How our economy, and country could be fixed.

JohnO and friends, you may devise any solution to our economic and political mess you can, but we will not be able to impliment our solutions until we eliminate corporate influence in government, and eliminate Citizens United. Government must be funded ONLY by the taxpayers with no other influences if it is to represent the public and impliment policy for the public.

Specifically regarding medical matters and doctors' pay, note that doctors who work for the Mayo Clinic and the Cleveland Clinic are paid a salary. They are not compensated on a "fee-for-service" basis. And doctors are lining up to work for those facilities because the facilities are known and prestigious. And they are known and prestigious because they are effective.

 

By the way, the U.S. Constitution does not specify nor call for a capitalist economy. The sort of economy we have is entirely up to the American people in the final analysis. If we find we need to change it by introducing features of other economic models, we are free to do it once we overcome the resistance of the status quo and powers that be. And we only overcome the powers that be by eliminating all corporate and other influence in government with the exception of the equal influence of all taxpayers.

 

I'm not saying Japan is doing the wrong thing. I'm saying they have a 200% debt to GDP because of those issues. They actually have a declining population and they save a lot of money. And based off just pure math it requires their Govt to pump a lot of money in to the economy to keep it going.

We need the same right now. Our people are not spending enough money to create the number of transactions we need to reach our growth target (which will by necessity, increase employment). Pump a trillion or two trillion dollars in direct spending in to the economy and this place would be booming.

And as far as debt-to-GDP ratios, our real debt to GDP is around 70%. There is no logical reason to count intragovernmental debt in the mix.

And on top of that you should get rid of the debt held by the Federal Reserve which really brings our true debt-to-GDP at 50%. We have plenty of room for spending, we just need to get politics out of the way and let educated economists take over.

 

Your statement could be used to attempt to support either side of this discussion.

So what are you saying? That doctor's pay should be limited, or not?

From my vantage-point, you're supporting exactly what I said: those countries which educated doctors have lost them to a country which will pay more.

It stands to reason that the best doctors get paid the most. The countries that have chosen to limit the pay of their professionals have now damaged their own quality of care in the process.

Just like we will, if we choose to do the same thing.

 

Give me an example of an economic system outside of Capitalism that does not violate the Constitution. Be specific.