polgara
DP Veteran
- Joined
- Jan 25, 2013
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19 trillion in debt suggests rather strongly that current levels of deficit spending are not just right. If the private sector is dysfunctional, as you say, you might ask yourself exactly what has changed recently that has made it dysfunctional. It isn't greed, because there's far more money to be made in an expanding economy than there is in one stuck in neutral, as we are now.
Greetings, humbolt. :2wave:
Along the same line, I actually understand why so many people working at low-paying jobs believe that $15 an hour minimum wage will be a godsend for them - that is until they realize that the cost of everything else has also gone up - so they remain in the same boat they've always been in - IF they're fortunate enough to still have a job in the private sector! We read about the college in California who laid hundreds of people off after they had to pay the increased cost, but what about the hundreds of employers we haven't been told about who have also been forced to comply! Is there no one in government who understands even basic economics?
No wonder Trump's message is resonating with millions of people - he's giving them hope that their lives will change for the better. FDR used the same approach during the Great Depression, and he was adored by the masses because it looked like he cared about them! I'm not going to get into the after-affects of his decision, other than the fact that it took a war to get us out of the debt that resulted. The Country did benefit long term in new infrastructure and national parks we still use today, but most people tend to care more about their "now" than any future that might be promised - human nature I guess. "I'll gladly pay you next Tuesday for the hamburger you give me today" said Wimpy from the Popeye cartoon. :mrgreen:
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