A friend of mine suggested that we read the attached article. http://silverdoctors.blogspot.com/2011/05/living-through-currency-devaluation.html I cannot vouch for the material and suggest that you read it with an open mind and evaluate it based on your own experience and with your own advisers.
Whatever might occur, we all know that the budget and the deficit we are running cannot be good for the economy and for the future financial health of our country. We must get our legislators to attack the problem and yes, it will cause dissatisfaction and most of us will have to give up some of the benefits we currently receive.
If you were a legislator, what would you do to attack the budget? Please let us know and we will post all your suggestions. The solutions for the problem are out there in the universe and I am calling upon all my readers to come up with ideas. Let's all put our minds together and solve this problem.
Whatever might occur, we all know that the budget and the deficit we are running cannot be good for the economy and for the future financial health of our country. We must get our legislators to attack the problem and yes, it will cause dissatisfaction and most of us will have to give up some of the benefits we currently receive.
If you were a legislator, what would you do to attack the budget? Please let us know and we will post all your suggestions. The solutions for the problem are out there in the universe and I am calling upon all my readers to come up with ideas. Let's all put our minds together and solve this problem.
There is already a budget proposal that does all this by 2021….
ReplyDelete• Deficit reduction of $5.6 trillion
• Primary spending cuts of $869 billion
• Net interest savings of $856 billion
• Total spending cuts of $1.7 trillion
• Revenue increase of $3.9 trillion
• Public investment of $1.7 trillion
• Budget surplus of $30.7 billion in 2021,
debt at 64.1% of GDP.
http://grijalva.house.gov/uploads/The%20CPC%20FY2012%20Budget.pdf
It produces more debt reduction than either the Obama budget or the Ryan budget.
Plus, it does this through tax policies and spending priorities that public opinion polls show are supported by the majority of the American public.
There is just one problem: only about 80 people in Congress would vote for it. Why? Because it is not in alignment with the interests of the big banks, oil companies, insurance companies, unions and lobbyists who will finance both the Democratic and Republican reelection campaigns in 2012. If you think I am totally disgusted with both political parties, you'd be correct.
--David