tag:blogger.com,1999:blog-7406642724976120642.post2528513849662201242..comments2021-02-18T12:33:56.543-08:00Comments on A Voice of Reason: Train Wreck AheadJon Streblerhttp://www.blogger.com/profile/10728937479094566158noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-7406642724976120642.post-24151469418048989282014-01-17T12:51:19.307-08:002014-01-17T12:51:19.307-08:00Well you could say that “It was fun while it laste...Well you could say that “It was fun while it lasted!” I am utterly disappointed at the way this government has been handling their money and businesFirst things first, when it comes to issues like these, congress can’t just fight “like cats and dogs”. It’s simply just not professional and it’s not going to help anyone in the long run. Second of all, we as Americans need to get more educated in the realm of politics. We can’t just refuse to allow cuts because it will limit the privileges of a person. We need to look at the long term consequences, such as this train wreck.<br />David Granda 4Bnoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-37604094625144407512013-04-24T21:55:45.966-07:002013-04-24T21:55:45.966-07:00If Congress wants to start at a maximum amount, th...If Congress wants to start at a maximum amount, then others may oppose to it. But if they start off at a minimum price range, then later on they can expand to a greater amount. Because if Congress were not to make the decision then the economy would be loosing money since Americans would want to invest elsewhere that is beneficiary to them. Thus, Americans also need to be more aware of what's going on around them so the government does not make them "dumb".<br /><br />-Karla ZunigaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-46473052825589100682012-05-28T19:43:48.447-07:002012-05-28T19:43:48.447-07:00Now I'm not much of an economics guy. But if e...Now I'm not much of an economics guy. But if every American starts to whine about the economical problem and the political actions of each politician, then we're doomed. Not only they're doing the dirty, but the public has depended on them too much. Instead, they should do their independant matters, such as high motivation in education and jobs (cite: education problem). Diversity into money means wouldn't work much either. The article states that diversity isn't good either. Well, can the U.S have to do to fix our money problem? Copy Canada? Not happening.(They already obtained better $1 coins, and better money production, from my perspective. Would copying help?)Alex Tamnoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-63841818275168814122012-01-16T16:16:35.029-08:002012-01-16T16:16:35.029-08:00Most entitlement goods seem to have been created t...Most entitlement goods seem to have been created to alleviate the less fortunate but instead of aiding them in a small way, people have become completely dependent on them, and that needs to be stopped by making more incentives to work and reduce these entitlements. Like in the essay “Our Education Problem”, it mentions there is a war between the old and the young. Although the picture of an elderly couple desolated by the government to their own unfortunate fate is heart wrenching, social security benefits should also be cut. It is easier said than done because it is more difficult for people to visualize the possible horrible long term effects over the short term effects that involve them because we tend to think of ourselves first. That is the reason why we resort to borrowing instead of cutting spending and cutting back on spending.Joanna Garcianoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-31693394144539335942012-01-16T15:52:43.725-08:002012-01-16T15:52:43.725-08:00Most entitlement goods seem to have been created t...Most entitlement goods seem to have been created to alleviate the less fortunate but instead of aiding them in a small way, people have become completely dependent on them, and that needs to be stopped by making more incentives to work and reduce these entitlements. Like in the essay “Our Education Problem”, it mentions there is a war between the old and the young. Although the picture of an elderly couple desolated by the government to their own unfortunate fate is heart wrenching, social security benefits should also be cut. It is easier said than done because it is more difficult for people to visualize the possible horrible long term effects over the short term effects that involve them because we tend to think of ourselves first. That is the reason why we resort to borrowing instead of cutting spending and cutting back on spending.Joanna Garcianoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-15820735415259889612011-05-27T01:59:58.820-07:002011-05-27T01:59:58.820-07:00If I were in the position of many of the adults to...If I were in the position of many of the adults today, would not know what to do with my money. Exchanging it into Chinese money seems off the wall and extreme, while buying a whole bunch of silver sounds stupid. I would most likely invest in business or real-estate because it seems more reliable. Then again, I do not fit the credentials of the author by any means which he clearly states at