U.S Debt Solutions are OBVIOUS!

[Thrillology]

Wow was this cringy -- future me does not approve of past self. I was what, 14? Damn.
(removed message)

[DimeBagHo]

Not about a current event. Moved from the Mudpit to the Academy.

[Exarch]

oh this is going to be good; looks like somebody's been accepting everything the cable media/government has been telling them

[Dr Zoidberg]

Your "knowledge" of even the most basic subjects is astounding. I literally don't know where to start...

But this threw me more than most of it:

Demand the Middle East return our oil

Um... What? What oil are you talking about? It's in their ground, it's their oil. They haven't taken anything from you.

[frozenprince]

What is this I don't even...



Please tell me you're just a poor attempt at a troll to exemplify our current media sensationalism... Please.

It makes me feel slightly better about the state of our educational system to think that you are.

[Justice and Mercy]

2. Put a tariff on cheap, harmful Chinese products. U.S and Western European products are always good-excellent quality.
3. Close trade to China

No and no. Just plain terrible ideas. I point you to Adam Smith, just as a primer.

4. Government gives funding and encouragement to U.S enterprise

No. The government shouldn't be in the business of directing resources, nor can it do so effectively.

5. Jobs are given PERMANENTLY to EVERYONE. So once U.S is in production, there will be permanent jobs and our country will go back to being its former prosperity.

That's an incredibly bad idea, for numerous reasons. To begin, who gets what jobs "permanently"?

1. Demand that the Middle Easterns return our oil or military action will be taken from the U.S and its allies.
2. If they refuse (which will happen), U.S and allied forces take the oil wells that we found the oil for and funded.
3. Station troops to protect the oil and demand the Middle Eastern oil nations' sovereignty.

If we wanted to stand up for our property rights in the Middle East we should've done so decades ago.

That ship has sailed.

[Tiberios]

Or, the unpopular way:
1. Demand that the Middle Easterns return our oil or military action will be taken from the U.S and its allies.

Uhm what? I was unaware that Iran, Saudi Arabia, Iraq and the Gulf States were ever part of America. How could it possibly belong to the US seeing as the oil is located in these countries. Just because the US invested heavily in the oil industry in htese countries, it doesn't make the oil American.

As for closing trade with China, how on Earth is that going to solve anything?

[Justice and Mercy]

Just because the US invested heavily in the oil industry in htese countries, it doesn't make the oil American.

Yes, it did. Ownership is ownership, wherever it is.

The barbarians in Iran, just for example, stole Western property.

Geographical proximity is not a proper claim to a resource, developing it is.

[Tiberios]

And you base this on what exactly?

[Enemy of the State]

What brilliant and original ideas. I can tell that you've come to these conclusions from years of studying economics.

[Rolling Thunder]

What brilliant and original ideas. I can tell that you've come to these conclusions from years of studying economics.

The sheer irony of this post is unspeakable.

[Justice and Mercy]

And you base this on what exactly?

Unlike most people I have a fully developed theory of property.

Where do you get the idea that geographical proximity IS a proper claim to property?

[muller227]

Unlike most people I have a fully developed theory of property.

Where do you get the idea that geographical proximity IS a proper claim to property?

Most property are rights are recognized by legal ownership not, not nationality hence a British corporation can own land and mineral rights in the US and enjoy the full protection of the US government.

The Saudi's never relinquished ownership of their oil I know that is why for years Royalty payments were made to the Saudi Government, Saudi is a moot point anyway our rights were long ago negotiated away in the wierd partnership with the National Oil Company of Saudi Arabia . Iran is iffier I am unclear of British Petroleum's actions. Under the Shah it was actually worse, the government simply confiscated land outright and leased the oil rights to the Oil companies. They never relinquished ownership theoretically though.

[Tiberios]

Unlike most people I have a fully developed theory of property.

Where do you get the idea that geographical proximity IS a proper claim to property?

Private companies developed those oil fields in the M. E. As the oil is located within the border of Sovereign countries, these countries have ownership of them. That they had to contract foreign companies to establish and maintain the oil production doesn't mean that those countries loose ownership. As Dr. Zoidberg said, the companies own the right to develop and sell the oil.

[Thrillology]

Uhm what? I was unaware that Iran, Saudi Arabia, Iraq and the Gulf States were ever part of America. How could it possibly belong to the US seeing as the oil is located in these countries. Just because the US invested heavily in the oil industry in htese countries, it doesn't make the oil American.

