YJ Draiman a conservative in LA's Mayors race 2013 rev2
YJ Draiman a conservative in LA's Mayoral race 2013 Rev2
L.A. Neighborhood Councilman YJ Draiman is running for mayor in next spring elections.
In what is billed as a major statement on the economic reform on Monday, Los Angeles City Neighborhood Councilman and mayoral candidate YJ Draiman said; Los Angeles faces an estimated $3 plus billion dollar deficit over the next five years, employee wages and benefits comprise the substantial share of the city budget. Estimated increased revenues only cover approximately a third of the increased costs.
The city must make it easy for businesses to thrive. This will create employment and increase revenues to the government and it will create the multiplier effect.
Multiplier effect definition:
An effect in economics in which an increase in spending produces an increase in national income and consumption greater than the initial amount spent. For example, if a corporation builds a factory, it will employ construction workers and their suppliers as well as those who work in the factory. Indirectly, the new factory will stimulate employment in laundries, restaurants, and service industries and the housing industry which employs builders, plumbers, carpenters, electricians, etc.
Take taxation: Taxes simply transfer resources from consumers to government displacing private spending and investment. Families whose taxes have increased will have less money to spend on themselves. They are poorer and will consume less. They also save less money, which in turn reduces the resources available for lending.
When a country and its society import more than they export for over a quarter of a century, it is bound to erode the economy to its primate state.
We have only ourselves to blame, what goods and products are we exporting, what goods and services are produced in the USA, the answer is very little by comparison.
In the past 50 years as our population has increased, technology advanced, we have become a nation that consumes enormous amounts of resources, we shop for competitive prices. Corporate America is constantly looking to increase the bottom line.
Most of the goods for and by Americans and its companies are produced overseas and in the past decade with the advancement of telecommunications, many of the services sector are also imported.
The increased costs of energy over the past 10 years, has affected the economy to unimaginable comprehension.
This economic activity has eroded our economy to its core. It seems that the situation is getting worse every year. American debts are increasing beyond our wildest dreams, endangering the future economic vitality of our future generation.
I hope it is not too late for our society to recognize the graveness of our economic predicament and its resolve to take appropriate action to stem the tide of our economic downturn.
Americans are a nation of great technology and knowhow. We must utilize that technology and our resources to find new means to regain our economic independence.
We must face and implement fiscal responsibility, both by the government and the population with its infrastructure of corporate America.
It is no longer an option, it is a must if we as a nation want to survive and retain our way of life and economic vitality.
Inflation, recession and financial crises are here. Let us take the bull by the horn, initiate immediate actions to minimize and hopefully reverse our economic crises.
Los Angeles City Neighborhood Councilman and mayoral candidate YJ Draiman further stated that city officials and labor must put their differences aside and sit at a table to help solve LA's financial and economic crisis, otherwise it is going to get much worse. For the sake of all Angelenos, I urge you to put your differences aside as Americans who care about our city and our country.
YJ Draiman's vision is to make Los Angeles the world capital of Renewable energy and Energy and water efficiency.
The US economy has enormous momentum. Metaphorically speaking, if someone turned off the locomotive that drives the US economy, the economy would go on for miles before anyone would likely notice something was wrong. But something has been wrong for many years. Is there really hope for the future? Maybe. But the terrible truth is that no one really knows. But if there is hope, we're already on the wrong track. And that has to change.