the beginning. So, it makes more sense to do what he says because he, after all, has more experience.Alexhttps://www.blogger.com/profile/14215931959035364160noreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-84715277237479313462011-05-27T00:57:50.100-07:002011-05-27T00:57:50.100-07:00The US as stated in the blog entry has been facing...The US as stated in the blog entry has been facing various economic problems. One of which is the worldwide loss of confidence in the US dollar. As the people around the world lose confidence in the US dollar this means speculations (expectations) are low. Speculation (expectations) is a forecast for the future of the economy. Therefore, as speculations are low there can be a shift of the supply curve to right which will make the dollar depreciate. Depreciation means a decrease in the value of a country’s exchange rate (currency) in a floating exchange rate system. Depending on the type of country and its government a depreciation of the country’s exchange rate can have different effects. In the case of the US dollar it will have a negative effect on the economy because the US dollar is supposed to have a strong currency. As stated in the blog the US dollar defines the US’s standing in the world and the living standards of those who live in the US. Therefore, the US and its people will be affected drastically in a negative way.Liset Godineznoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-43794046952288553232011-05-26T21:48:29.257-07:002011-05-26T21:48:29.257-07:00As you explained how no one in the government want...As you explained how no one in the government wants to even consider cutting spending on health care, welfare, and pensions I thought to myself that the destruction of this country is going to come due to the selfishness and greed possessed by the U.S citizens. Although I do agree with most of the key points in this assessment I believe that there are better alternatives then taking your money out of the stock market. If most people were to take their investments in the stock market and replace them with “anything that has real, intrinsic value” the downfall would be enormous. The stock market would lose a huge amount of value and a lot of negative effects would come from it. Either way I do not believe a bright future is ahead of us.<br />Dustin PinaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-80126345442853859712011-05-24T13:53:32.654-07:002011-05-24T13:53:32.654-07:00It seems the future generations, including myself ...It seems the future generations, including myself will encounter an America where the economy is in recession and it is up to us to fix or lessen the national debt and keep the economy stable, so the whole world will be safe and away from decline. Health care benefits taxes impact businesses as more welfare goes into social security than industrial businesses, profits are lessened and money is lost in due process. It is impossible to say which is the way to go, lessen health care spending or keeping spending. This "train wreck" has developed over time and it seems that the loans and piling debt will never be solved, but to reduce spending on certain budgets could help. Social classes should have equal distribution, but it seems unlikely with the reccession occuring presently. Government must take a stand and reach a compromise in keeping American citizens calm but keeping the economy in tact.Prince Pableonoreply@blogger.comtag:blogger.com,1999:blog-7406642724976120642.post-63927980891089015232011-04-26T01:16:54.604-07:002011-04-26T01:16:54.604-07:00Unfortunately, I agree with your assessment entire...Unfortunately, I agree with your assessment entirely. Although I'm a small business owner and free-market capitalist, I think this needs to be addressed from two sides. The first is on the spending side, obviously. The second, though, is on the tax side. Both from a revenue standpoint and a standpoint of social fairness, I think there are some aspects of our federal tax code that are excessively regressive. There is no way that a person who makes their income entirely through investments should be paying only 15% in capital gains tax while a small business person is paying about 13% just in social security and medicare taxes. The capital gains rate needs to be brought in line with the normal income tax rate. Second, the cap on taxed earnings for social security taxes needs to be lifted. All earnings should be subject to social security tax and that should include capital gains as well. <br /><br />Like most Americans, I want a country that has the potential to allow me to get rich. However, it's not justifiable from either a fiscal or social justice standpoint, to have the very wealthy ducking their share of the burden. <br /><br />I'm for low taxes, but a progressive tax code is fair and necessary, and our eras of greatest economic growth featured it.<br /><br />I think our deficit is a problem, but frankly, the fact that our government is wholly owned by the wealthy is a bigger one. The deficit will just make us poor. Eventually, though, disenfranchised people become violent.ArmyNavyGamehttps://www.blogger.com/profile/02995910754959366495noreply@blogger.com