Quote:
Originally Posted by KillerGremlin
I like how even though Bond posted hard numbers they are still not being accepted.
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I accept the numbers, but I also understand that the country is going deeper and deeper into debt.. even before the bailouts were taken into consideration. Since taxes are continuiously lowered, the only conclusions I can come to is either 1) The economy how it is now, and how it was, simply does not work. There's no escaping the end fate of everything crashing down regardless of what we do. Capatilism fails. Or 2) The government over time has been using the wrong strategy when it comes to generating revenue, which for at least the last 30+ years, the main strategy has been tax cuts.
I won't accept that doing the same thing we have been doing is working, because its not. I'm not sure if total counties get credit scores, but I'm sure if they do, the united state's would be horrid.
The thing that disturbs me about the bailout packages, in a system that's supposed to be capitalism, is that in order for it to work properly the companies need to have the countrie's best interest at heart and not just their own. Which I don't think they have, and the government is giving them little incentive to do so.
Just like when Ford was asking for a bailout, when the CEOs realized they had to sacrifice their own pay in order to get the bail out, they decided its not worth it. Only because it hurt themselves financially, even if the money would have done some good for the company and created jobs. That gives me the impression that companies are willing to lie to get more money. (That's only one of many examples too.)
But I'm off subject somewhat. The fact of the matter is the strategy we have been doing has not been working, and if we stick to it, we'll just get pulled futher and further into a deep pit of debt until we find that some circle of rich people pretty much own the contry. Something has to change, period.