- Thread starter Midswat
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Spending ridiculously more than what is available to you is a horrific strategy, no matter the setting.
Well that isn't true at all. Plus, you can't demand that the government/president "fix the economy" and then turn around and say "spending is bad" in the next breath. For a long time the government "fixed the economy" by lowering mortgage rates so that people could borrow more - the government deficit would go up and public deficit would go down. The inverse was true as well. Once the credit system broke because of bad practice and lack of regulation, that stopped working because no matter how low interest rates go people still don't want to borrow/lend because they don't trust the system.
So the government has to do other things, spend elsewhere. We can certainly take issue with how they're spending, although imo I have been seeing tons of projects for infrastructure that are being funded with stimulus money, and at my new job seeing a ton of jobs come across that are DOD spending which infuses money into the private sector....but just bitching "WAAAAAAHHHH spending is bad" is just overly simplistic and untrue. Having a huge deficit is not necessarily a bad thing, that's basically how the entire world operates.
No one said spending is bad.
Spending a ridiculous amount more than what you have is bad. And that is precisely what this country does.
I understand you just a jay oh be, so this whole understanding money thing might be new to you.
Once you get a firm grasp, it'll dawn on you that spending almost 2 trillion more than you make isn't a sound economic strategy.
Many economists agree that the spending from Bush and Obama staved off a full blown depression, and yes - was necessary to do so. I guess we could have just done nothing in the name of "dont spend moor than yew take in guyz becuz thats how mah bank account werks" and seen what sort of apocalypse that would have ushered in but we didn't, things are getting better and hopefully soon tax revenues will start to go up again because the private sector's wealth will recover.
Almost all economists are in agreement on this as the only current course to help us recover. At first it was only the progressives, but it's near universal now. It's not my fault that you've been brainwashed to believe that "spend only what you take in" is somehow good national economic policy. Open your minds. Just because the idiots at Fox news can't comprehend this doesn't mean you shouldnt be able to.
The course to help us recover is not government spending. That is wrong. Government spending is what is making this country go broke. Feel free to use common sense.
When was the American economy at it's strongest? When we had a trade surplus. That is a fact.
If you want to fix the economy, reduce frivilouos government spending and make efforts to swing the balance of trade back into our favor (export more than we import).
Emphasis on the word "frivilous." For example... eliminate or at least significantly reduce the foreign aid virtually wasted every year to countries that are not established Allies. Make the private sector compete more appropriately for government contracts.
If the government is spending to build the infrastructure of this country, spend to keep companies on American soil, spending to invest in education, etc etc etc... then that is fine.
When was the American economy at it's strongest? When we had a trade surplus. That is a fact.
If you want to fix the economy, reduce frivilouos government spending and make efforts to swing the balance of trade back into our favor (export more than we import).
Emphasis on the word "frivilous." For example... eliminate or at least significantly reduce the foreign aid virtually wasted every year to countries that are not established Allies. Make the private sector compete more appropriately for government contracts.
If the government is spending to build the infrastructure of this country, spend to keep companies on American soil, spending to invest in education, etc etc etc... then that is fine.
Bob Sacamano
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This is the key right here. Our government so completely lacks any faith in our countrymen's brain-trust, that they'd rather outsource everything. Hell, the new Golden Gate Bridge is being built in China.
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I'd cut education entirely. information is out there if you want it.
If the kids on the wire saw how spoiled my rich white ass was in HS they'd shit brix.
If the kids on the wire saw how spoiled my rich white ass was in HS they'd shit brix.
Bob Sacamano
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- 26,436
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