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Picture of bill king
Posted
I have covered this issue a thousands times here, but this is the first time I can remember that the head of the GOA has put it in such crystaline terms...

quote:
What they don't talk about is a dirty little secret everyone in Washington knows, or at least should. The vast majority of economists and budget analysts agree: The ship of state is on a disastrous course, and will founder on the reefs of economic disaster if nothing is done to correct it.


I am afraid we will hit economic disaster no matter which way we steer the ship, which is why nobody is talking about it...

quote:
"This is about the future of our country, our kids and grandkids," the comptroller general of the United States warns a packed hall at Austin's historic Driskill Hotel. "We the people have to rise up to make sure things get changed."


Typical beancounter...

What he doesn't understand is that the wheels of our economy keep turning because the debt continues to provide the fuel to power them.

The reason noone wants to address it is because it has grown into such a monster that any action taken to correct the situation may, in fact, precipitate a reccession, which could result in a depression, or worse.

Who is to blame?

The republican administrations, of course.

link

I just love their re-election mantra... "Are you better off now"

What they fail to point out with that statement, and who can blame them, is the monster under the bed...



How big is the monster?

According to the following debt clock...

http://www.uwsa.com/uwsa-usdebt.html

each citizen's share is $28,546.31!

When Bush took office it was around 20 thousand per person and now it's almost 30 thousand.

That means whenever a baby is born in the US he or she enters the world 30 grand in the hole.

So the big question is...

What do we do about it?

I have my own theory about the only viable way out of this mess, but I would like to hear other ideas first.


"These things which man purports to admire-the noble, the brilliant, the splendid-these are the very things he cannot tolerate when he finds them."-----Mark Clifton
 
Posts: 5565 | Location: hoffman estates il | Registered: 01 April 2003Report This Post
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It's the elephant in the room.

quote:
Typical beancounter...


Hey! Frowner


------------------------------------
We cannot control the evil tongues of others; but a good life enables us to disregard them.
 
Posts: 1855 | Location: here and now | Registered: 22 September 2005Report This Post
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Picture of bill king
Posted Hide Post
quote:
Hey!


Big Grin

When I was a finance manager in the car business there was always the friction between sales and accounting.

Most accountants realize you have to spend money to make money,but haven't a clue about what works and what doesn't. There are so many areas the spending could go to. Product quality, advertizing, sales traiining, sale incentives etc.

That's why in all the successful businesses, with only rare exceptions, the owners and decision-makers are sales-oriented individuals.

So just like in politics it is the accountants job to point out bad news and present negative suggestions, but it is the leaders who ultimately make the decision.

Sorry I didn't mean to offend anyone reading this, but I wanted to convey my frustration with the "bearer of bad tidings" who hasn't offered a viable solution. Accounting is mostly a thankless, but necessary job.


"These things which man purports to admire-the noble, the brilliant, the splendid-these are the very things he cannot tolerate when he finds them."-----Mark Clifton
 
Posts: 5565 | Location: hoffman estates il | Registered: 01 April 2003Report This Post
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Beat the swords into plowshares.

Seriously we should retool and retask our military I'd disband the army and airforce entirely then reinforce the Navy and Marines.
Definitely reduce it to the point that it is a defensive force rather than an offensive force.
I'd also change the reserves back to reserves.

Next would be investments into infrastructure roads railway's power grids sewage water and so forth. This would provide good paying jobs to people which would result in more economic activity which would result in greater demand for goods and services encouraging investment from the private sector and generating more tax revenue.

On the subject of taxes, A complete rework of the tax system is in order shifting the burden off the backs of the masses and back onto the shoulders of the corporations and wealthy who profit the most from the oportunities our society provides.

I'd also propose a complete rework of existing intelectual property rights returning to the more reasonable limits imposed at the creation of this nation rather than this endless licence that seems to exist today.

Combining the previous two points a bit. I would start charging royalties for intelectual property developed at tax payer expense.
I'm tired of seeing the results of publicly funded research being handed off to private corporations for private gain and we the people not getting our cut. I'm tired of Big Pharma making massive profits off of drugs that were developed on our dime, I'm sick of Boeing,Lockheed et al. developing airframes based on basic research you and I paid for with our tax dolars and not paying us our due.

The next suggestion I'd have would be to put some serious resources into the space program I'm not talking the piddling amount we put into Appolo, I'm talking about a serious national investment on the scale as we used to spend on the military industrial complex. Infact much of that industry could be retasked to space exploitation type roles relatively easily.

People might think that last is rather pie in the sky and poor prioritization with so many Terastrial problems to deal with but the reality is that we'll probably never eliminate humger and poverty completely no matter how many resources we toss at the problems not to say we should do our best to try, But to ignore space is to ignore destiny. There is unlimited space endless resources cheap energy in plenty available. There is also just the fact that it's what we as a species do. We expand we advance and we progress, and space is indeed the final frontier and only the government has the resources to finance such a major endevour.

Obviously such an endevour would require a well educated citizenry as such we will need to invest heavily into our education system over all ensuring that salaries for teachers are sufficient to attract the most talented and that we provide everyone the oportunity to advance as well as they are able.

So how much would such an endevour set us back? Quite a bit I'd imagine, But what are our creditors going to do? Call in the loans? No they will have to keep their investment in play and hope we can actually build up sufficient revenue to repay them at some point.

Keynes basically spelled all this out almost a century ago. I could go into specifics but that is the Shawn plan in a nutshell.

Basically I suggest we spend our way out of hock.


Art. 11. As the Government of the United States of America is not, in any sense, founded on the Christian religion<br />The Treaty of Tripoli 1797
 
Posts: 376 | Location: Austin Tx | Registered: 08 December 2004Report This Post
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Picture of bill king
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Excellent suggestions Skex!

I agree with them all and to refine one thing you said...

quote:
But to ignore space is to ignore destiny. There is unlimited space endless resources cheap energy in plenty available.


the cheapest and most abundant resource would be solar energy, best collected by an array of Solar Powered Satellites. such a project would not only pay for itself, but eventually make the entire world as rich as the wealthiest oil producing nations.

I think you have hit on the answer.


"These things which man purports to admire-the noble, the brilliant, the splendid-these are the very things he cannot tolerate when he finds them."-----Mark Clifton
 
Posts: 5565 | Location: hoffman estates il | Registered: 01 April 2003Report This Post
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