Fiscal Sanity For America
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Fellow Americans, I come to you today with dire news. Our country is in dire trouble. America is drowning under financial obligations that we foolishly agreed to.
Our national debt is officially over 14 trillion dollars, which is the equivalent of more than an entire years GDP. This is bad enough, it is entering a danger zone of debt that countries are only rarely able to escape from without significant upheaval.
This debt isn't something that was slowly acquired over the course of centuries either. We have added at least 500 billion every year since 2003, and over a trillion for the last three of those years.
The Republicans, especially Paul Ryan, proposed a series of cuts, but they ultimately settled for just 38 billion, which hardly even qualifies as a rounding error in comparison to the sums we are talking about.
However, if we are honest with ourselves, the count is far higher. Unless you think Social Security, Medicare, Medicaid, and the myriad of other entitlement programs will be eliminated today, then we must acknowledge the unfunded liabilities of those programs.
When we do, the figure gains nightmare proportions. As of this writing, these unfunded liabilities add over 113 trillion of additional debt. That adds up to over a million dollars of debt for every taxpayer in America.
If you are honest, it's painfully obvious that this amount is simply impossible to pay.
My fellow citizens we come from many different races, religions, and cultures. Our great nation is composed of millions of different individuals. We all have our own hopes and dreams. We are often opposed to each other politically, in fact we may be more violently divided today than any time since the Civil War.
Nonetheless, we all love America. We all want to see our great nation prosper, and we all want to join in that prosperity. If you want to see that happen the time for action is now.
America teeters on the balance of economic oblivion. We must acknowledge that fact. Last year, our government took in just over 2 trillion dollars in tax revenue. Yes, that seems like a lot of money, but it only amounted to 62% of our total spending. We borrowed 38 cents out of every dollar we spent. To call that unsustainable in the face of the massive debt we have already accumulated is a massive understatement.
Comments
At this point, I think there are too many RINOs (do they still qualify as a RINO when most of the party wants big government?) for them to be much better than the Democrats.
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