Quote:
Originally Posted by wig
There is a real threat that putting on the brakes – raising taxes, cutting spending, tightening money -- will send the economy into a deflationary tailspin where the best case is we end up with a Japan style deflation and the worse case that we witness a global deflation / depression (when the US sneezes, the world catches a cold).
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If you take that much money out of the system the results might be a lot worse than some think.
Quote:
Originally Posted by Rochard
Welfare was meant to help people, not support and raise entire families. It's pretty simple - if you hand someone an opportunity to make "$X" for the rest of their life, most people will take it. And they take welfare, Section 8 housing, and other benefits, and they live off of it. They never have to work a day; They might not live well but they don't have to work - Ever.
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The days of full employment in proper jobs are over. Look at how many people it took to make a car 15 years ago and compare it with today. Automation and computerisation have made millions unemployed in manufacturing. This has happened in most industries.
Then there's the export of jobs to 3rd World Countries. How many times do you phone a call center and speak to someone in India?
Look at these countries to see what exporting jobs means.
Czech.
Yes steady growth.
India.
And if you look around the World you see the same pattern and it's not new. How did Japan get to be such a thriving economy? Yes by exporting cars, electrical goods and other things OUT of the country.
We were sold the myth that the West would replace these jobs with technical jobs. That was wrong. China is now putting men into space and Japan is leading on technical advancement. China 40 years ago couldn't feed itself, Japan was devastated after WW2. They both grew by
EXPORTING.
We were sold the myth that they would only be making cheap goods and we would remain at the top by the powers of technology. Welcome to the truth.