by Ben Huh » Fri Jan 25, 2013 6:44 pm
IMO the best approach the US can take is a mix of investments and austerity. One, you have to invest in markets that are going to hold long term. If it is a short-term profit market it will become a bubble and burst, meaning the government's investments are for naught and we are back at square one. At the moment, the pet market of Dems is green energy where they hand out subsidies and investments galore to prop it up, despite the fact that it is not a profitable business. If it were, businesses would invest in it on their own, not simply because they get government subsidies (which help to minimize the losses they know they are going to take).
Honest question....Does Chevy make Volts if the government doesn't help them invest in the project? IMO prob not.
Secondly, some government spending needs to be cut. End the wars, cut defense spending, reform certain entitlement programs, etc. Learn how to run departments more efficiently instead of thinking the answer is always "it needs more money."
..."if the only thing keeping a person decent is the expectation of a divine reward, then brother, that person is a piece of shit."