How Far Out of Whack

Stu Farish

Stu Farish

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Staff member
is our spending? Too damned far.

If the federal govt was an American family, they would have an annual income of $55,000, will spend $96,000 this year and have credit card debt already totaling $366,000.

So they're spending $41,000 that they don't have, which will take the CC debt to $407,000 going into next year, on income of $55,000.

This is so far out of whack it's beyond fixing it by cleaning up waste & fraud. We're now a broke, debtor nation.

Can we fix it? yes, but it's going to hurt. A lot. We're spending almost twice what we take in. To even begin to fix it we have to cut our spending about in half.

On the plus side of the ledger, as a nation we are rich in terms of natural resources & creative, industrious people who have the capacity to do great things. Take off their handcuffs, get out of the way & watch them go.

But the notion that our govt can be all things to all people needs to come to an end.

Will it happen? I think maybe it will, but not willingly. It won't surprise me if we don't keep it up until it just collapses & we're forced to do something.
 
Quote:On the plus side of the ledger, as a nation we are rich in terms of natural resources & creative, industrious people who have the capacity to do great things. Take off their handcuffs, get out of the way & watch them go. I've said for years that we (as a nation) need to quit selling our resources to other countries and allow our own citizens to re-establish our ability to manufacture the quality products that we were once known for, by legal immigrants and naturalized citizens....

The corporate greed in this country is part of what is going to put us under, and when you add the political shenanigans and corruption into the mix, there is little hope unless there is a major uprising and turn around...

There used to be a time when an employee could reasonably count on his job to be available for a life time...now, that loyalty (both ways) is gone and very few are sure of anything...
 
Don't buy into the "corporate greed" meme. It's communist/socialist nonsense.

When a greedy corporation makes money it's called profit. Making a profit is the purpose of a corporation, it's the reason for it's existence. It's also a very good thing.

Profit is what allows for expansion, pay raises, and new hiring.

Profit is what makes your retirement plan work.

Profit is a GOOD thing. Without a profit driven economic system (capitalism), we would have communist totalitarianism (USSR).
 
was it mark stein yesterday saying the US borrows 188 million an hour?
if the feebs seized everything that the 400 richest americans owned, there would only be enough to keep the feebs running for 4 months, thats not even counting the states.
its too bad that we cant hold these elected officials personally responsible. maybe then they would change their ways.
 
I have no problem with the concept of profit... In fact I applaud it..... My gripe is with the corporations that are outsourcing manufacturing to third world countries due to cheaper labor (cost and quality) and exploiting our natural resources under the same umbrella...Our government is enabling this process through tax breaks and bowing to the efforts of the lobbying groups in the name of special interests, instead of the general welfare of our economy and our citizens...

Instead of handcuffing our production, the handcuffs need to be put on agencies such as the EPA and several others....
 
The corporate greed in this country is part of what is going to put us under, and when you add the political shenanigans and corruption into the mix, there is little hope unless there is a major uprising and turn around...

Old Turtle does this mean TRUMP will be the straw that broke the camel's back ?????? If so by-by America in 2012 Anyone that VOTES him will be CRYING TO MOMM-AH sort of like i hear every day now about Obama....QUIT VOTING FOR A-HOLES and get the country back.....
 
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I was out cleaning my fur shed today and noticed my over 20 year old cat fish rods hanging on the wall. Thought I would get them down and clean them off. Both Penn 209 reels were made in the USA and the rods were proudly custom made in the USA, Michigan. I'd forgot how much I really liked them. Bet people in this country aren't paying taxes or have health insurance here to make them now.
 
Quote:Our government is enabling this process through tax breaks and bowing to the efforts of the lobbying groups in the name of special interests, instead of the general welfare of our economy and our citizens...
Exactly.

It's not the corporations, it's the government. They make laws and regulations that make it really stupid in many cases for corporation NOT to outsource (in most industries it's because of taxes and regulations, not cheap labor). Many corporations are not only outsourcing, they are outright leaving. Did you know that Halliburton (just as one well known example) is no longer an American corporation?

There are very good reasons why in recent years 10s of thousands of (formerly) U.S. based corporations have left the country to become foreign corporations. U.S. tax laws and regulations have ensured that it make more sense to leave, particularly for corporations that compete globally.

Another factor in the corporate equation is the cost of regulation. In 2008 (most recent available) regulation compliance cost U.S. businesses $1.75 trillion. They've got to make enough profit to cover those costs or they will go out of business.






