Which is a better way of revitalizing economy?

[ruger17hmr]

Which is a better way of revitalizing economy?

Austerity or Spending Spree?

Express your opinions.

Austerity Is Already Here, and It's Killing the Recovery - Yahoo! Finance

 

[melensdad]

Interesting angle on that story. It claims austerity is here, cites only state and local spending.

Forgets that the FEDERAL spending has increased about $10 TRILLION since Obama has been in office. It was $4 TRILLION when he got into office, its now just under $15 TRILLION.

 

[Sylvain]

What about bringing the jobs back to the US instead of having almost everything made in Asia?

That way people have jobs, so they have money because they get paid, with that money they can buy products, those products are made in the US so it gives jobs to other people.
So the more jobs you bring back in the US the more jobs you will bring back until people are all back to work.

That must be too simple to work because nobody does that and US company keep having their products made in Asia.

 

[firehawk1]

Cut personal income taxes, eliminate corporate income taxes (they have never paid taxes anyway), and DEEP cuts in spending, say 25% across the board.

Cutting taxes has increased revenues to the treasury, problem is they have spent the increase instead of paying down the debt. Any increase in the amount coming into the treasury should be required to pay down the debt.

Cutting taxes has also prompted the so called "rich" to get up off their money and invest it. That creates jobs, and increases the tax base.

But this will never happen as it dosen't follow the left's class warfare handbook.

 

[Bunnykid68]

What about bringing the jobs back to the US instead of having almost everything made in Asia?

That way people have jobs, so they have money because they get paid, with that money they can buy products, those products are made in the US so it gives jobs to other people.
So the more jobs you bring back in the US the more jobs you will bring back until people are all back to work.

That must be too simple to work because nobody does that and US company keep having their products made in Asia.

Cannot bring jobs back here because everyone thinks they are worth $15 to $25 an hour for something you can teach my 16 year old son to do in a few weeks

 

[ViperJock]

Cannot bring jobs back here because everyone thinks they are worth $15 to $25 an hour for something you can teach my 16 year old son to do in a few weeks

^^^ this. The economy cannot be "fixed." It has to be rebooted.

 

[mrjarrell]

What about bringing the jobs back to the US instead of having almost everything made in Asia?

That way people have jobs, so they have money because they get paid, with that money they can buy products, those products are made in the US so it gives jobs to other people.
So the more jobs you bring back in the US the more jobs you will bring back until people are all back to work.

That must be too simple to work because nobody does that and US company keep having their products made in Asia.

And just how do you propose to bring those jobs back? They were driven off on purpose by many of the people who lost them. Where's the infrastructure for these jobs going to come from? The willing workers, (willing to work for what the employer will pay, not what drove the jobs away)? How do those jobs get returned?

 

[indykid]

Set a policy that allows a company to know what the rules are tomorrow and the next day and the next week and the next month and the....

To hire someone, a business has to know how that person being hired will affect them more than just the salary. How much are medical insurance going to cost? How stable will corporate taxes be?

If a company can't figure how much a new hire is going to cost over the long term, they are not going to hire. They are going to do exactly what they are doing now, waiting and seeing.

The blasted governments need to get out of the way of business.

 

[firehawk1]

Set a policy that allows a company to know what the rules are tomorrow and the next day and the next week and the next month and the....

To hire someone, a business has to know how that person being hired will affect them more than just the salary. How much are medical insurance going to cost? How stable will corporate taxes be?

If a company can't figure how much a new hire is going to cost over the long term, they are not going to hire. They are going to do exactly what they are doing now, waiting and seeing.

The blasted governments need to get out of the way of business.

^^^^^ THIS^^^^^ Rep to you!

 

[RockofStrength]

Cannot bring jobs back here because everyone thinks they are worth $15 to $25 an hour for something you can teach my 16 year old son to do in a few weeks

Exactly. The American people will have to relearn what a return to a truly free market actually means.

 

[mrjarrell]

Exactly. The American people will have to relearn what a return to a truly free market actually means.

The fact that the jobs went elsewhere was the the free market in action.

