[Info-vax] HP stopping VMS paper documentation ?

[JF Mezei]

Richard B. Gilbert wrote:

> Do tell us how to "bring jobs back to the USA".  I was under the 
> impression that American workers expected to be paid two to five times 
> as much as foreign workers!


Workers will need to accept lower paying jobs and lower standard of
living. But that is still better than being unemployed.

There is no magical solution to job creation. The problem I see is that
govt spending is just a short term boost to prevent a crisis, it does
not solve the unemployment problem.


The idea of stimulus spending to give the economy a quick short term
boost is fine. The problem is that unemployment isn't a temporary
problem, it is a structural problem with so many jobs having shifted to
asia. And it won't be solved by a quick stimulus spending.

And if you keep on saying "we need to spend this year to help the
unemployed, we'll deal with the debt later", you will be saying this
every year because the unemploymebt problem isn't going to go away, so
you end up never dealing with the debt and it gets to an uncontrollable
point.

This is what happened in Greece.

If an individual leaves above his means, the second he missed a mortgage
payments, the banks pounce in and seize his assets and destroy his life.

But countries don't get treated this way, they get offered more loans in
order to help pay back previous loans that they can't afford to pay. But
eventually, this white gloves treatment comes to an end and all hell
breaks loose.