In fascinating graphs... What a MESS!!!
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- John
- I am married and we have 3 adult daughters and a dog. We live in Plymouth MN. My interests are learning, communicating, home improvement projects, motorcycling, boating, and other outside activities. Thank you for reading my blog and have a great day !!!
10 comments:
In order to balance the budget, what should we do without?
--Hiram
Personally I like the idea of cutting everything by 13%...
And increasing taxes to pay the other 13%...
Our country's current path is irresponsible and unacceptable.
Instead of abstract numbers, let's think of what we should be able to do without. One thing President Trump supported that I agree with is price controls on drugs, the the prices of all drugs be reduced by 70%. That's a great place to start.
--Hiram
--
It will be interesting to see where it goes.
But as long as voting citizens only worry about their pocket book, I am guessing the debt will keep growing until it can't...
American's do seem to like ponzi schemes... Screw those late to the game...
If America is a Ponzi Scheme, how come we aren't broke? Would it help if billionaires paid more in taxes than 750 dollars a year?
--Hiram
Yes it would help if we taxed more and spent less...
We are headed quickly towards broke
If we want to spend less, we need to cut down on the costs of things we buy. We need to pay doctors less. We need to pay drug companies less. We have to let Europe fend for itself a lot more than it does now. All of these policies have downsides, but if we want to spend less, that is what we have to do.
==Hiram
There are many ways to spend less. Usually it involves transferring the costs to someone else. Be it other countries, individual citizens, etc.
Moving spending around is easy to do, of course. That's why I believe we should think of America's balance sheet as opposed to government's balance sheet. The fact is, despite our spending, our country is richer rather than poorer than used to be.
I am reading this book called "Chip Wars". It makes the point that the tech industry is the result of spending on defense. If we added the value of that to the balance sheet, it would look a lot better.
--Hiram
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