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Message
There really is no cure to the current economic problems in the US
Posted on 4/21/24 at 9:26 am
Posted on 4/21/24 at 9:26 am
And honestly, I'm not sure in 2024 I even blame politicians for not even really trying to solve it. There is zero political will among the population to eat the bag of turds that would be required to get us off this train wreck in progress.
People need to remember. Even when Reagan showed up and the end of the 70s for that complete fricking train wreck, the "cure" to stagflation yielded 2 years of pretty substantial economic pain. And that crap was a walk in the park compared to where we are now.
Where we are now is so much more challenging than pulling out of stagflation that it isn't even funny.
If we suddenly had a congress and President that somehow passed EXACTLY what would be required to stop us from going off a cliff, it would likely result in as much as a decade of economic turmoil the likes of which no one currently alive has ever seen. It would basically ruin an entire generation of Americans.
So, they all put it off. Hoping that when the economic bomb finally does go off, they are no longer in office or have already died of old age.
People need to remember. Even when Reagan showed up and the end of the 70s for that complete fricking train wreck, the "cure" to stagflation yielded 2 years of pretty substantial economic pain. And that crap was a walk in the park compared to where we are now.
Where we are now is so much more challenging than pulling out of stagflation that it isn't even funny.
If we suddenly had a congress and President that somehow passed EXACTLY what would be required to stop us from going off a cliff, it would likely result in as much as a decade of economic turmoil the likes of which no one currently alive has ever seen. It would basically ruin an entire generation of Americans.
So, they all put it off. Hoping that when the economic bomb finally does go off, they are no longer in office or have already died of old age.
10
Posted on 4/21/24 at 9:30 am to Wishing Well
quote:
There really is no cure
The cure is total collapse and start new.
Posted on 4/21/24 at 9:32 am to Wishing Well
Significant Austerity isn't happening, the good news is the deficit is so insane since 2020, that getting budget more in line would not be unbearably painful. Give me a president who will pump gdp growth and productivity, and drop all the social handcuffs on economic projects, and that will be a great start. We need capital to be assigned by capital allocaters worth a shite, not the federal albatross.
The saving grace to our shithole, is that currency exchanges do have the other side of the trade, and there aren't many countries that aren't in a worse situation than us. It's all relative.
The saving grace to our shithole, is that currency exchanges do have the other side of the trade, and there aren't many countries that aren't in a worse situation than us. It's all relative.
This post was edited on 4/21/24 at 9:34 am
Posted on 4/21/24 at 9:33 am to TrueTiger
quote:That's really is it.
The cure is total collapse and start new.
Here's the sad part. When the collapse finally happens, it will be 100% the fault of the people...........but, they will STILL blame DC and they willl accept none of the blame themselves.
Look at Greece. Voted themselves into bankruptcy and when the government literally could no longer write the checks............did the people say, "well shite, maybe we need to back off?"""""
LOL. Nope.
Posted on 4/21/24 at 9:35 am to Pendulum
quote:
Give me a president who will pump gdp growth and productivity, and drop all the social handcuffs on economic projects, and that will be a great start
We can't grow our economy enough to fix the public debt issue.
quote:
and there aren't many countries that aren't in a worse situation than us. It's all relative.
We are still #1 and the gap has increased significantly since Covid.
While Covid has affected us negatively internally, it helped us internationally. Everyone else was negatively affected much more than we were and they spent way more than we did.
Posted on 4/21/24 at 9:36 am to Pendulum
quote:
The saving grace to our shithole, is that currency exchanges do have the other side of the trade, and there aren't many countries that aren't in a worse situation than us. It's all relative.
I don't view this as the saving grace. I mean yes, you are correct that we are somewhat propped up by the fact that the rest of major economic powers have all shite the bed too.
But, that's a short term win. Because when one of the dominoes falls, they are ALL gonna fall. It won't just be a depression here. It will be a worldwide depression.
Posted on 4/21/24 at 9:42 am to Wishing Well
They just need to pop the bubble and let the recession happen. Yes, it will be massive and it will suck, but it is
It looks like we will never be able to do away with any of these Departments, but they need to freeze the growth.
It looks like we will never be able to do away with any of these Departments, but they need to freeze the growth.
Posted on 4/21/24 at 9:50 am to SlowFlowPro
quote:As I pointed out in another post.
We are still #1 and the gap has increased significantly since Covid.
While Covid has affected us negatively internally, it helped us internationally. Everyone else was negatively affected much more than we were and they spent way more than we did.
This isn't the good thing it seems.
It just means that when the inevitable collapse occurs, there will be basically no one left standing to carry some of the water.
It will almost certainly result in world war. But even if it doesn't, it will take at least a decade to see the light at the end of the tunnel. An entire generation is going to be destroyed and the only real question is, which one.
