We need to be clear about something: there is no plan being discussed seriously anywhere which anticipates a year or time when our Federal government only spends what it takes in in taxes. As I understand the matter, Paul Ryan’s plan takes 25 years to balance the budget, and it is being vigorously opposed as a big meany-head “grandma can just eat dogfood” GOP monstrosity.
25 years. To only spend what we earn. And it is STILL unacceptable.
Think about that. We are supposedly going to take in $3 trillion in taxes in 2016, and spend $3.5 trillion. Something like that. That is the projection. What if we only take in something like $2 trillion–our historical norm over recent history–and STILL spend $3.5 trillion? Much of the money being spent is more or less on autopilot, unless “tampered” with by Congress. You figure out peoples age and contributions, then checks for Social Security, and reimbursement of Medicare expenses go out automatically. Congress does not budget that money, as I understand it, although they have periodically voted in increases in payments for political purposes, money spent that was not contributed by the people getting it.
This is a train heading towards a bridge that is gone. The direction has been the same since FDR, and Obama is just accelerating.
Do we want to fail as a nation, or not? That is the question. In my view, not even Paul Ryan’s plan is serious. We will have suffered catastrophic financial problems in the next 25 years. Everything he does is based on baseline assumptions that in my view will prove wrong. The task he set himself was creating something that was politically palatable, but as we can plainly see, it isn’t, at least not to this crop of Democrats, who show no signs of disappearing. Hell, Obama still has a 40% approval rating. All the major networks except Fox are covering for him. They could ruin him in a week, but choose not to, for a variety of reasons, that presumably include primarily an inability to foresee the actual consequences of his policies on the poor, the downtrodden and the sick.
I will repeat: my plan, or something like it, is in my view the only viable way to protect this nation, and protect justice and freedom the world over.
When I see someone talking about managed hyperinflation, which self evidently will provoke strong reactions (hell everything that isn’t cookie cutter will piss somebody off, this is a fact of life and of no more concern than the fact that we have to eat to live; it is what it is), then I will know progress is possible.
Who are you?
A word of advice: learn economics top to bottom, to defend this. Particularly study the history of Weimar Germany, what the inflation accomplished, and how it was ended. My proposal goes beyond anything done anywhere, but it is in my view not only workable, but will lead in short order to global peace and prosperity. In any event, this is the zip code we need to be operating in, if we are serious about saving America.