Practical Ways To Fix The US Economy??

Increase government spending to create infrastructure jobs, since manual labor is the sector responsible for most unemployment. Increase government spending to fund green energy and American high tech industry. Factory jobs aren't coming back when the factory is making stuff that can be just as easily made for 1/10th the price in Asia. So let's make stuff in the US that will actually have a competitive advantage by being American made.

Offset these increases by making the following changes:
Budget Puzzle: You Fix the Budget - Interactive Feature - NYTimes.com

(The New York Times link is a neat way to play around with various tax cuts/increases and reductions in government spending.)
 


Increase government spending to create infrastructure jobs, since manual labor is the sector responsible for most unemployment.
Government spending comes out of the private economy. The money the government uses to spend doesn't fall from heaven. If this method actually worked, the Soviet Union would still exist.

Increase government spending to fund green energy and American high tech industry.
If these sectors were or are profitable, they already exist privately. Starting another 20 Solyndras and Facebooks is going to keep people busy doing unproductive work.

That results in capital being destroyed.

It's not a solution.

Please, please, please learn some economics.
 
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The pain I refer to does not come from violence. It comes from getting rid of taxation, fractional reserve lending, subsidies, welfare, deficit spending, standing army, occupying army (i.e. cops), Department of Education, DoD, FBI, CIA, DoH, minimum wage laws, tariffs, and on and on.


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The pain I refer to does not come from violence. It comes from getting rid of taxation, fractional reserve lending, subsidies, welfare, deficit spending, standing army, occupying army (i.e. cops), Department of Education, DoD, FBI, CIA, DoH, minimum wage laws, tariffs, and on and on.


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And avoiding genocide, millions unemployed, rampant disease, gang war, riots, on the faith of the magical markets to fill the void, while coming out on the other side with an improved standard of living for more people, and on and on?

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on the faith of the magical markets
I don't like the insinuation that the people who are for peace and cooperation are somehow the fools in this equation, so please, enlighten us.

What do you believe in bro?

Markets may be magical to you, but that's because you don't understand economics, not because markets are not well researched, analyzed or understood.
 
Government spending comes out of the private economy. The money the government uses to spend doesn't fall from heaven. If this method actually worked, the Soviet Union would still exist.
The Soviet Union spent on military, not on infrastructure. That money didn't go to the people - it stayed in government.

I'm talking about roads and bridges and stuff that is already in disrepair that needs to be done anyway. The construction and manual labor sectors need an infusion and the government is the only entity to absorb the cost, and will benefit when such increase in contracts results in higher tax rolls and consumer spending.

If these sectors were or are profitable, they already exist privately. Starting another 20 Solyndras and Facebooks is going to keep people busy doing unproductive work.

That results in capital being destroyed. It's not a solution. Please, please, please learn some economics.

Solyndra was an exception, not the norm. One failure shouldn't tarnish the whole concept of government funding emerging science. Most of science's great discoveries have their roots in science being done for science's sake. Turning a profit right away shouldn't be a requirement. We are majorly behind in scientific research. That gap needs to be bridged.

I'm not talking about funding Facebooks and the like. That shit is meaningless and doesn't advance anything. We need factories that can make hightech and futuretech. We need to find the next generation of Elon Musks.

Keep in mind too I'm also proposing to offset these increases with cuts elsewhere in the budget to offset this stuff. You seemed to have missed that.
 
The Soviet Union spent on military, not on infrastructure. That money didn't go to the people - it stayed in government.
The Soviet Union built all of modern Russia. It wasn't all military spending. Relative to the US, Russian military spending was not very big at all.

I'm talking about roads and bridges and stuff that is already in disrepair that needs to be done anyway. The construction and manual labor sectors need an infusion and the government is the only entity to absorb the cost, and will benefit when such increase in contracts results in higher tax rolls and consumer spending.
The government doesn't absorb any costs. It takes the money out of the hands of private individuals and spends it.

Also, the so-called "economic multiplier effect" is a fallacy and I believe on its face, logically incorrect.

I'm not talking about funding Facebooks and the like. That shit is meaningless and doesn't advance anything. We need factories that can make hightech and futuretech. We need to find the next generation of Elon Musks.
Elon Musk didn't make his money from government subsidy.

Keep in mind too I'm also proposing to offset these increases with cuts elsewhere in the budget to offset this stuff. You seemed to have missed that.
Government spending is too high regardless. Are you even aware of the rate at which the deficit and debt are growing? Do you understand that the US is the largest debtor nation in the history of the world?

