Archive for the ‘Economics’ Category
I’ve been pesismistic here before, I know, but I just got out of an argument with my right-winged religion teacher on facebook. He said how the debt ceiling raise is terrible, Americans are losing out, rich should get their tax breaks because they work for it. I thought it was crap and that those CEOs should have to pay what they owe, but anyways, my religion teahcer said “SOCIALISM HERE WE COME!!!”HE thinks we’ll be like Africa, Uganda, Zimbawe places like those, with an evil dicatator like Castro….do you think this is possible for AMerica???
We ahve problems, but we have infrastruycutre, top corporate companies which make us lots of money (Apple, Dell, Steven Jobs and Bill Gates) this are smart guys, AMerica does a lot. We are good people, and I don’t think we could fall this low, but what do you think, is my religion teacher right?
Ralph Belletto
I’m a high school student but i dont get what is going on with the debt and the downgrade!! Everyones freaking out but me! I’m confused.
Thanks 
Marilu Sellinger
Ok so they got a freaking printing machine so why won’t they print like all the money and pay there selfs out of debt? And also do you think the US going to go completely Bankrupt and if they do what would happen. And how do you think they gonna to get out of the debt instead of printing money? And is there going to be a NWO?
Scotty Mank
OK, this is for a serious debate. Lets start with the premises that the country needs economic fixing. To much debt! I think we can all agree on that. Not making any comments on who caused the debt or which party is at fault. So at a static moment in time — right now, today. We have 14.6+ trillion in debt.
So, how do we get out of debt. If you say raise taxes, on who, how much, how much would be raised.
IF you say cut spending, what programs, how much.
Second, how do we create jobs. Be specific. We don’t have manufacturing in this country, we are service based. So where would jobs come from? Who would work them? Who creates them?
Serious comments only please. Not Obama ***** or rebublicans **** answers. Lets be specific. I think if we look at this seriously, we realize that there are no easy solutions.
We have been debating this at work and it has become circular. Want some fresh ideas in the mix.
Rusina —
Put Ron Paul into office — not a serious answer, thats your desire
get rid of Federal Reserve — Ok, one idea, but how does this save money or get the economy back in order?
Close off our borders — and again this does what?
Bring our soldiers home from fighting in war’s that we have no reason to be in. — OK, so where do these people go when they get back. 45,000 troops in Iraq. where will they work? What about the people in their jobs now? If we do that are we not moving spendign from defense to unemployment?
Cut useless spending. — Right, agreed, what programs, what spending, how much?
Stinky:
1. Stop raising the debt ceiling. — thats a political answer, and if we didn’t need to we wouldn’t but I am asking how we get to not needing to.
2. Remove legislation that allows us to outsource jobs. — OK, I agree with this one. But, be aware, jobs are outsorced because labor is cheap. Without outsorcing everything will increase in price thereby lowering standard of living. We want that?
3. America needs to stop CONSUMING and start PRODUCING — YES, agreed, but producing what? Where? By whom?
4. and most importantley… the top 10% must, MUST, MUST pay their fair share. — What is there fair share? How much money will be raised? What will it be used for – reduction of debt or continuation of entitlements?
Aquidian –
Legalization of ALL drugs? Interesting, I can see other problems with that, but out of the box thinking.
universal healthcare — thats Obama care. How is that supposed to help the economy? Nice social idea, but what does it fix economically? Who pays for it? If the governement isn’t that the issue we are in now?
John Smith — I do not agree. The Fed is not the problem. The Fed is there to regulate the currency. If they are abolished, the job still needs to be done and would get done by treasury instead. Abolishing the Fed would cause economic chaos, not solve anything.
Stinky, on your edits.
— Stop borrowing money from China to finance quagmires in Afghanistan. — China buys our bonds on the open market. How are we supposed to limit that?
–But borrowing more money to stop borrowing money is a totally stupid way of thinking. — OK, that is a statement I agree with, so the entire stimulus plan was a bust under that rational
2. With 10% unemployment… yes we need that. Maybe limit outsourcing. — Again, is the middle class ready to loose its middle class luxuries? No one would be able to afford cell phones, clothes, or many items we take for granted.
3. I dunno… Aquidian says drugs… maybe we can start there- Marijuana did wonders for California’s economy. — Not sure selling drugs is the solution.
4. The government takes 30% of my paycheck so lets start there. People who make 10 times what I make pay approx. 15% THATS A PROBLEM.
Stinky, sorry, your last comment n the 15% rate, thats capital gains. Yes, it should probably be raised. But the rich can always pay more, and choose not to.
BTW, just wanted to thank everyone so far. Some great responses, even the ones I have questioned. Keep them coming. Want to see more!
Corrina Trebbe
Any ideas?
Jolyn Kil
Are
deficits warranted in a time of economic crisis? Prepare a cost/benefit analysis
to analyze the current White House policy of deficit spending our way out of this recession?
Clementine Faglie
i heard a bunch of people saying, “oh we should spend more to help the economy”. but isn’t it tons of spending and taking out loans they couldn’t afford and using their credit cards when they shouldn’t have that got us here in the first place? if this is wrong, just want to know thanks dino-bots.
Maribel Lizardi
Do you agree with the current plan to get out of debt?
Shanell Ville
shouldn’t we get rid of our debt before loaning money?
Nick Dehart
What problems arise out of excessive debt and inadequate saving, and how might the government might correct this?
Need some help with the above question. I dont even know where to start
Any suggestions of journals or journal articles i might read.
Aletha Douet