The economy is in a ditch. Should governments be spending or cutting to help ge

1. 60

   Clarke Stevensposted 13 years ago

   The economy is in a ditch.  Should governments be spending or cutting to help get it out?
   
   Much of the focus recently has been reducing government debt.  But if the weak economy is on the verge of falling further, should government be spending more in the short term?  What would you do?
   
   

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2. 61

   Neil Sperlingposted 13 years ago

   There is no easy answer....... the world economy is in such a state of confusion no two economists can agree on a solution.
   
   What we need is a complete shift in human consciousness...
   When 80% of the worlds wealth is controlled by 10% of the population what we have is a dictatorship in disguise.
   
   That problem has to be addressed first and foremost. Mankind needs to shift - there is abundance in the universe so mankind needs to start learning to "Give up the struggle to survive and learn to love life and love living."
   
   Unless we move in that direction - the current economic systems (globally) will continue to feed the rich - starve the poor and eliminate the middle class everywhere.
   
   my hub Middle Class to Zero shares more on this topic.

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3. 60

   Degridingposted 13 years ago

   The economy is in the ditch because government has spent far too much for far too long and there comes a time, no matter how big you are, when you can no longer continue to spend.  That is where we are.  We must cut spending, even though it will involve real pain in the short term.  The only other alternative is to print money, which will eventually destroy the currency and cause far more pain in the long term.

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4. 0

   erikjohnsonposted 13 years ago

   There is good spending and bad spending.  Good spending would entails investing in programs that would create jobs and spur the economy.  Bad spending is spending a billion dollars a month in 2 wars, and sending aid to countries like Pakistan that are screwing us over every chance they get.  We give way too much free money to other countries when we need to start keeping that money here in the US.  Bad spending is over paying these politicians when they vacation 1/2 the year.  We need a president that is going to put his foot down and make real change.

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5. 0

   Old Empresarioposted 13 years ago

   It should be cutting on war and war materiel and should be spending on infrastructure; which will save $10 on something worthless in order to spend $5 on something useful

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