Recent information stories remind me of an old Sunday Peanuts comedian strip. Snoopy is out jogging one particular working day when his knees get started to complain about the punishment they are using from the jog. The toes then chime in about how they are using the most pounding and how much they hurt. The lungs then volunteer that they are absorbing the most punishment given that they have to work so challenging pumping air into the overall body. The ears even complain about how cold they are and why have been they exterior jogging in any case. At that level, the coronary heart claims a thing to the impact that they are jogging for the coronary heart's gain mainly because if the coronary heart goes, every little thing goes. At that level, all overall body components go silent and the jog carries on.
So it goes with the Federal spending budget deficit and our skyrocketing nationwide financial debt .. If we can not correct our fiscal situation, very little else matters. Considerably like the coronary heart, if the financial foundation of our nation is wrecked, then very little else has any significance. You can not even discuss about world warming, a nationwide electricity software, improving upon general public universities, preventing drug dependancy, defending the nation, aiding out the needy, developing and maintaining occupation progress and economic progress, very little else. If the coronary heart goes, it does not matter how solid your legs are or how much air your lungs can pump. Considerably like the coronary heart, seem fiscal plan can make every little thing else achievable.
The severity of our fiscal distress was not too long ago introduced to brain all over again even though studying the May perhaps 31, 2010 difficulty of Business Week magazine. In a limited blurb, Business Week asserted that full US financial debt, as of May perhaps 26, was $ 12.996 TRILLION. Offered that we are now earlier that date, I feel it is safe to believe we have broken through the $ 13 TRILLION threshold. What does this indicate:
– At $ 13 TRILLION, the common US home is on the hook for about $ 113,000 truly worth of govt financial debt. Because the govt does not create prosperity, it can only confiscate prosperity from its citizens, at some level we are all dependable for spending down this financial debt.
– At $ 13 TRILLION, each male, lady, and boy or girl in the nation is dependable for about $ 42,000. As a result, a family members of 4 is on the hook for about $ 168,000.
– The Obama administration's 10 12 months spending budget plan phone calls for yet another $ eight TRILLION or so in financial debt to be accumulated by the Federal govt, boosting just about every home's financial debt stress to about $ a hundred seventy five,000 if very little is accomplished to adjust the trend.
– Previous summertime, Forbes magazine ran an article in which they estimated the full prosperity of the 400 richest Americans. As an illustrative illustration of how big the Federal financial debt is, believe that the Federal govt confiscated the full prosperity of these 400 Americans. Their full prosperity, not their earnings, so this confiscation would be a one particular time shot. The full prosperity that could be confiscated was estimated by Forbes in the article to be much much less than $ three TRILLION. As a result, soaking and bankrupting the wealthy will not come near to spending down this skyrocketing financial debt, each US dwelling and to be born in the foreseeable long run, is dependable for a large portion of this $ 13 TRILLION.
– From a flexibility point of view, you can not are living in a no cost nation if the political course and the govt in that nation stress you with this kind of financial debt. By working up this kind of a huge deficit, a deficit that we will all have to pay down or undergo the effects of default, we reduce our flexibility to devote our prosperity on what we want to devote it on. We can not send our kids to a improved university, get started our individual business, retire when we want to, support out a charity or blow it all in Las Vegas.
Give the dire situation of our county's coronary heart and long run, what has the political course been retaining by themselves busy with in the earlier 12 months or so:
– Congresswoman Anna Eshoo of California and her staff members have been busy operating on laws to Federally regulate the seem quantity on television commercials. Hardly ever brain that Tv set watchers can mute the seem, adjust the channel, depart the home to get a thing to take in, quick forward on their DVR machines, or just overlook the Tv set for 60 seconds. Why work on soaring deficits (and other big nationwide challenges) when the Tv set professional seem quantity difficulty is so pressing?
– Congressman Jim Moran and his staff members have been busy investigating no matter if male dysfunction television commercials really should be banned. I did not know this was so essential possibly. As with Ms. Eshoo, allow's overlook true spending budget and financial concerns struggling with America and work on ED commercials.
– Congressman Thaddeus McCotter and his staff members have been busy operating on laws to provide up to $ three hundred a month in earnings tax deductions so that the unemployed do not have to set their pets up for adoption. Probably if his staff members and he have been operating on how to get America operating all over again, which would improve tax income to pay down the deficit, there would be no have to have for this preposterous software that would never be capable to be tracked and would be rife with fraud .
– Hawaiian Senator Daniel Inouye's and his staff members have been busy aiding a bank in Hawaii get bailout revenue from the FDIC following the FDIC decided the bank was not truly worth preserving. Turns out that the Senator had invested greatly in the bank and stood to reduce a load of revenue unless the bank was saved by the American taxpayer.
– Ex-Congressman William Jefferson of Louisiana was busy obtaining convicted of using bribes and was sentenced to 13 years in prison. You may remember that Mr. Jefferson was caught with frozen bribe revenue in his household freezer.
– Also, Congressman Randy Cunningham was busy obtaining sentenced to eight years in prison for using $ 2.4 million in bribes, Congressman Bill Ney was busy obtaining sentenced to two and a fifty percent years in prison for using bribes, Congressman James Traficant was busy obtaining sentenced to seven years in prison for using bribes, and the bulk of ex-Governors of Illinois have been possibly busy serving prison time, have served prison time, or may soon deal with prison time.
– 60% of the Congressional users sitting on the Dwelling Armed Companies Committee have been busy receiving marketing campaign contributions from the really corporations that they had previously earmarked pork barrel spending budget revenue for.
– Congressman Charles Rangel of New York was busy remaining investigated for a range of ethics violations together with, but not limited to, non-declaration of rental earnings, particular property, and other earnings.
– Fifty Republican Congressmen and girls have been establishing laws to switch Ulysses S. Grant's image on the $ fifty bill with Ronald Reagan's image. Offered that all US, currency will soon be worthless unless the nationwide financial debt is introduced below control, this looks like a pretty worthless endeavor.
– Each member of Congress has been busy in the improvement of the above 11,000 wasteful earmarks and pork barrel expending applications, in the most current Federal spending budget, for their household states and districts, the vast bulk of which are very little extra than re-election badges for incumbents and all of which exacerbate the huge govt deficit.
As a result, fairly than fixing the one particular big dilemma on which all else depends, many users of the political course selected to work challenges that would possibly not even make America's major fifty worries (Tv set commercials and doggie deductions), have been busy using bribes and / or serving time for using bribes, or have been busy diverting taxpayer revenue to their individual personal gain. Obtaining back to the Snoopy and Peanuts analogy, these politicians are busy placing earmuffs on cold ears and or tightening up their scarves even though the overall body is in the center of a large coronary.
That is why it is important to vote out all incumbents in November and put into workplace a new breed of politician that realizes what the big concerns are struggling with this nation, with fiscal soundness remaining the most important. We have to have new reps that can acquire unselfish, daring motion to correct and tackle individuals concerns. Listen to Snoopy, correct the coronary heart first and then every little thing else is achievable.