Tell me...What would YOU do about this economic mess?

Discussion in 'Political Opinions & Beliefs' started by ELOrocks17, Jul 29, 2011.

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  1. ELOrocks17

    ELOrocks17 New Member

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    What would be your solution to this crisis on the debt ceiling? What do you think needs to be done?
     
  2. maat

    maat Well-Known Member Past Donor

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    I would admit that the ceiling is too high as it is and restructure the budget to fit revenues.

    In doing so, I would eliminate all unnecessary functions first. Then, wisely downscale all others.

    It is a complete fallacy to believe that the american people have to steal future wealth in order to survive today. Our government is way too big and corrupt, it needs to be massively downsized and the american people need to stop depending on the federal government.

    The way I have done this is to live below my means enough to save for future needs without any consideration of government programs. I have in savings 6 months worth of expenses as apposed to needing unemployment(which as a small business owner I pay into but do not qualify for).
     
  3. TARFU

    TARFU New Member

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    Fire them all.
     
  4. wayers

    wayers Member

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    Things I would do as leader:

    Evaluate and eliminate all unecessary jobs in government- assistants, interns, middle management, the state department, immediately cease all war efforts, dismantle universal healthcare, sell off surplus government equipment.
    Cut the EPA in 1/2 and fire Lisa Jackson.
    Cut the IRS in 1/2.
    Implement a work for support program when considering food stamp applicants.
    Eliminate Farm Subsidies.
    Open up Federal no drill land.
    Reward businesses that keep companies in the US.

    No new taxes would be implemented until these steps were taken.
     
  5. ELOrocks17

    ELOrocks17 New Member

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    Both plans are excellent! And the best part is...its completely non-partisan! I would also add cutting 80% of foreign aid to any countries in the EU, middle East, or ANY country with petroleum resources (Like Mexico)
     
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  6. Slyhunter

    Slyhunter New Member Past Donor

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    Create a budget that doesn't require borrowing. Only spend what we earn except for wars and natural disaster. No need to raise the debt ceiling.
     
  7. Savoir Faire

    Savoir Faire New Member

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    You do what any 'normal person' would do...

    Let's say Dale's credit card is maxed out and he has no way to pay it off because he is currently spending much more than he is taking in. What should Dale do?

    A.) Call the credit card company and ask for his credit limit to be raised.
    B.) Take out a loan to pay off a few bills.
    C.) Cut back on spending until income is higher than expenses.
    D.) Do nothing

    It seems like the easiest and most common sense approach would be C, but unfortunately, our brilliant government doesn't see it this way... I don't believe they see at all really.
     
  8. toddwv

    toddwv Well-Known Member Past Donor

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    End all conflicts. Bring those troops home. Close at least 400-600 overseas bases. Cut the "defense" budget by 1/2 including weeding out the rampant waste and fraud that the Pentagon seems to encourage.

    Repeal the Bush (now Obama's) tax cuts.

    Repeal Gramm-Leech-Bliley and the Commodities Future Modernization Act effectively reenacting Glass-Steagall.

    Take a close look at farm subsidies.

    Increase taxes on companies that make huge profits but refuse to hire and/or increase general wages.

    Start taking a look at the many redundant services offered at the federal level, attempt to consolidate.

    Invest heavily in infrastructure including maintaining current infrastructure and modernizing it where appropriate.

    Audit the fed at a level that requires a team equipped with electron microscopes.

    That's a few for starters.
     
  9. padcrasher

    padcrasher New Member

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  10. ELOrocks17

    ELOrocks17 New Member

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    Not trying to argue with you...but what would all those soldiers do once they come back to the US?
     
  11. wayers

    wayers Member

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    I like that idea as well and agree!:thumbsup:
     
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  12. padcrasher

    padcrasher New Member

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    Go to work building infrastructure.
     
  13. MissJonelyn

    MissJonelyn New Member

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    Great I guess we are increasing the debt ceiling for the 57th time...

    I guess our willingness to compromise trumps our willingness to be responsible.
     
  14. LibertarianFTW

    LibertarianFTW Well-Known Member

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    Well, I wouldn't raise the debt ceiling for sure. I would cut almost all discretionary and military spending, then ease out of welfare programs (SS, etc.). This would create enough surplus to slowly pay back the debt (hopefully "ease" fast enough to be able to pay everybody on time).
     
  15. MissJonelyn

    MissJonelyn New Member

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    The racist is right.

    What's the point of having a debt ceiling if all we are going to do is keep raising it. Not raising it shows that we are ready to start getting serious about how debt reduction. It sends a message to our creditors that we are getting serious about not trying to destroy the value of the dollar.
     
  16. TARFU

    TARFU New Member

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    What would you repay the debt with? Dollar bills? They're debt instruments. The only thing that can be done is for Congress to abolish the Fed, and assume their assets and liabilities.

    We'd have to go back on the gold standard, and repay any outstanding obligations with real money, and repudiate what we couldn't afford.

    This really is the only viable solution we have. Anything else is just kicking the can down the road, and making indentured servants of future generations.
     
  17. LibertarianFTW

    LibertarianFTW Well-Known Member

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    I love your parallel hypothetical. I don't get how intelligent individuals don't understand this.

    So raise the debt ceiling for another ten years?
     
  18. padcrasher

    padcrasher New Member

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    Our credit rating as a Nation was just downgraded two days ago, not for constantly raising the debt ceiling, but for even contemplating "not" raising the debt ceiling.

    So your theory is absurd.
     
  19. LibertarianFTW

    LibertarianFTW Well-Known Member

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    Okay, that made me laugh :D

    I absolutely agree. Instead of listing everything I would cut, I just said "discretionary spending," but the Federal Reserve must go ASAP.
     
  20. toddwv

    toddwv Well-Known Member Past Donor

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    I'm not requiring this all to be done by next year. It's a process that can be prioritized and benchmarks set.

    Many troops that have been deployed for extended periods come back with full GI Bill accounts and a decent chunk of savings. Wouldn't that provide a respectable flush of economic activity as that is redirected back into the US as opposed to a base town 1/2 the globe away? They don't all have to be discharged immediately.
     
  21. MissJonelyn

    MissJonelyn New Member

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    Your economic illiteracy is astounding. That's not how credit ratings are determined.
     
  22. JIMV

    JIMV Well-Known Member Past Donor

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    5% cut i every program
    freeze all spending at that new level for 5 years
    Revoke BoBoCare
    Freeze ALL new programs and spending at none

    That would eliminate the deficit in a few years and cut the debt in half in a decade.
     
  23. GoSlash27

    GoSlash27 New Member

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    Simple: Use all those building materials allocated for the wall along the Mexican border to build a giant wall around the beltway instead. That is, after all, where all our problems are coming from. You want to talk about people who suck up our money, steal our jobs, and can't understand our language? They're all in DC.
    Then once we've done that, we can fill it to the top and stock it with trout. Spending problem solved. :popcorn:
     
  24. ELOrocks17

    ELOrocks17 New Member

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    Oh...by the way, one other thing i would do is amend the constitution to make sure NO ELECTED OFFICIAL IS ALLOWED TO SERVE MORE THAN 1 TERM. That way 90% of thier time money and effort will be to serve the people, not plan thier re-election
     
  25. Inphormer

    Inphormer Banned

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    Modern version of Civilian Conservation Corps (CCC), 1933-1941 with a broader mandate. Actually EVERY able bodied unemployed person that applies for unemployment should have to join. You can have them build highways, clean public areas and buildings. They should fill sands bags when there is flooding, etc. In exchange give them housing, food, and basic healthcare. Every public project that needs to be done could use these people.
     
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