How the US economy is
structured and performs has serious implications for US citizens’ ability to be
self-supporting. The US private sector GDP needs to be expanded with the return
of manufacturing to the US. Restoring the US economy is accomplished by keeping
quality high at competitive prices. The US is an expensive place to live and is
an expensive place to do business. US citizens need to and lower their costs
and reduce their debts. This can only occur when we reduce the cost of the
public sector.
The services sector is an important part of the
U.S. economy. According to BEA, in 2009 services accounted for 79.6 percent of U.S.
private-sector gross domestic product (GDP), or $9.81 trillion. Services jobs
accounted for more than 80 percent of
U.S. private-sector employment, or 89.7 million jobs.
The private sector economy is currently headed
to $10 trillion and that’s about half of our $21 trillion US GDP.
The most serious problems we have now involve
lowering the cost of US healthcare and education. Consumers do not control the
cost of these necessary services because they are over-subsidized by government
and providers of these services have more incentives to obey government
regulations and avoid litigation than they have to improve outcomes and reduce
unnecessary costs.
Overall, the U.S. Bureau of Labor Statistics states that there are 16 million medical-related jobs
out there and the profits this sector generates calculates to about $2.7
trillion a year. In terms of GDP, the health care industry constitute one-sixth
of the U.S. GDP.
According to the College Board, the average
cost of tuition and fees for the 2017–2018 school year was $34,740 at private
colleges, $9,970 for
state residents at public colleges, and $25,620 for out-of-state residents
attending public universities.
Close to 50 million students are currently
enrolled in public schools in the United
States, according to the Institute of Education Statistics. 3.1 million full time teachers are employed, making the
pupil-to-teacher ratio 16 to 1.
More than 150 million Americans are part of the U.S. workforce according to the Bureau of Labor Statistics. There are 22.2 million government employees
and 15 million of them are employed by States, counties cities and other
government entities. The other 7.2 million work for the federal government.
15
million Americans are self-employed.
We need to reduce
government spending and return those private sector industries currently funded
by government to the free market to restore price control by consumers. The US
federal government needs to privatize most of its functions and send the rest
to the States and the People to move into compliance with the 10th
Amendment and its “enumerated powers”. The cost reductions must be gradual,
incremental and irreversible.
Federal agencies and
programs are already duplicated in the States. If the federal government wants
to keep some functions that are not assigned to them in the “enumerated
powers”, they should draft Amendments to the US Constitution to include these
functions.
States are responsible
for their own economies and should not receive federal dollars for government
infrastructure. Roads, highways, bridges, sewer and water system should be
funded by States and municipalities.
Federal Grants to
States and non-profits need to be phased out and permanently eliminated. These
slush funds are full of waste and corruption.
Norb Leahy, Dunwoody
GA Tea Party Leader
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