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Originally Posted by Buff
If you dismantled the welfare state completely, including social security, medicare, medicaid, food stamps, etc. -- all of it -- this would be a self-correcting problem within weeks.
You want more government? This is more government. And it's going to keep getting worse.
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I think you should take this idea to the poorer areas of your city.
It's about as stupid a theory I've heard here for a while.
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Originally Posted by Barefootsies
Instead of investing in war, and corporate bail outs, what are your thoughts on doing a 2012 versus of "The New Deal" with massive government spending on public works projects? By that I mean, repairing and upgrading this country's infrastructure that is crumbling? Not pork barrel bullshit.
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Let's look at the alternatives.
Private enterprise are in the business of reducing costs, the workforce is a major cost. Reduce it and you have more for the shareholders.
The notion that tax cuts will produce a turn around is dead in the water. It's just those who are taxed want more and fuck anyone else who suffers. The extra spending will result in extra imports. Most businesses will not employ more, they will gear up and produce more with the same work force. Unless they absolutely have to. See above for why.
Public spending is always an employer who takes on more people than it needs. Just the nature of the beast. It won't open factories in China or any 3rd World Country like private enterprise does. It has to buy goods made in the US where possible. A 21st century version of The New Deal, will provide for the country so much. The Hoover Dam provides for LA and Vegas. Solar panels in the deserts and South America could provide all the day time electricity for the US. Stumbling block is the Private enterprise owned electricity companies.
And I'm sure there are other schemes that could be started by the Government to get economies moving again. One is Bank Loans. The Banks were bailed out after the crash with a huge amount of tax payers money on the understanding that the money would be fed into the economy via loans. Only a small part of it was. Same is happening in the UK. I believe banks are part of private enterprise.
I never thought I would think like this, it's just the last 10 or so years that I've seen the big businesses lose all morals and ethics to line their own pockets that I've changed. And I am in no way calling for Communism, just to do what is needed when required.