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I hear that the economy is on the brink of collapse and I can't help but ask. Where are the alternatives?? Why can't the government go into emergency mode? Slash the budget and use funds that are appropriated to nonessentials. In WWII we all pitched in as a nation and tightened our belts.

Why is the only option to splurge and spend, print and borrow? That's what got us into this fucking mess... More after the fold. With specifics :P

UPDATE: I guess it is stupid to try and brainstorm alternative solutions. Sorry for trying.

UPDATE #2: Does anyone know about tickets for the debate at Wash U on Thursday? I'm arriving into St. Louis at about 6 local time. The debate is at 8 so maybe I can get there in time. Anyone know what part of the campus the debate takes place on. I'm so fucking excited!

#1- Military relocation- Bring back at least 1/2 of our troops from overseas. Does anyone care about the stability of the Middle East at the expense of our country collapsing? We sell off the bases (I think it's somewhere in the neighborhood of 700 bases in 140 countries) Then we bring the troops home. This is economics, because we'll have all those military paychecks, spending their cash at home in their local communities.

#2- End transfer payments- Can we really ship billions to Pakistan and Israel, Africa and god knows where else... while our markets are imploding? Maybe we can even procure some transfer payments of our own? We have been sending cash out for years, maybe we could score some in return?

#3- Pay cuts for millionaire congressmen/women: That would put America first.

#4- Tariffs: Is China going to stop filling the Wal-Mart shelves if we raise their rates a little?

#5- Re-evaluation of the entire budget. Everyone is shitting their pants about 700 Billion in bailout money. Hello, we spent 235 Billion last year on interest on national debt. Where's the public outrage at that? It's time for emergency re-evaluation, and spending slashes.

Finally- these are famous words I'm about to repeat... "now we can do all the stuff we've wanted to do for a long time."

That's what they said after 9/11 in respect to attacking Iraq.
I say we use that tactic to reverse Iraq. Bring those troops home TODAY. We made the decision to put them in recklessly, let's pull them out just as quickly. Ok.. let's continue to think out of the box on this one...

Please don't fill with comments; like I'm politicizing this. I've got a good friend in Iraq right now. I want him home safe immediately, let's consider all our options. People are really upset about this crisis, but I have to say. I'm relieved. I see an end in sight to what's been ruining my life for the last 7 years. I want to solve this market crisis, but I also want to destroy the mindset that has allowed this President to thrive. We can't do it all, we can't police the world, we can't use the federal reserve and treasury to try and help the economy from recessing. That's really what caused this mess. Interest rate cuts, again and again and again and again... and again and again.

UPDATE: Add Marijuana and Internet legalization to the list. Both could be legalized and taxed to pay for some of this.

Originally posted to CornSyrupAwareness on Mon Sep 29, 2008 at 02:41 PM PDT.

Poll

Which of these ideas is best

17%4 votes
0%0 votes
26%6 votes
13%3 votes
13%3 votes
30%7 votes

| 23 votes | Vote | Results

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Comment Preferences

  •  while this might reduce the budget deficit/debt (1+ / 0-)
    Recommended by:
    Ludi

    The economy would still be fucked. I would also suggest that the military can be reduced to European levels, which would easily save us about a trillion a year.

    Law is a light which in different countries attracts to it different species of blind insects. Nietzsche

    by Marcion on Mon Sep 29, 2008 at 02:43:07 PM PDT

  •  Here are a couple of ideas. (2+ / 0-)
    1. Ban trading on home mortgages.

    Only Savings and Loans can issue mortgages. They cannot be traded. If you lent me money it is your job to collect it back from me. S&Ls must be locally chartered. Experience with the Grameen Bank in Bangladesh shows that default rate is much lower if the lender and borrower know each other.

    1. S&Ls cannot play in the stock market.
    1. There are no investment banks left. If anyone forms one do not allow them to deal in Federally insured securities.
    1. Authorize the Fed Reserve to establish a bank holiday to stop the run on money Market funds.

    You know what all this adds up to? The New Deal of 1932.

    John McCain: Maverick, POW and inventor of Blackberry.

    by organicdemocrat on Mon Sep 29, 2008 at 02:48:51 PM PDT

  •  You don't cut spending during a recession (0+ / 0-)

    You don't cut spending during a recession.  That is basic fundamental economics.  If anything you should increase government spending.  That is what is so stupid about McCain talking about spending cuts in response to this crisis.  Cutting spending would make things worse not better.

    Here are some ideas from a real economist.  Nouriel Roubini: History shows the bail-out won't solve the banking crisis |Comment is free |guardian.co.uk

    •  I don't get that at all. (2+ / 0-)
      Recommended by:
      ksingh, cynndara

      And I've got a degree in Economics. The spending I'm talking about is money that leaves our shores.. never to return. Or money that is spent on warmachines and weapons. Cmon. People are really pissed today. I guess I shouldn't have gone for this diary. Oh well. You live and u learn.

    •  We must cut taxes. Everyone knows that. (2+ / 0-)
      Recommended by:
      cynndara, CornSyrupAwareness

      In economic boom times, we have to cut taxes. In economic down times, we have to cut taxes. When the Alpha Centaurians invade, we have to cut taxes.

      Cut spending? Not so much of a goal for Republicans.

      Finding Nemo 2: Nemo visits an oil platform and really, really likes it.

      by edg on Mon Sep 29, 2008 at 03:07:58 PM PDT

      [ Parent ]

  •  Actually, (1+ / 0-)
    Recommended by:
    CornSyrupAwareness

    I suggested something similar at work today in Cincinnati and got takers.  My take was tit for tat: the damned Republicans want us to pay to bail out their thieving friends, we do it on the condition that we get our boys back from Iraq.  NOW. Stop the war, that saves about 3-1/2 billion a year, saves lives, saves marriages, and we could keep paying the guys and gals to do police work or build bridges if we don't want to cut government funding, but give them something USEFUL to do while they spend their pay at home, don't get killed, and don't run up lifetimes worth of hospital bills for massive injuries.

    •  Thank you (1+ / 0-)
      Recommended by:
      ksingh

      nice to hear a confirming voice. I think you're wrong about the $$ though. It's 10 Billion a month.. so $120B/year that we could save. Also, if we use the looking glass to our future, and determine that maybe we don't need to invest Billions in new nukes and warships, we could save even more money.

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