P!
BO smiles at his success
there’s a harvard alum in the white house. who freaking cares what they think. they’re yesterday’s news.
If we can get Obama out of the White House, maybe we have a chance to fix things. Otherwise, the outlook is dire.
1. The size of government is just TOO big with too much bureaucratic overlap, bloated agencies, and too many obsolete/unneeded laws on the books.
2. An income tax system whose sheer complexity and high tax rates discourage savings and capital investment in the USA.
This is why I call for an aggressive audit of government so we could cut the size of government 30% and gutting the current income tax system in favor of one that is vastly more business-friendly.
Hey, we’re running $1.2, $1.4 trillion deficits in a $14 trillion dollar economy, right?
So government spending well over what gov’t receipts in tax revs is 10% of the economy, right?
And the government borrows 43% of every dollar it spends, right? Let’s call it 40%.
So correct me if I’m wrong. 40% of 10%, or 4% of our GDP just simply does not exist based upon organic demand. It “tallies”, it exists on the coin counter because the government borrows money and spends it.....somewhere.
Our growth rate is cited as 1.5%, 2%, 3% depending upon whom you wish to listen to. But 4% of it is non-existent.
The inescapable conclusion is that there is no growth in the economy absent government deficit spending. In one sense, the Timmy Geithners of the world are right: If we balanced the budget tomorrow the economy would shrink by 4%, which would probably be called and feel like a more-than-mild recession. Add in the knock-on effects and it would be worse.
Oh, and this condition has existed since 1983.
Let’s get this collapse over with and start anew. There are thieving, effeminate tyrants in all levels of US government and government-linked business now. I’m in my mid-50s, recently shoveled hundreds of cubic yards/meters of rocky earth by myself (personal project—gravity-fed water and solar heating systems) and can do a pretty good jump-spinning crescent kick (learned over 30 years ago). ...working on the tornado kick now (for health) and beginning staff/bo (going to herd yaks here at high altitude soon). ...love to do stone masonry and agriculture.
Many of my fellow Americans are mice, who need to become men. We can do this and rebuild.
“Let’s get this collapse over with and start anew. There are thieving, effeminate tyrants in all levels of US government and government-linked business now.”
My point with that comment was that our country is running on debt without adequate manufacturing for trade. We can rebuild productivity, if we toughen-up and get to real work.
Easily solved.
Declare Harvard (and by extension, HBS) a clear and present danger to the US.
Roll the B-52’s and B-1’s, turn Cambridge, MA into a smoking hole.
Problem solved.
And a whole lot of other problems would be solved at the same time, too.
ping
This is what I hear often overseas in different countries. It does not help to be an ostrich and feign this does not exist. It is indeed a big problem and is TRUE. Obama bears a great responsibility for it, because companies are being harrassed, molested and taxed to death. Is it any wonder their executive management wants to move them offshore to friendlier environments? We see this even among US states. The more tax burdensome that state, and more companies will flee such a state (like California or New York or New Jersey), for greener pastures. These are usually states with strong Democrat Party majorities in their state legislatures.
We’re a democratic republic. The people get the politicians they want and deserve. Bashing Obama and the Democrats is pretty meaningless and shortsighted. We should be bashing the people who vote these people in as their representatives.
Moreover, we need to address the larger societal trends that taught these voters their value system. This bad economic trend will not change as long as hedonism remains the driving motivating force of the public. With the decline in religion on the increase with no turnaround in sight, selfish hedonism is likely to continue to rule the day. The move towards socialism and Marxism goes hand-in-hand with selfishness.
People’s personal aspirations increasingly center around substance abuse and sexual perversions. It has been getting worse with each new generation. The latest statistics out for children and teens now on these issues are devastating.
Without religion, people are not taught to seek the deeper self-fulfillment that comes from controlling one’s impulses, creating a family and finding a vocation that contributes to society (and, through capitalism, correspondingly rewards them). As long as people are seeking these selfish and irresponsible pursuits instead of finding a way to CONTRIBUTE to society, they will demand that the rest of society, through the government, meet their needs (and then some) with free food, medical care, education, housing, general welfare, etc. As long as they are demanding that, the government will need to continue to attack wealth creators, businesses and producers in order to get the money to redistribute goodies to the selfish, hedonistic, leeching class.
Only religion has proven able to control people’s worse impulses and instill the values of discipline, responsibility and service to others in them. This is why there can be no such thing as a Republican party that stays conservative on economic issues but goes liberal on social issues. Without social conservatism, there can be no lasting economic conservatism. Unless people are taught moral values, they will attempt to leech off of the rest of society in order to bankroll the pursuit of their own selfish desires.
That is what we’re seeing now. It’s part of a long-term trend to which there is no end in sight. Perhaps the NUMBER ONE issue conservatives should be focused on is ending the government monopoly on the schools. 100% school choice needs to be the law of the land, so that religious schools could be freely chosen by everyone who wants to attend them. Because the private sector is failing on this front more than it ever has before, more drastic measures may need to be taken, such as massively stepped-up anti-drug and anti-alcohol government intervention.
The bottom line is that it’s an uphill battle, so conservatives need to choose their battles wisely. Focusing strictly on these economic issues without looking at the fundamental reasons we got to this point is missing the point. If we successfully address and solve our society’s moral, ethical and social issues, the economic issues will pretty much take care of themselves. If we fail to address where the values of this nation stand, then there will be NO HOPE to escape the downward economic spiral that we’re on.
It is no joke when I say Obama is turning America into a 3000 mile wide Detroit. Literally the productive in this country are being dragged under by the debts incurred to democratize the planets’ hellholes and a welfare state that not only is hugely expensive its denizens destroy wealth faster than a nuke.
17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe
Even if you don't agree with all of the author's conclusions, there can be no doubt that the decline of the US auto industry has a lot to do with what's wrong now.
The CommiCrats running the US have created an utterly hostile tax and regulatory environment.
Noted.
I especially urge them to go to the link at the bottom of the article to review charts #9 and #10.
Here is a link to these charts. Please note K-12 education and availability of skilled workers.
http://www.businessinsider.com/the-1-thing-that-businesses-hate-about-the-us-economy-2012-4
China makes everything. We buy China stuff with borrowed money. That is our consumer economy.
How is that “free trade” working out for you?
Show this to all the “free traders”: “company relocation decision, 57 percent said the decision “involved the possibility of moving existing activities out of the U.S.”
A Harvard Business School study that Niall Ferguson pointed us to today shows the U.S. has fallen severely behind in terms of international competitiveness.
The study, from January, found that for Harvard alums personally involved in a company relocation decision, 57 percent said the decision “involved the possibility of moving existing activities out of the U.S.”