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Termyn8or -> RE: Jesse Jackson: Forget the deficit (1/26/2010 7:00:35 PM)
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FR
It's obvious why this guy is not President. Maybe after a few more years of dumbing down he might make it though.
Create jobs doing what ? Weatherizing public builings ? You mean the buildings where the doors open several hundred times a day, and are equipped with those oh so efficient forty foot cathedral cielings ? Give me a break, the heating bill is going to be more than most of us make no matter what. More highways that fall apart when much better technology is available, yet it is not used because it would cost jobs ? Eliminating government employment, eliminate redundant jobs and then what ? One third of the people in this country work for the government either directly or indirectly. Take it down by half and you exaserbate the unemployment problem. What's more many of those government employees are practically unemployable in the private sector, even if there were jobs. I wouldn't let most politicians wash my car.
None of this matters anyway. Without a solid sustainable base of exports, all we are doing is shifting around the same pile of money within our borders. The new money printed is going for interest. Even though I did not support Ross Perot, I would really like to know what he has to say about this mess. At least there is half a chance that he knows what the fuck he is talking about. And Jackson was not much farther from the Presidency.
You want to forget about the deficit, be my guest. But just do it right. Refuse to pay. This will cause a great deflation and it's about time. Forestalling the inevitable never does any good. The wealth will never be created to remove the yoke of debt from around our necks, at least under these conditions. Our natural resources leave this country for offshore factories and are returned as finished product at an alarming rate. As long as this situation continues there is no way out. Either we get back to work or have hell to pay.
Nationalise the debt, the currency and all control thereof. Let the dollar drop to it's real value, which is maybe 10% of what it is thought to be now. We don't have to become an isolationist nation for this, but our money will not be worth as much which would vastly increase the costs of imports, something that no efficiency expert in China could ever hope to overcome. In other words, we are selling our future to prop up our present, and inadvertently are propping up those who sell us cheap and poisoned goods. They will fall with us, but do have other markets, it's just that we are the largest.
If you look at the overall numbers, the goods we produce, the ones we buy on credit from abroad and add them up, we should be fucking ashamed of ourselves.
Realize though, that under the right guidance we can recover, but I am not holding my breath. You can't "create" jobs. Get that through your head. Most people who work for the gov don't really have jobs. Yes a few do, but in large part it is just a place to shuffle paperwork and harrass the people. Collect fines and such. There is no product. In math if you multiply by zero the product is zero. This is where we are at.
So you can't create jobs, so what can be done ? Create an environment where jobs create themselves. Entrepeneurs willing to put their money where their mouth is should be encouraged, rather than taxed and regulated out of business in the first year. The guy with the formula for road surfaces that last 30 years instead of 3 should be let out of the box. Electric cars should be as spartan as possible, a beater with a heater, that's all most people need. I don't need a car that woun't run because one of the fucking speakers is blown or the airbags are disabled. I don't need a $2.000 TV, those are pieces of shit so I want it as cheap as possible, and that includes it lasting longer than the warranty.
We don't need to take over health care, just change the business environment to prevent the current gouging, self destructive trend. Bring the costs into line. We don't even need to regulate the banks, except to prohibit them from doing certain things - period. We don't need much more in the way of roads, take a look at Indianapolis for a clue. We don't need a plethora of new public buildings that cost at least three times as much of our money to build and maintain than it would if done by the private sector.
However the private sector must have constraints. Anyone who handles other people's money should be under scrutiny, but unfortunately we don't have the right people in place to do it.
As far as defaulting on the national debt, it is enivitable. Without drastic changes which will include alot more belt tightening for the average Joe, the government has to do it too, they are the biggest spender in the world. But then what do you expect when it does not come out of their pockets. We must default on the debt, it is just a matter of when. We can do it now while there is still just a bit left to soften the blow, or we can wait until it happens by force of business law.
The first few words are right. Fuck the deficit. But if we do it when we choose, it will go alot better. It's just the plan that stinks. Jackson knows nothing about making money. But then neither does Bush, Obama or almost anyone else in government.
Even administrators past who allowed this fractional banking Ponzi scheme to come to pass would be aghast at the outcome. In other words, with proper mnagement it could have gone on for alot longer. But then people had these yacht payments and mortgages and probably don't even remember how many houses they own. Their greed was insatiable. It still is apparently.
And not out of malice, to remove any vestige of hope for saving the current system, have a look at the total debt. What they tell you every year is what they are tacking on every year. Look at the TOTAL. It will soon exceed the GDP by the estimates of some financial experts. And in this case, I don't think the numbers lie, but if they do we are in much deeper shit than even I realize.
Enough for now.
T
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