The US Economy is Doomed

The general public that couldn't run a corner store has done a great job of killing a Country with it's pandered votes.

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Film & Animation

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• xtranormal

[Larazoma]

This is wrong, for one reason.

You DO have to spend to get out of a recession, the way an economy works is by pumping money from one end of society to another, you stop spending the money stops moving.

Saving itself is not a bad idea, but it has to be balanced, it's only a relevant term when you offset it against 'borrowing' you shouldn't borrow, you should spend from your savings, basically loans and overdrafts are the thing that screw over the individual.

Austerity itself won't fix the problem

[kevinbubel]

@Larazoma Government spending increases debt load while injuring the competitiveness of the private sector. It's a lose lose. It's lipstick on a pig. I for one am not fooled by the rouge.

People have no savings. That is the point. In the 70's Americans were saving 15% of their paychecks. In the 80's it was 10%. Last decade it was 3% and now it is 0%. That is is zero.

Also in the last decade personal debt (mortgages, credit cards etc) doubled. $5T to $10T.

[nousernamestaken]

We were warned about the military industrial complex.

[kevinbubel]

@SCRuBSfANdB I disagree strongly. Things have never been this bad with this many factors conspiring.

[Megaman624705]

@Larazoma people overspend with their credit cards way too much, pointless wars, low taxes on the upper class in comparison to the middle and lower class, america's production of things being low, and etc are some of the reasons why we are in this state.

[FirebirdCamaro1220]

to clarify, I don't just mean give them more money and then raise prices, like now; but either give them more money without raising prices on goods/services, or keep wages where they are now and lower prices, that way, people really do get ahead, instead of perpetuating the wage/price spiral which leads to inflation

[FirebirdCamaro1220]

people wouldn't have to go into debt to spend if their employers would pay them a fairer piece of the pie, that's more of the problem than anything else

[knightnoctum]

@Larazoma Spending, in this situation, is not bad if done with job creation in mind. Restructuring and modernizing of infrastructure will reduce costs in the future and create jobs now! Government eventually put many people to work during the Depression this way! Bail outs will never work if the twits getting them don't reinvest the funds as intended!!! Their greed over runs common since and they give out bonuses! Really? Where they in trouble in the first place? Actions breed doubt!

[Fyranax]

They just do it better.

[unhappyview54]

"The fake Santa Claus..." LOL I like it.

"People prefer lies"

This is definitely truth hurts!

[TWSceptic]

@Larazoma Actually, spending is the result of production. If no one produces, no one can consume. Therefore pumping more fiat money in a system without added production, will not result in a growing economy, but in inflation and a collapse of the economy.

[mojoman2545]

What There is No Santa :O

[johnbarkand]

@kevinbubel things are bad.. duck your head cause the nukes are gonna fly from china. insert head between legs- kiss ass goodbye. RON PAUL 2012