Writer's Block

Protecting America from another financial catastrophe

What can the government do to protect America from another financial catastrophe?

Answers (207)

  • More government regulation. Allowing the finance industry to regulate itself was moronic, and I can't understand how anyone thought that was a good idea. Also, the banks need to go back to serving the people, rather than being profit machines. And the economy needs to be based off of different ideas-the exponential growth model is not sustainable. I'm kind of unhappy that most of of the responses to this have been for the government to do "nothing" or "not interfere" when that was part of the problem to begin with. *sigh*
  • The government can not really protect people from a financial disaster. The only thing I think they should improve on is trying to watch big companies that move money to avoid paying taxes and or embezzling money.

    A very simple and obvious solution, give money to the common man instead of the businesses.  Businesses are just going to try to use it to compete with other businesses and try to put them out of businesses.  If you give the money to the average citizen, then they will buy more things and help stimulate the economy.  That isn't a very hard concept.  If a 16 year old can come up with that, why can't everyone in congress? 
  • Stop interfering.

  • Uh nothing ?
  • Cut ALL federal agencies that are not expressedly permitted in the Constitution of the United States. This will result in government expenditures possibly trillions (or at least in the high hundreds of billions) of USD less. Starting with the As in the A-Z list (http://www.lib.lsu.edu/gov/alpha.html): Accounting and Auditing Policy Committee (AAPC) Acquisition Department Acquisition and Assistance Management Services Administration and Resource Management Administration for Children and Families Administration on Aging Administrative Committee of the Federal Register Administrative Law Judges Administrative Office of the U.S. Courts (Federal Judiciary Homepage) Administrative Offices Administrator Advanced Technology Program Advisory Committee on Student Financial Assistance Advisory Council on Historic Preservation Aeronomy Laboratory African Development Foundation African and Middle Eastern Reading Room AgExport Services Division Agency for Healthcare Research and Quality Agency for Toxic Substances and Disease Registry Agricultural Labor Affairs Coordinator Agricultural Marketing Service Agricultural Research Service -ARS Air Combat Command Air Education and Training Command Air Force Agency for Modeling and Simulation Air Force Audit Agency Air Force Center for Environmental Excellence Air Force Civil Engineer Support Agency Air Force Communications Agency Air Force Historical Research Agency Air Force History Support Office Air Force Information Warfare Center Air Force Inspection Agency Air Force Institute of Technology Air Force Legal Services Agency Air Force Materiel Command Air Force Medical Operations Agency Air Force Medical Support Agency Air Force News Agency Air Force Office of Scientific Research Air Force Office of Special Investigations Air Force Office of Survivor Assistance Air Force Personnel Center Air Force Real Property Agency Air Force Research Laboratory Air Force Reserve Command Air Force Reserve Officer Training Corps (AFROTC) Air Force Reserve Personnel Center Air Force Safety Center Air Force Services Agency Air Force Space Command Air Force Special Operations Command Air Force Studies and Analyses Agency Air Force Technical Applications Center Air Intelligence Agency Air Mobility Command Air National Guard Air Resources Division Air Resources Laboratory Air University Air Weather Service Aircraft Technology Albuquerque Operations Office Alcohol and Tobacco Tax and Trade Bureau Alternative Farming Systems Information Center American Battle Monuments Commission American Folklife Center American Forces Information Service American Indian Liaison Office American Indian and Alaska Native Affairs Desk American Memory Ames Laboratory (AMES) Ames Research Center Anacostia Museum and Center for African American History and Culture Animal Welfare Information Center Animal and Plant Health Inspection Service Antitrust Division Appalachian Regional Commission Architect of the Capitol Architectural and Transportation Barriers Compliance Board (Access Board) Archives of American Art Arctic Research Commission Argonne National Laboratory (ANL) Armed Forces Radiobiology Research Institute (AFRRI) Armed Forces Retirement Home Army Financial Management Army Materiel Command Army Medical Department (AMEDD) Army Research Laboratory (ARL) Army Review Boards Agency (ARBA) Arthritis and Musculoskeletal Interagency Coordinating Committee Arthur M. Sackler Gallery Arts and Industries Building ArtsEdge Asian Division Reading Room Assistant Secretary Fish and Wildlife and Parks Associate Administrator for Commercial Space Transportation Atlantic Oceanographic and Meteorological Laboratory Now, the examples with strikethroughs are agencies that should be cut. Completely dissolved. Notice, also, that the Air Force agencies are also cut. The formation of the Air Force was an unnecessary and purely political invention that has cost America into the trillions. All Air Force assets should be unequally distributed between the Army (where the Air Force came from) and the Navy (which has better fighter pilots, in the opinions of many experts in the field). The schools, educational, technological and qualifications