Young people today THINK it will be them. And, maybe it will be. No idea really.
I do wonder one thing. Are we stumbling into worldwide communism? If money becomes meaningless. If total debt load is something you can just expand the money supply to support. How far are you from basically just handing everybody shite?
Posted on 4/21/24 at 9:51 am to Wishing Well
quote:
People need to remember. Even when Reagan showed up
Reagan started the drunken sailor spending and expansion of government that led us to where we are today.
Posted on 4/21/24 at 9:52 am to Wishing Well
quote:
t just means that when the inevitable collapse occurs, there will be basically no one left standing to carry some of the water.
If the US collapses, it will mimic the fall of the Roman Empire
There will be no rebuilding for a millennia. Society ends.
Posted on 4/21/24 at 9:54 am to 4cubbies
quote:
Reagan started the drunken sailor spending and expansion of government that led us to where we are today.
I guess FDR didn’t exist?
Posted on 4/21/24 at 9:55 am to 4cubbies
quote:
Reagan started the drunken sailor spending and expansion of government that led us to where we are today.
Checks
quote:
4cubbies
yep. Checks out. Idiot has entered the room.
Posted on 4/21/24 at 9:59 am to Wishing Well
quote:
Here's the sad part. When the collapse finally happens, it will be 100% the fault of the people...........but, they will STILL blame DC and they willl accept none of the blame themselves.
I will accept that blame when I feel that "the people" are choosing the candidates, are able to gain equal access to their representatives that the armies of corporate lobbyists routinely get and have full transparency on the electoral spending that is hidden behind PACs and corporate owned media and tech monopolies.
We're failing because money decided that government was their best tool to make themselves more money. Put a stop to the federal printing press and you've taken the best step toward stopping the bleeding you can, although even that may be too little, too late.
Posted on 4/21/24 at 10:00 am to Pendulum
quote:
Give me a president who will pump gdp growth and productivity, and drop all the social handcuffs on economic projects, and that will be a great start. We need capital to be assigned by capital allocaters worth a shite, not the federal albatross.
THIS!
Posted on 4/21/24 at 10:06 am to Wishing Well
Half the country thinks modern monetary theory is a valid economic plan. I've heard plenty of people basically saying debt is made up and fake and we don't really ever have to pay it.
Posted on 4/21/24 at 10:07 am to Wishing Well
Wait, it's not "transitory"?
Posted on 4/21/24 at 10:08 am to AUCom96
quote:We ARE choosing them.
I will accept that blame when I feel that "the people" are choosing the candidates,
We've created a situation where no rational human with real talent would EVER want to walk into that fire.
Every poll of Americans for at least 50 years can be interpreted simply. We want lots of free shite. We want someone else to pay for it. And, if anything you previously agreed to turns out to be a horrible idea. Tough. We want to keep it.
In THAT environment, you get the exact candidates you'd expect.
Complaints about PAC etc are all fringe nonsense.
You could do a poll right now. As Americans about say, the top 10 areas of expenditure today(other than military) and you'd get SOLID majorities saying we need to spend MORE on all of them.
Education
Welfare
Old People
Social Security
Medicare
Health Care
etc
etc
etc
Then, you poll them about taxes, they all want like 7 dudes to pay for it all.
Posted on 4/21/24 at 10:11 am to Wishing Well
Like a previous poster mentioned, there are too many special interest groups getting fat on the government. Each one like; Big Pharma, Big Tech, Big Agriculture , Big Oil, etc., keeps padding the pockets of politicians, and that is their constituents and not us.
This post was edited on 4/21/24 at 10:14 am
Posted on 4/21/24 at 10:12 am to TrueTiger
quote:
The cure is total collapse and start new.
"And since, by mere coincidence, we've collapsed and have to start over, let's do it differently this time."
That's the game. It's always been the game.
Posted on 4/21/24 at 10:17 am to Revelator
quote:WE CAUSE THIS too as a stupid populace.
Like a previous poster mentioned, there are too many special interest groups getting fat on the government. Each one like; Big Pharma, Big Tech, Big Agriculture , Big Oil, etc., keeps padding the pockets of politicians, and that is their constituents and not us.
Look how many Americans were 100% on board with shutting down ALL of the small businesses during COVID while their larger competitors remained open.
Look how many Americans demand more and more regulation despite the fact that the primary beneficaries of heavy regulations are the largest entities that can absorb them.
I could go on. No. I'm sorry. OF COURSE corporations are going to seek favor with the government. But the primary reason they are able to is that they have the benefit of a population of nitwits who PUSH for the very things that create what you've noted.
Heck. Most of our population still thinks "income" taxes are a way to attack the rich. We're a nation of imbeciles.
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