Sad State Of The US Economy And How To Fix It
The dismal state of the US economy is a big problem now considering what has been going on in government and I am surprised it isn't worse.
I see the biggest problem is it seems like no one in government can do math in order to see what happened and how to fix the problem.
I blame all politicians and big business for the problem but more so the Republicans who just recently let the country dangle on the brink of disaster rather than compromise on anything they wanted in the debt talks.
The Democrats as always in order to save the country and its people rather than just big business folded like it almost always does and that is one of the reasons we are in the state we are in.
The biggest problem is the tea party Republicans which to me is a result of way too many years of Republican brain washing gone wrong.
Now I am not an economist just a normal person who can actually do math and I will explain what I see as why we got here and what we need to do the get out of this mess.
First for you tea party Republicans I will do some simple math so you can understand how we got here because from what I read you think it is only because we over spend.
Let's say in 1970 I borrowed 1 million dollars and was going to pay it back over 40 years not including interest that would be 25,000 a year.
Not too bad because I make 40,000 a year and at the beginning it is OK but a few years later after utilities go up insurance goes up, gas prices go up, food costs go up but not my wages it starts to become a problem.
I know this can happen because I worked for a company for seven years before I got my first raise.
Finely I get a little raise which makes it easier to make my payments but expenses keep going up buy my pay isn't and I can't keep up with inflation.
I keep working hard giving my employer some great ideas on making more money which they use but because I am not management I don't get a bonus for the idea as they would have.
A few years later the company moves overseas to get cheaper labor but I don't know why since most people working there hasn't gotten a raise in years.
Now I have to find another job but no one wants to pay me what my skills are worth so I have to take a pay cut and now it is almost impossible to make my bills.
I keep paying what I can but the bills seem to just keep getting higher and I just can't sustain paying my bills without additional income.
This is where we are now in our country over the past 40 years big business has systematically done whatever it could to cut costs like moving plants overseas or getting rid of its older workers and hiring cheaper labor to increase profits not caring what happens to the older employee.
In the past business looked at its employees as assets but it seems now they look at them as liabilities and seem to do whatever they can to get rid of them.
To me this has always seemed stupid because aren't employees the people who do all the work making the products you sell to make your profits.
A prime example of this is what happened to a major motorcycle manufacture here in the US after posting record profits it went into negations with its workers on a new contract and told them if they didn't take a pay cut they would move the plant elsewhere and like I said this was after record profits.
Of course we know they took a pay cut to keep their jobs and we don't have to guess that the CEO got a big bonus for saving the company all the money in wages.
However with the employees making less money they won't be paying in as much in taxes as they did in the past but of course the company will be more than happy to make up the difference in taxes the government lost through this deal right? Of course not because the business probably got a tax break for not sending the jobs elsewhere along with their tax rate that has come way down over the past 40 years.
Do I think corporate tax rates should have been up around 80% in the past heck no they need the profits to expand their business but in the meantime I don't think because of the lower taxes that the Ceo's of many companies should be making so much more percentage wise over the normal employee then they did in the past.
So how do we fix this mess? The tea party Republicans think we need to spend less and have a smaller government so why don't we start with them, instead of hiring your crony friends to work for you in your government office why not just do the work yourself.
You don't need all those people to do research and check facts just do it yourself, if you can't you should be able to get by with half the normal number of staff that the average Washington politicians has so why don't you start cutting government in your office.
I think the bottom line is our business only think of their bottom line in terms of now and doesn't think of the future.
The other problem is our government had no business giving tax breaks to companies sending its plants overseas.
I see the biggest problem with our government as not being able to do simple math.
Even without increasing spending as it has over the years with the average wages declining and people with good jobs losing them to overseas moves and getting new jobs paying less along with corporate tax cuts all this means less money coming in to pay the countries bills.
The only way we will be able to get our country back on track is to increase revenue and stop corporate subsidies and tax loopholes cut spending and raise their tax rate a little.
We also need companies to have good paying jobs so there will be more taxes collected because let's face it minimum wage jobs aren't going to get the countries debts under control or buy houses, cars or other big ticket items.
We also need to control our colleges tuition because no one wants to spend a hundred thousand dollars for a degree that will net him or her a 35 or 40 thousand dollar a year job.
Many people coming to the US to fill the jobs our companies say they can't fill with qualified us citizens are coming from countries with free college tuition.
The US people can't compete if we don't have a fair playing field or with the deck stacked against us.
Many people say get rid of social security because we should save for our own retirement but if we cut government like the tea party wants who will watch people like Bernie Madoff who stole thousands of peoples life savings meaning their retirement and have nothing left but their social security.
So my question is where and what do we cut because the past tells us business not regulated and watched over will steal us blind.
Tea party Republicans think People who worked for companies that went overseas should not get unemployment for an extended period in order to find a comparable paying job, they should just take what they can get so they can start paying taxes which may be way less taxes and not being a burden to the country.
