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December 9th, 2013
07:17 PM ET

Gingrich's ideas for the economy

Hawaii Gov. Neil Abercrombie responds to Newt Gingrich's ideas on how the U.S. can break out of the economy.

WATCH: Is there a grand bargain to avoid another shutdown?

soundoff (14 Responses)
  1. James

    Usually, when there is a problem you look at what created the problem and address the cause. Concerning the economy, we know what caused the problem. It was caused by money speculators, massive tax cuts for the very rich and financing 2 needless wars.

    The solution is to undo those things. Eliminating the tax cuts for the rich and requiring the TARP corporations to actually repay tax payers would be good steps. Tough regulations on banking and trading to prevent future looting of taxpayers would help as well.

    Progressive work to stop the ultra-rich from exercising the extreme control they have over the democratic process would solve the actual causes of these and many future problems because they won't stop - and they never have enough - and they don't care how many people are hurt, suffer or killed in their relentless quest for more and more money that they do nothing to deserve. The affordable care act is a policy that will save money if it isn't corrupted to the point on being non-viable by sociopaths and their stooges. Our democracy is literally drowning in a sea of lies and hyperbole financed by them.

    "Entitlements" didn't create the problem and cutting them won't solve the problem.

    December 16, 2013 at 9:35 am | Reply
    • Joe M.

      Yup, housing, Fannie, and Freddie had nothing to do with this. D umb and blind is no way to go through life. When you are so ignorant as to completely distort what caused a problem, your "solutions" are discounted immediately.

      December 19, 2013 at 9:07 am | Reply
      • James

        I agree. Dumb and blind is no way to go through life.

        December 23, 2013 at 8:50 am |
  2. wesley willis

    Unemployment extended and minimum wage increase: To my knowledge , unemployment benefits was set up as a temporarily program to help people get through a rough time because of being unemployed through no real fought of their own , not to become as a full time job as some in Congress seem to think. Continued extending payments for this program seems to keep more people on it that to help get them off. To my knowledge , minimum wage was set up as an entry level position to a job that would be fair to employee and employer , not to make it as a permanent amount for people to live on for the rest of their lives, as some people seem to want. Increasing the minimum wage at unreal amounts, hurts young people from getting that first job and makes Companies cut their work force back. There would seem to be other solutions out there that would help people if our leaders could ever get together and look for them instead of always looking at solutions as my way or the highway.

    December 11, 2013 at 11:23 am | Reply
  3. Gunderson

    Um,
    Why we need anything? Aw. so. Big Liberal solution's not working. Now why that? Ok, here solution. Get rid Obama Care, extend Bush Tax Cuts for at least 10 more years. Jobs come back. No like? Ok, have it your way.

    December 10, 2013 at 3:50 pm | Reply
  4. steve

    Let me guess. Tax cuts for rich people and cut food stamps.

    December 10, 2013 at 3:37 pm | Reply
  5. David Thelen

    So the solution, in my opinion of government entitlements should be set up as a hybrid. As in all sciences, you should replace one program to another not in one big step but that of in a smooth replacement. Calculus will show this replacement. I believe the best approach to entitlements should be done in a smooth transaction.
    For example, you may begin with the math formula of 100 percent government pay and 0 percent paychecks. Your final goal will be that of 0 percent government pay and 100 percent paychecks. You place the costs amount on the Y-axis and time on the X-axis. Then you use calculus to determine this transition.
    Face it, we humans are resistant to change. You must include education to change how people do things and how they get paid. It will take a minimum amount of time to accomplish this. Businesses should be contacted to hire people who may have long unemployment time due to being on these entitlements programs and/or for other reasons. The government payments would subsidize these paychecks and on the job training at above 100 percent at first. Then these government payments would be completely replaced by paychecks afterwards in a smooth way. Then you teach a man how to fish as time goes by. These new skills may be in car repair, healthcare and construction, just to name a few. There is something magical about learning new skills that contributes to a person's "pursuit of happiness." They should greatly expand this on the job training to reach people.
    In addition to this, I heard a General once said, even if you want to install clean water system in a third world country, you must first ask the locals for input. Then you may make changes without so much resistance from those people. I believe we must first ask people for input who are on these entitlements the challenges they are having. How do you write a resume with such long periods of no employment for example?
    So the solution, in my opinion of government entitlements should be set up as a hybrid. You begin with 100 percent government spending and on the job training then turn it to 100 percent paychecks in time. Then you may change the momentum in people, at the same time you may cause more people to find that "pursuit of happiness." Who knows this pursuit may also greatly reduce drug/alcohol abuse, family breakups and other social ills at the same time. Then we will all win in more ways than one.

