How is the state of the United States Economy? (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
April 30, 2024, 10:29:57 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  U.S. General Discussion (Moderators: The Dowager Mod, Chancellor Tanterterg)
  How is the state of the United States Economy? (search mode)
Pages: [1]
Poll
Question: How is the state of the United States Economy?
#1
Great condition
 
#2
Good condition
 
#3
Fair condition
 
#4
Poor condition
 
#5
Ir depends which state you live in
 
Show Pie Chart
Partisan results

Total Voters: 90

Author Topic: How is the state of the United States Economy?  (Read 2626 times)
Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« on: September 12, 2014, 10:41:02 AM »


The fundamentals are strong but we are about halfway through digging ourselves out of the mess we are in. If things can be stable for another 3 or 4 years, I think things will be doing very well. Of course that depends on their being no major disaster or our nation's politics not sprinting in one direction. 
Logged
Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #1 on: September 16, 2014, 06:12:45 PM »

Of course there are alternatives to military spending and social spending. There are things such as civilian science research programs, infrastructure programs  and the list goes on from there. There's a problem when people are complaining about the deficit and yet roads are unsafe and every promising new technology is scrapped because its "not practical" or is always 20 years and 10-100 billion dollars away.

You want social spending that helps the middle class work? Whatever happened to more spending on education. Sure, its spent inefficiently, but if you spent enough, you would have enough money to fully fund public schools AND allow choice without having to ration resources through bizarre standardized testing.
Logged
Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #2 on: September 19, 2014, 11:26:29 PM »
« Edited: September 19, 2014, 11:36:23 PM by MooMooMoo »

You want social spending that helps the middle class work? Whatever happened to more spending on education. Sure, its spent inefficiently, but if you spent enough, you would have enough money to fully fund public schools AND allow choice without having to ration resources through bizarre standardized testing.

I wish it were that simple, but the US already floods primary education with excessive funding. We spend more than any other nation on K-12, except the obscure and wealthy micro-republics in Europe, like Luxembourg.

Most states have reduced collegiate funding, relative to tuition costs. The federal government could intervene with investment, but we really want to risk disrupting our elite private institutions? The average American would probably answer with an unequivocal "yes", but the elite politicians who attended those universities?

Furthermore, if we spend money on collegiate education, from where should we get funding? We've already hacked the military budget to pieces, and we have no assurance that higher taxes will be spent on collegiate education. If we need another $100B or $200B, it will have to come from elsewhere.
It seems like such policies face fixable political problems rather than problems with practicality. At this point, its not about the middle class calling the poor swindlin' peasants, its the very wealthy doing the same to the middle class. In the long run, it could be a very good strategy for populists who have been framed for the last 40 years as only supporting the very poor.

Further, maybe military spending should be revisited but there are other large infrastructures that could produce jobs and novel products.

AD might be right in that there is too much focus on what only the "47%" need but there are things that all of the 99% can benefit from. "Workfare" such as education (something whose waste must be solved but no one has the solution for), healthcare (Obamacare is basically the last resort to fix a system based on employment-based insurance. If Obamacare fails, gets cancelled or made irrelevant, the next step is either a system that mostly relies on subsidized private savings and credit (which is how I pay for the dentist now) instead of insurance, or a government run system, instead of insurance. I've also heard people talking about "free clinics")  and spending on military and civilian projects.

An interesting study would be how much increased investment in social and physical infrastructure would reduce the need for transfer payments. I'm open to the fact that Republican policies such as replacing the healthcare and education system with a subsidized savings and loans system might work, but like all R ideas, if they worked, we wouldn't be having this conversation.

Of course there is the TEA party/Right-Libertarian/paleocon idea that we should just give up because "nothing is working" and all we're accomplishing is  waiving our rights, some legitimate concerns and some of which haven't been recognized as rights in this country for almost a century. Basically, their policy is "don't be poor or you will be sent to prison" though many of them say that in the mythical past, the "Godly poor" were "happy" and lived in the woods and had gardens.
Logged
Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #3 on: September 20, 2014, 04:35:02 PM »


Read what economists have to say about the US entitlement system. It's not flattering, and the international community are probably the most vocal critics. Organizations like WTO, IMF, World Bank, etc have identified US entitlement spending as an emerging economic threat to global stability.

As I've informed you before, the US uses defined-benefit, pay-as-you-go pension administration for Social Security. Such schemes are illegal in the US private sector, and even the most liberal social democracies steer clear. Couple PAYG defined-benefit with tax-exempt 401k, and historically low tax rates, and you have a formula for disaster. Medicare is not much better.

You've demonstrated consistently that you know virtually nothing about the US entitlement system, which is inexcusable. Ad hominem attacks will not fix the situation.

Do you have intimate knowledge of these other entitlement systems?
Logged
Person Man
Angry_Weasel
Atlas Superstar
*****
Posts: 36,667
United States


« Reply #4 on: September 21, 2014, 08:20:53 PM »

Do you have intimate knowledge of these other entitlement systems?

It's hard not to know about foreign entitlement programs, especially during the current era. Both Sweden and Norway are phasing in their new pension programs. Netherlands overhauled their healthcare and health insurance industries in 2006. Australia's superannuation system (their "company-side" payroll taxes go into private accounts) will probably be reformed again.

Everyday brings news of entitlement reform in other nations. In the US, we just keep increasing spending and benefits.

What is new in the Dutch system?
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.029 seconds with 12 queries.