Public Sector = economically irrelevant people servicing other economically irrelevant people at staggering cost to the taxpaying public. Not entirely true, of course, but largely true.
"and we would be back to business as usual.." that is a hell of a statement without offering an iota of proof. to ignore the damage caused by inflation of this magnitude is the height of folly. but then again this is ET where nonsense is prototypical of nearly every thread except hardware and software. by the way the public sector other than the federal cuts back till the unions scream loud enough for the Federal government to bail them out i.e. argentina and their provinces.
Just add consumption tax replacing income tax and, Voila!! Mexicans [and drug dealers, pimps, tax evaders, vacationers, etc] are brought into the tax revenue arena...
Proof? It's conjecture... ET is a brainstorming thingy. You are looking for debate with scientific underpinnings? Go to a University maybe, but they are very closed little societies and won't allow open debate on most subjects... Maybe the Unions don't have to be catered to. If we elect people with a mandate to crush the Public Sector Unions they can kick and scream their way into the history books... I'm thinking that if the US endured the pain of a few years of inflation and wound up with 15 cents for their dollars we would be lean and mean... if all that pain was endured with a backdrop of Unions demanding more money while grandma starved, that the US might take on a mindset of wanting to outlaw Public Sector collective bargaining...
with all that has been written on the subject the best "conjecture" u can come up with is to impoverish the middle class? maybe a few economic courses at the university of chicago or some other conservative economics department would give you a foundation in economics. it,then, would allow you to make reasoned proposals.
the burden of compounding debt is destroying the US. there is no way out except to repudiate the debt and to fire 25%+ of the government work force. population growth among an ill educated populace only increases the debt.
what makes anybody think that the american people are smarter than other people? peronism is alive and well. the many idiots in america are waiting for the reincarnation of a copycat juan peron, peron was a charismatic leader who fooled the argentian people into believing that the government would take care of them. 100%+ inflation and hunger was the result except for the favored groups. obama is just the first manifestation.
if you include a factor for useless government workers the true unemployment rate of 16%goes to 20%+. in new york it cost $15000 to educate a student per year. if you have two children in school that is $30,000. how many families pay $30000 in taxes to cover this cost? in utah the cost is $6000 to 8000. is the output in ny any better?
International deals/agreements should be transparent and on win-win proposition. Hope America reviews and rectifies their agreements with rest of the world.