Well they are finally admitting there are no jobs,but no because...

[CK_John]

The because is cyber-era productivity is only creating jobs for about 50% of the work force.

The first step to way out of this economic problem is is reduce to SocSec to age 50.

[eridani]

1. And rethink work

Slash work hours while maintaining the same level of pay. Maybe pay out citizens' dividends regardles of age?

[yeoman6987]

2. The first step to way out of this economic problem is is reduce to SocSec to age 50.

I would love that. However, I don't see how Social Security could be maintained if everyone starts collecting after 50 and lives until 90. Forty years of collecting from at most 32 years of giving towards the program and that is if you start work at 18 and don't take any time off during the 32 years. Also today a retiree receives about 1300 dollars a month. If you retire at 50 would you receive 800 at most? Interesting theory but would have to be studied more to see if it was doable.

[Scuba]

3. Of course it's doable. We can afford it easily. We would need to make different ....

... choices regarding taxation and spending, but there's plenty of money if we have the political will.

[CK_John]

7. Just because 50 and out is an option doesn't mean you can still work or start a business.

[El_Johns]

8. You'd have to take some profits away from the 1%ers who take home 25% of income. That would

be difficult.

[CK_John]

9. Money will act in their interest and this would be in their interest.

[woo me with science]

12. Nonsense. Nt

[CrispyQ]

4. "Citizen Dividends"

Love the framing!

Nixon advocated a guaranteed annual income. It wasn't much, but as a citizen of the country we should all be allotted something of the treasury. If a government does not take care of it's citizens, what good is it? Why pay to "protect" citizens with a burgeoning military if the citizens at home are homeless & starving? I think government should provide all of the following:

three hots & a cot
k-college education
health care
child/elder care
a comprehensive public transportation system
a basic communication package, including internet

I don't know how to work out the logistics, but this could be done. We could demand this if people would just get over their fear of taxes. If we could get the repubs & some well to do dems to get over the fear of someone getting something they don't deserve, or someone getting something more than they get, this could happen.

Guess my morning bud just kicked in.

[Hotler]

5. The military is only around now days to....

protect corporate interest around the globe. The PTB do not care about you and I. They only care about where their next easy dollar is coming from. They knew about the attacks on 9/11 and sat back and did nothing. They needed a war(s) to give more money to the MIC.The 3,000 people that died that day was just the cost of doing business. Dick Cheney and his Neocon friends do not care.

[FatBuddy]

6. it's easier for them to just put more people in prison

[reformist2]

10. This ought to be a GOOD thing! It's our stupid economic system that turns it upside down.

Our economic system is based on the assumption of scarcity - that there's always a need somewhere for something, and more importantly, someone's labor. Even if one industry shuts down, there always will be another to come along and pick up the slack in demand for labor. Or so they always said. Our economic system isn't equipped to deal with a world of plenty where less than half the adults need to work to keep things going, and the new industries don't create millions of new jobs, but only a few thousand.

[CK_John]

11. This is a world problem and it will take at least 30yrs to adjust.