Hours after Greece's lawmakers approved severe austerity measures, Arianna appeared on Monday morning's edition of "CNN Starting Point With Soledad O'Brien," discussing what it will take to improve the U.S. economy.
"The problem is that if we don't grow the economy, we will not be able to get out of the debt crisis," Arianna said.
Arianna added that Greece's protests are a product of no path to growth, emphasizing that cuts alone are not enough to improve the economic situation.
"The agreement that was passed by Parliament sees Greece growing by 2013," she said. "No way. The same with America. If we don't grow, it doesn't matter how much we cut. We cannot cut enough to fix the debt crisis."
Watch the clip below, courtesy of CNN.
Nations, states, counties, school districts, hospital districts and cities should un-incorporate or declare bankruptcy if they cannot pay for the costs of their bureaucratic payrolls, infrastructure construction contracts, and their other bureaucratic benefits and bureaucratic retirement pensions, even if previous elected administrations committed the current taxpayers to pay the bureaucrats whatever previous elected politicians contracted for and obligated the current citizens to pay those costs.
I believe that it would be totally unfair for Federal funds to be spent to pay local public sector bureaucrats salaries and benefits for their teachers, water system operators, sewage treatment plant operators, police, firefighters, street maintenance, infrastructure replacement contractors, and other similar services.
The local residents should limit the number and the cost of these bureaucrats, infrastructure systems and services to the cost that the wealth producing taxpayers could afford.
The costs of local government bureaucracies are destroying municipal and state governments.
Only after the early pioneers and settlers could produce enough necessities of life (food, shelter, clothing) for themselves and had an excess to also support a (rudimentary) civilization, they would then combine their meager resources/or and confiscate taxes themselves to hire public sector bureaucrats as teachers, soldiers, water system operators, police, firefighters, and other services but they limited the cost of these bureaucrats to the number and the bureaucrats pay that the wealth producers could afford and/or wanted to support.
The producers would also pool their resources and hire contractors to construct roads, bridges, water systems, sewer systems, and other infrastructre that allowed the producers to become more productive.
These tax supported government bureaucrats and government contractors did allow the producers to become more productive by relieving the producers of having to worry about providing those services for themselves (and for the producer’s families), but the producers limited their expenses for bureaucratic provided services to the limitations governed by the amount of tax revenues that they wanted to pay.
The principle of limiting the amount of wealth that can be CONFISCATED from the wealth producing workers via taxes to pay for bureaucratic services and government contracts is still applicable.
Only a tiny percentage of US college students are pursuing STEM degrees that might create US citizens that might be capable of converting "natural resources into goods, or to provide services" to sustain life in the USA.
They are also able contribute that money to their favorite-bought-and-paid-for political representative. I suppose coprporations are people who have a "right to life" and are more deserving of the "right to a living." I suppose corporations and their wealthiest execs are more deserving and, therefore have more rights than WE THE PEOPLE.
Irregardless of political designation, we (the evaporating middle class) can not repair our country financally. Those with money (Congress comes to mind) and those with power (Congress comes to mind) are much more promising prospects.
Privately held NATIONAL WEALTH is made, created, and/or acquired mainly (maybe only) when the members of a family (or the citizen businessmen of a nation, city-state, island, tribe, etc.) perform one or more of the following tasks:
1. plant, grow and/or harvest something of commercial value from the earth;
2. extract something of commercial value from the earth;
3. manufacture something of commercial value that is consumable
4. construct a building that is permanently useful for rental income;
5. provide professional services (medical, legal, dental, engineering, architecture, land surveying, technology, accounting, etc.);
6. collect payment for patent and copyright uses;
The members of that family (tribe, state, nation) can then reflect the amount of their real NATIONAL WEALTH and financial security with their net positive accumulation of privately owned grain, gold, cattle, jewels, land, buildings, hotels, casinos, factories, commodities and/or other marketable products that are then available to be used for economic security for reserve use in times of emergency, to raise the standard of living for the members of that family, and also be available as collateral (products, commodities and/or title to locally in-country located assets) for any printed currency that they might care to issue and/or any Treasury Bonds that they might care to print and sell.
NATIONAL WEALTH is almost the ONLY WEALTH AVAILABLE to be CONFISCATED in the form of TAXATION bu governments in order to create funds to build and operate schools, streets, water and sewer systems, pork barrel projects, green projects, infrastructure projects, wars, streets, bridges, highways, welfare, unemployment, police, courts, prisons, fire fighters, social security and other non-wealth creating government provided bureaucratic services for that family, tribe, city, state, or nation, EXCEPT for borrowing money and obligation future tax collections to repay those loans (Treasury Bonds).
Your economic position is really "on point".
Sustainable Capitalism means that a nation has sufficient NATIONAL WEALTH continuously generated in their nation that is sufficient for the taxing authority to CONFISCATE a portion of that NATIONAL WEALTH that was created by the private sector businesses, plus an additional amount taken through sales taxes, property taxes, tariffs, etc., to pay for their government activities.
The main (almost the only) source of money to pay for federal, state, county, municipal, school district and other various government taxing authority payrolls and contracts is to CONFISCATE a portion of the NATIONAL WEALTH that was created by the private sector businesses, plus an additional amount taken through sales taxes, property taxes, tariffs, etc.
The USA government cannot continue to exist by borrowing money that is raised by mortgaging (selling freshly printed paper US Treasury Bonds that can be redeemed for title to) our privately owned NATIONAL WEALTH that includes businesses, factories, casinos, hotels, farms, land, ports, refineries, forests, ports, breweries, distilleries, and other privately owned wealth and assets located in the USA that were created by previous US generations prior to de-industrialization in order to pay these foreigners to manufacture our imported products that we consume and also to pay for growing US government expenses that are in excess of our federal tax collections.
Maybe a national sales tax (consumption tax) would allow the Federal Government to lay off most of their IRS employees.
Maybe uncooked groceries and clothing items less thgan $10.00 could be exempted.