Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (174)	8/31/2011 3:04:55 AM
From: Jorj X Mckie	4 Recommendations Read Replies (1) \| Respond to of 85487

I don't think it is going to be quite so easy. You have to identify where the spending cuts are going to come from. If a spending cut involves eliminating a government job, that means that a person is going to be put out on the street. Politically speaking that won't fly in a period of economic hardship like we are currently experiencing. The only time that we can actually eliminate government jobs and put people out on the street is when we are in an economic boom. That way they can go get a private sector job. Of course, the opposite is likely to happen were there will be more government spending during an economic boom. This is why we should always avoid creating real government jobs. Once they are created, they are almost impossible to eliminate. If necessary, hire contractors. In reality, reducing the budget and cutting government jobs is going to be a very slow process. I think we will need to: 1. First, cut spending that isn't tied to government jobs. Foreign aid is a good example of this. Subsidies for various industries are another, whether agricultural or green energy. 2. Stop hiring new employees. Reduction will need to come through attrition 3. Focus military defense on defense 4. Close the border to all but those who will be highly productive. 5. No more raises for government workers. Make private sector jobs more attractive than government jobs