Quote:
Originally Posted by RU OX Alum
We cannot push things onto future generations, that is completely unethical, the problems of today must be dealt with today, regardless any one's positiion on any singular issue. "peace in our time" was deemed morally dispecable (spelling?) during this Federation's revolution, and should be treated the same way now. As difficult as we may find them, we must strive to resolve the problems of our day, and not to delegate them to the citizens of the future. To fail to do so is nothing short of generational tyranny.
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That is interesting take. However, the deficit was levied higher when President Reagan took office, in response to the Iranian Hostage Crisis that President Carter was unable to solve... The first President Bush increased it due to the First Gulf War, although, the Kuwaiti's did pay us back, it still was not enough that we incurred. President Clinton spent quite a bit of taxpayer money at first, we did see our economy flourish and we were left a surplus partly based on the taxes paid...
The second President Bush gave tax-breaks for the richest 1% of the population. Then 9-11 happened, which did cost us... More than we all could imagine. It truly affected World Trade. It wasn't that the twin towers and other buildings fell in its dramatic tragedy, but the months of lost business, Wall Street probably did not re-coup as well as they thought. While Fed Chair worked his magic the cost was only a band-aid, and deflected to future generations... How far into the future is up for contention. But, we are facing past decisions and this is what we are paying for, now...
Lemme, put it like this, basically, a lot of the money is going to California, as well as other states. So many people are upside down underwater in homes they use to own, it was psychotic what was done in many parts in California. But since the economic potential of California's GDP is greater than both war efforts in Afghanistan and Iraq, it seems like a wise ROI. California needs major infrastructure upgrades. SoCal has no more water. There is quite a bit of major crop farming that no one can afford to lose, name all fruits, wine grapes, etc., so desalinization is a viable option. IDK? Then sewage needs to be solved because it is 40-50+ y/o lines.
You have Silicon Valley, Cupertino, Napa Valley, Shasta Mountains, Sierra Nevada Mountains, Beach Cities that can crank out significant money makers.
The other thing is most of the big populated States are having similar problems and not putting out similar GDPs. If we can get to our pre-9-11 potential or higher, that is when we will know things are changing. That seems far off right now.
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