National Debt
We must adhere to the constitution with all legislation. Every piece of legislation must have the constitution article and section cited before it leaves committee and is brought to the floor.
Our Financial Security is at the brink of disaster. Our elected officials for generations have put us all on a path to destruction. We have a responsibility as Americans to put an end to this type of fiscal irresponsibility.
Our foreign debt of over 30% is held by foreign governments many of which are our enemies if we can remember what that means. The interest we pay them, funds many of the projects for their citizens while we borrow from them, to keep our streets safe and fires out at a rate of .42 of every dollar we spend. This is a recipe for going bankrupt, is if not criminal certainly anti American.
DC spends our money without any type of plan or responsible foresight as we continue down the road to total financial collapse, similar to that of our so called European Allies and they’re broke and headed for default, then we will be expected clean up the mess as we have done twice before in the 20th century.
Our former, I believe still our Enemy China, is one of the biggest holders of our debt over $1.2 trillion of our foolish debt.
We also owe over 900 billion to our ally Japan. England holds 300 billion of our debt. We pay close to 560 million a week to China just think what we could do with that amount of money to improve schools, roads etc. and at the rate we’re continuing to borrow and spend we’ll never be able to pay this money back to any of them. We will default.
The Interest we pay on our debt today is more than our in past yrs. entire Federal Budgets so tell me we’re not out of control and we the people need to put a stop to this now.
We must vote in a Balance Budget amendment with no more than 18% of GDP only exception a real national emergency such as a war/ floods or other such emergencies and given only when asked to by the states.
In Addition we need to do what many successful businesses do, which is simply Zero Base Budgeting rather than continue with the Base Line Budgeting we now use. Base Line budgeting automatically allows all government to grow from the previous year whether effective or not, rather than starting from zero each fiscal year
We must not only stop borrowing but also stop all the spending we do in the form of subsidies to all types of projects whether to Farmers not to grow Food, Oil Companies Museums, Public TV, this includes all our Foreign Aid just to name a few.
We must down size our government now, by putting a 5yr. freeze on all hiring and a 2 yr. freeze on all salaries and bonuses of any type. This will bring a reduction of 10% just from attrition with people retiring and leaving for other jobs.
In addition we must also begin to downsize by another 2% yr. over yr. for 5 years as well thereby bringing the governments size down by another 10% over a 5 year period for a total of 20% over a 5yr. period.
We also need to close the Department of Education and return the operation of our schools back to the States.
We must close the department of Energy, which was started during the failed Carter administration to make us energy self sufficient when we were importing only 30% of our energy. Now we import over 70%, therefore the department of energy has failed and must be terminated.
We must return federal owned lands back to the states as well.
The EPA must be drastically reduced by at least 75% or even eliminated because there regulations have no bases in law and are creating havoc on the economy.
Any job loss by the employee affected will be allowed to transfer to another department within the Federal Government, if an opening exists. They must be qualified to perform those duties they are transferring to.
The excess money we realize must be used to pay down the debt and not for any additional spending.
Bill Cooke
199 days ago
To get rid of much of the debt try this. Get back the Tarp money to the banks. Also get back the money to the trade unions given to the Dem party as in dues.
Conyers
176 days ago
You’ve hit the ball out the park! Incdreible!
Van
175 days ago
Hi Conyers; Thanks for taking the time read and comment and hope you’ll pass on the site, as I’m running and need more support for Americans battling the Machine. God Bless You; Van
Sable
174 days ago
Stay ifnomravtie, San Diego, yeah boy!
Van
174 days ago
Hi Sable; thank you and hope you’ll support my run for the US Senate and pass it on as well. God Bless You; Van
Van
172 days ago
Hi Bill; these are issues we hope to deal with when elected and hope you’ve passed this on, as we’re hoping to get grassroots support for my candidacy. God Bless You; Van
Caiden
177 days ago
Heck yeah bay-bee keep them comnig!