You can't solve a government spending problem by spending more government money.

Again, please learn economics. Please.
 
The biggest reason why the debt is growing has nothing to do with spending - it has to do with revenues being at 60-year lows.

The second biggest reason why it continues to grow? Built-in costs such as entitlement spending to a demographic that is getting older.

Third? War costs.

Further, Obama's proposed budget lowers government spending as part of GDP from current levels. And this includes the cost of the Affordable Care Act.
 
In response to the Keanu photo exchange :

[ame=http://www.youtube.com/watch?v=jirfFcMUNbw]Bill and Ted say Excellent! - YouTube[/ame]
 
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The biggest reason why the debt is growing has nothing to do with spending - it has to do with revenues being at 60-year lows.
This is like saying the problem with bankruptcy isn't that people spent the money on something that didn't yield a return, it's that the lenders won't continue to facilitate this destruction of capital.

The second biggest reason why it continues to grow? Built-in costs such as entitlement spending to a demographic that is getting older.
How is that built in? They've already consumed what they contributed and more.

Further, Obama's proposed budget lowers government spending as part of GDP from current levels. And this includes the cost of the Affordable Care Act.
GDP is a nonsense figure, it is completely irrelevant because as the FED prints more money, nominal GDP will go up even if productivity falls.

Again, learn economics.
 
I don't like the insinuation that the people who are for peace and cooperation are somehow the fools in this equation, so please, enlighten us.

What do you believe in bro?

To answer the question at hand - practical ways to fix the economy - I haven't really strayed too far from this. And no, I don't think it's the absolute best solution. And I don't think it is fair to some people. And if things were different then great, we could talk about other practical solutions.

But given the circumstances, it is practical, and it would work pretty well, and no one else has put out anything that is both effective and practical. Or should we wait for the job creators to come through? No no, they can't, because they're too regulated and restricted to invest in high capital intensity labor and production. Mm.

Honestly, yes I think that people who are for peace and cooperation are for the most part fools in the equation, to the extent that there is an equation. I'm for peace and cooperation and I sure as shit feel like a fool in the equation most of the time. By fools, I specifically mean that people who are for peace and cooperation do not generally appreciate just how differently the most evil people on the planet are, and how seriously they need to be kept in check to preserve the well being of the rest of the species. Good people in general don't weigh seriously the gravity of people in positions of the highest power on the planet who literally obsess over how to start world wars, famines, brainwashing campaigns, perpetuate hatred, and so on. To that extent yes, I think they are absolutely fools in the equation because they are ignorant of the game and the stakes.

You often say that the vast majority of people are peaceful and cooperative. Absolutely. Unfortunately there are, and always will be, a very small minority of very charismatic, genocidal death cultists who rise to the top an call shots. And they sure as shit do not depend on government to express their psychopathy. And they never will. I personally fail to see how a purely market dependent civilization will improve humanity's chances of these kinds of people not adopting positions of power, consolidating their resources and purposes, and subjecting people to their ill will - let alone create meaningful improvements to existing living standards, longevity, etc.

Suppose Jake's outlined changes came to pass. Suppose even that the former country's reactors, dams, levies, armories, tanks, thermonuclear devices, highways, electrical grid, water, and all of the other important things of civilization were then somehow (how?) privatized in a meaningful way. I cannot fathom how the people at the top of the pyramid would not actually favor this turn of events. They are the top. They don't have bosses. Theyliterally run the world. They don't answer to anyone. Even now, with government. They don't go to the Hague, they don't do time. They don't answer to anyone. They make the rules up as they go. I see them throwing a party then scooping up all the weapons, printing presses, and shipping routes, and creating massive, sweeping cartels to rule with an iron fist. A distributed monopoly of power..which would bring the whole thing full circle, minus the peoples' ability to effect change through legislation (yes I know lol voting).

That's how I see it. If people voluntarily renounced government I think the powers that be would actually have an easier go at it. It being mass genocide, bioengineering, surveillance, hoarding and suppressing technology, generally making life literally hell on earth, etc. Maybe I'm wrong.
 
I dont know a practical way to fix any of it, but I am dead set against anything Obama says or does. I also feel the same way about Mitt Romney too.
 
I'm talking about roads and bridges and stuff that is already in disrepair that needs to be done anyway. The construction and manual labor sectors need an infusion and the government is the only entity to absorb the cost, and will benefit when such increase in contracts results in higher tax rolls and consumer spending.

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