It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by tetrahedron
The only solution is collapse and reset.
Originally posted by tetrahedron
If you gave every US citizen one million dollars (we're all rich now!) the purchasing power of $1 ml would be greatly reduced.
The value of a $ (in theory) is based on the supply of available dollars and the demand for dollar denominated assets. Thus, if you increase the supply of dollars dramatically without any other variables in the economy changing, the cost of things rise in proportion to the money supply increase (so we're not actually rich).
Originally posted by tetrahedron
There's no such thing as free health care (free energy however, or zero point, well that's a different story).
You see a doctor. With that doctor comes a nurse, an orderly, a pharmacist, a janitor, an IT guy, etc. All those people get paid, or you no longer have a healthcare system.
Originally posted by Three Legs
I think we are all suckers for working ...
Originally posted by ararisq
It sounds a bit like the woman on illegal immigration that was on the Savage show the other day. ".. because they are all Americans too...and have rights, and there are no borders..."
Originally posted by hotpinkurinalmint
reply to post by sporkmonster
If America is going to stop being the world's police and do other things you mentioned, that would lead to a cut in government spending...correct?
In particular, if America is going to stop being the world's police force, this would lead to cuts in defense spending...correct?
Originally posted by hotpinkurinalmint
reply to post by Freedom or Death
Abundance thinking is what got us into trouble. Abundance thinking is when the people and the government say, "let's go ahead and buy it...we will just put it on the card."
Originally posted by hotpinkurinalmint
reply to post by Freedom or Death
If the government spends whatever it wants, without collecting revenues to offset the spending, the deficit increases.
If the deficit increases to uncontrollable levels, all hell will break loose. The government will have no money to spend on vital programs because its entire budget will have to go towards paying interest on the debt. It will not be able to go into more debt because in order to have a debt, there has to be another party present to loan the government money.
No party will loan the US government money if its debts are too high. If the US' debt is too high, it will also have to pay high interest rates just as somebody with bad credit has to pay higher rates on loans. This in turn puts strain on the investment sector as private investment will be forced to compete against the government.
The government could, as you suggest, just print more money. This would however, lead to out of control inflation.
The sensible thing is for the US government to be fiscally responsible. This can be accomplished by decreasing spending and/or increasing revenues.
Originally posted by helltick
-All politicians should be volunteers.
-All civil servants should receive minimum wage.
-No welfare for anyone unless you prove you are disabled to the point you can't even answer a phone for a call center...no free money.
-10% income tax for ALL...you make a million per year, you pay 100k in taxes.
-No tax shelters, you want to leave the country...go ahead we don't want you.
-Let anyone in trouble fail...or they'll never learn.
-Prisons should be growing are food.
-University and college tuitions should be cut by 75%...If professors don't like it, go work in another country...good luck with that.
-unions should be a thing of the past...they are killing us.
-People should be paid what they produce, you produce nothing you don't eat...and i don't mean producing illusionary profits at a big bank or corp, i mean physically producing something meaningful and useful.
-Interest on ANY loan (car, mortgage, cc) should be .05% or lower, anything above would be considered usury...punishable by hanging.