This is an American problem that’s been growing for decades. If we don’t get started reversing this ship we’re going to crash on the rocks of bankruptcy.
The best way to start getting out of this mess is to stop spending.
If America was a family of ten children, how could the parents reasonably expect three to sacrifice while the other seven continued spending in an unabated fashion? Everyone must work in a cooperative effort, to share in the sacrifice. I wish I could count the stories my grandparents told me about the shared sacrifices required to make it through the Great Depression.
But reducing spending is only a portion of what’s needed. We also need to grow the economy and put people back to work. Unemployed workers don’t contribute either tax revenues or wealth production. Businesses are making more money than before because their overhead has been reduced as a result of layoffs. Those businesses won’t be chomping at the bit to rehire what they’ll now view as an unnecessary financial burden.
If existing businesses aren’t going to hire people back, America needs to create new business. I propose we immediately start producing domestic energy, roll back draconian regulations on both energy production and manufacturing, and lower labor costs, which means no card check.
Our present economic path is unsustainable. I don’t know about you, but I find no great comfort in the fact that lobbyists, revolutionairy Marxists, Goldman Sachs criminals and a community organizer are in charge.