Can DC Fix the Economy?

Getting Washington to fix the economy----would be much akin to getting a chimpanze to fly a F-22 Raptor----just not much is gonna happen until he gets to the end of the runway and then---well----F-22 Raptor PARTS are gonna splatter all over the concrete!!

 

I answered 'other'.

You asked two questions.

Thread Title:
Q: Can DC Fix the Economy?
A: No.

Actual Poll Question:
Q: Is The Economy Really Able to be Repaired:
A: Yes.

 

Washington can go a long way toward 'fixing' the problem if politicians will do what is economically right and stop worrying about ideology, the next election and their own personal welfare and begin cooperating and do that which is best for the country and the people of this country. If they continue with their narrow ideologies and run the country into the ground ... as they have been then they all, regardless of party, should be voted out of office in 2012.

 

Yes. Bring home the troops and tax imported consumer goods and sub assemblies.

 

Good start. Then cut back Social Security, Medicare and Medicaid, and do away with forced unionization. Then undo the Federal Reserve Act, and take back our money...doing away with the debt at the same time.

 

Finally take every Wall St Banker out by their feet & drag them to the East river & throw them in there. Then dehydrate in the river.

 

Yes, it can.

No, they won't.

No recovery is possible until Obama is fired.

 

It depends on what is meant by fixing the economy. If you mean bringing unemployment back to a reasonable rate, yes for a time. If you mean fixing the debt problem then no.
We are now at 14.59 trillion in debt. We are spending 10 billion a day and 4 billion (40%) of that is borrowed.
Every man woman and child owes 46,774 dollars. Every tax payer owes 130,397 dollars of the debt on top of their annual taxes. To do what it would take to fix the problem would destroy the country as it would not be fixed in one year but rather take over 20 years and the US could not sustain itself with cutting back and raising taxes that long and that much without destroying the economy. The debt cannot be fixed.

 

Technically the money was invented. The so-called "debt" is owed to the Federal Reserve (a private entity, not a government office). Getting rid of the debt is as easy as repealing the Federal Reserve Act. This would not require printing any money; the debt we owe is on the money that has been printed, not on the goods and services that have been purchased. The Fed basically made money from nothing, and we "borrowed" it from them.

Too bad it will never happen, since the politicians who make the laws (at least most of them), are in the pockets of the owners of the Fed (such as JP Morgan Chase), whose campaign contributions got them elected.

 

Yea right. default on every bond that the people hold, every penny to every government around the world and see what happenes. Have you ever heard internal riots and of a world war?

 

The trillions recently invented can't cause inflation unless they are spent into the economy and if they were spent into our economy we would be in better shape.

Now say they were spent in China. Ultimately, money in Chinese hand must be spent in the US. When they are spent in the US should they not help the US economy? Say an American and a Chinese both spend $1000 into the US economy. Once they are spent does it make any difference who spent it?

 

Everything that you mention here, accounts for only 5 trillion dollars. The other 11 trillion dollars is owed to the Federal Reserve. It is not caught up in bonds. We "borrowed" the money from them, and used it to buy stuff, pay bills, etc. There are no bonds, etc., that is dependent upon this "invented" money.

It is all a scam. We could get rid of 2/3 of our debt, simply by telling the privately owned federal reserve (who has control of our money), that it is our money, not theirs, and we owe them nothing.

 

Only 5 trillion! Now I know you must work for the government. 1 trillion is a million dollars a day every day for 2739 years, and you are saying 5 times that as it is nothing.
Also you play with your statement like a politician. We are currently about 15 trillion in debt.
Nearly two-thirds is the public debt, is owed to the people, businesses and foreign governments who bought Treasury bills, notes and bonds.
The rest is owed by the government to itself, and is held as Government Account securities. Most of this is owed to Social Security and other trust funds, which were running surpluses. These securities are a promise to repay these funds when Baby Boomers retire over the next 20 years. (Source: U.S. Treasury, Debt to the Penny; Debt FAQ)

To wipe out the debt will totally destabilize the markets not only here but around the world. Your cure will kill the patient. We would have to become a military government as our own people will revolt, not to mention what the countries of the world like China would do who holds the largest amount of foreign debt. The debt cannot be fixed.

 

Havensdad
let me make a concession of sorts here. I keep saying the debt cannot be fixed and you say it can. I will agree that the debt can be done away with, fixed if you will, but the result would totally destabilize the nation and the world. So if by saying "the debt can be fixed" you mean it also totally disrupts world economy as well as the way of life in this country then I agree. Other then that the debt cannot be fixed. The cure would kill the patient and spread like a pandemic virus around the world.

 

right. because no republicans voted for the debt ceiling bill and have no hand in overspending and bad money management.

 

Good to have you on board. That post is a good one. :laugh:

 

You need to study this matter more. You do not understand what is going on. We DO NOT ACTUALLY owe the majority of our money to anyone; it is a big scam.

Read up on the Federal Reserve Act. You are drinking the Kool-aid of the two parties. The Federal Reserve is a private bank, owned by several major worldwide banks, including people like JP Morgan Chase, and Rockefeller. All of the money we owe, was routed through them. They invented money from NOTHING, and lent it out. Some of that money is in the form of bonds and such, that was bought by China, private citizens, etc. You are right about this portion, though the links you provide do not say what you are saying. It is around 5-6 trillion dollars.

The other 2/3 is NOT in the form of bonds, etc. It was spent by the U.S. government. MOST of the interest that we are paying, is being paid to a private bank, and its owners, for money that they invented from nothing. A repeal of the Federal Reserve Act would eliminate 1/2 to 2/3 of the debt immediately, with NO effect on the markets.

 

"We DO NOT ACTUALLY owe the majority of our money to anyone" :laugh:

 

Saw this article on Investors Business Daily about what has occurred in DC over the past couple years to hurt economic growth, and what can be done to move things forward once again.

"Obama Can Still Get Economy On Growth Path"

The rest can be see at:

http://www.investors.com/NewsAndAna...bama-Can-Still-Get-Economy-On-Growth-Path.htm