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Originally posted by Iiquiringmind
reply to post by nightbringr
You can't really fix something thats a total loss
Originally posted by Venomilk
then you cut taxes, freeing up a bit of spending money when it starts getting tense, you dont raise them.
you dont have to cut spending if you spend on things that will be worthwhile.
invest in industry, infrastructure. dont just throw money at the situation, you have to invest it to make your country worth something. countries should be able to generate their own revenue from dealing with other countries. you cant do this when your workforce is the target of austerity. a country should be like a business. prophits go up when you cut employee pay, but that doesnt mean its the best solution, particularly in the longrun
greece is just like many other countries, they can make money, but bits and pieces go missing before it can be put to good use.
Originally posted by Venomilk
you cant expect to take more of your workers' paychecks as the cost of everything they need rises and expect productivity and standard of living to rise
Originally posted by Venomilk
you want a solution? there is none, because the ONLY solution is sound economics, selflessness on the leaders part, and trust that those same leaders are really doing what is in the best interest of the people
Originally posted by POPUP2000
reply to post by nightbringr
en.wikipedia.org... here read
* Tax increases will not comprise more than 45% of the extra amount needed to ensure a balanced state budget.
* Measures to encourage increased employment place emphasis on facilitating major projects and enlisting the co-operation of pension funds in participating in financing projects.
* Plans put forward with fixed dates for reconstruction of the banking system and the state’s ownership policy; non-Icelandic parties will be able to acquire holdings in Icelandic financial undertakings, in part to facilitate access to credit. Restructuring of bank ownership to be completed by 1 November 2009.