News of the day

The Doctor wrote: But Jim, to an unemployed person, it doesn't matter whether their job comes from the public or private sector.

Public "growth" doesn't amount to growth.  It results in bubbles that pop.

The reason is that public spending creates artificial demand.

"Without actually knowing what the hell you are talking about."

Got a cartoon for that? 

Epignosis wrote: The Doctor wrote: But Jim, to an unemployed person, it doesn't matter whether their job comes from the public or private sector.  Public "growth" doesn't amount to growth.  It results in bubbles that pop. The reason is that public spending creates artificial demand.

Epignosis wrote: King of Loss wrote: Epignosis wrote: The Doctor wrote: But Jim, to an unemployed person, it doesn't matter whether their job comes from the public or private sector.  Public "growth" doesn't amount to growth.  It results in bubbles that pop. The reason is that public spending creates artificial demand. It can also allocate resources towards meaningful and innovative things such as math and scientific research, which enable a country to stay ahead versus the competition. Antecedents please.

timothy leary wrote: Epignosis wrote: The Doctor wrote: But Jim, to an unemployed person, it doesn't matter whether their job comes from the public or private sector.  Public "growth" doesn't amount to growth.  It results in bubbles that pop. The reason is that public spending creates artificial demand. And it creates nothing new and valuable.

Yeah, all those highways, roads, the internet and cell phones. 

^ while cell phone network itself was developed independently from military cellular networks, most of the groundwork research and technology development was military funded and driven.

Edited by Dean - December 09 2012 at 14:50

Australian news bombarded by this at the moment... extremely sad

Michigan is on the verge of becoming a "right to be fired" state...err I mean "right to work" state.  I guess that I kind of have mixed feelings about this.  It doesn't really directly effect me because I have never belonged to a union, nor have I ever had to belong to a union.  On one hand, I would be OK with this if it wasn't for the fact that company management usually consists of a bunch of fat, greedy SOBs that will stop at nothing to screw their employees to fatten the bottom line and increase their own outrageous bonuses.  On the other hand, some Union bosses tend to be a bunch of fat, greedy b*****ds who live high off of the hog whilst doing nothing to really benefit the union members, except for the bad apple drunks and druggies who make the news and still get to keep their jobs because they belong to the Union.  On one hand Unions are the root cause of everything that is wrong with this country, but on the other hand, we would all still be making a dollar a day, working 16 hour days without any benefits if it weren't for unions.  And if you think this isn't true, just ask the Mexicans, Indians, Vietnamese, and Chinese, etc who are now doing all of the jobs that were too costly to perform in the USA any more.

rushfan4 wrote: On one hand Unions are the root cause of everything that is wrong with this country, but on the other hand, we would all still be making a dollar a day, working 16 hour days without any benefits if it weren't for unions.  And if you think this isn't true, just ask the Mexicans, Indians, Vietnamese, and Chinese, etc who are now doing all of the jobs that were too costly to perform in the USA any more.

A dollar a day wage isn't bad if the cost of living is sixty cents a day.

Scott, I've been looking at some YT vids and Google street views of Detroit....geezus christ!   I was stunned at the level and scope of the decay....I know all cities have some of this, and I"m not ripping Michigan, but I was just really saddened by this.  I hope there is something that can be done for this city to help bring it back, sincerely.