Sunday, June 21, 2015

The National Debt

In 2000, the US Debt was $5 trillion.  If we had been able to leave it at $5 trillion, we would have a better economy today.  But, like Greece, investors look at our debt approaching $20 trillion, and hold back their $1.7 trillion in cash.  The National Debt is a symbol of our fiscal mismanagement.
Great Mistakes
We should not have responded to 9/11 with an expensive land war.  We should have prevented the 2008 Meltdown and not bailed out the banks.  We should not have elected Obama in 2008 and 2012.  We should not have allowed the Federal Reserve to expand the money supply by 450%.
As to the $100 trillion in unfunded liabilities, we should not have allowed the government to launch the social welfare program.  Social security should have created individual accounts rather than a Ponzi scheme government slush fund.
Finally, we should not have allowed the federal government to become non-compliant with the US Constitution. We should have followed it to the letter and let the States deal with 90% of what the federal government has screwed up according to the 10th Amendment.
Going forward, we must force the federal government to begin to pay off the National Debt and return to the US Constitution (as written). Our only option is to become solvent.
Norb Leahy, Dunwoody GA Tea Party Leader

No comments:

Post a Comment