About This Recession: Why Can't They Use Their Heads?

Try not to get too upset. Space missions do a lot of good. Like new technology, inventions, and jobs. Yes, they do cost money. The giant horse? I don’t know about that one. but I’m sure that is a good example of waste. Spending in the right places can aleviate some problems, I would think. I am sure the “heads” have thought about it. The problem is ‘nobody has all the answers”. However, I would look at history. It is usually repeated somewhere. The crisis as they say is about “all the debt”. It strangles us. Just stay out of it yourself and you will be fine.

I totally agree with you.I have heard so many things that the government are doing that really doesn’t need to be done. They have no idea how to prioritize. It’s every country for themselves- there all trying to out do each other when it comes to technology and space missions when really the problems on earth!

I heard the govrnment is doing all these business bale-outs to save companys who aren’t making enough money to keep things going. Well the only money the government can give them is tax money. Why don’t they try taxing us less and then if we have more money then we’ll spend more. That’s the same idea Bush tried with giving out all that extra money in taxes last year.

‘Spend - pay back interests’ - ‘Spend - pay back interests’ - ‘Spend - pay back interests’ - ‘Spend - pay back interests’ - ‘Spend - pay back interests’ - ‘Spend - pay back interests’ - ‘Spend - pay back interests’.

Unfortunately a few $million is a drop in the bucket.

Tax cuts were tried and weren’t effective. Corporations who got windfalls didn’t hire more Americans, they outsourced their jobs overseas to make a few dollars more.

One thing that needs to be differentiated is spending vs. investing. Think on terms of individuals. Joe needs someplace to live and a way to get to work. He doesn’t have enough money to buy a car let alone a house but if he doesn’t have some place to live and transportation he can’t earn any money at all. To solve his predicament he borrows money to buy a car and a house and being able to work pays back his debts over time. This kind of spending is investment. Lets say that Joe decides that he really wouldn’t be happy unless he has a yacht. He doesn’t need a yacht for his work or to live in but he just wants one. He doesn’t have enough money to buy a yacht so he takes out another loan. In this case his spending isn’t really an investment (though I suppose it is possible that yachts could appreciate but I doubt it).

As a country we have been doing too little investing in our future but a lot of spending on frivolous things. Most areas don’t have effective mass transit. Many of our roads and bridges are literally crumbling. Our power grid is neither efficient nor dependable.

The $800 billion is basically funding programs that should have been funded better over the last 35 years; things we need for our continued productivity. Doing them now will have the pleasant side effect of putting a lot of people back to work when we need it the most.

I would rather not have to spend a $trillion or two now but considering what a deep hole we find ourselves in it seems to be the lesser of the available evils.