Wednesday, February 16, 2011

IT IS A CONSUMER CRISIS

This is not a business crisis, it is a CONSUMER crisis. Businesses are making more profit now than they did before the Crisis. Consumers are still loosing their homes and there is shortage of jobs. The way out of this crisis is to increase consumer spending and reduce the debt! Congress is either unable or unwilling to raise taxes to support government jobs and increase consumer spending, so perhaps drastic action must be taken.

The Feds could "print money" to pay off the debt which would lower the value of the dollar and result in higher prices resulting in the entire population paying the price. Then a revolt of the people could cause government officials to reform corruption and excessive benefits to government officials and government workers, followed by increased taxes on the top income makers and a balanced budget law.

Higher prices could hurt our exports but adjustments for US business overseas could ease this loss.

We cannot support the entire world beyond the amount we can afford under a balanced budget. Charity begins at home.

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