Quote:The corporate greed in this country is part of what is going to put us under,
On the contrary, the wealth creating/producing profit motive is a major part of what will save our economy... if we can eliminate-curtail the government imposed impediments.

Here's one for you guys. American corporations are keeping more than a trillion dollars of profits overseas. Not doing anything with it, just letting it sit in money market accounts (or whatever). Nasty greedy corporations right?

Well not exactly.

That trillion dollars is profits made from overseas sales and manufacturing and has already had taxes paid on it in the appropriate country. If the corporation were to bring that money back to the U.S., they would have to pay U.S. taxes on it too (currently the highest or second highest in the world). Many corporations would like to use that money to expand their U.S. operations, but they're not stupid.

The basic concept that government should "control" business is a communist/socialist one.


 
All you have to do is put yourself in the business owners shoes. Your in it to make money, and the more taxes and regulations there are to deal with, the more unattractive it is to do business. Simple as that. Like Leon said, its in large part, over taxed and an over regulated country such as ours is what is to blame. Thats my opinion. And Longbarrel, if I not mistaken you are a truck driver, you should know all about over regulated.
 
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Amen!
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Where does all the money go??
YTD Amt.
FED $4,402.54
Soc Sec. $1,568.99
Medicare $541.67
NE TX $1,803.003
for four months!
Tax on almost every dang thing I buy...then there is vehicle registration..
disgusting!...and then I wonder if soc. sec. will even still exist for me...puckers my sphincter so bad it`s a wonder I dont turn inside out...lol
but really where does it go???
 
Short answer? Entitlements. Medicare, Medicaid, Social Security (none of which are allowed in the constitution). Then there's all the cabinet level "Departments" (also not allowed for), Education, Energy, Housing, etc.

Social Security would be the easiest to "fix", or even better buy everyone below a given age out of it and drop it altogether (as Chile did 30 years ago).

Medicaid (and any other welfare programs) should be entirely up to the individual states, and Medicare only exists because of idiotic tax and insurance regulations.

There ARE solutions, the question is whether we will be able to do anything with any of them in any real way. I think that depends entirely on the 2012 elections.

If Obama and the Dems win (and RINOs), it's likely we'll reach the point where Greece or Portugal are now, only there's nobody big enough to bail us out, so we'll crash. That will probably cause a worldwide depression, mass upheaval worldwide, and a return to widespread totalitarianism as governments "take control for public safety".

IMHO that's probably the plan. I would guess that Obama and friends would object to the "totalitarian" characterization, but they want total control of the economy and the citizenry, and that's what it is.
 
Well thanks for the "short answer". I guess it just gets discouraging to hear all the time about our national debt / out of controll government spending.
I have been getting hit `extra hard`, lately due to the OT worked.
Looking at my last pay stub kind of made me say..WOW..that hurts...and then start thinking about everyone else pays in also (well most people anyway).
I have also felt the pain of losing a job (a good paying one too) due to the company / corporation opening factories outside of the U.S.
I hope things get better. I still say Proud to be American, and although I have not traveled the world..I don`t believe I would want to go anywhere else...not yet anyway..lol
 
Originally Posted By: NM LeonShort answer? Entitlements. Medicare, Medicaid, Social Security (none of which are allowed in the constitution). Then there's all the cabinet level "Departments" (also not allowed for), Education, Energy, Housing, etc.

Social Security would be the easiest to "fix", or even better buy everyone below a given age out of it and drop it altogether (as Chile did 30 years ago).

Medicaid (and any other welfare programs) should be entirely up to the individual states, and Medicare only exists because of idiotic tax and insurance regulations.

There ARE solutions, the question is whether we will be able to do anything with any of them in any real way. I think that depends entirely on the 2012 elections.

If Obama and the Dems win (and RINOs), it's likely we'll reach the point where Greece or Portugal are now, only there's nobody big enough to bail us out, so we'll crash. That will probably cause a worldwide depression, mass upheaval worldwide, and a return to widespread totalitarianism as governments "take control for public safety".

IMHO that's probably the plan. I would guess that Obama and friends would object to the "totalitarian" characterization, but they want total control of the economy and the citizenry, and that's what it is.




No doubt about it.
 
I prefer Trumps idea of high import taxes, causing a trade war and world wide depression. vs. just stupidly spending ourselves into the same outcome.
 
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