Economic Common Sense

[Derek L. Nielsen]

I have two questions relevant to the economic debate:
1) If you ran a retail store and sales slowed drastically, what would you do to boost sales?
2) If you are the head of your family and you are sinking into debt will getting an additional credit card or seeking a significant increase on an existing card help your circumstances?

[Derek L. Nielsen]

My answer to question one would be to have a sale which would be synonymous with decreasing taxes to boost revenues. Why does the democratic leadership have a completely backwards approach to this.

My answer to question two is obvious. The deeper you go down the credit hole, the closer you are to bankruptcy. This is the direction we need to steer away from, unfortunately we are like the Titanic heading straight for the iceberg with a mentality of the ship being unsinkable. What does history tell us about that?

[Kenneth Carter]

I wholeheartedly agree with you Derek on these issues. An individual (or a governing body) can run into times where there is a shortfall of revenue. It makes sense during these times to borrow to get through them (assuming you can pay back what was borrowed) but it can not be a routine matter to constantly spend more than you have and borrow each and every budget cycle. This way madness lies yet this federal government seems to be of a mind that we can do this in perpetuity. Rev up the money printing presses and we can print our way to prosperity seems to be the cry these days and sadly, many seem to think this is just fine.

Derek L. Nielsen said:

My answer to question one would be to have a sale which would be synonymous with decreasing taxes to boost revenues. Why does the democratic leadership have a completely backwards approach to this.

My answer to question two is obvious. The deeper you go down the credit hole, the closer you are to bankruptcy. This is the direction we need to steer away from, unfortunately we are like the Titanic heading straight for the iceberg with a mentality of the ship being unsinkable. What does history tell us about that?

[Ali]

If you keep borrowing money when you do not have any income to back up all that borrowing.....in the long run all you did was just stack up a enormous amount of debt with major increase of added fees over time...that you can and will not be able to ever pay back. So take this with the government now doing the same exact thing.....why do they think they are any different that an individual debt? Borrowing money you do not have over and over again is absolutely ludicrous......and you are pulling from a bottomless pit. How deep does this pit have to get before we have sold out more than "WE" the people even know what we are selling out? It is very obvious to most Americans so I do not know why it is even still happening.

[1stRichard]

Economic Common Sense in MA?

Working in a wastewater treatment plant, one of the parameters I was responsible for PH corrections of CIP operations before it was sent to the municipal plant. To do so the state mandated what chemical was to be used, this in turn results in a fine for dumping this chemical down the drain. Is there any Common Sense in paying penalties to follow state mandates?

We have the most stringent car emissions standards in the world. The NOx emission standards prevent the more efficient euro diesels from being sold here, most achieving up to 60 mpg in highway fuel economy. Is there any Common Sense in using twice the amount of fuel and somehow saying it is efficient?

Over at the Holyoke hospital I asked why the rehab section closed, (this is a non profit municipal hospital) the reply I got from one of the administrates was that it wasn’t profitable enough. I then replied, was it supposed to be that profitable? The look on someones face when confronted with Common Sense, priceless.

I could go on with hundreds more but I think this proves the point…

Economic Common Sense in MA is get out when you can, Common Sense is lost


Note; there are some new diesels that may pass emissions just now coming out

[Rachel Michael]

1. I'd call Barack Obama and ask for a bailout.
2. No, but if I called Barack Obama and asked for a bailout, that would surely improve my circumstances!

Ok, just kidding.
I'm no economics expert, but here's my guess:

1. Advertise more, have a big sale, offer some other type of incentive?
2. Absolutely not!