As for closing trade with China, how on Earth is that going to solve anything?

We found the oil, set up the oil wells for them.

Ah, China hates us a lot. It will enforce making jobs in the U.S, and then there won't be such a bad employment rate.
Remember the old U.S? the one that was industrious and prosperous? It was because we had the trade and everyone had jobs. Who ruined it? Clinton.

Even if we "didn't" make it, I would rather their asses die than ours. I'm a true patriot, and I care for our country and our fellow citizens. I would call myself a martyr, only nobody wants to kill me.

[Ak1980]

We found the oil, set up the oil wells for them.

I doubt that you are the owner of the company who found the oil and set up the well for them.

Btw the company got paid/profit for their service.

By your logic, any gardener can claim piece of other people property? They set up the tree in other people garden, now the garden is theirs!

If you have a land, call some developer/contractor to build a house for you, suddenly the developer become the owner of your land??

[Justice and Mercy]

If you have a land, call some developer/contractor to build a house for you, suddenly the developer become the owner of your land??

The issue here is twofold. First, we're talking about broken contracts. The people who funded those fields only did so because they believed that they'd have control of them for a certain period of time. Second, I challenge the assertion that a nation of people should "own" oil fields.

[Ak1980]

The issue here is twofold. First, we're talking about broken contracts. The people who funded those fields only did so because they believed that they'd have control of them for a certain period of time. Second, I challenge the assertion that a nation of people should "own" oil fields.

First, every country even US have history of broken contract, debt default, etc. Is that a valid reason to claim that country?

Second, not sure what you mean, what is so special with oil field? Why is nation of people can own land, sea, space, other type of mine but not oil field?

[Derpy Hooves]

We found the oil, set up the oil wells for them.

Ah, China hates us a lot. It will enforce making jobs in the U.S, and then there won't be such a bad employment rate.
Remember the old U.S? the one that was industrious and prosperous? It was because we had the trade and everyone had jobs. Who ruined it? Clinton.

Even if we "didn't" make it, I would rather their asses die than ours. I'm a true patriot, and I care for our country and our fellow citizens. I would call myself a martyr, only nobody wants to kill me.

I am amazed this thread has lasted this long. Either this is a troll thread or I just don't know what to say.

Man by your reasoning it seems like wars in the past were not needed, all people need to do to gain land is find resources in other peoples territory.
Prussia: Hey Austria we found some resources in Silesia, I guess it is now ours.
Austria: Oh darn, you got us again Prussia.

[Stark of Winterfell]

We found the oil, set up the oil wells for them.

Ah, China hates us a lot. It will enforce making jobs in the U.S, and then there won't be such a bad employment rate.
Remember the old U.S? the one that was industrious and prosperous? It was because we had the trade and everyone had jobs. Who ruined it? Clinton.

Even if we "didn't" make it, I would rather their asses die than ours. I'm a true patriot, and I care for our country and our fellow citizens. I would call myself a martyr, only nobody wants to kill me.

You're trolling, right?

First, us oil companies were paid for their services and reaped profits from the oil they found and pumped. We still don't own the land.

Second, China doesn't hate us; at least, not more than most nations. We've had some issues with them, but I wouldn't call it hatred.

Third, why is Clinton responsible? And furthermore, do you even know where American prosperity came from? You're probably thinking of the 1920s (pre-Depression), the 1950s, and probably the 1990s. Let's see some reasons why the US was extra-prosperous in these periods.

1920s: WWI had devastated France, Germany was in turmoil, and empires were collapsing. Not good business environments, so places like the US and Japan benefit.
1950s: France, Germany, USSR, Japan destroyed in WW2. UK exhausted and bombed. US stands alone as the sole surviving large industrial power. Of course we were going to be ridiculously prosperous then.
1990s: The collapse of the USSR meant that the US could relax on defense spending, and just a generally optimistic time period, with new technologies introduced.

With no major wars to desolate the rest of the world, and China and India (1/3 of the world's population) finally modernizing, there's no way the US could reach some of it's historic heights of prosperity.

In regards to your original post: it's pretty stupid, there is no easy answer to the debt problem. The obvious answers are to increase taxes and cut government spending by a lot, but those solutions will just tank the economy.