More info on wikipedia: SABRE Rocket Engine

>> ^Sagemind:

On that same note, why are these workers staying with these employers.
After the first check is missed, they should be "Out the door."


Because a lot of these jobs are low skill. Since we have high levels of unemployment, there is no shortage of people looking for jobs. So employers have all the power. If you don't want to deal with the company, they can easily find ten people who would be willing to have the job you vacated. Plus I would imagine that a lot of these people don't have the money to hire a lawyer to effectively sue the company.

The video also mentioned about subcontractors who hire illegal immigrants, then call the police on themselves before paying them. I would imagine any fines imposed would be less than the money they saved by not paying the wages. Since our immigration process is such a mess, these people have little recourse to fight that due to being here illegal (when they likely should be here legally).

>> ^Spacedog79:

I seem to have been downvoted quite hard for that one, I guess people didn't get the point I was trying to make is where do you get that money for government spending? This is the fundamental problem with our current system, it can only come from the government borrowing, thereby ultimately increacing our debt and inevitably leading to bankruptcy. The idea that we can continue to grow ourselves out of this economic hole is ludicrous and has caused enough environmental and social destruction as it is.
The ONLY solution it for government to STOP borrowing and start issuing money in the public interest without debt. Usury as a means of financing a nation must be sent back to the history books where it belongs.
>> ^sigmel:
>> ^Spacedog79:
Was going so well till he hit #4, spend more before paying down the debt? Nice one genius, how do you spend more under the current system without the goverment borrowing it and creating even more debt than they borrowed. Epic Keynesian fail.
Who's paying this guy, and what interest do they have in the debt based money system?

The idea is that you spend money to create growth (like an investment). Say the government spends $50k to fund a project that will create jobs that result in $10k in taxes a year. In five years you break even, and after that you start making money (ie, a good investment).



To be fair, I wasn't one of the ones who downvoted; I was just trying to explain as I understood it. You get the money for government spending by creating more money. Our interest rates on our bonds are very low right now, so there is no immediate inflation concern. This would have the effect of devaluing our money, but that could help us in terms of making our exports more competitive. If you borrow to create growth, then you should be creating enough in order to cover the initial cost and interest in due time.

Considering that we have such high unemployment, then I feel that using growth to get us out of this is very valid. If unemployment were a lot lower, then obviously we wouldn't have much in the way of ability to grow. But considering we need employment and increased tax revenue, I think creating jobs would be a good move to solve both problems. I also think it is possible to do this in a way that isn't detrimental in an environmental or social way.

>> ^Spacedog79:

Was going so well till he hit #4, spend more before paying down the debt? Nice one genius, how do you spend more under the current system without the goverment borrowing it and creating even more debt than they borrowed. Epic Keynesian fail.
Who's paying this guy, and what interest do they have in the debt based money system?


The idea is that you spend money to create growth (like an investment). Say the government spends $50k to fund a project that will create jobs that result in $10k in taxes a year. In five years you break even, and after that you start making money (ie, a good investment).

>> ^quantumushroom:
Federal government wastes half of every tax dollar. So what's this magic millionaire money going to do that the spending addicts haven't done already?

Looking at your link, it appears that is just a poll of people's opinions, not fact. While I imagine there is definitely waste, 50% is likely way overestimating it.