tag:blogger.com,1999:blog-6244999628674918029.post2559405800651649748..comments2024-03-28T13:53:04.287-05:00Comments on Bayou Renaissance Man: The Washington bubble continues to ignore fiscal realityPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6244999628674918029.post-57627588725909841722017-03-22T14:06:37.340-05:002017-03-22T14:06:37.340-05:00Quartermaster got it right.
The closest thing to ...Quartermaster got it right.<br /><br />The closest thing to a workable solution involves the elected officials putting the welfare of the country ahead of their own, and of their constituents, and that's never going to happen. Moreover, any fix that was implemented would take more than four years to begin to work, and would result in an election day turnover.<br /><br />Too bad, so sad. Oh well, nothing lasts forever.Mad Jackhttps://www.blogger.com/profile/06190137186843630543noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-22165163014423089552017-03-21T15:52:36.299-05:002017-03-21T15:52:36.299-05:00The problem will not be solved by FedGov, and the ...The problem will not be solved by FedGov, and the US of A will not survive the universe's solution to the problem.Quartermasternoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-4138912693796299312017-03-21T13:26:41.016-05:002017-03-21T13:26:41.016-05:00"Add to them the unfunded liabilities of the ..."Add to them the unfunded liabilities of the US government. "Unfunded" means that there is currently no money available to pay for these future financial commitments."<br /><br />Don't forget that federally guaranteed student loans are about half of the "assets" of the U.S. government.Peter Bnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-29556655213522750092017-03-21T12:51:19.740-05:002017-03-21T12:51:19.740-05:00Open up campaign funding - but require that for ev...Open up campaign funding - but require that for every dollar donated to the candidate, 80% go to address the national debt. <br /><br />For every Dollar Candidates spend, 50% should go to their State Debt.<br /><br />Some combination of two things will happen: <br />- Debt will get some meaningful dollars thrown at it<br />- A lot less money will get spent on elections.<br /><br />Something similar should be enacted for lobbying. If you can't kill it or control it, at least try and make it work for you...<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-73270800972416690032017-03-21T10:03:28.653-05:002017-03-21T10:03:28.653-05:00This problem is almost too big and complicated to ...This problem is almost too big and complicated to talk about. The decoupling of all world currencies from any kind of standards is a big part of it. Keeping interest rates at essentially zero percent has transferred about $8 Trillion from savers and retirees to the well-connected banks. Creating trillions from nothing across the whole globe has led to inflation and all sorts of market distortions. Tax rates are not the same as tax revenues, and raising taxes some percentage never results in the same amount of increase in revenues. Taxing corporations ends up in taxing their customers because corporations don't have a penny besides what they get from their customers. Corporations can't pay tax, they can only collect it from their customers. <br /><br />To really fix this requires not just balancing the budget but running surpluses for as far as you can predict; as far as the eye can see. <br /><br />That's why there's no conclusion other than that the entire western world economic system is going to collapse. At some, unpredictable point in the future. <br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-24219613472530860302017-03-21T08:52:11.111-05:002017-03-21T08:52:11.111-05:00comparing the length of my grocery receipt from 20...comparing the length of my grocery receipt from 2000 and from today...roughly the same amount of money, maybe half as long? So making "more" money, but spending it on the same things I did 20years ago, living at a lower income level.Elizabethhttps://www.blogger.com/profile/12185083858525504442noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-5439846093298031142017-03-21T08:07:38.324-05:002017-03-21T08:07:38.324-05:00The interesting thing is that there is 30 trillion...The interesting thing is that there is 30 trillion dollars hiding off shore from the IRS...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-726737556583786512017-03-21T06:10:03.421-05:002017-03-21T06:10:03.421-05:00Of the four options that you presented, the last i...Of the four options that you presented, the last is the least likely scenario. We're a snake eating its tail. <br /><br />But if we fail, the planet fails, and they know this.<br /><br />The Bush years and the years of Obamanation were both very bad. I think that President Trump is trying to bring some balance to the situation but it may be too little too late.LLhttps://www.blogger.com/profile/05538854359365988863noreply@blogger.com