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Military Spending

PhDeac said:
Because "those people" aren't competitive with technology and overseas workers in terms of how much it costs to hire them. Also businesses are doing the same with less instead of trying to do more.
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And why is that?
 
ONW said:
No offense, but you really have no understanding of this issue.
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So you're saying that government backed loans for the low end had nothing to do with this debacle? LOL. O...K...then.
 
KanhojiAngre said:
But one of the plusses the US economy has always had is that millions of heads are trying to find answers that will make money.
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But it has become easier to do outside the US than inside, which is the problem. This isn't rocket science. We have created an aversive business environment, worried more about things other than technological advancement and economic growth. Emerging countries like China are more business attractive. Until those forces balance out in US business's favor, which will happen, then we're going to have high unemployment. Heck we import a lot of labor to start with.

China will inflate their way out of being the dominant US goods supplier. Things will start to come back to the US as a result, and in some areas has already started. For example, some of the new direct green laser fabs are being built in the US, not going to the Far East. The US will have to look at ways to improve business....streamline regs and eliminate unnecessary systemic drags in order to be more business competitive. It's inevitable.
 
Why do you think this? We're usually after China because they're keeping their currency artificially weak, not the other way around.

And they own our debt, not the other way around.

They're locking up resources all over the world.

I'm not sure I see how the tide is turning against China globally. Domestically, they have looming stability problems and ecology vs. economy issues, which in fairness they're starting to work on.
 
pourdeac said:
So you're saying that government backed loans for the low end had nothing to do with this debacle? LOL. O...K...then.
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Yep, investment bankers who oversold people loans they knew would never be repaid then bundled them up and sold the risk off to others had no part in this.

At the apex of the subprime loans, 23 of the 25 lenders were not under the CRA.

Highest rate of mortgage defaults during the subprime meltdown...450K and above.

Seriously, if you want to believe it was also caused by the government forcing banks to give loans on indigents...LOL. O...K...then.


Weren't we talking about military spending btw?
 
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fuheel said:
Not trying to be a jerk, but that is really simple con law question: taxing and spending

(see also necessary and proper)
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Spending one's children into inescapable debt is neither necessary nor proper.
 
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