The Collapse of American Preeminence, The Bush Legacy
In the Next three years we will see the cascade effect of the errant Bush policies collapse the economic strength of the US.
With hard won economic strategies America entered the 21st century in financial health to dominate the century. Bush squandered this strength and in doing so condemned this nation to potential financial ruin.
Any organization should always anticipate the unknown. You set up a catastrophe fund, a rainy day fund, an emergency fund. We have none.
America had an Annual Budget surplus that gave America the option to pay down long term debt, or address any emergency that arose. The long term debt were both the Social Security Bond Redemption the US treasury has to honor, and the Treasury bonds issue to the public. Bush took this 'surplus' and used it to buy his Presidency at the cost of America's future.
The Tax cuts during a time of war are fiscally irresponsible.
Now we will suffer the long term effects of this fiscal irresponsibility. The long term pain this country will suffer will far out weight the short term benefit of the tax cuts. Tax cuts the MAJORITY of America did not benefit from.
Alone these tax cuts did not weaken this nation, but when two wars, rampant deficit spending by Republicans, TWO natural disasters Katrina and Rita and the resultant higher energy prices this nation was dealt a potentially crippling series of devastating lethal blows.
Had Bush not chosen to continue with the irresponsible Tax cuts and the War of Choice in Iraq, and the Republicans had shown some fiscal responsibility they always claimed they had, this country could have weathered the TWO hurricanes with little fiscal turbulence.
The cure now will be painful and severe. We are looking at an annual deficit of $700 Billion a year. That is a conservative estimate. It will take each American paying an additional $7000 a year to pay off this deficit or we can slash ALL spending a flat rate equivalent to the Deficit. This is the cure.
If we do not do this, the Depression will look like a pleasant dream.
In the Next three years we will see the cascade effect of the errant Bush policies collapse the economic strength of the US.
With hard won economic strategies America entered the 21st century in financial health to dominate the century. Bush squandered this strength and in doing so condemned this nation to potential financial ruin.
Any organization should always anticipate the unknown. You set up a catastrophe fund, a rainy day fund, an emergency fund. We have none.
America had an Annual Budget surplus that gave America the option to pay down long term debt, or address any emergency that arose. The long term debt were both the Social Security Bond Redemption the US treasury has to honor, and the Treasury bonds issue to the public. Bush took this 'surplus' and used it to buy his Presidency at the cost of America's future.
The Tax cuts during a time of war are fiscally irresponsible.
Now we will suffer the long term effects of this fiscal irresponsibility. The long term pain this country will suffer will far out weight the short term benefit of the tax cuts. Tax cuts the MAJORITY of America did not benefit from.
Alone these tax cuts did not weaken this nation, but when two wars, rampant deficit spending by Republicans, TWO natural disasters Katrina and Rita and the resultant higher energy prices this nation was dealt a potentially crippling series of devastating lethal blows.
Had Bush not chosen to continue with the irresponsible Tax cuts and the War of Choice in Iraq, and the Republicans had shown some fiscal responsibility they always claimed they had, this country could have weathered the TWO hurricanes with little fiscal turbulence.
The cure now will be painful and severe. We are looking at an annual deficit of $700 Billion a year. That is a conservative estimate. It will take each American paying an additional $7000 a year to pay off this deficit or we can slash ALL spending a flat rate equivalent to the Deficit. This is the cure.
If we do not do this, the Depression will look like a pleasant dream.
If people only knew the facts, they would not be fighting for the 'RIGHT' to be screwed over.
+ $1,751,132,130,359 Social Security Trust Fund
– $7,805,708,317,936 The Gross National Debt
Time will tell all the Truth.
VT
Sean Lewis/VirtualTruth/VT
Founder
OpenDebateForum
http://VTSL.blogspot.com
clock
+ $1,751,132,130,359 Social Security Trust Fund
– $7,805,708,317,936 The Gross National Debt
Time will tell all the Truth.
VT
Sean Lewis/VirtualTruth/VT
Founder
OpenDebateForum
http://VTSL.blogspot.com
clock
No comments:
Post a Comment