What would you do differently than what they are doing now?
Thats easy, I would declare bankruptcy, let the chips fall where they will and then start from scratch. When the problem is spending too much, there is really no other way to resolve it. You have to address the core problem.
Okay. You file for bankruptcy and get it. Then you'll just have to do it again in several years because spending habits aren't changed. All those people on Medicaid and Food Stamps aren't going to disappear. Bad things will probably happen if you don't pay those Marines their meager wages. On top of that, by declaring bankruptcy you are declaring your currency is useless so you can't get any imports, ie oil and olives, with your currency. Are you sure you want those chips to fall?
I would immediately bring back two programs that Roosevelt used so successfully to lift us out of the Great Depression - the CCC and WPA.
There are literally hundreds of bridges across the country that are in need of repair, thousands of miles of roads too and numerous other things like restoring New Orleans. Millions could be put to work (though many might refuse doing manual labor today) and THAT'S what is really needed - to put money back into people's pockets which would then go into circulation and bring the economy back up in a reasonably short time (rather than the 5 or 10 years that's being forecast right now).
If the PEOPLE had money to spend, goods and services would come back into demand creating an overall upward spiral toward recovery.
SAM knows next to nothing about real economics (or many other things, either). She just likes to jump into any subject and make mostly meaningless posts - That's why I ignore her completely and suggest you (and everyone else) do the same. If you'll do that, you'll never miss anything worth reading.
Those programs provided some relief work for many people but I don't know if it was the kind of jobs we want. On top of that, that kind of work tends to be given to contractors who hire lots of illegal immigrants to do the grunt work these days.
You forgot the War that devastated the rest of the industrialized world. It wasn't the welfare projects of the 30's that made America powerful. It was us being the last one standing on our side of the Iron Curtain after WWII. Europe and Japan were smoking ruins. The world we live in with China and India industrialized is a different kind of problem for us to contend with.
SAM has offered more than a few posts I've found to be insightful. I've also typed more than a few posts where others have taught me a thing or two about the world. That's what makes the internet so fun.
Okay. You file for bankruptcy and get it. Then you'll just have to do it again in several years because spending habits aren't changed. All those people on Medicaid and Food Stamps aren't going to disappear. Bad things will probably happen if you don't pay those Marines their meager wages. On top of that, by declaring bankruptcy you are declaring your currency is useless so you can't get any imports, ie oil and olives, with your currency. Are you sure you want those chips to fall?
pull out of the 2 wars your currently fighting, slash the millatry budget to something acceptable, increase unemployment benifts to a reasonable level for both moral reasons but also to increase consumer demand (and there for tax revinue), revoke the tax cuts on high income earners, insitute a superanuation scheam to ensure that there wont be as many people needing old aged pentions in the long term, increase migration because this increases tax base, focus on implimenting health care and other nessary social programs in order to turn a welfare dependent population into a tax paying one (the homeless who are to sick to work because of easerly treated health problems COST money, they dont increase tax revinue), ensure value for the money goverment invests in R&D resurch by companies, look at investing in industries which CANT be moved off shore rather than those which take the money and run to china and india because these will previde stable long term employment, raise the min wage to ensure that people can get a decent standed of living off the income from one job there by freeing up other jobs for other people and increasing the tax base ect
I would immediately bring back two programs that Roosevelt used so successfully to lift us out of the Great Depression - the CCC and WPA.
There are literally hundreds of bridges across the country that are in need of repair, thousands of miles of roads too and numerous other things like restoring New Orleans. Millions could be put to work (though many might refuse doing manual labor today) and THAT'S what is really needed - to put money back into people's pockets which would then go into circulation and bring the economy back up in a reasonably short time (rather than the 5 or 10 years that's being forecast right now).
If the PEOPLE had money to spend, goods and services would come back into demand creating an overall upward spiral toward recovery.
That's easy. I'd do nothing, 'cept cut taxes, cut spending, and end the wars.
I'd let the free market work.
Cut taxes.
Stop spending.
Stop all money to foreign countries.
Stop the wars.
Stop all welfare/handouts to lazy Americans who won't work.
Deport all criminal aliens.
Deport all criminals to their country of origin/ancestry.
Stop all social programs.
No more bailouts of any kind.
Deport all criminals to their country of origin/ancestry.