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My suggestion? All Americans should live debt-free lifestyles instead of trying to fit into a lifestyle which only a tiny percentage of the wealthiest can afford. Another suggestion, don't let pop culture dictate what we need or how we should live. Nobody stands over our shoulder, forcing us to take out that plastic card and hand it to the cashier. Our common process as consumers in recent years has been... 1. We see 2. We want 3. We get (typically using credit, thus adding debt)
In other words, we as a nation need to prove that we all can be trusted to completely change our lifestyles back to a more honest one, building up real wealth over a longer period of time, rather than constantly digging a deeper hole out of which we will attempt to climb, later in life.
How will adding to the deficit, i.e creating even more debt, be better then not adding to the deficit? I'm a really simple, logical guy and this makes no sense whatsoever. If you have $15k in credit card debt, do you max it out at $25k in hopes that it'll go away?
When the economy gets good again, you raise taxes to pay off that debt or have less government spending. Take a macroeconomics class sometime.
What happens after inflation and taxes wipe out your pay check?
How many times has that happened to you? If inflation and taxes wipe out your pay check then you really need to either cut down on your spending or make sure your employer is paying you minimum wage. Sometimes we have to make sacrificies and paying more taxes is one of them after recessions are over. Either that or have less government spending which is not happening at this moment and probably never will.
Government can easily cut the fat and have more to spend without raising taxes. The amount of fraudulant Medicare, Medicaid, and Wellfare abuse in the U.S. is unbelievable.
When the economy gets good again, you raise taxes to pay off that debt or have less government spending. Take a macroeconomics class sometime.
It is still a very risky move, but we do not really have a choice..
To get that economic growth, you need something big to happen. An example would be during the Clinton years.. The large economic growth that occurred under him was a result of the dot com bubble and the internet boom. In our current situation, we would need something big like that to happen, else our economy would only grow by tiny increments and we would never work off our debt.
Quote:
Originally Posted by Skyliner
Government can easily cut the fat and have more to spend without raising taxes. The amount of fraudulent Medicare, Medicaid, and Wellfare abuse in the U.S. is unbelievable.
Yes, but people tend to whine a lot more over budget cuts than they do increased spending.
As far as the highways and major roads go, can anyone who has lived in both areas compare the roads in south and central Michigan to the roads in upstate SC?
As far as the highways and major roads go, can anyone who has lived in both areas compare the roads in south and central Michigan to the roads in upstate SC?
Michigan seems to have some of the worst roads in the nation. Yes, the winter's are rough on the pavement, but they are beyond bad in many locations.
From a purely observational standpoint South Carolina has some of the most poorly maintained roads of any warm weather state. The potholes, litter, bad patch jobs and deteriorated road markings are pretty sad for such a lovely place.
When the economy gets good again, you raise taxes to pay off that debt or have less government spending. Take a macroeconomics class sometime.
So help me understand this. You're advocating spending money that the government doesn't have, but when the economy get's good, raising your taxes to pay for the governments inability to balance a budget? I know you still live with your mom, but when you grown up and go out on your own, does it make sense to spend more money that you don't have to get out of the debt that you're already in? That is the definition of insanity.
Stop drooling all over you leftist sociology professor, like the cheerleader does the star quarterback and question authority. You'll be smarter for it in the long run.
What do you suggest? DOT says they are out of money just like ESC. Should we just leave the roads alone? Not being smart.
Cut wasteful spending. Stop giving your money to autoworkers in Detroit that don't know how to run a business efficiently and put it towards infrastructure repair. That's what I suggest.
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