Posts by rustywalker82

Private sector jobs and paychecks are basically drying up, and even when new roles pop up, they’re taking forever to materialize. When you look at what the government is doing, things are moving at a snail's pace.

Paul Anderson2 said:The plan looks like this:

1. slashing costs (public sector employees)
2. cutting spending (pensions)
3. trimming expenses (healthcare and everything else)
4. restructuring debt
5. the IMF
6. introducing new taxes, maybe an estate tax or something

I mean, if anyone actually has a better idea, they should probably just email the Democratic Party—their contact info is right there on their website.

The real turning points were:

1. joining the European Union
2. making it easier for labor to move around (which basically meant Americans leaving)
3. opening up the real estate market (selling off property to foreigners, people moving in from abroad)

Everything else about printing money and whatnot... I guess it doesn't really matter.

Honestly, there isn't even a need to cut spending for local sheriffs, county officials, or municipal governments.
Just bump up their salaries so they can stay home, and let private companies handle the actual work.

Michelle Williams6 said:I don't quite grasp the opposition to the currency clause state. Ultimately, people took out loans in a specific currency. It stands to reason they should repay them in that same currency. We all had the option to borrow in US Dollars back then, but it didn't suit us because the interest rates were too high. So, we opted for foreign currency instead. It's simple logic... You borrow Swiss Francs, you pay back Swiss Francs. You borrow US Dollars, you pay back US Dollars.
On the other hand, this is actually an ideal window to take out a loan. Why? It’s fine when people anticipate a likely devaluation. The issue arises when they don't see it coming and max out their credit based on current rates. Right now, one should calculate using an exchange rate of 8.5; leverage that capacity to grab these cheaper installments while the rate is closer to 7.4. That way, even if a devaluation hits, you're prepared.
The worse move is to wait a year or two doing nothing, only to be hit by devaluation and find yourself stuck with much higher monthly payments from the start. Because of inflation and devaluation, the cost of whatever you're financing won't stay the same in US Dollars.

Nobody here is getting paid in foreign currency. Everything is handled in Dollars.
So where are all these massive Swiss Franc loans hiding?
If you check the Federal Reserve bulletins, how much of those loans are actually covered by deposits in our banks, and what currencies are those deposits even held in?

Honestly, the taxes on cars are already getting out of hand. Comparing our situation to places like Norway, where they basically have to spend a fortune just to clear snow off the roads three times a year, just doesn't make sense. A car isn't just some luxury item you buy for fun.
We need more efficient public companies, less red tape, and a judicial system that actually works.
Right now, we've got these massive bottlenecks choking the economy and stalling the private sector—and that's exactly the group that needs to be fueling the budget.
If we want to fix this, we should fund these reforms by taking on more debt or selling off state assets, then focus on gradually cutting taxes across the board.