Jeff Neal for C.U.R.E. - Certain Unalienable Rights Endowment

Posts Tagged ‘national debt’

I’ll personally pay back the National Debt

In Financial, Opinion on January 26, 2015 at 6:47 pm

Screen Shot 2015-01-26 at 6.37.57 PMWith patriotic hearts, a friend and I have a deal for America. We are going out on a limb – we’re going to offer a solution to the country’s national debt problem, a problem estimated at approximately $18 trillion. We are going to deliver personal checks to the US Treasury in amounts that will total $18 trillion (we’re still negotiating the allocation between the two of us).

First: You’re welcome – glad we could help.

Second: We know what you’re thinking; “Guys, no way you have 18 trillion dollars. Maybe 2 or 3 trillion, but 18!?!?  Get real.” Well, we know that, and we also know that neither does the US Government have 14 trillion dollars. That’s why they OWE it, that’s why the nation is in debt by that amount. It’s not there, their check would bounce, just like ours would; so what’s the difference between the government’s check and ours?

Just one thing . . .  see, we’re math guys, and mathematically we have a chance of making our check good; the government . . . well, read on.

So let’s do a little math; it’s a little complicated, so read slowly. The two of us think we can create, say, $5.0 million of wealth every year, and we will commit all of that wealth to reduction of the national debt – that’s a 100% tax rate on our income, and we won’t even ask for any interest. In about 4.7 million years, give or take a few millennia, we’ll be old and tired, but we’ll have it paid off.

Alternatively (and now we need you to really concentrate – this will sound foreign at first) we can let the government pay it off, no help from us; we’ll keep our trillions. At its current rate of wealth creation, the US Government will pay back this debt in – more math, divide by n+1, carry the 3, and we get . . . .  NEVER. They’ll never pay it back, not one red Lincoln penny of it.

You see, your government – including the Congress, the White House, all of the executive agencies – creates exactly $0 in wealth each and every year. Government consumes money and it has the power to pay bills only by TAKING wealth from its citizens, the free men and women who create it.

That brings us to our more serious point, which we think is made clearer by the hypothetical offer above.

Unless paired with less spending, there is no such thing as a tax cut; there are only tax-deferrals. Every dollar of spending represents a tax and OUR COUNTRY IS taxed each year the amount which the government spends. How much we’ll pay now and how much we’ll pay later is decided by a government that arbitrarily sets tax rates and writes convoluted rules that sound “fair.” Every dollar the government spends must be matched by a dollar of taxation – either today or tomorrow or in 30 years, when our children should instead be toiling and sweating to pay for their own current consumption rather than paying back our debts. Any “tax-cut” for the middle class, for the billionaires, and for small business owners was no such thing. It is a deferred tax increase for you and your children.

Cutting spending – entitlements, discrerionary – all of it, is the only answer. Let free men and women dispose of their money without government incentives and direction.  536 people in Washington, DC are not smarter than 320 million Americans.

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Give me Elmo or give me NASCAR: A profound Choice?

In Economics, Financial, Opinion, Political Critique on December 29, 2011 at 10:22 am

Not really . .  . Give me liberty or give me death.  That’s profound.

A few months ago, FoxNews reports on the [low] level of the debate on the National Debt.

See Link Here (Debate over Army funding of NASCAR sponsorship)

When the fight is over which unconstitutional government expenditure should be kept in place, it’s a power struggle akin to a food fight; it is not a political discussion.  Maybe the Army’s NASCAR sponsorship is constitutional – after all, raising an army is a power granted the federal government by the people.
That question is open to discussion.  But NPR, PBS, Sesame Street – not even a close call.  Other government spending programs that are not close calls would include Dept of Education, Dept of Energy, health care law, Medicaid, corn subsidies, grants to states to build bike paths . . .Debating spending on the merits, goodness or effectiveness of the program makes for an enormous government, because there is a constituency for everything – see mohair subsidy and Murtha Regional Airport.
On the other hand, debating spending and other government actions on constitutional grounds makes the argument finite, unemotional and, in the end, lititgable by the non-political branch, the judiciary.  Could be a plan.  I think that the US Constitution was meant to work that way.  That would take a completely new group of legislators, because the current Congress is full of men and women who think their job is to bring home the bacon.
Or, we can elect politicians who will keep debating whether we should have the government feed the hungry – – – and watch the definitions of ‘feed’ and ‘hungry’ morph until debates over providing for the common defense, giving heating oil to the poor or buying viagra for grandpa are virtually indistiguishable, and more and more and more money will be taken from ‘rich’ person A and given to every erectile dysfunctional man, I mean ‘hungry‘ person B for his viagra, I mean,  ‘food‘.
How’s that working out for us so far?  The choice is simple and stark.
(A) 1789 – A limited, constitutional, democratically-elected government that protects individual rights – and nothing more, or
(B) circa 1917, Russia – A fair tyranny that wants income equality and leads to totalitarianism – we’ve all seen the movie.
WE CAN DO BETTER, AMERICA.

