Originally Posted by 82CardsGrad
Solid illustration there C-Rad... It's still very difficult for me to accept what appears to be the reality - that conditions will only improve if the gov't continues to deficit spend... While the facts seem to confirm this, it still feels wrong to me.
IMHO, this level of gov't fiscal intervention is only setting us up for prolonged sub-par financial performance. Yes, gov't spending appears to have taking the edge off of what could have been a depression vs a great recession. However, if experiencing a more harsh downturn now would have meant a quicker return to normalcy, I'm pretty sure I would voted in favor of the quicker return...
I don't always inject my personal feelings into observation posts like the one above.
It feels wrong IMO because IMO it is wrong.
Our modern economic system is nothing but a tool used by connected elites to skim the cream off the top.
Thus no one running it has any real concern for actually maximizing citizens real wealth accumulation.
It's about control and about power and as such they manufacture whole realities where we have no choice but to do what gives them more control, that's their entire point in the first place.
Being where we are is a function of their previous efforts at this, and it was a success, to get down from where we are at and head towards what's good for everyone is impossible without gigantic pain, even if it would be short lived as it would be IMO.
The government needs to shrink monsterously, public spending of all kinds needs to be replaced by private spending but given where we are now that's not going to happen right now.
It's all a well designed box to harvest value from citizens, it's working.
Clawing out of the box would require bloody fingertips and huge efforts but in the end, you'd be out of the box.
Realistic steps to do this would have been taking down the TBTF banks and cutting them up to smaller solvent rivals, taking down gambling and replacing it with incentives to invest.
I'd substitute a flat tax in for our current tax structure, of 11% and just be done with that, then re-align governments size based on what we have to work with.
The size of all this monsterous bubble does not allow for a painless way through but there is a best way through, we're no where near that IMO.
It's like a golf swing, if your swing is completely jacked up and you have to play a tournament tomorrow, the best you can do is go with your jacked up swing and play, if you try and rebuild your swing that day, you're hosed.
If on the other hand it's truly jacked up you have to start from ground zero and rebuild it, that takes time and a lot of effort but in the long run it's the correct way to maximize you results.