Van
176 days ago
Hi Caiden; Thanks for the encouragement, I’m now running for the US Senate, http://www.VanforUSSenate.com and see if you agree, if so pass it on as we need all your support. God Bless You; Van
Magdelina
174 days ago
Ppl like you get all the brains. I just get to say thakns for he answer.
Van
172 days ago
Hi Magdelino; thank you so much for the kind words and hope you’ve passed this on, as we’re hoping to get grassroots support for my candidacy to fight the machine. God Bless You; Van
Rene
62 days ago
Obama was born in Hawaii. Doesn’t really mtaetr if his Kenyan father was around for the birth or not. By current law he is a US citizen. People who question this make themselves look foolish or worse.Likewise, it is wrong to blame Obama for the meltdown of the US economy and for our soaring national debt. George W Bush and his party drove the US economy over a cliff before Obama was ever elected. Ronald Reagan very nearly bankrupted the country during the 1980s. Republicans are to blame for this mess. They love to spend trillions of dollars on unnecessary wars and a bloated imperial military. They all believe in Republican Big Government, but unlike Democrats, they want to put it all on the government’s credit card. Republicans spend like crazy but then cut taxes to corporations and the wealthy. They cut off government revenue and thus create these huge budget deficits. And they refuse any talk about restoring taxes to a responsible level that would end the deficits so they are not serious about cutting deficits or paying off the national debt. They want to use the debt as an excuse to end Social Security, Medicare and Medicaid. Medicaid needs to be reformed and greatly trimmed back. But Social Security and Medicare are vital programs that are supported by payroll taxes. There is no reason to end them. So if the choice is to have a black president and keep Social Security and Medicare, or to have a white Republican president and end these programs, I will vote for Obama just like I did in 2008. I don’t want to have to go off and die under a bridge when I get old.
Brian Bergman
87 days ago
http://www.nytimes.com/2012/02/20/opinion/krugman-pain-without-gain.html?scp=1&sq=Pain%20without%20Gain&st=cse
“Specifically, in early 2010 austerity economics — the insistence that governments should slash spending even in the face of high unemployment — became all the rage in European capitals. The doctrine asserted that the direct negative effects of spending cuts on employment would be offset by changes in “confidence,” that savage spending cuts would lead to a surge in consumer and business spending, while nations failing to make such cuts would see capital flight and soaring interest rates. If this sounds to you like something Herbert Hoover might have said, you’re right: It does and he did.” – Paul Krugman
Even austerity’s star pupils, countries that, like Portugal and Ireland, have done everything that was demanded of them, still face sky-high borrowing costs. Why? Because spending cuts have deeply depressed their economies, undermining their tax bases to such an extent that the ratio of debt to G.D.P., the standard indicator of fiscal progress, is getting worse rather than better.
Jake
79 days ago
Would you sponsor or co-sponsor a bill to audit the federal reserve? If so would you sponsor or co-sponsor a bill to end the federal reserve?
Scott
62 days ago
Obama did not have two parents American Citizens at the time of birth. But his tmoher (?) question mark was American, which made him an American but not a Natural Born American. He could only be a citizen of America do to his Mother or he became a naturalized citizen. But read below. He can not hold office of the President, and he can’t change that. So what do we do about it? Its all true in black and white!A naturalized citizen is a foreign national who is granted citizenship in the United States after fulfilling certain requirements. In addition to the United States, many other nations offer naturalization to people who wish to apply for citizenship. The naturalization laws for various countries are typically available through their departments of immigration.There are two basic categories of United States citizens. A natural citizen is someone born in the United States or born to American parents on foreign soil. A naturalized citizen is someone who was born in a foreign country, but took a series of steps with the end goal of being granted citizenship.In the United States, you can become a naturalized citizen if you have been a legal resident of the United States for at least five years and you are over the age of 18. In addition, applicants for naturalization must demonstrate “good moral character,” as well as a knowledge of the English language and the history of the United States. The citizenship application process can take anywhere from six months to two years, and once approved, a naturalized citizen has all of the rights and responsibilities of a United States citizen, although he or she is barred from serving in the offices of President and Vice President.