The President [also] Punts

In Opinion, Political Critique on February 17, 2011 at 8:41 am

Republicans and some of the political commentators tell us, as if we didn’t notice, that the Obama administration acted irresponsibly in not addressing entitlements in its recently submitted buget.

My recommendation:  Get over it.  Let the president abstain.  And, Congress, pass a budget that reforms the budget process, upends entitlements, eliminates unconstitutional programs and agencies, maintains proper levels of defense spending and balances the budget within, pick a number, 3 years.  Tell the president, “we’re sorry you’ve chosen to take a pass, but we’ve decided to govern without you.  OH, we’re going to need your signature in about a month, so stay close to DC.  Until then, hit ’em straight and long.”

Or resign and let us replace you – tomorrow.

There are only two reasons a given politician isn’t working obsessively to fix the budget process and reduce the national debt.  Mr. Congressman, Mr. Senator, show us which you are – either not intellectually qualified to figure out how to do this or not serious about wanting to do it.

Either way, we want someone else doing your job if you can’t or won’t.

Government Spending and Egypt

In Economics, Financial, Opinion, Political Critique on February 14, 2011 at 1:04 pm

The Obama administration claims to look for ways to control spending, to control the national debt – some day in the future, after it’s done ‘investing’ our money for us.

Link HERE

The discussion (noise) about spending in the federal government is spoken in code, isn’t it? Nothing makes any sense to me, and my English is pretty good.  Here’s a translation of the $3.7 Trillion budget discussion.

Government officials, Republican and Democrat, have concluded that the only good spending is government spending, since that is the only kind that results in the accumulation of more power in the hands of 535 men and women.

How does Egypt come into the picture?  Hosni Mubarak did not continue to siphon money from the Egyptian economy after he had X-Teen billion $s in the bank so that he could be more fabulously rich.  In truth, he continuted the theft to broaden his reach, to increase his power over the apparatus that ruled every facet of Egyptian life.
Back in the USA — $3.7 Trillion divided by 535 is approximately $7 Billion.  We have 535 Hosni Mubarak’s in the US Congress, and their job is handing out – each of them – $7 Billion, every year.

The same desire that drove Mubarak, the same all-consuming thirst for control, drives Washington, DC.  The spending machine gets bigger and bigger by the day, it feeds lobbyists, union officials, campaing consultants, media trainers, congressionial staffers aspiring to be on TV, the compliant media machine, and on and on . . . NO ONE represents the tax-payer in Washington; the entire conglomerate feeds off of government spending, and it has to enlarge itself constantly or it starves.

Defeating that beast is the challenge of Americans. Unfortunately the so-called “campaingn finance” laws make it virtually impossible to mount an effort to fight the party machines, because it is illegal to accumulate the resources (i.e. money) necessary to buy a big enough megaphone to be heard over the above-mentioned noise.

Take a look:
http://athirdvoice.wordpress.c…/

There is an answer and when we get enough voices to join us we will announce it, and the unConstitutional FEC laws will not stand.

Rand Paul – It’s a Start

In Economics, Opinion, Recommended Reading on February 7, 2011 at 12:54 pm

The GOP leadership is being timid about cutting government spending (see WSJ Editorial here).   They seem to have heeded the advice of the left-wing media, who tell them to fear being out-manuevered by the Democrats.  The theory is they’ll be at a political disadvantage if they ‘go first’ and propose significant entitlement reform and other cuts that are necessary to end the ‘unsustainable’ (they all use that word, but I don’t think it means what they think it means!) budget deficits and reduce the national debt.

Instead, one LEADER, Rand Paul, has the guts to take the first shot.  (See his WSJ piece here).

He’s taking heat for beginning the debate.  Support his efforts.  We know he’s right.

WE CAN DO BETTER, AMERICA.  Yes YOU Can.