standards of the Air Force should remain, but the separate branch should not, which would save the US government/taxpayers billions. In the 2007 budget, $130.2 billion ($130,200,000.000.00 USD) was spent that could've been saved. Further examples of cuts: Main: Humanities & Social Sciences Management Service Office Manpower and Reserve Affairs Manufacturing Engineering Laboratory Manufacturing Extension Partnership Manufacturing Technology Division Manuscript Division Mapping and Analysis for Public Safety Marine Corps Combat Development Command Marine Corps Recruiting Command Marine Corps Systems Command Marine Corps Uniform Board Marine Expeditionary Units Marine Mammal Commission Maritime Administration Market Access Compliance (MAC) Marketing and Regulatory Programs Marshall Space Flight Center Materials Management Service (MMS) Materials Science and Engineering Laboratory Materials Science and Technology Division Mathematical, Computer, and Information Sciences Division Measurement and Standards Laboratories Mechanics and Energy Conversion Science and Technology Division Medical Science and Technology Division Medicare Payment Advisory Commission Merit Systems Protection Board Miamisburg Environmental Management Project (Mound) Microform Reading Room Mid-Pacific Region Migratory Bird Conservation Commission Mike Monroney Aeronautical Center Mine Safety and Health Administration Minerals Management Service Minerals and Geology Management Minority Business Development Agency Missile Defense Agency Mississippi River Commission Moffett Federal Airfield Morris K. Udall Scholarship and Excellence in National Environmental Policy Foundation Motion Picture and Television Reading Room Motor Carrier and Highway Safety Not all cuts are absolute eliminations; some are results of agencies being rolled into other, pre-existing agencies. And yes, I believe that social security, medicade, medicare and any similar program should be eliminated. The Constitution of the United States does not give the federal branches the power to social engineer or the power to administer to citizens cut-rate medical care. THAT IS THE JOB OF THE STATES. STAT-USA (formerly Office of Business Analysis) Safety Division Saint Lawrence Seaway Development Corporation San Francisco Region Sandia National Laboratories Savannah River Ecology Laboratory Savannah River Operations Office Savannah River Site (Westinghouse) Science Reading Room Science and Technology Seattle Region Second Circuit via FindLaw Second Circuit via Touro Law Center Secretary of Energy Advisory Board Secretary of State Secretary of the Interior Secretary's Representatives Securities and Exchange Commission (SEC) Select Committee on Technology Transfer to the People's Republic of China Selective Service System Senate Historical Office Senators on the Web Senior Executive Service Sensing and Systems Division Sergeant Major of the Marine Corps Seventh Circuit via FindLaw Seventh Circuit Ship Hull, Mechanical, and Electrical Systems Science and Technology Division Simplified Tax and Wage Reporting System (STAWRS) Sixth Circuit via Emory University School of Law Sixth Circuit via FindLaw Small Business Administration (SBA) Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) Division Small and Disadvantaged Business Utilization Smithsonian American Art Museum Smithsonian Astrophysical Obesrvatory Smithsonian Institution Social Security Administration (SSA) Social Security Advisory Board Southern Command Space Environment Center Staff Judge Advocate to the Commandant Stanford Linear Accelerator Center (SLAC) State Justice Institute State Offices Stennis Center for Public Service Stennis Space Center Strategic Command Strategic Petroleum Reserve Strategic Plans and Policy Directorate (J-5) Strike Technology Division Study of the U.S. Branch Substance Abuse and Mental Health Services Administration Subtropical Agricultural Research Laboratory Superintendent of Documents Supreme Court via FindLaw Supreme Court via The Oyez Project Surface Transportation Board Surveillance, Communications, and Electronic Combat Division Susquehanna River Basin Commission Scientific research entities, including such things as the National Aeronautics and Space Administration should be taken over by the private sector. The government has no business in scientific exploration, nor education, nor running businesses. It always fails, due to intractable bureaucracies and kilometers of red tape. Additionally, foreign aid should be, for the most part, eliminated, as well. Unless you're looking at dire, Humanitarian disasters, there is no need for the expenditure of taxpayer funding for this. An additional way of providing to help attenuate such things as recessions (including the current one) is tax cuts. A quarter (3 months) absolutely free of federal taxation puts a lot of money back into both corporate and citizen pockets. Tax cuts on corporations allows them the resources to expand and grow, which, in turn, makes spaces available called jobs. All this may sound harsh, but it would work, in spite of Obama's protestations, and the protests of the tax-and-spend leftists. The people (American citizens) must be taken off the government dole, cold turkey. 'No nation has ever taxed itself into prosperity.'
  • It's not the government's job to protect us from financial catastrophe, and, if the government would BUTT OUT and let the markets work, it wouldn't have to.
  • Simple really, stop operating.
  • Stop causing them.
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