all over-the-counter (OTC) derivatives to be sold on open exchanges so that end users are able to establish a price point.

c. Beef up the SEC, and eliminate the revolving door of regulators going to work for broker-dealers.

d. Include severe criminal penalties for fraud. No more paying fines with no admission of wrongdoing or no one going to prison.

e. Reform the GSEs, including severe limitations on the sizes of their portfolios.

f. Put the regulation of derivatives under one roof. One agency. No more regulator shopping.


I could go on all day with more ideas, but to hell with it. I'm wasting my time.

.

I'm on board with everything except the GSE's, their assets should be sold and they should be abolished. Freddie and Fanny have privatized profits and socialized their loses, they should just go away.
 

jwoodie

Gold Member
Joined
Aug 15, 2012
Messages
14,925
Reaction score
3,588
Points
280
.

16 trillion in debt; the baby boomer population hitting retirement, Social Security & Medicare; international competition; cultural decay; no indication that the country's entitlement mentality is abating.

Sorry, we've passed the tipping point. The question is no longer whether we're going to see a decrease in our overall standard of living, it's only how much of a decrease it will be.

Now, it could be argued that a lower standard of living does not necessarily mean a lower quality of life. In fact, I think it's quite possible that it does not.

But the party's over.

.

This is the argument for reelecting Obama: Lower your expectations and be satisfied with less. The problem with this is that it is a self fulfilling prophesy, stifling creativity and ensuring our decline.
 

USMB Server Goals

Total amount
$166.00
Goal
$350.00

Most reactions - Past 7 days

Forum List

Top