How To Keep A Damaged Financial And Economic System Afloat?

TMO ^ | 5-15-2011 | Bob Chapman

[dalebert]

isnt that the communist way..punish success.

[spyone]

Not on your list is a reduction in benefits from social security, medicare, and medicade. Without cuts to these, there is no fix.

[arthurus]

The sooner we "face the collapse" the less severe it will be. Reagan knew that and he precipitated a couple of very lean quarters that resulted in a quarter century of boom.
It is illuminating that Reagan is the only president, perhaps the only significant politician ever to have had a degree in Economics. Even the "conservatives" with the best intentions cannot keep from trying to use the government to steer the economy. Because they do not understand Economics, the very soundest of conservative principles and freemarket intentions are totally irrelevant when the economically know nothing conservative president endeavors to "fix" the economy. A liberal president, has other goals that do not include a functioning economy.

[arthurus]

Actually, those programs have to be eliminated for there to be an economic future that includes a standard of living beyond bare subsistence for what we think of now as the middle class and the less-than-middle class. I say that as one who is receiving SS now.

[Georgia Girl 2]

“The sooner we “face the collapse” the less severe it will be”

I agree but the govt is not going to do that. They know a collapse is inevitiable. Bernanke knows also. They are going to go through every contortion possible to hold it off til the last moment. We are preparing for it and encouraging our friends and relatives to prepare. Its going to be a really bad time.

[JSteff]

Ray it will never fly. 5 of the 7 are areas the left and dems use to get votes from the "uninformed voters" who reelect them year after year.

Since whether or not they are in office the dems/left control politics and the judiciary they will never let it happen.