08.07.11

The Deficit Mess

Posted in If I were President...., Politics at 6:18 pm by Administrator

Deficit spending became unmanageable under Republicans Regan and the two Bushs. In their ignorance and with Democrat complacency, the U.S. as an economic world power, is figuratively being placed in a coffin. Obama and he ideologues are nailing the top of the coffin shut.

The above message is simply about the truth. Facts do not lie. The chart below is worth 1,000,000,000,000,000 words. While running for president I would refer to this chart as an example of political spending gone wild.

Unmanageable Spending

Unmanageable Spending

Both the Democrats and Republicans represent a complicit acceptance of “fiat” currency. The U.S. dollar ‘fiat currency’ is based on the full faith of the U.S. government and its ability to back its value through taxation. Both the Republicans and Democrats have bought into the fiat currency system. Therefore, both parties believe in taxing citizens as necessary to maintain the dollar’s creditability.

In most cases, a fiat monetary system comes into existence as a result of excessive public debt. When the government is unable to repay all its debt in gold or silver, the temptation to remove physical backing rather than to default becomes irresistible. This was the case in 18th century France during the Law scheme, as well as in the 70s in the US, when Nixon (a Republican) removed the last link between the dollar and gold.

As president, I would reverse the ‘excessive’ public debt spending. I would lead by making the tough decisions about entitlements, government waste, foreign aid, import taxes and revamp the antiquated taxation system.

Since the 1960’s, mistrust of the U.S. government has risen proportionally to the national debt. This mistrust is rooted in what the control freaks in Washington were doing then and continue to do now. Check out just one statement made public by a revered statesman. The attitude and perverted value system behind this statement indicates why government mistrust is at an all time high.

“The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: perhaps then we can force them to conform. I mean, of course, to strike at their language, their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail; thereby removing them as an obstacle to our strategically vital plans in the Balkans, the Mediterranean, and the Middle East.” – Henry Kissinger 1974

Change the term Greek people to the United States people and you have what has been happening to our country. The strategic plan is to melt the U.S. into a world economy indistinguishable from any other country.

Understanding this simple truth, I would strengthen our cultural roots. Mistrust of government will not fade away unless people can believe in what our country is doing. How government spends our money sparks the perfect starting point for my presidential campaign.

I can speak for the average tax-paying citizen. The government is wasting our money. Our citizens’ spending priorities are not the same as the governments. The U.S. tax-payer is the foundation for the world’s piggy bank. The people know the concept of ‘fiat’ currency, doing financial business – as usual – is not economically healthy for this and future generations.

Old-guard Republicans and Democrats favor taxation to continue floating our ‘fiat’ currency. No matter what they say, look at the chart above again. Facts are facts.

My campaign promise is to cut spending to what the constitution allows. This may take a century or so, but an old Chinese proverb states that ‘a long journey begins with the first step’.

I would work hard at gaining the trust of the American people by managing our nation’s debt problem. I would not allow the concept of ‘fait’ currency rule our taxation mentality.

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