The Forum > Article Comments > Here’s what it will take to actually solve America’s debt problem > Comments
Here’s what it will take to actually solve America’s debt problem : Comments
By Darren Nelson, published 2/2/2024Despite what Democrats would have you believe, the solution is not to raise taxes - it's not even to balance the budget, per se. The only long-term solution is to cut spending.
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And, how could I forget! The $450 million on a divisive, racist referendum, that ended in the bin where it belonged.
Posted by ttbn, Friday, 2 February 2024 4:35:07 PM
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Agree with most of what you say, ttbn. Renewables and the transmission lines needed, will force the price of power up and up, perhaps as high as a dollar PKWH!
The subsidies would be better spent on ready to generate, Chinese made MSR thorium power plants servicing very local microgrids. Instead of bankrupting power prices, the difference at 3 cents PKWH or less, will create an economic miracle and unprecedented prosperity. Let them go to an election with their costly renewables as part of their economy destroying mad hatter policies. Renewables are far from the cheapest carbon free power available! Because to be dispatchable and serve industry, they will need ginormous battery back or pumped hydro. And that will cost a motsa. Costs that will need to be passed on! Directly or indirectly at the supermarket checkout. Where the GST will collect trillions! This will generate a cost price spiral on steroids, with no end in sight. Pumped hydro relying on adequate rainfall to keep the system operational. Back a while N. Zs hydro system failed due to massively reduced rainfall. Imagine you were halfway through smelting iron in a million-dollar refractory grade graphite crucibles. Where intermittent power/pumped hydro failure, allowed the metal to solidify and effectively destroy million-dollar crucibles as the consequence of rank stupidity/green demands. The local steel industry would be destroyed! Labor vote is down around 26% and falling, if they continue to be the stupidity personified, green's puppets, it'll go lower and send them into the political wilderness. Perhaps for a decade or more? And from where they'd need a miracle to ever form government again or even an effective opposition, needed to hold the government to account! Elbow would be in his element as our greatest opposition leader. But arguably our worst PM. Alan B. Posted by Alan B., Friday, 2 February 2024 6:12:34 PM
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THis article sounds a bit suspicious but here is an wiki article on CPI-X...
http://en.wikipedia.org/wiki/Price-cap_regulation We should give them some benefit of the doubt I suppose but research the authors political allegiances, etc to see if they are likely to be aligned with us and can be trusted Posted by Canem Malum, Friday, 2 February 2024 10:38:03 PM
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Darren Nelson says he is from the PHON party. That's a good sign. Likely better than policies of the major parties.
Posted by Canem Malum, Friday, 2 February 2024 10:56:39 PM
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How to cut spending the Argentine way.....
http://rumble.com/v40pshg-argentina-president-javier-milei-slashes-departments-that-are-a-drain-on-th.html 21 ministries reduced to 9. It'd work here too. Posted by mhaze, Saturday, 3 February 2024 8:36:59 AM
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Albanese could start the cuts, gently, by getting rid of these 'assistant Ministers'. What are they needed for? Coffee making and pencil sharpening?
Over paid Ministers surely have enough staff to assist them. Posted by ttbn, Saturday, 3 February 2024 9:09:10 AM
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