Government and business must take a hard honest and realistic look at what is going on stop the partisan crap and fix the problem and stop acting like spoiled little brats.
I see the biggest problem is it seems like no one in government can do math in order to see what happened and how to fix the problem.
I blame all politicians and big business for the problem but more so the Republicans who just recently let the country dangle on the brink of disaster rather than compromise on anything they wanted in the debt talks.
The Democrats as always in order to save the country and its people rather than just big business folded like it almost always does and that is one of the reasons we are in the state we are in.
The biggest problem is the tea party Republicans which to me is a result of way too many years of Republican brain washing gone wrong.
Now I am not an economist just a normal person who can actually do math and I will explain what I see as why we got here and what we need to do the get out of this mess.
First for you tea party Republicans I will do some simple math so you can understand how we got here because from what I read you think it is only because we over spend.
Let's say in 1970 I borrowed 1 million dollars and was going to pay it back over 40 years not including interest that would be 25,000 a year.
Not too bad because I make 40,000 a year and at the beginning it is OK but a few years later after utilities go up insurance goes up, gas prices go up, food costs go up but not my wages it starts to become a problem.
I know this can happen because I worked for a company for seven years before I got my first raise.
Finely I get a little raise which makes it easier to make my payments but expenses keep going up buy my pay isn't and I can't keep up with inflation.
I keep working hard giving my employer some great ideas on making more money which they use but because I am not management I don't get a bonus for the idea as they would have.
A few years later the company moves overseas to get cheaper labor but I don't know why since most people working there hasn't gotten a raise in years.
Now I have to find another job but no one wants to pay me what my skills are worth so I have to take a pay cut and now it is almost impossible to make my bills.
I keep paying what I can but the bills seem to just keep getting higher and I just can't sustain paying my bills without additional income.
This is where we are now in our country over the past 40 years big business has systematically done whatever it could to cut costs like moving plants overseas or getting rid of its older workers and hiring cheaper labor to increase profits not caring what happens to the older employee.
In the past business looked at its employees as assets but it seems now they look at them as liabilities and seem to do whatever they can to get rid of them.
To me this has always seemed stupid because aren't employees the people who do all the work making the products you sell to make your profits.
A prime example of this is what happened to a major motorcycle manufacture here in the US after posting record profits it went into negations with its workers on a new contract and told them if they didn't take a pay cut they would move the plant elsewhere and like I said this was after record profits.
Of course we know they took a pay cut to keep their jobs and we don't have to guess that the CEO got a big bonus for saving the company all the money in wages.
However with the employees making less money they won't be paying in as much in taxes as they did in the past but of course the company will be more than happy to make up the difference in taxes the government lost through this deal right? Of course not because the business probably got a tax break for not sending the jobs elsewhere along with their tax rate that has come way down over the past 40 years.
Do I think corporate tax rates should have been up around 80% in the past heck no they need the profits to expand their business but in the meantime I don't think because of the lower taxes that the Ceo's of many companies should be making so much more percentage wise over the normal employee then they did in the past.
So how do we fix this mess? The tea party Republicans think we need to spend less and have a smaller government so why don't we start with them, instead of hiring your crony friends to work for you in your government office why not just do the work yourself.
You don't need all those people to do research and check facts just do it yourself, if you can't you should be able to get by with half the normal number of staff that the average Washington politicians has so why don't you start cutting government in your office.
I think the bottom line is our business only think of their bottom line in terms of now and doesn't think of the future.
The other problem is our government had no business giving tax breaks to companies sending its plants overseas.
I see the biggest problem with our government as not being able to do simple math.
Even without increasing spending as it has over the years with the average wages declining and people with good jobs losing them to overseas moves and getting new jobs paying less along with corporate tax cuts all this means less money coming in to pay the countries bills.
The only way we will be able to get our country back on track is to increase revenue and stop corporate subsidies and tax loopholes cut spending and raise their tax rate a little.
We also need companies to have good paying jobs so there will be more taxes collected because let's face it minimum wage jobs aren't going to get the countries debts under control or buy houses, cars or other big ticket items.
We also need to control our colleges tuition because no one wants to spend a hundred thousand dollars for a degree that will net him or her a 35 or 40 thousand dollar a year job.
Many people coming to the US to fill the jobs our companies say they can't fill with qualified us citizens are coming from countries with free college tuition.
The US people can't compete if we don't have a fair playing field or with the deck stacked against us.
Many people say get rid of social security because we should save for our own retirement but if we cut government like the tea party wants who will watch people like Bernie Madoff who stole thousands of peoples life savings meaning their retirement and have nothing left but their social security.
So my question is where and what do we cut because the past tells us business not regulated and watched over will steal us blind.
Tea party Republicans think People who worked for companies that went overseas should not get unemployment for an extended period in order to find a comparable paying job, they should just take what they can get so they can start paying taxes which may be way less taxes and not being a burden to the country.
Government and business must take a hard honest and realistic look at what is going on stop the partisan crap and fix the problem and stop acting like spoiled little brats.
