U.S. Debt Ceiling: Forget Fiscal Cliff with the Real Issue Still Ahead ...
moneymorning.com/.../u-s-debt-ceiling-forget-fiscal-cliff-with-the-re...
18 Dec 2012 – Washington battles back-and-forth over the fiscal cliff, but the real issue is what to do about the U.S. debt ceiling. Here's what's at stake. Money ...
I don't suppose there is much point in pretending that I have any idea about Economics, but since it seems neither do the economists, let me try fix it for ya's... =)
#1-Credit) drop Credit rating, to the point that the Global Market(s) re-routes itself outside of the U.S.? / Also forcing the U.S. to stop borrowing, such that you cannot spend money you don't have / every time someone does something dumb global markets don't suffer. -Global markets will probably hurt, but at least it will hopefully cure their addiction-
#2-Military) All troops are to be withdrawn from combat, and bar purely defensive roles of the American Continent (within that landmass obv. / skeleton crew only), All other Units will be reassigned to Construction / Manufacturing &/or Food Production.. Utilizing economies-of-scale, all homeless people will be afforded inexpensive-yet-not-sub-par Housing, on an interest-free / cost-price loan. All -directly/negatively- affected businesses will have the option of being absorbed into this military effort. (equipment may be sold or rented, and personnel bankrolled + trained)
#3-Stimulus) Stimulus of the economy will occur from the bottom end, with the doubling of Social Security and Health-care payments, government subsidy of 50% on basic household goods, and increased spending on public education. People will be encouraged to work by letting them keep more of their welfare as they begin working, and perhaps even increasing welfare as they earn money for themselves.
Well, as much as any Government likes to take Credit for Success, they should seek to take equally Responsibility for Failure.
To fail to do so is the Greatest Failure.
Hm, well step #1 is pretty iffy, I'm sure there'd be better ways to go about it like legislation against any more gov. borrowing (fat chance probably)/ re-engineering of the markets [I say re- because it appears to have already been engineered -poorly / almost sadistically]... Did all the decent economists die in 9-11 or something?