rm

Getting Out of the Debt Crisis: Just Renounce It

[Union members work their whole lives at otherwise-unrewarding jobs in order to earn a guaranteed pension and healthcare benefits.]

This is a fundamental problem with our society as a whole. Throngs of people sacrifice their entire working life at a job that is not enjoyable (and they're often not terribly good at) strictly because it appears to pay better than the very few alternatives that they've considered.

To me, this is a bastardization of capitalism. And yet, so many take this to be the story of capitalism.

There are so many opportunities for those who will actually look to both have your cake AND eat it too, with regard to what you do for a living.

It also requires that you be FLEXIBLE, work WITH the times, and bend yourself to the changes in the marketplace.

But these opportunites are only available to those who will spend some time on introspection, who will devote more than a moment to thinking of possibilities, and invest the energy it takes to make oneself more valuable to their market, and society as a whole.

Sadly, those who've violated these principles expect to be "bailed out," as if it's a God-given right to have a job... and health care... and on and on.

Getting Out of the Debt Crisis: Just Renounce It

It occurred to me upon hearing the union's share that a certain newspaper was sold to the employees just a few years ago and is now worthless.

The newfound ownership stake may turn out to be a Pyrrhic victory.

Obama Summarizes Economic Policies, Misses Several Key Points

[ would like to read in addition the reasoning behind your assertion and, perhaps, a few of the "real investments" you have in mind. ]

There are plenty of studies that show there is no correlation between education expenditures and test scores, graduation rates, etc.

I believe DC spends $15k per kid and yet is near the bottom nationally.

The best government "investment" is no investment at all. Name one problem that the government has "solved" and I'll name 10 that they've completely clustered up.

Credit Where Credit Is Due

[In addition, while business loans increase our capital stock and lead to greater productivity, loans made to consumers are merely spent, and do not create conditions that will make repayment easier. ]

In much the same way, it seems this new stimulus bill won't create greater productivity, nor will it create sustainable jobs.

More like a "belch" into the economy than a breath of life.