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Tuesday, February 21, 2012
I Hate A's
Fixing the Economy For Dummies
Economics (but not really)
What is economy?
Assignment 20: School
Monday, February 20, 2012
Fixing the national debt
Here's how you fix the income: Fix the tax code. For many years, the richest of the rich have been able to exploit the tax system to get away with paying either NO taxes, or an extremely small amount of taxes. This has to be fixed, and a more fair and equitable system put in place. The loopholes that the rich and wealthy use have got to be plugged up. For this to happen, there's going to have to be a big change in policy which will be opposed by these fat cats, and don't forget that they own a lot of politicians, too. So you'd need to get them out of the way while you fix that damage.
As for expenditures, we've got two important factors. Long term and Short term. Short term, we can easily cut our military. We don't need to rule the world any more, in fact, we should be content with a military only twice the size of the next biggest country, not one three times the size of the rest of the world put together. Long term? We've got to figure out what to do with medicaid and medicare, because we're about to have a huge influx of elderly people that need medical assistance, and that's going to send the economy down the tubes even farther.
Fixing the national debt
Clearly no one knows
How do you fix a problem like the national debt?
No matter how we react to the national debt, it's still alive and well, and it is in dire need of a solution. The most intelligent politicians in the country can't figure it out (or those that can are largely ignored). So the real question is: how do you fix a problem so big?
Blog Redo
Sunday, February 19, 2012
Economy
My plan to decrease the national debt is to decrease our number or imports and bring industry back to America. This increase of available jobs will jumpstart spending. America was the most successful when it remained self sufficient. Our country needs to survive on its own. I also believe that we need to stop the power hungry congress men. America should its engagement in foreign affairs. The turmoil is just too much to bare. I don't even know what to say.
Education and Economy
I Just the Whole Economy
Now, you may be asking ourselves, "Coleton, it sounds completely logical, except what if we can't figure time travel out?". This is a perfectly understandable skepticism. But it was the feeling of adventure and curiosity that led us to the New World 500 years ago, and to the skies 100 years ago, and to space 50 years ago. So now its time to turn to your fellow patriotic American and say "Hey, let's put all of our money into a time machine and SAVE THIS NATION."
Fix the Economy
Here's my 150 words
Fixing the Economy for Dummies
Note: This is not serious.
Right now, we’re drowning slowly under $14.79 trillion of debt. Congress has spent the last few years cooperating in a fruitful way to find an answer that will make everyone happy, and I’m sure they’ll come up with a plan soon, but if not, I have a solution.
It’s simple. We kill the Batman.
Ignore that. We can actually use easy math and perfectly sound logic to solve the debt! I’m right because I have a high amount of ethos because I’m right. Don’t doubt me.
My idea is to use the smelted down materials of coins to fund the United States Debt.
Currently, we have about 200 billion pennies in circulation right now. Most pennies are either made of zinc or copper; from 1962 to 1982, they were about 95 percent copper and 5 percent zinc, and since 1982, they’ve been about 97.5 percent zinc and 2.5 percent copper. Also, we don’t really care about older pennies, since they’re probably in antique stores or something. According to the internet (which is never wrong), the average age of the penny is 20 years with a standard deviation of 10 years. That means that about 84.1% of pennies are post-1982, and 15.7% of pennies were made between 1962 and 1982.
Therefore, about 168,200,000,000 pennies are 97.5 percent zinc and 2.5% copper. With each penny being about 441.8 mm3, that would be about 88,360 m3 of pennies (enough to fill 35 Olympic swimming pools!). That’s about 3.08 grams of zinc and 99mg of copper in each 1982+ penny. That’s about 518,100 metric tons of zinc and 16,652 metric tons of copper. For the 31,400,000,000 pennies that were made between 1962 and 1982, I’ve calculated it to be about 118,000 metric tons of copper and 4,950 metric tons of zinc.
In total, we’d have 523,050 metric tons of zinc and 134,652 metric tons of copper. At the current exchange rate of about $7230.99 per metric ton of copper, we’d have about $973.7 million dollars in copper; with an exchange rate of $3400.00 per metric ton of zinc, we have $1,778.37 million dollars in zinc. That’s a total of $2,752,070,000 from the metal.
You might be asking, “Wait a second; don’t we only have about 200 billion pennies? That’s only $2 billion in how much they’re worth!”
That’s the point! That’s a profit of 752 million! Using pure and indisputable logic, we can only assume that if we convert all of our currency into pennies and do the same, that we can eventually make infinity dollars! And to think that this is all it takes!
Warning: This does not actually work. If we were to melt down pennies and sell all of the raw materials, it would eventually cost us more to turn them into raw materials than it would be worth in the end. Additionally, with the influx of copper and zinc, the prices would drop for both, eventually leading us to a net loss in money. One more thing – if we converted all of our money into pennies, we’d have to buy the copper to make it, which would also lead to a loss in profit. Too bad it doesn’t actually work. Our best bet would actually be to cut down on spending and increase taxes (Boo! Hiss!), and try to take a long-term approach to slowly rebuild the economy. But hey, I’m just a disclaimer. Ignore me.
debt, smh
The economy is a mess and the national debt is huge! There isn't one answer and one simple solution. It is complex and would take a long time and extreme brainstorming, but here are my thoughts. First of all, we can raise sales taxes and national salary taxes. This will give the goverenment more money. Next, we need to have a more strict credit system and not let people who are suspicious borrow a lot of money. That risks them not paying the government back. Only people that banks can one hundred percwent trust to pay them back on time should be allowed to borrow money. Also, new jobs need to be created in more areas. Jobs can be created for people by giving the unemployed training and get jobs and this would lead to more spending. This would help and new jobs and more spending would lead to more money for the US goverenment through taxes. Also, the companies cannot overproduce and lead to deflation. Finally, we need to be on better terms with other countries like China. We owe a lot of money to other countries, so being friendlier with them can help a lot. That is my plan for now.
the economy
Why don't we just take the debt crisis, and PUSH IT SOMEWHERE ELSE?
