MAMEWorld Forums - The Loony Bin - Re: today's gonna be rough -nt

>The "Cuts" they make "Today" will most likely result in the termination, or non creation of Jobs.

Right. No one said the cuts won't have a near-term pain. But we need to shrink government, get society OFF the government doles and into a private sector economy again. As it is 70% yes 70% of Americans depend on the government for their livelihood, be it government jobs, pensions, welfare or what have you. It's the largest government sector employment/support of American society EVER. That means only 30% of society is actually in employment which contributes to the GNP... unless your take your argument all the way out and prefer that we are a socialist society where the government is the source of all industry and jobs.

Ronald Regan spent a trillion dollars in a stimulus package when he took office during a recession too. Except he didn't rely on Government to make jobs, he relied on the Private Industry. He did things to help private sector growth... cut taxes from a top bracket of 70% down to 30%, cut corporate taxes, cut government regulation and bureaucracy... gave free enterprise the freedom to breath and flourish.

2 years later America had a legendary great period of productivity and prosperity.

2 years later Obama has us on the brink of disaster, high employment, a weak dollar, a credit problem, and the trend is spiraling downward like a toilet in mid-flush.

Whats the difference? The government doesn't produce anything. Government just consumes, and extremely inefficiently at that. Growing the government to "create jobs" is a house of cards supported by a smaller and smaller productive slice of society who pays for it all in taxes. Private industry makes things... productivity... contribution to the GNP... what a free-enterprise (not a federal or socialist) economy runs on. We currently have the largest corporate tax rate in the world... massive expensive bureaucracies up the wazoo, crippling requirements on business, entitlement programs already past unsustainable, all of which is crushing free enterprise, and no plan to change the trajectory until it implodes... some argue it IS imploding.