Originally posted by NWJoe
You realize that Abraham Lincoln and Andrew Jackson as well as many of the 19th century Presidents didn't have college degrees. However they were 2 of the most feared lawyers in their areas, as they were self taught.That's the beauty of America's system. If your willing to work hard you can do immensely well, if however you just want to do enough to get by you can. The perversion of that beauty has been FDR's New Deal programs as well as the continuation of those ideals by various President's and Congress's since. FDR of course didn't really start the progressive movement. That would have been Woodrow Wilson.
You don't need a PhD in Economics to see the writing on the wall if you bother to study. Really all that is needed is a very basic understanding of Economics and a willingness to study it out yourself without relying on the corrupt media we have today. Our current situation is unsustainable.
Keep in mind Abraham Lincoln also went bankrupt at one time, as did Ulysses S. Grant. William McKinley had a business bankruptcy as well.
If we want to advert a Federal Bankruptcy the first key is a full and complete audit of the Federal Reserve Bank by the GAO which has not been conducted since it was created. It is the Constitutional Duty of Congress to oversee monetary matters in our Nation but they have failed in that responsibility for decades. See the USA doesn't print money the Federal Reserve does and then loans it to us just like the Bank of the United States used to do. Without oversight the Federal Reserve has become to close to the institutions that it is suppose to help regulate to the point it is practically worthless. After a full and complete audit which I think would turn up stuff that would make the accounting of Enron look good we should seize the bank in National Interest closing it and moving the money to state banks and local banks not the national banks just as Andrew Jackson did.
The next step is the hardest for Americans but we must learn to do with less. We should go through all Federal Programs and anything that is not an enumerated right spelled out in Article I Section 8 we should eliminate. This will be hard and the President and Congress that does it will probably only serve 1 term but they would leave a lasting legacy of potential prosperity. Initially taxes could not be lowered but all savings from the elimination of such programs would be used to apply to the national debt and eliminate the debt as quickly as possible. It would still take about 10 years to pay off the debt assuming the next President and Congress doesn't reverse the action. There is of course nothing to stop the States themselves from implementing similar programs on the State level, in fact that would have been better than what we have today on the Federal level, we've tried a one size fits all solution and missed the wisdom of the Founding Fathers who realized that each of the states were different in makeup and thus it was more prudent to allow them to manage much of their own affairs.
We must also realize that it is not our duty nor our responsibility to police the world. We simply do not have the funds to do so. You cannot bring democracy and peace to a nation that is not willing to fight for it themselves. It was a major flaw of GWB's foreign policy. We should recall all our troops from foreign soil to the United States, use them to reinforce our border guards and our coastal patrols. Probably cut down their size. Prior to the Spanish American War our nation practically disbanded its military at the end of each war.
If we fail to make these changes then we are headed towards national bankruptcy. Will it mean the end of the United States, no. But it will mean a great deal of hardship for many many people, particularly the poor and the elderly who have for so many years been dependent on the Federal Government when they should have been leaning on family, community, and organizations they belong to (religious or otherwise). We have raised almost 2 generations that have a mindset of entitlement from the Government when that was never intended or prudent. The government cannot provide everything for everyone unless it first takes everything from everyone.
We must also look after our manufacturing. While running for President, BHO promised to renegotiate the various trade treaties that the previous administrations had negotiated which were grossly unfair to America. Six months into office he has not done that nor has he attempted to. He has spent time in 14 nations and not once breached the subject. We need those trade deals changed or we can never rebuild our national manufacturing base. Without a manufacturing base we cannot provide sufficient jobs for our population.
Even the President not to long ago said we were Bankrupt as a nation, we are out of money. We must make what to many are radical changes if we are to avert the greatest disaster of our nation, one not made by any foreign government or entity but one of our own making.
Please don't "feel bad for these people". Not only did they ALL somehow cause the problems but those you feel bad for knew what they were getting into.
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