- The idea to tax the wealthy.
- All members of Congress and the Senate take a pay cut for a few years.
- Not to mention the billions of dollars our government spends on air, water, and roadways. If everyone who owned a vehicle that had an impact on the environment purchased some sticker or special license (renewed every year for approximately $20) it would most certainly take us our of our deficit.
- Employing people for public works projects, such as building and restoring bridges.
- Promote businesses in the U.S. by establishing a program that supports U.S. companies with U.S. employees. We need to create more jobs.
- Establish a PREVENTATIVE MAINTENANCE MEDICAL CARE SYSTEM. NOT a national health care system.
- We could even go as far as legalizing marijuana and taxing the heck out of it.
Collaboration with APUSH? (i think so)
#economyprobs
How to fix the economy? That’s a good question. If government officials can’t figure this out, I don’t understand how teenagers would be able to think of anything better. However, if I was in charge of fixing this problem, I would find small deserted islands all around the world and make them famous tourist destinations. Then, all of the extremely rich people in the world would travel to these islands and the United States would charge a ton of money to stay there. Over time, when one island gets boring, the U.S. can find another or begin to make islands. Then, people could purchase these islands and all of the money would go into paying off the U.S. debt. There are many people in this world who have more money than they know what to do with and this would be a new fun way to spend money and have fun. This would not be for everyone to experience and no tax cuts would be given to supporters of these islands, but it would be pure profit for our country (minus the cost of making the island). Is this idea realistic? Probably not. But at least it sounds like fun.
Mmmmmmm...Pie

Above you can see a chart of the discretionary spending by the federal government for 2012. Discretionary Spending is the kind that the president negotiates with Congress annually, not the kind that Congress votes into law.
Why do I care more about Discretionary Spending? Because it can be changed quickly and easily, without an act of Congress. I only have 3 suggestions.
- See that Military Spending section? It's a hog. Cut it down to size.
I'm not advocating a total elimination of the military budget. We still need a means of defense. But anyone seasoned in history understands that a bigger military does not guarantee a safer country. If that were the case, somebody would have conquered Switzerland and Liechtenstein a looooong time ago. And nowadays, with a global economy, that's even truer. Nobody wants to go to war with the U.S. because we are such a massive consumer that it would crush everyone's economy if we lost our vitality.
That being said, we need to set aside enough money to protect our homeland. But NOT to occupy any other countries. That just makes us enemies. A threat like the Taliban is like a virus; it's much easier to protect yourself than it is to try to find every virus in the world and kill it.
Speak softly and carry a big stick. - Fatten up the Education budget.
Who do you think creates the next generation of defense, as well as the next generation of . . . everything? Scholars. Professionals. People who take advantage of a complete education. People talk about China's unfair monetary policy and exploitation of U.S. consumption, but guess who's thinking up all those diabolical plans to dominate Uncle Sam? China's ridiculously superior students. The U.S.'s reputation as a leader in education only extends to universities. I won't go into how we should allocate education funding, but for starters we definitely need a lot more of it. It is the ultimate intelligent investment. - Eliminate private-government interaction.
This one has nothing to do with the pie chart above. I hope somebody remembers all the sins and lies I discussed in my final speech, but if you don't here's a quick explanation of why corporations and government need a restraining order.
We are under the impression that the people we elect are working to serve us, their constituents. We vote, we join interest groups, we exercise our rights, as we should. But if at any point in time a lobbyist or corporation influences our representatives, our democracy breaks. It is no longer a democracy but a totally different kind of government--a plutocracy. As soon as we eliminate all corporate-government interaction, then our government would have no reason to spend money for anything other than the interest of the majority of people. It isn't perfect, but it's the closest to it.
It's the Economy, Stupid
Americans care about the economy. In fact, they care about it so much, it's the number 2 result when you type in Google "how to fix the" - right after the red ring of death. When an entire nation is that eager and motivated to fix such a problem, who I am to not offer my five cents?
Even though I'm sure the nice folks at Washington are doing their best to forgo their differences and compromise to solve this issue, right after those men finish arguing over what the best course of action is for a woman's body.
Well, I know one thing is for certain. We can not touch the 725 billion nation defense budget. Because you know those terrorists are coming for us. It may not be today, it may not be tomorrow, it may not be in the next ten years, but you can bet your sweet bippy they're coming. September 11 is just the start.
It doesn't matter if Osama is dead. It doesn't matter if al-Qaeda is in decline. It doesn't matter if it's statistically 8 times more likely for you to be killed by policemen than terrorists. We need to be protected from those dang Muslims.
So how do we fix the economy? Education cuts, of course. Our kids are smart enough as it is. Right now, America is ranked ~20th in education worldwide. There's like 196 countries in the world. We are almost in the top 10%! Take that, Nigeria! Our kids are smarter than your kids.
Don't worry, the Kentucky government has already taken the initiative on this. This year, our brilliant leader Steve Beshear is cutting 50 million dollars from the education budget to fund a creationist amusement park featuring a 500 foot by 75 foot recreation of Noah's Ark.
That is exactly what I'm talking about! Beshear has the right idea. Those stupid kids can learn how to integrate functions on their own time. My man Noah fit on his boat:
- 8 people
- 17,400 birds
- 12,000 reptiles
- 9,000 mammals
- 5,000 amphibians
- 2,000,000 insects
- a year supply of food for everyone
The amount of historical accuracy in this recreation is mind-blowing. It is important that we get our priorities straight, and celebrate what a great guy Noah was. Heck, I bet if Noah was alive today, he could fix the economy!