Results 1 to 25 of 437

Hybrid View

  1. #1
    Big science. Hallelujah. noddin0ff's Avatar
    Join Date
    Mar 2004
    Location
    X
    Posts
    2,286
    I'll lob some more random thoughts over the wall.

    We shouldn't be worrying about the deficit right now. We can borrow money at historically low rates. The Gov't should be borrowing and investing in infrastructure and jobs to build it. We're missing the deal of the century by not doing this. It costs more to triage infrastructure that has failed than to prevent failure; and when it does fail, borrowing rates will most certainly be higher. Money spent now is money saved later--and that is what reduces deficits long term.

    The Gov't should be paying people to work now. Teachers, police, firemen, all manner of civil servants. We should be investing in research and education. AND, we can easily do this because we can print our own money; we can print as much as we want. The Fed could shovel money into grants to State and/or Local governments. Put people to work > people buy things > companies make money > investors happy > taxes go up. Win!

    Inflation? Destroy the value of the dollar? Pfft. The value of the dollar is what the world thinks it's worth. Right now it is still the most trusted currency in the world. It was put to the Treasury that it consider permitting bids for negative interest. That is allowing bidders to pay the Gov't to lend their money to the Gov't (Link). The dollar is sound. Printing more of them ain't gonna hurt anything. Inflation's been under good control for over 20 years (Link). Yes, that could change. But we're far better at controlling inflation than we are at keeping the financial sector from failing and taking everyone down with them. We shouldn't be worrying about inflation either.

    In summary. Borrow money while it's cheap and invest it in infrastructure. Pay people to work. Invest in education and research. -- (That's funny... if I were a good business person that's how I'd run a successful company. Irony?)

    Health Care and Social Security? If the U.S. wasn't entirely politically dysfunctional we could put a dent in it, but reality is that we have more older people and we can either provide a social safety net or have a lot of homeless and sick old people in the emergency rooms. Emergency rooms expensive, preventative care cheap. More old people; more tax money. No running from math.

    Oh yeah. Wash your hands and get vaccinated.
    Last edited by noddin0ff; 08-29-2012 at 05:16 AM.
    TCA ATT GGA

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •