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He almost had me with him until he claimed that deficit cutting isn't really necessary while simultaneously taking shots at social security spending and medicar
by beloch 13y ago
He almost had me with him until he claimed that deficit cutting isn't really necessary while simultaneously taking shots at social security spending and medicare. Other countries spend more on these while having far smaller deficits. Admittedly, not being involved in a couple of wars at any given time does help with the bottom line.
The big problem with the U.S. elite is that they are more concerned with making decisions that benefit U.S. corporations than the country as a whole. By that rubric, the U.S. performed admirably throughout the 2008 financial crisis. Goldman Sachs is doing better than ever! It's a shame you can't buy stocks in cities though. If anyone on capitol hill owned stocks in Detroit the city would probably have been bailed out by now!
- a3n 13y agoThere is actually at least one city that has created an index fund of local businesses. I think the focus is on residents investing, but there's no reason why everyone couldn't do it. I heard/read of it within the last few weeks, but I can't find a link now.