Brutal Article on US Debt and my Solutions
From a Canadian paper called the Intelligencer
I agree with most of the points made in the article, especially the ones about US debt.
Folks, the outcome from our financial house of cards taking a header is not going to be good for any of us. Just read the article and a little history and you’ll come to the conclusion that its “worse than 1929″ if we don’t get ourselves together.
Here are some solutions.
#1 A balanced budget amendment to the US Constitution. No debt except in time of formally declared war.
#2 An end the the Empire and Prison State
#3 A freeze on the printing of new money
#4 Paying off all government debt within a twenty year period. This means roughly a 25% cut in the size and scope of the federal government, an end to all our overseas bases, and a substantial cut in social security (capping it at $1000 a month for starters) and a big crackdown on waste fraud and abuse. Spending on infrastructure, civil rights and alternative energy will rise a bit but everything else gets slashed.
#5 Fair trade with equal parters or no trade at all unless we have no other choice. Make it here, sell it here, buy it here.
#6 Energy independence. We need wind, solar and some way to replace the gas we use in cars. Toss $50-100 Billion into the kitty
#7 National heath care via private insurance. If we throw Medicare and Medicaid money along with a small employer tax and some regulation we can cover pretty much everyone with a decent P.P.O. Its not a perfect solution but it will do well enough. Anyway nothing stops someone from buying more coverage either.
#8 Fix the infrastructure. This reduces energy use and increase wealth. It also makes for a job programs that unlike most government jobs accomplishes much useful work.
If we do these things we can get the US economy back on track and save our country from another depression.
If not , well food, medicine, guns, ammunition toilet paper and sanitary supplies need to be added to the shopping list as its going to be a rough patch.