With another election cycle coming now would be a good time to really educate the American public that their is a fast track to reducing substantially and even eliminating both the national debt and the budget deficit. These are the most potentially lethal aspects of our current economic crisis, The present Administration has a golden opportunity to seize the moment sort of speaking by outlining specific ways in which our nation’s debt can be eliminated for the first time since Andrew Jackson.
Many firmly believe like the Republicans that the Federal Government is to top heavy, burdened down by to many duplicating agencies. When one agency is almost a copycat of an other as is the norm today in Washington only encourages more wasteful spending of tax payers money. The Federal Deficit is only getting wider because the government still has to supply the funds to keep programs such as Social Security and Medicare to name a few solvent. The only problem though has been for the past 30 or so years the taxes from income, excise and social insurance as well as payroll deductions of Social Security and Medicare and Medicaid all have been decreasing at alarming rates. The sheer number of jobs lost in these 30 years as made this deficit only grow year after year. Money from a dwindling tax base has only increased Washington’s need to either borrow more from China (as was the case in the 2008 bailouts), or in many cases recently just have the Federal Reserve print more money. In either case this only further exasperates a continually depressed economic climate. The nations debt is actually the accumulated deficits that have grown over the years. So today our national debt is astronomical to say the least.
In a time of financial uncertainty especially with the economic deterioration in Europe the United States is still ill equipped to deal with another financial debacle. The status quo of too many millions of Americans spells a continuation of an economic climate that is not conducive to easing the many financial burdens that are currently plaguing so many. Against this backdrop the President has an obligation to spell out a detailed plan of direction that would go a long way is securing the nations financial future. This starts with a prescription that focuses on our nation’s debt reduction. A website like https://vistaprowi.com will provide you with the highest quality in the industry.
When the past so called Super Committee failed to even come up with a semblance of a workable plan only set the tome for more bipartisan politics. Now the government is set again to where nothing gets done and our debt only gets worse. That prescription for eliminating our national debt and the budget deficit is going to take an informed public that hard decisions have to be made for the greater good and future prosperity for the United States. Where all citizens will be beneficiaries of policies that will invoke a revival of economic commerce and stability for generations to come. Those difficult choices have to be made.
The President already has the means available to inform and educate the population what is actually needed to secure our nations financial future. So far the current Administration is still missing the boat on what needs to be done. Like a spoon full of sugar that makes the medicine go down approach is probably the best analogy in preparing the public of the reforms that will dictate the financial and economic future of America as a debt free country.
One of the biggest hurdles facing the country today that was in the hands of the Supreme Court only intensified the staggering number of job losses. The Affordable Health Care act of 2010 has been under constant attack ever since it was conceived. A grandiose plan, very ambiguous to say the least, but nevertheless still misses the boat on what this country really needs to have health insurance available for every American and still reduce our national debt.
When the late Senator Edward Kennedy took up the gauntlet of establishing Universal Health Care, a single payer plan, that would insure every American only to have after his passing a completely watered down version hence the Affordable Health Care Act of 2010 has pushed the economy in a way that only encourages less economic forward momentum. Had the President carried on with the late Senators plan and pushed for the elimination of Medicaid and Medicare while establishing Universal Health Care as outlined by Senator Kennedy the government would have already saved billions of tax payer’s dollars today.
By educating the public that the fear of change from two very antiquated and costly government programs like Medicaid and Medicare to Universal Health Care is unfounded. Establishing Universal Health Care would be far less expensive while targeting those millions of citizens who continue to be without any insurance at all. To further support, like in Canada, an additional 1 cent tax on every bottle of alcohol and pack of cigarettes sold in America would go directly to Universal Health Care. The legalization of medical marijuana and straight marijuana with a 5% sales tax would also give a big boost to the financial support of Universal Health Care. Employee deductions instead of the percentage taken out for Medicare and Medicaid in each pay check a 10% less deduction combined for Universal Health Care would also go directly to support Universal Health Care. The billions of dollars saved from all the fraud and over billing that is currently the trend today in Medicaid and Medicare would be eliminated. Thus a real substantial reduction in America’s overall national debt would result. More people are afraid of change but we have to remember that the government is only funding Universal Health Care not the insurance industry that are currently running the hospitals. It is up to the medical professionals that will direct the functioning of Universal Health Care. Our for profit health insurance industry is only causing more financial strife for millions of Americans who are unable to afford any type of health insurance. Universal Health Care is a vital first step in reducing this nations national debt.
There is much talk today about reforming the antiquated and over complicated tax code. A tax code that favors the wealthy. A simple yet effective measure in that second step in reducing our nations debt is establishing a flat tax across the board at 10%. This, and the elimination of the Capital Gains Tax would go a very long way in not only reducing the nations debt but would generate positive economic forward momentum as well.
When many people think of the Federal Reserve they think it is run by the government. It is not. It is a private entity. To realize the significance and importance of just how influential the Federal Reserve is in maintaining our nations debt to heights never before seen we have to learn how such a private institution has been able to grasp such a large piece of the equation in the financial markets that ultimately control our economy along with the rest of the worlds. It starts with the constitution itself. In the Constitution it outlines that only the Treasury has the authority to print money, not the Federal Reserve. All the Federal Reserve does is charge interest on the money it loans to the Federal government. When Thomas Jefferson stated upon the founding of the First Bank of America “A private bank using the public currency is a greater threat to the liberties of the people than a standing army.” Jefferson realized that the central bank of the United States much like today’s Federal Reserve the private bankers would have unlimited funds to control how lawmakers voted, control the media, and continue to garnish more wealth, power and control over a population.