    December 10, 2013 at 8:45 am | Reply
  6. ProtectAmericanJobs

    This new TPP "free trade" deal is Traitorous.

    Our leaders need to start remembering that they are elected by the Citizens of the United States of America to represent the interests of those citizens and the country itself. – They are NOT elected by the Global Market Place or foreign citizens!

    Let's face it – Over the last 2-3 decades, both parties have been selling out the bulk of the American citizens, who they're supposed to represent, by allowing the incursion of illegal aliens (cheap labor) and the "out-sourcing" floodgates to open wider and wider without taking any sensible measures to stem the tide.

    On the US Department of Commerce's US Census Bureau website there's a graphic showing how our trade imbalance has gotten progressively worse over the entire period from 1989 to the present and how it's really accelerated at an increasely greater rate each year since 1999. We can thank "our leaders" and the WTO for that.

    See for yourself: www(dot)census(dot)gov(slash)foreign-trade(slash)balance(slash)c0004(dot)html

    Check it out and figure it out for yourself. If these "free trade" agreements were so good us, why did our trade deficit keep getting larger and larger during this span of time.

    Increasely way more money going out versus coming in every year.

    And how has this been working out for the American people and the Real American Economy?

    It's not rocket science.

    The ONLY REAL FIX for Our Country is to Raise Revenue by Bringing Back Jobs to US Citizens who Pay Income Tax.

    The bottom line is that "Our Government" has to protect domestic industry and the jobs that those industries provide. If they do that, the rest will take care of itself.

    We may have to pay a bit more for products made here in the USA by US citizens, but at least we'll still have jobs and a future for our children.

    December 10, 2013 at 12:50 am | Reply
  7. max

    Van he is not yours he is ours! For some one thinks the USA did 9/11 you need to grow up.

    December 10, 2013 at 12:16 am | Reply
  8. The GOP Solution

    The GOP Solution: Turn all the Old, Sick, Poor, Non-white, Non-christian, Female, and Gay people into slaves. Then whip them until they are Young, Healthy, Rich, White, Christian, Male, and Straight. Or until they are dead. Then turn them into Soylent Green to feed the military during the next "unfunded/off-the-books" war. And don't forget the GOP all time favorite..........TAX CUTS FOR THE RICH!!!!

    December 9, 2013 at 11:26 pm | Reply
    • wesley willis

      The DNC solution: Make all the Young, Healthy, Rich, White, Christian, Male, and Straight people give pay checks to all the Old, Sick, Poor, Non-White, Non-Christian, Female, and Gay people for doing absolutely nothing and fund all their expenses and increase these amounts on a yearly basis until they die. And the DNC all time favorite : have tax payers(the government) pay for everything, that is the Young, Healthy, Rich, White, Christian, Male, and Straight people .

      December 11, 2013 at 11:03 am | Reply
      • Epic Fail

        You're such a Christian.

        December 16, 2013 at 11:11 am |
  9. Jerry Colburn

    Your discussion on extending federal unemployment insurance lacked crucial information, historical, political, and especially economic.

    You failed to mention, for example, that 95% of the money spent for recovery went to the upper 5% of household wealth. This recovery was not Keynesian but rather sowed and fertilized the sources of campaign contributions.

    December 9, 2013 at 10:01 pm | Reply
  10. Jerry Colburn

    Your discussion on extending federal unemployment insurance lacked crucial information, historical, political, and especially economic.

    You failed to mention, for example, that 95% of the money spent for recovery went to the upper 5% of household wealth. This recovery was not Keynesian but rather sowed and fertilized the fields of campaign contributions.

    December 9, 2013 at 10:00 pm | Reply

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