An economy in trouble

8 years ago, under a Democrat president, the economy was booming and we were running a surplus on current year finances. 

The national debt today is $9 Trillion – a tenth of that has gone to to finance an unnecessary war badly fought.  We are right now in danger of bankrupting our military, since we have worn out our equipment and can’t pay to replace it.  The war has tripled the cost of oil, the lubricant of our economy.  Lack of regulation has let criminal mortgage brokers and greedy bankers create an economic sinkhole that almost ruined the value of the dollar this week. 

I got an email from a political compatriot who said he didn’t feel the war is the cause of our high taxes and prices. “I think it’s the waste in government, social out of control programs and stupid environmental programs that are not needed and totally wasteful. I’d like to see Congress give up two years of their salaries or more to fund their needless programs. We need the Fair or Flat tax to take their greedy hands out of our pockets.”

You couldn’t find competent legislators to serve for no pay (I’ve personally saved over a Billion dollars of federal expenses not made, but still look forward to my biweekly federal salary.)  There’s not much waste in government (as a proportion of the GDP) – it makes the news because it’s rare.

What programs should we stop?  Fuel economy standards?  (A return to 10mpg will drive the cost of fuel to $300 a barrel.)  Cut the SSI payments to teachers with 40 years of service who retired 10 years ago at $40k), who now live on $1000 a month? (When she died, the insurace share of prescription drugs of a woman I knew ate up her entire monthly SSI check.)

What we need is a national strategy (and a leader to implement it).  Come back, Mike Huckabee!

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2 Responses to An economy in trouble

  1. […] Telecommies wrote an interesting post today onHere’s a quick excerpt 8 years ago, under a Democrat president, the economy was booming and we were running a surplus on current year finances.  The national debt today is $9 Trillion – a tenth of that has gone to to finance an unnecessary war badly fought.  We are right now in danger of bankrupting our military, since we have worn out our equipment and can’t pay to replace it.  The war has tripled the cost of oil, the lubricant of our economy.  Lack of regulation has let criminal mortgage brokers and greedy banker […]

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