Tapsearch Com EditorFederal Debt and Fiscal Debates
July 26th 2011 22:27
Let's Make a Deal Follow the journey in the fields of broken dreams in the global economy by Ray Tapajna newsworld@fastmail.net
Cutting programs and the entitlements will not do much in resolving our economic mess.
We know when we are trying to balance our personal family budget at the kitchen table that it is all about how much we take in versus how much we spend. We can keep cutting the spending down but if we do not make enough money to survive, nothing really works. We need to find ways to make more money. This is a very difficult task for far too many people these days with all the middle class jobs gone. No matter how many hours we work and no matter how many side jobs we take, the hourly wages are too low to make a difference.
We wrote about how many workers now need government assistance to survive. This assistance represents a last stand against impoverishment. Personal bankruptcies and small business bankruptcies have broken records for years. The sad part is that the senior population was taken by surprise and they too had record breaking bankruptcies. We see many of the elderly working at jobs as a necessity with these jobs once considered to be entry level jobs. Now they should be called exit level jobs because so many seniors have to work until they drop.
Free trade came and betrayed many age groups leaving millions drowning in debt. Millions lost their jobs and thought they would get another one in quick fashion at the amount that they were used to making. It did not happen. Ten years ago, reportedly more than 47 percent of all small businesses had maxed out their credit cards trying to keep their business afloat. Many cashed in their life insurance and used up their retirement money trying to shore up their businesses or their loss of a good paying job like they once had. Many waited too long and everything faded away. Many should have taken the Mickey Mouse jobs earlier for the sake of survival but they did not.
( Workers road to nowhere- Economy is based on employers where workers have to get government assistance to survive )
Why is government different. Free trade came and the U.S. went through the most massive dislocation of jobs in history. Now reportedly the amount of income for the average worker are the lowest in fifty years. Many seniors prepared to enjoy interest income on their savings in their final years but the Federal Reserve came and squashed this overnight.
In the debates about the Federal Debt, we hear very little about all these lost values. We are entering a whole new world of disorder with trillions of money spent to bail out the investment communities and banks who believed they could create money products instead of worrying about the proper mark ups for the production of products. President Bush and President Obama bailed them out and put them back in charge of an economy based on free trade with free trade degrading the value of workers and labor. This value is proving to be the most standard value of all and perhaps a better money standard than paper money itself which has to be manipulated in many ways to grow values.
So the Federal Debt debate is not about how much you take in and how much you pay out. It is about how much you lost. It is about how investment and production went their separate ways. It is about our economy based on making money on money instead of making and growing things has burn out.
Cutting more programs will not work because millions are living in desperation and have no money to pay the taxes that are needed to run the government or provide the bail out and stimulus money to fix things. The government already have spent the bail out money and given away the stimulus money. It is an economy based on putting the cart before the horse and it won't work. All debates about cutting the national debt and balancing the budget should begin with what really caused the problems. It is not surprising that the subject of the Trade Deficit is not even part of the debate.
The globalist free traders are still in command but they have run out of options to resolve much of anything.
They should sit down and handle the discussions as we do at our kitchen table when we run out of money.
Cutting programs and the entitlements will not do much in resolving our economic mess.
We know when we are trying to balance our personal family budget at the kitchen table that it is all about how much we take in versus how much we spend. We can keep cutting the spending down but if we do not make enough money to survive, nothing really works. We need to find ways to make more money. This is a very difficult task for far too many people these days with all the middle class jobs gone. No matter how many hours we work and no matter how many side jobs we take, the hourly wages are too low to make a difference.
We wrote about how many workers now need government assistance to survive. This assistance represents a last stand against impoverishment. Personal bankruptcies and small business bankruptcies have broken records for years. The sad part is that the senior population was taken by surprise and they too had record breaking bankruptcies. We see many of the elderly working at jobs as a necessity with these jobs once considered to be entry level jobs. Now they should be called exit level jobs because so many seniors have to work until they drop.
Free trade came and betrayed many age groups leaving millions drowning in debt. Millions lost their jobs and thought they would get another one in quick fashion at the amount that they were used to making. It did not happen. Ten years ago, reportedly more than 47 percent of all small businesses had maxed out their credit cards trying to keep their business afloat. Many cashed in their life insurance and used up their retirement money trying to shore up their businesses or their loss of a good paying job like they once had. Many waited too long and everything faded away. Many should have taken the Mickey Mouse jobs earlier for the sake of survival but they did not.
( Workers road to nowhere- Economy is based on employers where workers have to get government assistance to survive )
Why is government different. Free trade came and the U.S. went through the most massive dislocation of jobs in history. Now reportedly the amount of income for the average worker are the lowest in fifty years. Many seniors prepared to enjoy interest income on their savings in their final years but the Federal Reserve came and squashed this overnight.
In the debates about the Federal Debt, we hear very little about all these lost values. We are entering a whole new world of disorder with trillions of money spent to bail out the investment communities and banks who believed they could create money products instead of worrying about the proper mark ups for the production of products. President Bush and President Obama bailed them out and put them back in charge of an economy based on free trade with free trade degrading the value of workers and labor. This value is proving to be the most standard value of all and perhaps a better money standard than paper money itself which has to be manipulated in many ways to grow values.
Federal Debt must include discussions about the Trade Deficit as a cause of our economic mess
So the Federal Debt debate is not about how much you take in and how much you pay out. It is about how much you lost. It is about how investment and production went their separate ways. It is about our economy based on making money on money instead of making and growing things has burn out.
Cutting more programs will not work because millions are living in desperation and have no money to pay the taxes that are needed to run the government or provide the bail out and stimulus money to fix things. The government already have spent the bail out money and given away the stimulus money. It is an economy based on putting the cart before the horse and it won't work. All debates about cutting the national debt and balancing the budget should begin with what really caused the problems. It is not surprising that the subject of the Trade Deficit is not even part of the debate.
The globalist free traders are still in command but they have run out of options to resolve much of anything.
They should sit down and handle the discussions as we do at our kitchen table when we run out of money.
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