Wednesday, October 19, 2016

Nothing Exceeds like Excess

We have excessive overall debt, excessive government spending and government debt, excessive immigration and excessive unemployment and excessive household income decline and so does everybody else.  The only way to get this under control is to grow our economy and this can be done with Trump's plan.

Our global debt is $152 trillion, while our global GDP is $74 trillion. Global debt is 205% of GDP. We are consuming 2 times what we produce globally.

US debt is $ 60 trillion while US GDP is $18 trillion. US government debt is $19 trillion.  US debt is 333% of GDP. We are consuming 3 times what we produce nationally.


The tragedy of this dilemma is that the spending that got us in this debt was totally unnecessary; it was spending by governments and was designed to enslave us. It was UN Agenda 21 implementation based on the global warming hoax. 

The costs of healthcare and education have reached the price/demand curve.  That’s when prices is so high compared to “value” that consumers stop buying it. Obamacare premiums and education costs are unsustainable. 

Students who would have gone away to college are now staying at home and attending cheaper junior colleges.  Students are aware that there won’t be jobs after college that will pay enough to pay off their student loans.

Education in the US has been dumbed down over the past 100 years. Homeschooling is now the best education US citizens can get.  Self-education will begin to overtake programmed class attendance.

Single Premiums are $3600 to $7200 depending on age; deductibles are $6000 and maximum out of pocket amounts are $6500.  It is better to donate your premium to your own medical expense account.

There have been few cures discovered since the 1950s. Treatments for cancer don’t work and treatments for heart disease are not long lasting. The cost of healthcare is driven by unnecessary drugs, tests, treatments and hospital costs. Diagnostic costs can be $20,000 and treatments for cancer and heart disease can cost $200,000.

https://www.healthpocket.com/healthcare-research/ infostat/2016-obamacare-premiums-deductibles#. WAZRIegrLb0

A good measure of qualified debt is the traditional formula used to get a home mortgage loan.  You could but a house with a 10% down-payment and get a loan for the rest.  The amount of the loan you could get is 28% of your disposable income.  If your net income was $4000 per month and your car payment was $400 per month, your “disposable income” would be $3600 per month.  28% times $3600 is $1008.  A lender would say that you could afford a house payment of $1008 per month.  Your home price would be limited to $100,000 to $150,000. 

The US government will have an annual income of $3.5 trillion and a deficit of $633 billion for 2016.  They spend 20% more than they make; and this has been going on for a long time.  The US government is paying $433 billion a year for interest only on their $20 trillion debt.  28% of $3.5 trillion is about $1 trillion.  But they have an “interest only loan” and run 20% deficits. That’s a lot more than the US government is qualified for. The national debt needs to shrink to under $5 trillion.

Norb Leahy, Dunwoody GA Tea Party Leader


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