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Old 09-24-2017, 09:10 PM
 
Location: Myrtle Creek, Oregon
11,063 posts, read 11,469,953 times
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The reason the US economy is no longer serving the majority of its citizens is the endless wars we have been engaged in. Trillions of dollars that should have gone to investment and infrastructure has been squandered in other countries, leaving the US economy in nonproductive rubble. I had an economics professor 50 years ago who predicted it would happen. He was talking about Viet Nam back then. Bosnia, Iraq and Afghanistan were not even on the radar 50 years ago, but he was proven right.
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Old 09-24-2017, 09:19 PM
 
4,310 posts, read 2,451,325 times
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Quote:
Originally Posted by Larry Caldwell View Post
The reason the US economy is no longer serving the majority of its citizens is the endless wars we have been engaged in. Trillions of dollars that should have gone to investment and infrastructure has been squandered in other countries, leaving the US economy in nonproductive rubble. I had an economics professor 50 years ago who predicted it would happen. He was talking about Viet Nam back then. Bosnia, Iraq and Afghanistan were not even on the radar 50 years ago, but he was proven right.
Focus less on wars and more on affordable housing for our poorest.
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Old 09-24-2017, 11:48 PM
 
275 posts, read 137,441 times
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...you must not be watching the same US economy I'm watching.
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Old 09-25-2017, 06:30 AM
 
Location: World
3,148 posts, read 3,212,912 times
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US economy is also earning from other countries. Everytime somebody purchase a bottle of Pepsi in India or an iPhone in Japan or McDonald's in Germany or latest Hollywood flick in theater in Argentina - USA Economy gets a boost. Money is flowing from countries around the world to USA.
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Old 09-25-2017, 06:32 AM
 
64,699 posts, read 66,183,819 times
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for some the glass will always be 1/2 empty and the sky always falling .
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Old 09-25-2017, 07:17 AM
 
5,060 posts, read 3,335,927 times
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Originally Posted by mathjak107 View Post
for some the glass will always be 1/2 empty and the sky always falling .
"Does the number of warships we have, and are building, really put America at risk, when the U.S. battle fleet is larger than the next 13 navies combined — 11 of which are our partners and allies?
Is it a dire threat that by 2020, the United States will have only 20 times more advanced stealth fighters than China?
These are the kinds of questions Eisenhower asked as commander-in-chief. They are the kinds of questions I believe he would ask today."

Robert Gates


The US economy doesn't suck, but the money could be spent for far more benefit to the American people.


Quote:
Originally Posted by munna21977 View Post
US economy is also earning from other countries. Everytime somebody purchase a bottle of Pepsi in India or an iPhone in Japan or McDonald's in Germany or latest Hollywood flick in theater in Argentina - USA Economy gets a boost. Money is flowing from countries around the world to USA.
eh. or sitting in offshore bank accounts.
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Old 09-25-2017, 08:26 AM
 
8,297 posts, read 3,460,242 times
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Quote:
Originally Posted by Larry Caldwell View Post
The reason the US economy is no longer serving the majority of its citizens is the endless wars we have been engaged in. Trillions of dollars that should have gone to investment and infrastructure has been squandered in other countries, leaving the US economy in nonproductive rubble. I had an economics professor 50 years ago who predicted it would happen. He was talking about Viet Nam back then. Bosnia, Iraq and Afghanistan were not even on the radar 50 years ago, but he was proven right.
The general economy sucks for a large part of middle class workers. And this has little to do with wars. So much of the war moneys are federal deficit spending. We are not paying substantially more tax for the wars. And our personal burden is taxes, not wars or national debt.

The general economy sucks for a large part of middle class workers because of advancing technologies and off shoring of industry in search of greater profits. And this is not war related. In fact foreign wars means more federal deficit spending going into military related industry and production, which provides for many middle class jobs.

The reasons we have not done a national infrastructure renewal program is because of politics, not from any lack of money.

How would our lives change if the national debt today were $23T vs $20T?
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Old 09-25-2017, 08:33 AM
 
Location: World
3,148 posts, read 3,212,912 times
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Quote:
Originally Posted by Larry Caldwell View Post
The reason the US economy is no longer serving the majority of its citizens is the endless wars we have been engaged in. Trillions of dollars that should have gone to investment and infrastructure has been squandered in other countries, leaving the US economy in nonproductive rubble. I had an economics professor 50 years ago who predicted it would happen. He was talking about Viet Nam back then. Bosnia, Iraq and Afghanistan were not even on the radar 50 years ago, but he was proven right.
One reason why investment in Infrastructure is not taking place is the high cost. It has become very expensive in USA to build anything. Cost for constructing any Bridge in say Germany or China or Australia is far less then what we have in USA. Team of lawyers, Accountants, Fund Managers, Environmental Impact experts raise the cost so much that there are no takers for the project from Public Money. Until and unless we learn to control the overall costs, we will not see infrastructure spending.
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Old 09-25-2017, 08:49 AM
 
11,576 posts, read 17,510,858 times
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Quote:
Originally Posted by Larry Caldwell View Post
The reason the US economy is no longer serving the majority of its citizens is the endless wars we have been engaged in. Trillions of dollars that should have gone to investment and infrastructure has been squandered in other countries, leaving the US economy in nonproductive rubble. I had an economics professor 50 years ago who predicted it would happen. He was talking about Viet Nam back then. Bosnia, Iraq and Afghanistan were not even on the radar 50 years ago, but he was proven right.
Except that the US Economy does not "suck", it's booming. Unemployment down, manufacturing up, consumption up, income up, etc.
Yes there are challenges, but the US economy remains the largest in the world, representing 20% of global output (yes, larger than China).
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Old 09-25-2017, 09:09 AM
 
5,060 posts, read 3,335,927 times
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Quote:
Originally Posted by munna21977 View Post
One reason why investment in Infrastructure is not taking place is the high cost. It has become very expensive in USA to build anything. Cost for constructing any Bridge in say Germany or China or Australia is far less then what we have in USA. Team of lawyers, Accountants, Fund Managers, Environmental Impact experts raise the cost so much that there are no takers for the project from Public Money. Until and unless we learn to control the overall costs, we will not see infrastructure spending.
No...

Just... no...

Other countries protect their environment more then we do and they have no problems building bridges.
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