huffingtonpost.com— The basic problem faced by the US economy right now is excessive debt caused by recklessly low interest rates from the Federal Reserve.
Jan 13, 2008View in Crawl 4
"Taking responsibility for one's own actions" would appear to be the solution to so many problems. The question to address, Ryosen, is why people buy on credit. It's because society is set up that way. And to somehow "drop out" of the economy is neither appealing nor practical on a grand scale. Disadvantaged people are more likely to be obese. One reason for that is the number of fast food restaurants in depressed neighborhoods and a general lack of access to healthy foods in these areas. Those neighborhoods are set up to promote obesity. Our economy is set up to promote lending.
This is not the problem of the Feds making. Who spent all that money? It was the Federal Government. It was all that extra funding for the war, and all the pork accumulated over the year. If you cut the costs of campaigning then there will not be the need for representatives and senators to push for extra pork for their state. That is why so many incumbents get re-elected? Ron Paul is right to some extent that the US has overspent for decades, but if you start to balance the books every US citizens standard of living will drop as the government repays that debt. It is going to be tough for all Americans whoever wins the Presidential election. That National Debt at the very least needs to stop growing. Cut military spending and concentrate on a decent universal health care, it has to be paid one way or another, it also frees up everyone's income for their own debt clearance. The UK has its own equivalent in the Bank of England. It has the same type of problems but we do not have the level of mess that has happened in the US. So it is not the mistakes of the Fed that you should look at but those of Washington.
Umm, actually the government did not spend it...Americans spent it. They bought more than they could handle, took out home equity loans on whatever "artificial appreciation" they gained, and spent it on cars and vacations and other things. Th government got the same share they always do. But their debt spending isn't helping much either. But that's an entirely _different_ problem than the housing illiquidity.
Ryosen,"you are wrong"Actually I am right. There is nothing obviously wrong with your argument, before I studied this subject matter I would have agreed with you. The truth is, sociologists have identified practical reasons having to do with urban planning (as I mentioned before) for why fast food is so prevalent in depressed areas and its link to obesity. Here is a highlight from one study. I've included a link to the article. Remember, this is only one article, this has been studied extensively."Our findings suggest that small grocers and gas and convenience stores are the likely alternatives in the absence of access to supermarkets and supercenters. More importantly, healthy alternatives, such as fruit and vegetable markets, are less prevalent in food deserts. This is especially troubling for vulnerable segments of the population such as poor, low-income individuals and the disabled, who comprise a greater share of the population in food deserts."<a class="user" href="http://209.85.173.104/search?q=cache:GyQBRnbAw3oJ:srdc.msstate.edu/focusareas/health/fa/blanchard02_final.pdf+disadvantaged+fast+food&hl=en&ct=clnk&cd=4&gl=us&client=firefox-a">http://209.85.173.104/search?q=cache:GyQBRnbAw3oJ: ...</a>The case I was making: Just as society encourages the consumption of fast food, so does society encourage debt.
Ah, I see. You aren't the only one who thinks my idea of one job for twenty years is unappealing. I guess I'm living in the past. But I'm just tired of starting over and over every few years.I do need some change. And I guess I'm getting some, like it or not.
datababbleJan 13, 2008
Well here comes the Fed again to save the day!
shamanusaJan 14, 2008
"Taking responsibility for one's own actions" would appear to be the solution to so many problems. The question to address, Ryosen, is why people buy on credit. It's because society is set up that way. And to somehow "drop out" of the economy is neither appealing nor practical on a grand scale. Disadvantaged people are more likely to be obese. One reason for that is the number of fast food restaurants in depressed neighborhoods and a general lack of access to healthy foods in these areas. Those neighborhoods are set up to promote obesity. Our economy is set up to promote lending.
amnesia10Jan 14, 2008
This is not the problem of the Feds making. Who spent all that money? It was the Federal Government. It was all that extra funding for the war, and all the pork accumulated over the year. If you cut the costs of campaigning then there will not be the need for representatives and senators to push for extra pork for their state. That is why so many incumbents get re-elected? Ron Paul is right to some extent that the US has overspent for decades, but if you start to balance the books every US citizens standard of living will drop as the government repays that debt. It is going to be tough for all Americans whoever wins the Presidential election. That National Debt at the very least needs to stop growing. Cut military spending and concentrate on a decent universal health care, it has to be paid one way or another, it also frees up everyone's income for their own debt clearance. The UK has its own equivalent in the Bank of England. It has the same type of problems but we do not have the level of mess that has happened in the US. So it is not the mistakes of the Fed that you should look at but those of Washington.
wojtykJan 15, 2008
Umm, actually the government did not spend it...Americans spent it. They bought more than they could handle, took out home equity loans on whatever "artificial appreciation" they gained, and spent it on cars and vacations and other things. Th government got the same share they always do. But their debt spending isn't helping much either. But that's an entirely _different_ problem than the housing illiquidity.
shamanusaJan 16, 2008
Ryosen,"you are wrong"Actually I am right. There is nothing obviously wrong with your argument, before I studied this subject matter I would have agreed with you. The truth is, sociologists have identified practical reasons having to do with urban planning (as I mentioned before) for why fast food is so prevalent in depressed areas and its link to obesity. Here is a highlight from one study. I've included a link to the article. Remember, this is only one article, this has been studied extensively."Our findings suggest that small grocers and gas and convenience stores are the likely alternatives in the absence of access to supermarkets and supercenters. More importantly, healthy alternatives, such as fruit and vegetable markets, are less prevalent in food deserts. This is especially troubling for vulnerable segments of the population such as poor, low-income individuals and the disabled, who comprise a greater share of the population in food deserts."<a class="user" href="http://209.85.173.104/search?q=cache:GyQBRnbAw3oJ:srdc.msstate.edu/focusareas/health/fa/blanchard02_final.pdf+disadvantaged+fast+food&hl=en&ct=clnk&cd=4&gl=us&client=firefox-a">http://209.85.173.104/search?q=cache:GyQBRnbAw3oJ: ...</a>The case I was making: Just as society encourages the consumption of fast food, so does society encourage debt.
johnfritzJan 20, 2008
Ah, I see. You aren't the only one who thinks my idea of one job for twenty years is unappealing. I guess I'm living in the past. But I'm just tired of starting over and over every few years.I do need some change. And I guess I'm getting some, like it or not.
matthew35Apr 22, 2008
What happens in America spills over to the UK<a class="user" href="http://www.simplyfinance.co.uk">http://www.simplyfinance.co.uk</a><a class="user" href="http://www.simplyfinance.co.uk/articles/Banking/Ba">http://www.simplyfinance.co.uk/articles/Banking/Ba</a> ...
debtsolverJul 6, 2008
Or may find something new about debt consolidation <a class="user" href="http://www.debts-and-loans.co.uk/">http://www.debts-and-loans.co.uk/</a>
debtsolverJul 6, 2008
Or may find something new about debt consolidation <a class="user" href="http://www.debts-and-loans.co.uk/">http://www.debts-and-loans.co.uk/</a>