1. We consume more than we produce. Cut down consumption, both citizens and government.
2. We borrow more than we save. US saves about 2% while China saves about 15%. Save more and do not max out our credit cards.
3. We are not as competitive as we're in 50s and 60s. Do not give out money generously to foreign countries.
4. The world is more competitive (esp. China) and it looks like it is getting worse. Do better negotiation with our trade partners. Trade wars should be avoided if possible.
5. The expenses of endless wars should go to investment for our future such as infrastructure. Why we protect Japan and some countries who are wealthier than us?
6. We need to give up some sectors such as the those that are labor intensive and/or environmentally harmful (examine benefits and losses).
7. We need to motivate our able welfare recipients to work to take up the jobs currently performed by illegal aliens.
8. We need MORE (not less) H-1B visas to attract top scientists, engineers... to remain in our competitive edge. However, only let the immediate family members come.
9 We need to balance the budgets, cut down entitlements, fund research, fund infrastructure (including security to protect our IP)...
10. We need to be doers instead of talkers. We're still talking about the high speed rail in California (could be less beneficial compared to the densely-populated China). To start, get the two parties to sleep in the same bed. They disagree with each other if the idea is not from their own party.
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Realistically, most proposals cannot be executed. They are more long term solutions that the politicians are not interested in. The voters want to have the maximum benefits and pay the less taxes.
ReplyDeleteIt was those graphs tone from the big houses , the green and blue ones.
ReplyDeleteWhat kind of mess are we in now.
ReplyDelete