| Author |
Topic:
How would you start to balence the budget? [Locked] |
Ashmaele  Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Sin_of_Onin posted:
Actually one thing that we should probably do is drastically increase immigration but focus on skilled workers.
I was about to flame this but the more I think about it the more I think it's actually a really good idea. This is mainly because it costs an asston of $$$ to educate our workforce and so it is more cost effective to let another country educate them and then reap the rewards without investing in their educations ourselves. It's win-win. The only loser is the American worker obv but whatever the world needs ditch diggers too.
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Bobvillas  Posts: 643
Registered: 2008-11-19 12:56:18
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Ashmaele posted:
Sin_of_Onin posted:
Actually one thing that we should probably do is drastically increase immigration but focus on skilled workers.
I was about to flame this but the more I think about it the more I think it's actually a really good idea. This is mainly because it costs an asston of $$$ to educate our workforce and so it is more cost effective to let another country educate them and then reap the rewards without investing in their educations ourselves. It's win-win. The only loser is the American worker obv but whatever the world needs ditch diggers too.
Nothing wrong with a little brain drain.
As long as we are on the receiving end.
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"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos
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Bjorvald  Posts: 334
Registered: 2002-4-5 20:51:00
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Sin_of_Onin posted:
Bjorvald posted:
Sin_of_Onin posted:
So what are you saying?
Do we pay the same interest rate for SS IOUs that we pay on regular bonds sold on the open market?
We pay more for bonds held by SS but the bonds don't hit the open market so there is no impact on interest rates from that action.
Why were we borrowing money from SS when it was more expensive than the open market?
And it's hard to make the case that interest rates were not affected by keeping trillions of borrowing out of the market.
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Ashmaele posted:
Sin_of_Onin posted:
Actually one thing that we should probably do is drastically increase immigration but focus on skilled workers.
I was about to flame this but the more I think about it the more I think it's actually a really good idea. This is mainly because it costs an asston of $$$ to educate our workforce and so it is more cost effective to let another country educate them and then reap the rewards without investing in their educations ourselves. It's win-win. The only loser is the American worker obv but whatever the world needs ditch diggers too.
Im not sure how this would hurt American workers in a generalized sense. The engineer from MIT might be forced to accept slightly lower wages if you open the floodgates and let in a thousand engineers from Asia and Europe....but a thousand new engineers creates alot of jobs building houses, staffing daycares, bussing tables, etc...
The US doesnt have a land shortage. More immigrants would be a good thing.
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
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The "American Worker" only loses out if the new immigrants are less productive than the average worker here and therefore don't create more jobs than they take.
The "lump of labor" fallacy is called a fallacy for a reason.
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
theredkay1 posted:
Im not sure how this would hurt American workers in a generalized sense. The engineer from MIT might be forced to accept slightly lower wages if you open the floodgates and let in a thousand engineers from Asia and Europe....but a thousand new engineers creates alot of jobs building houses, staffing daycares, bussing tables, etc...
Whoa, whoa, waitaminute.
You mean that money TRICKLES DOWN?
Do continue...
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Bjorvald posted:
Sin_of_Onin posted:
Bjorvald posted:
Do we pay the same interest rate for SS IOUs that we pay on regular bonds sold on the open market?
We pay more for bonds held by SS but the bonds don't hit the open market so there is no impact on interest rates from that action.
Why were we borrowing money from SS when it was more expensive than the open market?
And it's hard to make the case that interest rates were not affected by keeping trillions of borrowing out of the market.
SS's bonds use a set formula
http://www.ssa.gov/oact/ProgData/intrateformula.html
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Bobvillas Posts: 643
Registered: 2008-11-19 12:56:18
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Our countries policies have created incentives to invest in healthcare, housing, and current consumption rather than in productive capital, education, and technology.
The real tools needed to compete in the global marketplace.
Short term, things are not as bad as they could be due to global bond investors looking past our deteriorating financials because of growth, inflation, and Fed purchases that matter more.
Ignoring the rising unfunded entitlement spending, could lead to investors demanding a higher return to lend money to our country, which would lead to rising bond yields/higher borrowing costs.
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"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos
http://fluffytit.mybrute.com |
theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
How would you start to balence the budget? |
Abaddon_Ambrosius posted:
theredkay1 posted:
Im not sure how this would hurt American workers in a generalized sense. The engineer from MIT might be forced to accept slightly lower wages if you open the floodgates and let in a thousand engineers from Asia and Europe....but a thousand new engineers creates alot of jobs building houses, staffing daycares, bussing tables, etc...
Whoa, whoa, waitaminute.
You mean that money TRICKLES DOWN?
Do continue...
Jobs create other jobs. This is kind of a basic fundamental of the economy. More people doing productive things is good for other people who want to do productive things.
I think the standard trickle down answer would have been to mail that MIT engineer a big check. Not really the same thing at all.
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:01am
Subject:
How would you start to balence the budget? |
theredkay1 posted:
I think the standard trickle down answer would have been to mail that MIT engineer a big check. Not really the same thing at all.
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