MONEY, GOVERNMENT, AND TRUTH

We must remember the country’s debt isn’t the 36 plus trillion we owe at this moment in time. It is around 166 trillion counting unfunded obligations. It has taken us 100 years to acquire this debt, a massive portion in the last 30 years.

Taxing the rich, I have noticed our leaders, both democrat and republican, fail to tell the true story. The only people paying real taxes are the high-wage earners and the rich. When you consider the amount of money the government rebates back to the citizen, only the high wage earners pay a nickel, and all other citizens are rebated more than they are taxed; some on the lower wage earners rebated more than 56 percent of what they paid in. (basically, 40 percent of the population is supporting the whole) Printing worthless money will cause inflation. Savings will be eroded, countries, people, and foreign governments will stop lending.

HOW DO WE FIX;

Must we first have a plan? One cut the budget 10 percent across the board, leaving nothing out, no adjusting for inflation, straight 10 percent. Hold spending for four years. At the end of the 5th year, the budget will be balanced. It took 100 years to get into this situation; it will take 50 or 60 years to get out. The country’s growth will fix the dollar figures as long as we can lead and maintain a balanced budget. After five years, we can adjust our spending to the actual growth of GDP.

Of course, this is simplified to have everyone be able to understand. Many programs can be eliminated in our correction course for the nation. We must remember doing nothing throwing our hands in the air, only doom our children of the future. NO PLAN, NO ACTION, EQUALS FAILURE!!