NAVIGATION
|
Your New Scoop SiteWelcome to Scoop! To help you figure things out, there is a Scoop Admin Guide which can hopefully answer most of your questions. Some tips:
For support, questions, and general help with Scoop, email support@scoophost.com ScoopHost.com is currently running Scoop version Undeterminable from . |
Tag: WeimarBy JGillman, Section News
Debt.
What better way to saddle those who have little means, than with a higher cost of living. When the United States Government prints that money to pay the bills, and drives inflation through the roof. Think not? Its happened before. If it weren't for modernization and efficiency hiding the termites which are eroding our financial base, the "come to Jesus moment" would have happened already. Farming efficiency has kept us fed (and it has also been subsidized), and mechanical improvements have allowed more product to be built with less labor cost. Energy as well has played into it, as it has been cheap and plentiful. These things would under ideal conditions, make us ALL wealthy in consumables and lifestyle, yet because of the inflationary effect of increasing debt and fewer actual PRODUCERS of wealth they remain subdued as merely a balancing agent. The neutralization of poor fiscal policy cannot go on forever though. Adding to this, the absence of energy policy that would help this country remain a wealth producer. For my current argument, there are two types of debt; 1. Stated, and 2. Liability. Michigan for example, cannot spend more than it takes in. Its the law. It cannot borrow money that is not immediately payable through the budget cycle. If it did, then Michiganders would be stuck with interest payments, yada. There are tricks used to get around this, but unlike the Fed it cannot hold a negative balance year after year. More Below ~ (2 comments, 637 words in story) Full Story |
External FeedsMetro/State News RSS from The Detroit News+ Craig: Cushingberry tried twice to elude police, was given preferential treatment + Detroit police arrest man suspected of burning women with blowtorch + Fouts rips video as 'scurrilous,' defends Chicago trip with secretary + Wind, winter weather hammer state from Mackinac Bridge to southeast Mich. + Detroit Cass Tech QB Campbell expected to be released from custody Friday + New water rates range from -16% to +14%; see change by community + Detroit's bankruptcy gets controversial turn in new Honda ad + Royal Oak Twp., Highland Park in financial emergency, review panels find + Grosse Ile Twp. leads list of Michigan's 10 safest cities + Wayne Co. sex crimes backlog grows after funding feud idles Internet Crime Unit + Judge upholds 41-60 year sentence of man guilty in Detroit firefighter's death + Detroit man robbed, shot in alley on west side + Fire at Detroit motel forces evacuation of guests + Survivors recount Syrian war toll at Bloomfield Hills event + Blacks slain in Michigan at 3rd-highest rate in US Politics RSS from The Detroit News + Apologetic Agema admits errors but won't resign + Snyder: Reform 'dumb' rules to allow more immigrants to work in Detroit + GOP leaders shorten presidential nominating season + Dems: Another 12,600 Michiganians lose extended jobless benefits + Mike Huckabee's comments on birth control gift for Dems + Granholm to co-chair pro-Clinton PAC for president + Republican panel approves tougher penalties for unauthorized early primary states + Michigan seeks visas to lure immigrants to Detroit + Peters raises $1M-plus for third straight quarter in Senate bid + Bill would let lawyers opt out of Michigan state bar + Michigan lawmakers launch more bills against sex trade + Balanced budget amendment initiative gets a jumpstart + Feds subpoena Christie's campaign, GOP + Poll: At Obama's 5-year point, few see a turnaround + Obama to release 2015 budget March 4 Front Page
Sunday January 19th
Saturday January 18th
Friday January 17th
Thursday January 16th
Tuesday January 14th
|