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The 2010 federal budget was $3.5 trillion with $1.3 trillion in deficit so that means our budget has to be no bigger than $2.2 trillion. A balanced budget means bringing spending back to what it was in 2003 ($2.1 trillion) today. But using today's GDP figures, to have a budget surplus of about $1 trillion every year you gotta cut spending down to 1990 levels.
Interesting, as in the middle 90's silver was around $5.50 to $6.60 a troy ounce. Today it is a whopping $46.60 for the same thing. Last month is was around 10 dollars less for the same thing, and I hear by the end of this year it will be around $250.00 an ounce.
As I see it something went wrong in Fall 2004, and it's been a Hell Ride for the common man ever since.
I am pretty sure at this point no one, and no one in Govt can fix this problem. The problem will have to fix itself which can't happen untill it burn out.
Interesting, as in the middle 90's silver was around $5.50 to $6.60 a troy ounce. Today it is a whopping $46.60 for the same thing. Last month is was around 10 dollars less for the same thing, and I hear by the end of this year it will be around $250.00 an ounce.
As I see it something went wrong in Fall 2004, and it's been a Hell Ride for the common man ever since.
I am pretty sure at this point no one, and no one in Govt can fix this problem. The problem will have to fix itself which can't happen untill it burn out.
That's the price to pay to have a fiat currency as money. It has a limited life cycle and as far as I understand it, an economy based on fiat paper money needs some inflation in order to be considered healthy. So, a healthy economy is one that its currency loses value over time. Interesting isn't it?
That's the price to pay to have a fiat currency as money. It has a limited life cycle and as far as I understand it, an economy based on fiat paper money needs some inflation in order to be considered healthy. So, a healthy economy is one that its currency loses value over time. Interesting isn't it?
I think that is a start but I would go even further. Roll back spending to PRE 9/11 levels. Roll EVERYTHING back. Repeal the Patriot Act and every un constitutional bill passed since them that has anything to do with expansion of the government and reduction of liberties. Abolish the huge govt. departments established since then.
Once that is done go back and repeal bills such as the Telecommunications ACT of 1996 that required cell phone mfrs to install GPS devices so the government could "track users". The government should NOT be allowed to track users without the user giving permission to do so.
I think we go back to and live by the 2007 budget until we pay off the national debt or we for sure get a balanced budget amendment.
The 2007 budget didn't include appropriations for Iraq nor Afghanistan. Both of W's dirty little unnecessary wars were run off the books and financed by "supplemental appropriations", meaning that he knew that if he included the actual projected cost in the budget he would have been the recipient of a torchlight parade complete with pitchforks.
None of W's budgets included the wars. That is why the National Debt increased more under George W. Bush than under ALL of his predecessors combined, and why we are in such a helluva shape today.
Here are my thoughts to help fix the economy. First roll back spending to pre obama levels. Next, go to a flat tax of 15-17 percent on all earned income (See steve Forbes flat tax). Next all legislation must go through clean, no add ons, no amendments, no pork. Remove our troops from all foreign nations. Close our borders and remove all illegal aliens to their country of origin. Finally a ballanced budget amendment, meaning the government can spend no more than it takes in.
That would only raise $1.4 Trillion.
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