Why not have a national referendum on whether to have entitlement cuts or hyper inflation.

[hawkeye2009]

Originally Posted by Boompa

I guess I'm the only one for inflation. It did me well during the Carter Years. I bought a house for $35K and financed $25K. I was unable to sell the old house. In a few years the house was worth $135K so i sold it and went back to the old house and put $100k into 14% CDs for 5 years. Those years were some of my best.

Of course your "story" is crazy. Inflation benefits no one in the end, unless it can be reversed. What you experiences was Carter's inflation, which was reversed by Reagan's economic agenda. If we experience hyperinflation, like the type of Mozambique. Argentina, Mexico or the Weimar Republic, EVERYONE'S wealth will diminish. There will be no winners.

In order to insure solvency, we must dramatically reduce spending. Part of this, of course, would have to be radical cuts in medicare, social security, and other social programs. The answer is clear, as failure to do so will result in financial disaster for the US. What we lack now is politicians who have the will to do the right thing.

[padcrasher]

Notice the winger doesn't include the option of raising taxes. Especially on the ultra-wealthy in this Nation.

That's too taboo for them to even consider......LOL

[Swingblade]

Originally Posted by padcrasher

Notice the winger doesn't include the option of raising taxes. Especially on the ultra-wealthy in this Nation.

That's too taboo for them to even consider......LOL

Why do the rich owe you or anyone else or our pathetic gvt anything.You do know that the gvt takes in over $3 trillion,what amount is enough for you?I wonder if you have a Karl Marx poster in your bed room? you should since he is your hero.LMAO

[newonecoming]

Originally Posted by monkeywrenching

Instead of a gas tax, I would be in favor of a legislation tax. $1000 a word for each and every piece of legislation, unless it is to get rid of a past piece of legislation.

My idea is to have the sponsor of a bill hand write (with a feather) each and every bill presented for consideration. Yip that is what I want.

Originally Posted by Boompa

I guess I'm the only one for inflation. It did me well during the Carter Years. I bought a house for $35K and financed $25K. I was unable to sell the old house. In a few years the house was worth $135K so i sold it and went back to the old house and put $100k into 14% CDs for 5 years. Those years were some of my best.

Most people don't know about the http://en.wikipedia.org/wiki/Phillips_curve Phillips curve. It went out of fashion with stagflation in the 1970's but if you have inflation by printing money first you get low unemployment. The trick is you need the money to get into the hands of the consumers. So print money and give it to everyone!!!
If we were to expand our payroll to about max that is to push on the aggregate supply curve. http://en.wikipedia.org/wiki/Aggregate_supply http://en.wikipedia.org/wiki/Aggregate_demand WE should just about balance the budget and be able to pay for all those entitlements buy hard work!!!

Originally Posted by hawkeye2009

Of course your "story" is crazy. Inflation benefits no one in the end, unless it can be reversed. What you experiences was Carter's inflation, which was reversed by Reagan's economic agenda. If we experience hyperinflation, like the type of Mozambique. Argentina, Mexico or the Weimar Republic, EVERYONE'S wealth will diminish. There will be no winners.

Inflation helps those that had high debt at the start and it hurts those that had high savings at the start.

Originally Posted by hawkeye2009

In order to insure solvency, we must dramatically reduce spending. Part of this, of course, would have to be radical cuts in medicare, social security, and other social programs. The answer is clear, as failure to do so will result in financial disaster for the US. What we lack now is politicians who have the will to do the right thing.

This is only partially true. What has the worlds economy down is the money has pooled in several places, OPEC, China and Germany. In the US economy money has pooled in the hands of the rich or in rich entities like corporations. There is a drought of money in the hands of the workers and the poor. This imbalance of funds is what is drive the continuing economic disaster. Cutting spending will actually hurt at this point in time.

Originally Posted by padcrasher

Notice the winger doesn't include the option of raising taxes. Especially on the ultra-wealthy in this Nation.

That's too taboo for them to even consider......LOL

I'm all for a 98%tax on the top 0.1% of the income distribution. And a 78% on the rest of the top 1%

Originally Posted by reid_g

Why do the rich owe you or anyone else or our pathetic gvt anything.You do know that the gvt takes in over $3 trillion,what amount is enough for you?I wonder if you have a Karl Marx poster in your bed room? you should since he is your hero.LMAO

It has nothing to do with the rich owing any thing to anybody. It has everything to do with the economy being frozen like an engine with out any oil in it. We need to add oil where it is needed. That is all.

[newonecoming]

Originally Posted by reid_g

We already know what they will do and it does not matter what we think.They will inflate because it is the easy way out and they do not have the stomach to face pain.The good news is that Barnanke seem to suggest that he wanted to curb the printing press but that could be just rhetoric.I do not see any cuts to entitlement programs from our gutless leaders from both parties,the seats they hold are more important to them then doing the right thing.

We need to make the programs more efficient. That way we can cut costs but not benefits. How about having a large part of the labor of administering the programs come from volunteer labor?