I agree that solving the Federal Budget deficit and debt ceiling is a complicated algorithm. I'm surprised that congress really hasn't seemed to acknowledge the people's cries for job creation. I would think that would be a good thing for their fiscal problem. Get more people working, making income, paying taxes. Trickle down economics is a phony philosophy that has proven not to work, only serve the accumulation of wealth of a small percentage. Solving this economic crisis is simple, get people working. They want to work. The government gets more tax money (without even having to raise taxes) to start paying down it's debt, keep itself operating, and people start buying goods and services which will then increase revenue for business. But the U.S. congress does not serve the people. It serves Lobbyists. Congress doesn't care about job creation, doesn't want job creation, because that will cut into the gargantuan profit margins of the Fortune 500, which will cut into their campaign contributions.
I think we're getting to a point in time when dealing with supply and demand that the word profit should be phased out and replaced with benefit. Profit doesn't solve. What is the physical benefit of doing business on behalf of the business owners, the employees, the customers? The delivery of a need somewhere in the pyramid of Maslow's Hierarchy of Needs. What does the human body do with profit? What does the soul do with profit? Perhaps I am being too literal and melodramatic here, of course money let's you buy your basic human needs; your hot dogs and potato salad for dinner, your toilet paper, your medication, and the items at the top, the self actualization, your yoga classes, scuba diving trips, hang gliding adventures. But money didn't really create that scuba gear or your prescription refill...materials did, human labor did. Material and human labor are churned through and tossed aside without much regard in the current economy, but the value of a dollar, how dare we let that slip on the index.
Commerce and governance continues to run via an engine of bullshit. The population grows, needs grow, global warming continues to bring us stronger storms than we've seen in the past yet we continue to elect and place our faith in leaders that cling to old Politcal philosophies and deny adaptation to the above. We currently have no innovators in the law making body.
I am okay with the U.S. defaulting on its debts. I am okay with all of Europe defaulting on its debts. I am okay with the value of Yuan sinking. Because maybe then, and only then, will everybody be forced to rethink how we pay for shit. The laws of supply and demand are not as fixed as the laws of chemistry, they can be altered. Hell, we can synthesize chemicals, we can synthesize buoyant economies with smart management of resources.
A little innovation, because commerce and governance continues to run via an engine of bullshit. Let's think benefit. Profit doesn't have the same ring as it once did.