Tuesday, October 26, 2010

It's Broke. Time to fix it. Article #2

It's broke . . .

1. Lock the Federal budget for 2011 at the actual 2010 budget amounts. Actual budget amounts, not projected budget amounts. No new spending allowed for anything. Anything. Not one dime for any new projects; no current department increases. Nothing.

Understand, when Congress, or the President, brags about cutting the budget by, say, $250 Billion, what they really mean was that they were going to INCREASE the budget by $1 Trillion dollars, but decided to cut out $250 Billion and only INCREASE the budget by $750 Billion. See? You can always tell when a politician is lying: their lips move.

2. After one year reduce that budget amount by one percent - across the board. Not equal amounts, but equal sacrifice. No special interests. Nothing. This means not "punishing" the military and "boosting" education - or visa versa! Every line item on the budget gets a one percent reduction. Like real businesses do, review what you are doing and cut the fat. A real business doesn't last very long swimming in red ink. If a department/project isn't working, quit throwing more money at it!! Give it a polite funeral instead.

3. Reduce that budget by one percent across the board the next year, repeating each year until the country is in the black. That means, the outgo is less than the income, the country owes no one anything, and the complete elimination of the deficit.

...and we'll give you the key when you've cleaned your (the country's) room!!

This would force Congress to "balance the budget" and get us back on track. We USED to be the world's largest lender, and NOW we are the largest borrower. I always wondered what would happen if countries like China decided they wanted us to pay them immediately, in full, for what we owe them . . .

4. Oh, and shut down that damn printing press! Now, you have to understand that one of the ways the government can get out of debt is printing more money. They then pay off the debts with that money. In reality it also has the benefit of lowering the value of that money by flooding the market, in other words, INFLATION.

If someone outside the government prints currency it is considered counterfeit. Why? It doesn't have the full confidence and backing of the United States. It has less worth than Monopoly money. But if the government keeps printing money to represent money it doesn't actually HAVE, THAT is worth less than Monopoly money too.

There is an old proverb that says if you are faithful with little you will be faithful with much. Congress has proven that they have not been faithful with the PEOPLE'S money - they should not have more of it until they PROVE themselves otherwise.

. . . time to fix it!

©Emittravel 2010

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