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The world has created another debt bubble and we’ve chosen to kick the can
down the road just like Roosevelt did in the ‘30s, and Japan has been doing for the last 20 years. Also, just like in the ‘30s, we are going to get the same result which is persistently high unemployment and generally declining global economic conditions unless drastic steps are taken – and the cure to our problem is staring us right in the face. [ Let me explain.] Words: 760
So says Toby Connor (www.goldscents.blogspot.ca) in edited excerpts from his original article*.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.
Connor goes on to say, in part:
Every two years our senses are assaulted as politicians spew an endless stream of nonsense in the attempt to garner votes from a mostly unsophisticated American population. This year the major topic, not surprisingly, is jobs. Each and every politician would like you to believe that he or she has the cure for the persistent unemployment problem. Of course it’s all completely ridiculous.
The Problem
You would think these people could read a history book. Never in history has government been able to legislate productivity. Governments just misallocate capital. They tax one group of people and give the money to another group of people to dig holes. Of course, once the hole is dug or the road built, that job expires. It’s not a sustainable productive use of capital.
The Solution
Real productivity is entrepreneurs creating sustainable companies that satisfy a human need. AAPL is a sustainable business satisfying a human need. GOOG is a sustainable productive business. XOM is a productive business. None of these companies were legislated into being by government.
What we need to do is allow human ingenuity and creative destruction to actually cure our problems. The biggest problem the U.S. faces today is the triple threat of Social Security, Medicare, and Medicaid. These three entitlement programs have bankrupted the country, and let’s be honest, there is no way any politician can possibly reform these programs, or even attempt to do so, and have a prayer of getting elected.
Specifically, We Need To…
Here’s how to cure our problem:
- make Social Security, or government health programs obsolete…
- allow capitalism to work and insolvent companies to go bankrupt.
- funnel taxpayer dollars that are now flowing into the endless black hole that is our current financial system and government stimulus programs into the biotech industry, and
- rather than fund expensive surgeries or endless treatments that only manage symptoms, we need to discover real cures for disease, injuries and aging.
Yes, what I’m talking about is a complete overhaul of the global healthcare system – creative destruction on a massive scale. Yes, some industries are going to suffer and go bankrupt, like health insurance, many doctors, and a big part of the pharmaceutical industry but millions and millions of jobs will be created and when we reach the stage when we actually cure diseases, especially as related to aging, we will eliminate the gigantic burden the three big government entitlement programs.
If people can remain healthy and active for their entire life there will be no need for Social Security benefits and Medicare and Medicaid. These programs will become a thing of the past, as most diseases, and injuries will be quickly and easily reversed or permanently repaired.
Conclusion
Instead of the same old nonsense drivel we get during every election, it would be refreshing if politicians understood the real problems, and the real cures, and put in place policies that would actually have long-term benefits and accelerate the transition through these dark times and into the next Golden age. Congress, are you listening?
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*http://goldscents.blogspot.ca/2012/08/congress-are-you-listening.html (To access the above article please copy the URL and paste it into your browser.)
Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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Here is my solution:
This is all the US Gov’t. has to do is to:
1. Reduce the Military spending since that is the majority of our budget
2. Remove all off shore tax havens that the RICH and Corp.’s use to NOT pay taxes
3. Increase the taxes a little bit on the upper 1 % of American tax payers
4. Start offering home refinance loans 1% over what the Banks pay the FED
To home owners with good mortgage payment histories if they do energy
Upgrades which will make the Country GREENER.
5. Start De-Commissioning Nuclear reactors ASAP, the USA cannot afford to
RISK a Trillion Dollar Eco-Disaster like Fukushima, plus the 100’s of Billions
That De-Commissioning will cost will help jump start the Economy.
6. End the Wars (including the War on Drugs) ASAP, then use those savings to
Start a National Upgrade of US Infrastructure and or pay down our Debt.
These 6 things will jump start the economy and put America’s future back on track.
DONE
RE: “The biggest problem the U.S. faces today is the triple threat of Social Security, Medicare, and Medicaid. ”
The author of that article is TOTALLY mistaken, those programs are ONLY 6% of the 2013 Recommended Discretionary Spending, while the Military budget is OVER 60% (and that does not add in all the secret or “Black” programs)!
http://www.OneMinuteForPeace.org
The Gov’t needs to end the Wars (including the War on Drugs) we are not winning and get back into making things better in the USA by rebuilding our infrastructure ASAP, before China buys all the Earths raw materials needed to it with.
Articles attacking Social Security, Medicare and Medicaid are nothing but a cheap shot at all those that have the least ability to defend themselves.
See the book: Red Alert, for much more on that.