why IMF don't make usa enter some saving plan like they do with all the other contries with alot of debts?ohh wait those are for powerless contries like mine
why IMF don't make usa enter some saving plan like they do with all the other contries with alot of debts?ohh wait those are for powerless contries like mine
richardhutnik said:
So, why do people think having the Republicans in power is going to make a difference? |

HappySqurriel said:
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i will be stealing that graph a lot
edit; looks like nancy pelosi did a great job emptying the swamp
| richardhutnik said: So, why do people think having the Republicans in power is going to make a difference? |
Republicans, prior to the Neo-Con invasion, have been well known for being conservative. Democrats are well known for their social spending.
| richardhutnik said: Yes, there is a budget crisis in Washington on what to do in order to reduce the deficit. The big argument has been, "You can't raise taxes, because it would have a negative impact on the economy". And that can be argued. What was proposed instead of raising taxes is to cut spending a LOT. Some would like to cut the spending and size of government to that of a bathtub, so that it can then be drowned. But, in light of a sluggish economy, wouldn't also cutting spending by the government also result in an adverse impact on the economy? If you lay off thousands of workers, and the government stops spending, couldn't that result in businesses possibly going under also, and sectors of the economy around economy spending, shutting down? |
Sure it would be a problem if you are Greece and 30-50% of your entire workforce are government employees.
But if you want to fix the economy, get the government out of the way and let the people that know how to run a business run a business (I can expand on this in more detail later).
The rEVOLution is not being televised
HappySqurriel said:
|
Interesting that the trillions spent on the wars doesn't show up until 2009....I wonder why that is.....
http://www.wired.com/dangerroom/2009/02/weighing-the-ir/
Oh of course! Bush circumvented counting the war in the deficit by classing it as an "emergency spending measure" until Obama outlawed it.
Keep telling yourself that Republicans help the budget. Let's see how that goes...
badgenome said:
I'd argue that cutting back on spending and regulations would help reverse the trend of jobs and money leaving America. But since you always seem to enjoy taking arguments to their most absurd extreme, I'll indulge you: clearly, we should confiscate everyone's passport and seal all borders to keep all people and their delicious, delicious monies in our glorious American economy. Only traitors would want to leave, anyway, so this shouldn't pose a problem. Alternatively, we could lrn 2 compete, n00b. But that would just be silly. |
Not really. Money that is bound to leave the country is bound to do so by economic forces larger than we can control (aside from bookkeeping sleight-of-hand or offshore accounting), but the loss of jobs, especially labor-intensive manufacturing jobs, is bound to happen one way or another
What we need to do is learn to adapt to our economic niche, which is a capital-intensive industrial/professional services superpower, which would be far better competition than learning to become a tax haven or whatever else the IMF is forcing deadbeat countries to do

Monster Hunter: pissing me off since 2010.
fordy said:
Interesting that the trillions spent on the wars doesn't show up until 2009....I wonder why that is..... http://www.wired.com/dangerroom/2009/02/weighing-the-ir/ Oh of course! Bush circumvented counting the war in the deficit by classing it as an "emergency spending measure" until Obama outlawed it. Keep telling yourself that Republicans help the budget. Let's see how that goes... |
The "trillions spent on the wars doesn't show up until 2009." because you're reading the graph wrong ...
The cost of the Iraq and Afghanistan wars aren't included in the deficits for any president, and in 2010 were still external to the budget. Even then the total cost of the Iraq war in 2010 was estimate at $700 Billion spread over 7 years (so you can add roughly $100 Billion per year from 2003 to 2010), and the total cost of the Afghanistan war was estimated at $350 Billion spread over 9 years (so you can add roughly $40 Billion per year from 2001 to 2010).
The "Spike" in the budget was primarily caused by massive spending increases that were designed to stimulate the economy; as is always the case with Keynesian economics, the spending did not have the results people expected and the excuses are that there wasn't enough money and that it wasn't spent early enough.
Don't get me wrong, the Republican's are terrible managers of but they're far more credible when it comes to reducing the deficit than the Democrats are. In spite of all of the Rhetoric, the Democrats aren't even willing to freeze government spending are would never offer anything that approaches real cuts in spending; and the revenue they anticipate gaining from the tax increases they want is unrealistically optimistic.
richardhutnik said:
So, why do people think having the Republicans in power is going to make a difference? |
Because Neoconservatism is on it's way out popularity wise due to the Tea party being just influential enough to tip matters in real conservatives favor.
Outside which... how do you fix globalization's effect?
Replace corporate income taxes with a corporate VAT. Instead of paying 32% for having buisness in this country... you pay 5% for everything you sell in this country and every service you provide.
Actually, all it would take is a 3% coporate VAT... but moving up to 5% would help pay for a lot of social programs that are having funding problems and could probably reform unemployment so it lasts forever but forces job training and job offers.
Also it would effectivly lower the tax rates for American Coprorations spurring job growth... from up to like... 25-27%. No tax loopholes to be found here either.
the only people who would get "screwed" would be foreign companies, who's only recourse would be to not sell to america's huge and important consumer base. Which again, would only create local jobs.
Want to move your buisness overseas? Well great, you'll still pay us the same tax rate and also have to pay the tax rate for other countries.

HappySqurriel said:
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You may have one point there, because GW Bush vetoed next to nothing that would run across his desk. So, during the Bush years, you would have to throw out what is the norm regarding the president submitting the budget to congress to vote on. And, likewise, after Congress is done with it, the president signs it into law: http://en.wikipedia.org/wiki/United_States_federal_budget