10-17-2013, 01:55 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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The only way to decrease the debt is with new revenues. The best new revenues are income taxes raised from new jobs.
Private industry is not doing its part to take advantage of the capital they are just sitting on. Capital flight is a real issue. When it is possible to create products or render services to Americans using low wage workers in other countries -- the capital flees to those countries.
I don't pretend to have an answer but the quality or efficiency of those products or services makes you realize what you pay for is what you get. Are the quality of American made products or service that much better to justify their higher price? In many cases they are not. So, I have to be sympathetic to some degree of the capital flight from America.
We need a huge government investment in new research for basic technologies to create value rated jobs. Just think, if it were not for the huge capital expenditure by the US government on the space program in the last century we might not have computers or an internet today. Military spending is not only about building better weapons -- often, maybe not intended so directly, it is about creating new technologies that can find peaceful purposes too at times.
Spend money were it will do good for the citizenry and the taxpayers. They have been blabbering about waste in government spending as long as I can remember and probably will be complaining of this long after I am dead. It is a argument for the discontented and the simpletons of this world. Make more money is always the answer -- move forward not backward.
Creating a political tantrum like a 5-year-old child like the House has just done is idiocy. In the end the Senate smacked down their lessers (the equivalent of spanking a child or sending the child to bed without supper). We elect these people to act like 5-year-old children? I guess they are a mirror of the persons who elect them ...
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