It worked fine for decades, but all the time those debts (both public and private) were piling up. The system didn't work as it relied upon people borrowing to live, which was great for the lenders, who incidentally turned out to be Chinese). Meanwhile, back in the USA, the 1% were effectively redducing the middle and working classes salaries - first the working classes, then when they were dry, the middle classes. The rich are no richer because they ran out of people to exploit. Once the working classes had been dried out, they turned on the middle classes. They have no one else left to make money from. Not all humans are greedy, it's a myth put about by the "greed is good" brigade.
Your opinion is duly noted. So you think America should continue borrowing from the Chinese to prop up a failing entitlement system, borrow from the Chinese to fund the IMF, borrow from the Chinese to fund most anything thing we do? We are out of (*)(*)(*)(*)ing money! How hard is that to understand for you liberals? Unless small business and big business start producing more, we are (*)(*)(*)(*)ed. Here is a story below that describes the insanity of you liberals. http://www.businessweek.com/news/20...-opponents-urge-obama-to-buck-oil-power-.html The Alaskan pipeline was protested for years, and guess what, no problems. As a matter of fact, the wildlife they claimed it would destroy, embraces the heat it provides.
No I don't. But I do believe that wages should increase with profits and inflation. Do you believe that American's should "enjoy" static wages while the company they work for (linked with their HC) enjoys increasing profits in the order of magnitudes?
What do you base your assertions on? Post some evidence that incomes have not risen with their companies ascending profits? The fact that businesses would end up like the government if they start giving the farm away, and we all know how that has ended up.
Read your own article. Middlle REAL incomes increased 40%. Lower REAL incomes increased 18%, And youve convinced yourself this is bad because higher incomes increased more.
I believe mindfully taxing the wealthiest, wartime tax rates, even for a War on Drugs should be a good idea. - - - Updated - - - nope, they only have emotional fallacies to work with, usually.
How do you increase demand without spending? - - - Updated - - - I believe employers should be required to have an employment ethic whenever labor is required to have a work ethic, in any at-will employment State, as a form of comity arising under Article 4, Section 2 of our supreme law of the land.
The market will create demand and when that happens jobs become available. The government is the problem and corporations are moving to overseas because we have the largest corporate tax on planet earth, not to mention the mountains of regulations. A free country means the freedom to move
Whenever I hear the phrase 'income inequality', I already know it'll be followed by something which will subtly cast the poor as hapless victims, and the wealthy as callous and greedy. The more accurate, and neutral phrase, is 'income disparity'.
This is why just about every Congressman and women are millionaires. If they ain't when they get there, they will be when they leave.
It is merely one more reason why I believe our Founding Fathers did such an excellent job with our federal Constitution and supreme law of the land. Article 4, Section 2 is a rational choice of law in any conflict of laws, in the US.
LMAO...Translation: I got nuthin' so let's pull out the cheap jingoist card. I'm an American and I'm here to tell you that he knows a hell of a lot more about what's going on in the US than any right-winger spouting dishonest partisan tripe.
It works though.... USS Rentz Seizes a Ton of Cocaine Worth $78 Million During its First Week in 4th Fleet
So, what did Obama and the Democrat-controlled congress do from 2009-2010? Did they halt GE's tax breaks? Did they strip John Kerry and Nancy Pelosi of their tax protections?
Prohibition has never worked, in the history of the United States. Simply engendering the equivalent to an Arms Race is a waste of the Peoples' tax monies, when directed at the private sector. There is a reason why the only Delegated social Power to Prohibit forms of Commerce among the several States was repealed as a bad idea in modern times, last millennium.
I find it equally unbelievable +that you still defend the 1% after their income grew by 275%. When everyone else's growth is 60% or less, th gap has widen and you want it to continue.
The argument is about the growing gap in income. Not about what your job is. You throw up red herrings without addressing the issue of the thread. That is what every defender of the rich does and I do not believe any of us are part of the 1%.
The gap was widening before Bush' collapse. Why can't people like you talk about the issue of the widening gap and stop defending the rich?
BVWC, of course, you know that is not the issue. Are you trying to say 99% of Americans are lazy? That is the group lagging behind.
Wheres the CBO report about the effort inequality? Leftys need to quit crying, get a job, and become part of the solution. Crying with your hand out, wont help anybody. - - - Updated - - - Wheres the CBO report about the effort inequality? Leftys need to quit crying, get a job, and become part of the solution. Crying with your hand out, wont help anybody.