Many do. To play devil’s advocate, do “stadia” not create jobs? Alternatively are airplanes outside of pilot circles always considered “good products”? .... I don’t care. Should government build airports? Any billionaires own any aviation businesses?
I've seen some good research that shows building stadiums is actually a negative return on money for the local economy.Many do. To play devil’s advocate, do “stadia” not create jobs? Alternatively are airplanes outside of pilot circles always considered “good products”? .... I don’t care. Should government build airports? Any billionaires own any aviation businesses?
And I’ve seen “good research” that shows building airports leads to burning fossil fuels by the metric buttload, which is theoretically bad for the environment. I also have friends who opened a bar near a stadium and they make hay while the sun shines. I think I’ll go with I’ll be out burning some fossil fuels in the sky tomorrow, going absolutely nowhere, and not worrying about the stadiums. Maybe one of the bar owners will want some flight lessons. Ha.
Localities give so many subsidies and tax breaks that it actually costs money to have the stadium there. Yes, some local businesses will make money but in total, the overall cost is negative.
And? Our entire Federal government is operating in the red. People want that. We haven’t been affording our lifestyle in my lifetime. ‘Merica loves debt. I like airports, other people like stadiums. Oh well. My glass house looks a lot like theirs. For the record, I have zero personal debt, and am fine if folks want goooooberment to operate the same way. But I don’t see that happening in my lifetime. The Ponzi scheme that most folks want, and think is normal, will operate until after I’m dead, I figure.
I do understand your point, but most folks who are expecting checks from the sovereign tend to get a little cranky when said sovereign doesn’t write their pension checks.
On a larger scale, Greece tested that, and found folks didn’t quite let them off on their politician’s promises.
I do understand your point, but most folks who are expecting checks from the sovereign tend to get a little cranky when said sovereign doesn’t write their pension checks.
I do understand your point, but most folks who are expecting checks from the sovereign tend to get a little cranky when said sovereign doesn’t write their pension checks.
Heh. Yeah. A friend didn’t find it too comical that he needed to pay payroll with them. As it relates to the thread, though, to keep it on topic, Boeing’s main problem seems to be that our government won’t go quite as much into the Citizen’s pockets for them as their European competitor’s governments will. So essentially Europeans are willing to fight debt with more debt. Ha. Big game of chicken and floating really big checks. I’m not sure where this “normal world” you suggested exists somewhere, is located. I’m pretty sure it’s right here. Corrupt governments and monetary games is pretty normal in most of human history, at least since currency was created.
Greece paid neither, and government supported the banks rationing cash for a period of time to their Citizens as well. ... China has much easier ways to cripple us than shooting at us with nukes or any other munitions. It’d take us quite a while to rebuild our electronics manufacturing infrastructure if they just embargoed us, for example. And their Citizens wouldn’t likely complain too loudly about the loss of revenue for fear they’d be shot, since they really don’t have any qualms about that. Plus they’d be doing it because we didn’t pay, in this hypothetical “sovereign debt is meaningless” scenario. Meaning, if we weren’t paying, other sovereigns who were paying, would be in full support of said embargo. ... Chinese investors completed their purchase of Diamond Aircraft, I hear. As a related “aside”. ... Europe/Airbus wants to beat us. Brazil doesn’t want us. China doesn’t need us. China has bought up most of the US aircraft manufacturers of old and new. And our citizenry isn’t big on subsidizing them at the level European politicians can get their citizenry to agree to. ... Makes life “entertaining” for Boeing, I guess. (By the way “...” is where a paragraph break should go, but tapatalk is broken here.)
Yes. But you prefaced that statement with stuff about nukes. The insinuation was they’d start shooting over debts. They’ve already got strategic options that would plunge us into a recession and smash our currency if we were stupid enough to stop paying them. Nuking the cash cow is not in their best interests. Feeding it and milking it is.
Good thing we don't owe North Korea money.