Quote:
Originally Posted by Joshua G
i have become persuaded by the idea that the coming economic shitstorm from the next bubble deflation, will be much worse because the federal debt is too large now to just pass another couple trillion in bailouts. the federal funds rate is zero, nowhere left to go. the fed used to cut interest rates to stimulate the economy. cant do that now.
this has happened over & over in history. Only a matter of when the economy, & the federal budget crashes under the weight of endless corruption.
the country is not supposed to run 500 billion dollar federal deficits when the economy has grown for 7 straight years. interest rates are not supposed to be at zero. AKA the economy has been on life support for 8 straight years with no end in sight. This is a textbook bubble.
hillary should be in charge so the establishment people who engineered this can be properly blamed. The liberal media will only blame trump for everything gone wrong, if he wins. even though he would be much better QUALIFIED (wharton MBA) to resolve it than a self serving felon whose only merit is she is a woman.
go hillary.  |
How does a government cut spending without creating huge numbers of unemployed?
Berry has a list and it's a good one. But every "$1,000" puts a man out of work and on benefits. This needs more public sector staff and it costs money. The areas where those people worked are now in recession, shops close, workers lose jobs. Look at Greece to see how it works when it goes very wrong.
Millions will vote for any Government that promises them more benefits.
Bring jobs back home, employ people in the US and pass the cost onto the consumer.
Import taxes, and pass the cost onto the consumer.
Higher taxes. Look at the US rate of tax-GDP and other developed countries. When we exported jobs to the Third World, we loaded us with the costs of lost jobs.