Posted on 09/09/2017 8:07:07 PM PDT by SeekAndFind
America is poor and in debt because of globalism and “free” trade.
Print (electronically) moar money!
Insurance companies are sitting on billions if not trillions. There will be a boost.
unless Trump drains the swamp we are in trouble
America will rebuild with Chinese concrete and steel, Canadian lumber and Mexican labor. Well, that may be the problem right there.
We have resources that are tangible and by increasing their availability and curbing their need in the process, we can get on a more positive path.
Productivity going up helps us, as well. Reducing government is another way.
This author speaks much sense, but much is missed.
Ya, I was going to say, where is the money we have all paid in insurance premiums all these years? Don’t they bank the money / profits earned in good years, so they have sufficient funds to pay claims in bad years?
Half of the wage-earners in America make $30,000 a year or less.
Yesiree, we’re bankrupt, and already consume more than we produce.
We are the biggest example of a “Second World Country,” a country which used to be a First World Country but is now decaying back to a Third World Country.
Building houses in the flood plain is stupid to begin with. Re-building houses in the flood plain is even dumber. The land developers and their bought and paid for politicians are always looking to make a quick dollar by building in the flood plains. Golf courses and orchards would be a better method of landscape architecture. Somewhere in the Christian Bible: build on a solid foundation. To me that means build on solid high ground. Not in the swamp or in the flood plain.
When you offshore a factory the productivity of all of those workers goes to zero.
I would ask you to make sure of that.
There are a huge number of persons who do not work, so they don’t get a wage.
You can’t count those people as “wage earners.”
We have spent trillion in borrowed money to support welfare entitlements and pay unemployed workers to hide and shield the American people from the consequences of the Obama Administrations economic failures.
I agree we need to incentivize job creation in the US.
Wheelbarrows of dollars to buy a loaf of bread.
I’m not counting them. And I’m one of those you mentioned. We survive on my VA disability payment. I’d go back to work tomorrow if I could, but that’s not an option.
1 In 2 Working Americans Make Less Than $30,000 A Year
http://dailycaller.com/2015/10/25/1-in-2-working-americans-make-less-than-30000-a-year/
Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year
http://www.washingtonsblog.com/2015/10/goodbye-middle-class-51-percent-of-all-american-workers-make-less-than-30000-dollars-a-year.html
The labor participation rate says otherwise.
You cannot import and retail a nation into prosperity. You need manufacturing and mining to CREATE wealth. The heart of any economy is mining, manufacturing and agriculture. If a country imports any of those things then net wealth is being exported.
1. If we look at debt as a percentage of GDP over the same time frame, the situation is bad, but no nearly so dire as the national debt vs. time chart shown.
2. For thousands of years, almost since the invention of money, the solution to government debt has always been the same — inflation.
3. This is exactly how the US will recover. We will print money and give it away. Houston and Florida will be rebuilt and we will all survive, but great inflation is coming. It was initiated by Obama, but Trump will be forced to continue it.
4. Inflation is not the great bugaboo the press makes it out to be. The man or family who is prepared for inflation will do well, the unprepared will suffer.
Thank you for that.
Our current situation seems bleak, but Trump is the one to help coerce Congress into doing something.
Wow.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.