[QUOTE=chiefst2000;4233290]We need to repair a system in decline. A few short term jobs wont do a thing. Obama just proposed a "jobs bill" that according to a bloomberg survey of economists will carry a cost of 1.8 million per job created. The scary part is that the money printing by the federal gov will by default increase the costs of oil, and commodities in general. Essentially your "solution" perpetuates the problem.
I was unable to find the Bloomberg report. Link?
The plan was to get the money for the stimulus thru tax increases or closing loopholes in the tax code.
Some of this money will end up helping the states via income and sales tax.
Necessary American infrastructure will be created, fixed and maintained thru this stimulus money. This needs to be done.
To summarize, we are currently running a 1.6 trillion dollar deficit. The Keynsian definition of stimulus is any deficit spending. Your solution is to ramp up the stimulus even higher?? For me it doesn't make sense. There are structural problems that need to be addressed now. Healthcare was tops on the list and Obamacare literally made the problem worse by INCREASING the cost of health insurance. The second issue is commodity cost. Again all of the stimulus and deficit spending exacerbates the problem by weakening the currency. By my view the solutions you are offering up are actually making the problems worse.
Some random thoughts:
folks are falling over each other to lend the USA money at the lowest rates ever. Why not take advantage of that?
If the repo-man showed up early Saturday morning at the US treasury demanding re-payment couldn’t the USA just sell its 140+ million ounces of gold in Fort Knox?
Gold is well over $1500 isn't it?
The Debt is a big issue, no doubt but it is secondary to unemployment. Debt is being used by the far right for political ends.
We need to get people working, get kids to go to school for engineering again and then fix the wonkiness in our economy.