mcmick
Rookie
Barack Obama ran a great campaign and will soon take the reins. He has promised commitments that will cost in the trillions over time and the Democratic Congress will almost certainly push for additional spending, to gain favor within their districts. That happens with both parties-traditionally, more with Democrats.
The Government Accountability Office latest report tells us we are already committed to long-term debt of $55 trillion. It consists of the $10 trillion already owed, plus $44 trillion from Medicare, Medicaid and Social Security and $1 trillion miscellaneous.
The report says also that the longer we wait to start remedying this problem, the harder it will be and that in the absence of serious action, eventually, a combination of a very large increase in taxes and very large reductions in benefits is inevitable.
Congress will never take action that limits its power or interferes with their reelection. which comes up every two years in the House.
Special interest groups are now so powerful, they also will not be neglected by either party. There are only a handful of congress people with the integrity to put America first-definitely not enough to bring about the needed change.
I suggest that 25-35 year olds must start to become members of congress, running on a promise to reduce federal spending as a percent of GDP over 10 years by promising to fight for limiting federal spending increases to the rate of economic growth.
In my opinion, this and other commitments to adult type decision-making, regarding spending and benefits will win elections in most districts.
Total spending is now 36% of GDP, 23% of which will be federal, under the soon to be passed budget, more than the cost of food, clothing, shelter and some transportation.
We should target getting federal spending down to 17% of GDP in a decade or as close to it as possible.
Because of withholding, many Americans dont even think of 36 cents of every dollar as their own money. That money is being taken to pay this huge portion of their earnings before they are able to satisfy one penny of their own daily expenses.
Pulling this much out of the private sector also reduces the size of the pie.
Todays young voters and young entrants to the workforce cannot depend on the other guy.
If you would like to read a full plan on bringing this about, my personal information bio, will lead you to my site and a detailed plan called PURGE CONGRESS.
Im guessing the forum rules do not allow me to post a direct link, although Ive not found any so far.
If someone can advise me on this Id appreciate it.
The Government Accountability Office latest report tells us we are already committed to long-term debt of $55 trillion. It consists of the $10 trillion already owed, plus $44 trillion from Medicare, Medicaid and Social Security and $1 trillion miscellaneous.
The report says also that the longer we wait to start remedying this problem, the harder it will be and that in the absence of serious action, eventually, a combination of a very large increase in taxes and very large reductions in benefits is inevitable.
Congress will never take action that limits its power or interferes with their reelection. which comes up every two years in the House.
Special interest groups are now so powerful, they also will not be neglected by either party. There are only a handful of congress people with the integrity to put America first-definitely not enough to bring about the needed change.
I suggest that 25-35 year olds must start to become members of congress, running on a promise to reduce federal spending as a percent of GDP over 10 years by promising to fight for limiting federal spending increases to the rate of economic growth.
In my opinion, this and other commitments to adult type decision-making, regarding spending and benefits will win elections in most districts.
Total spending is now 36% of GDP, 23% of which will be federal, under the soon to be passed budget, more than the cost of food, clothing, shelter and some transportation.
We should target getting federal spending down to 17% of GDP in a decade or as close to it as possible.
Because of withholding, many Americans dont even think of 36 cents of every dollar as their own money. That money is being taken to pay this huge portion of their earnings before they are able to satisfy one penny of their own daily expenses.
Pulling this much out of the private sector also reduces the size of the pie.
Todays young voters and young entrants to the workforce cannot depend on the other guy.
If you would like to read a full plan on bringing this about, my personal information bio, will lead you to my site and a detailed plan called PURGE CONGRESS.
Im guessing the forum rules do not allow me to post a direct link, although Ive not found any so far.
If someone can advise me on this Id appreciate it.
