Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In this interview, former Regan Budget Director David Stockman tells the truth about the problem with government and the budget.
He states that the US government is irresponsible and deserves to have its credit rating reduced.
David Stockman should know he was one of the architects of this warthog of an economy we now enjoy!
Did younread the dang transcript?? Stockman is no slavish accolyte to any myths. He runs a private equity fund these days. He knows that the gap that has grown between debt and revenue is madness.
He flat out said that despite Reagan's dislike for taxes back when changes had to be made and taxes raised that was part of what Reagan DID agree to.
The current lunacy of pouring $800 BILLION into the coffers of "defense firms" that are largely fleecing America for ridiculous "homeland security" efforts that mostly just foster stupidity in the name of technology (like back scatter xray screening when a nice interrogation based passenger screening would be both more effective and loads cheaper but MIGH actual result in finding nut case bomber types) has to STOP.
Rich fat cat retirees cannot pretend that they "need" Medicare as much as some pathetic granny that never saved a dime. That MUST change!
Folks have to rethink the idiotic intrusions that have made the "minimum wage" so darned high that it DISCOURAGES employers from adding needed staff, the EPA a "protector" of OFF SHORE JOBS where there are no environmental regulations, food stamps an out of control program that so utterly fails to police recepients that even government employees abuse it...
The media has to stop their love affair with the fiction that some overly bookish, un- street smart inexperienced dreamer with an agenda is magically endowed with leadership abilities becuase he has hind his speaking skills. Once they start honestly reporting how pathetically one-sided they've been for far too long MAYBE they can help people understand that "the bill is due" and cutting programs that have seriouslyndiverged from what the county needs while making taxes fairer will take LEADERS that will fight for something more important than campaign contributions!
Did younread the dang transcript?? Stockman is no slavish accolyte to any myths. He runs a private equity fund these days. He knows that the gap that has grown between debt and revenue is madness.
He flat out said that despite Reagan's dislike for taxes back when changes had to be made and taxes raised that was part of what Reagan DID agree to.
The current lunacy of pouring $800 BILLION into the coffers of "defense firms" that are largely fleecing America for ridiculous "homeland security" efforts that mostly just foster stupidity in the name of technology (like back scatter xray screening when a nice interrogation based passenger screening would be both more effective and loads cheaper but MIGH actual result in finding nut case bomber types) has to STOP.
Rich fat cat retirees cannot pretend that they "need" Medicare as much as some pathetic granny that never saved a dime. That MUST change!
Folks have to rethink the idiotic intrusions that have made the "minimum wage" so darned high that it DISCOURAGES employers from adding needed staff, the EPA a "protector" of OFF SHORE JOBS where there are no environmental regulations, food stamps an out of control program that so utterly fails to police recepients that even government employees abuse it...
The media has to stop their love affair with the fiction that some overly bookish, un- street smart inexperienced dreamer with an agenda is magically endowed with leadership abilities becuase he has hind his speaking skills. Once they start honestly reporting how pathetically one-sided they've been for far too long MAYBE they can help people understand that "the bill is due" and cutting programs that have seriouslyndiverged from what the county needs while making taxes fairer will take LEADERS that will fight for something more important than campaign contributions!
I agree, with the exception of your portrayal of the media. The media know exactly what they are doing. The media are now all corporate owned and follow the agenda of big business. Big business puts their choice in the WH and in turn, the POTUS follows their agenda. The faces change but the agenda remains the same. War, amnesty for illegal’s, low taxes for the wealthy, regulations to force off shoring, regulations to stifle competition, protection of offshore basing of corporations etc.
I agree, with the exception of your portrayal of the media. The media know exactly what they are doing. The media are now all corporate owned and follow the agenda of big business. Big business puts their choice in the WH and in turn, the POTUS follows their agenda. The faces change but the agenda remains the same. War, amnesty for illegal’s, low taxes for the wealthy, regulations to force off shoring, regulations to stifle competition, protection of offshore basing of corporations etc.
i agree to a point. don't forget that millions of individual americans vote to put that POTUS in the whitehouse. and millions of individual americans can contribute $5 to a candidate to help them run without business.
i agree, our choices are limited because we are presented ones that are corrupted by big business, or they possibly become corrupted once elected...but we ultimately have collective power. We need to organize better. The Tea Party is a good example, I just think that a majority of them have the incorrect message. They aren't horribly far off....they just need some smart, logical, reasonable people in there to change the message to a more reasonable one.
Did younread the dang transcript?? Stockman is no slavish accolyte to any myths. He runs a private equity fund these days. He knows that the gap that has grown between debt and revenue is madness.
What we need to do is something that is functional equivalent to inflating GDP and keeping government spending constant. My favorite plan is a 4X on the minimum wage.
What we need to do is something that is functional equivalent to inflating GDP and keeping government spending constant. My favorite plan is a 4X on the minimum wage.
Minimum wage should be abolished. Of course if we don't do something to force "our neighbor across the Rio Grande" to be less of a lawless 4ell hole more of their citizens will continue to pour across the border...
Too true. The fact is the "whatever the unions want, the unions get" mindset is completely out-of-touch with the reality of world where some people are happen to live in a freight container...
In order to "fix" the macro picture to get full employment we need the price of houses going up not down.
Dated thinking. The top end total compensation is way over inflated currently. What a 4x in the minimum wage would tend to do is to devalue the currency. it would tend to give or take a bit reduce the value of our currency by about 50%. The bottom gets a 200% bump in real wages the top gets a 50% cut in real wages. "Domestic "protection" is impossible these days." One way to do it is with a high domestic savings rate. with the current 0.25% prime it is hard to get people to save in banks. High bank savings tends to balance trade.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Cripes...