 

[ruger17hmr]

Cannot bring jobs back here because everyone thinks they are worth $15 to $25 an hour for something you can teach my 16 year old son to do in a few weeks

How true is that? LOL

Globalization of economy is the way to revitalize the ailing world economy.

Only problem is that we might not get there due to the greedy human nature, especially that of Wall St. bankers and their cohorts. World economy is collapsing under the weight of 70 trillion dollars of toxic Wall St. driven deleveraged derivatives. We only had a partial exposure to this calamity. The rest is swept under the rug with the rather convenient accounting practice, which replaced unpopular, but meaningful Mark- To- Market practice.

I would hate to imagine what would happen if the entire 70 trillion dollars of toxic derivatives hit the market. LOL

 

[John Galt]

1) Enact the Fairtax.
2) Bring back Glass-Steagall.
3) Audit the Fed the way a small business would be.
4) Investigate/prosecute the Wall Street plunderers.
5) Open up domestic energy exploration.
6) Commit to a 2 year phase-out of the Cabinet agencies.
7) Require drug, alcohol, and tobacco screening for all recipients of taxpayer money.
8) Repeal the 17th Amendment.
9) Stop the individual/corporate bailouts.
10) Return to honoring the Constitution.

Ahhhh, a man can dream, can't he?

 

[Westside]

1) Enact the Fairtax.
2) Bring back Glass-Steagall.
3) Audit the Fed the way a small business would be.
4) Investigate/prosecute the Wall Street plunderers.
5) Open up domestic energy exploration.
6) Commit to a 2 year phase-out of the Cabinet agencies.
7) Require drug, alcohol, and tobacco screening for all recipients of taxpayer money.
8) Repeal the 17th Amendment.
9) Stop the individual/corporate bailouts.
10) Return to honoring the Constitution.

Ahhhh, a man can dream, can't he?

how will state the legislators electing senators be better than the popular vote? I am not disagreeing with you I am just curious how this will help.

 

[NYFelon]

I could be wrong, but I'm thinking maybe he meant the 16th. The income tax without apportionment. Just my supposition though.

 

[Fletch]

how will state the legislators electing senators be better than the popular vote? I am not disagreeing with you I am just curious how this will help.

The Senate was intended to be a brake on direct democracy -- a more deliberative body selected through a different process. Then it became elected by direct democracy and lost that quality.

 

[edsinger]

MY wish list

-Cut Corporate taxes to about 15% or thereabouts - No deductions etc (GE)
-Cut Capital Gains Taxes to no more than 5% for MIN 10 years
-Cut Personal tax rates to max of 25%, 15% for the rest of us.
-Slash Government Benefits to comparable private sector ones
-Term Limits
-Make sure that one has a VESTED stake in the country BEFORE they can run for office
-Tell the Chinese, if it is war they want (Economic that is - militarily they could not really do much) give it to them, Immediate 25% tariff on all Chinese Goods IF they don't agree to unpeg their currency...
- All public aid should come with drug tests and mandatory work to earn it, unless REAL medical conditions dictate otherwise.
-ALL Hollywood actors must pay 50% taxes, whether citizens or not.
-Immediately pull ALL troops from Europe (old) and immediate 15% pay raise for all troops across the board.
-And since its a wish list, all countries that have tariffs on US goods will be treated likewise (Japan) for one. I like free trade when its an even playing board.

 

[level.eleven]

The Senate was intended to be a brake on direct democracy -- a more deliberative body selected through a different process. Then it became elected by direct democracy and lost that quality.

Yes. There is no one left to debate the health of the republic.

 

[firehawk1]

-Cut Corporate taxes to about 15% or thereabouts - No deductions etc

But corporations do NOT pay taxes, they pass that "cost" on to the consumer. Corporate taxes are a class warfare scheme. Same as the windfall profit tax was. Who's top decide what a "fair" profit is? Me, you, the government?

 

[RockofStrength]

The Senate was intended to be a brake on direct democracy -- a more deliberative body selected through a different process. Then it became elected by direct democracy and lost that quality.

Exactly. Representatives were meant to be our voice in the government, while the Senators were supposed to be the state's representatives.