Day: August 12, 2019

Been There, Done That and Got the Political T-Shirt, Bumper Sticker to Prove It!

America is on the precipice of change. And Hopefully not the change the administration had envisioned when elected 2 years ago. This past Presidential Election proved like never before (at least in my lifetime) that elections, Presidential Elections in particular have consequences. The Healthcare reform law that the majority of American’s stood up against, the Cap and Trade Bill which is sitting in the Senate waiting to be voted on after this midterm election and bail-outs of banks and government takeovers of auto-manufacturers that came to be within 18 months after the 2008 election are all mind boggling. The burden just these three assaults on our economy will create is still incalculable (new word I made up). The burdens are not exclusively financial but also detrimental if not down-right destructive to the core principles our Founding Fathers established in the Declaration of Independence when freeing the people of the colonies from tyranny, and also violently against the tenants of our country’s Constitution.

The financial impact, the stark reality of our national debt, now over 13 trillion and counting, is not making America a stronger country. Sadly, apparently most American’s have forgotten just how big the number one trillion is. It is tossed around like it is chump change. Putting it into perspective and using seconds of time as a form of measure, one million seconds is 12 days, one billion seconds is 30 years, and ONE TRILLION seconds  you ready? It is 32,000 years. That’s insane, right? Well, try 13 trillion for our national debt with a projection of closer to 15 trillion before this current administration’s term is up. That is not only insane, that is unsustainable. The National Debt is a travesty and an abominable legacy we are leaving future generations, assuming there is even an America as we know it to leave to them. And folks, this does not even begin to cover it. There is the interest on the national debt and the more money we borrow (from other countries) the likelihood the risk for countries to lend to us goes up and our credit is hit with a higher interest payment. And don’t get too comfortable with 13 trillion as our country’s liability. That is just the debt and does not even begin to touch our unfunded liabilities of Medicare (parts, A, B and D) which totals approximately $89.3 trillion along with Social Security unfunded liabilities of approximately $17.5 trillion. When adding these liabilities to our national debt the total is astounding and breathtaking all at  totals over $118 trillion! What is that times 32,000 years? Holy-molly! Can we say, ‘start the printing presses Batman because where else will we get the money?’ And what does a glutton of currency in the market do to an economy? Anybody? Anybody? It creates super-duper, crazy – as in, wheel-barrels-full-of-money-to-buy-a-loaf-of-bread-inflation. Well, that is just lovely. What can we do now?

There is a growing segment of our citizenry that could see the destruction that lay ahead should the …