Is There Hope Yet for America?
What will the dollar be worth? (It’s declined to one-third the value it had in 1971, you know.)
I hate to seem a bearer of bad news, but these are just the facts, folks. If you think it’s too unpleasant to think of these things now, wait ‘til you see what it’s like in 5 or 10 or 20 years. And then, it’ll be too late to do anything about it.
Fortunately, there’s a way to turn around the decline of American life. Politicians like to blame the decline on outside forces: drugs, terrorists, whatever – but the truth is, most of our current problems come from the growth in size and expense of government. Blame the politicians who’ve been in office over the past 70 years. Both parties.
Because of the growth of the size and expense of government, it takes two parents to bring in enough income for a family. What time is left to spend with the children, guiding them through their most important years? We have to pay someone else to raise our children now! I believe this is the cause of so many kids developing “bad attitudes” and going wrong – their parents aren’t able to raise them. There are some things we can’t delegate!
Our federal government and the TV took over raising our children in the 1970s, when rising inflation (a government creation, as we’ll show later) caused both parents to have to work.
Look: Our government on all levels takes 47% of our income on average (1995 figure); it commits us to wars that have nothing to do with the security of our homeland; it gives away Billions of our money to countries like Israel (www.CIAfactbook.gov/Israel), where the average citizen is better off than a lot of us; it fights a war on drugs and we have more drugs than ever.
Both parties favor more government to solve our problems. Well, How’s that working? Any problems been solved lately? (In fact, all the parties, except one are for bigger government, which means more taxes for you.)
How’s the Middle East? War still going on in Iraq?
Perscription drug costs come down yet?
Health Care Costs down yet?
Has Uncle Spendthrift learned to live within his budget yet?
Is the dollar buying more or less this year?
Face it, friends: Our government in Washington has done a spectacularly bad job of managing our affairs – and they haven’t done it cheaply, either. Our state and local governments also have more problems and require more money from us to solve them. Together, Federal, state, and local taxes eat up about 47% of what we earn.
And beyond having the nerve to ask for more money to try to fix the messes they’ve made, federal monkeying with things through the burdens of recordkeeping and compliance issues, they have caused the price of nearly everything we buy to go up!
Example: Due to Food & Drug Administration red tape, it costs a pharmaceutical company $100 million to develop a new drug. They won’t even try to find drugs to benefit rare conditions – there’s not enough money in it. So, the Feds have raised the cost and length of time to develop the drug, that cost gets passed along to you, the consumer. Government micromanaging and paperwork causes you to pay more for your prescription drugs.
Have you taken a look at what the Federal Debt is, lately? Check www.shadowstats.com/ for the real story on our current federal debt. At the rate we continue to go further into debt, what do you think is going to happen at some point down the road?
Well, as Robert Ringer has said, “If our government can collect taxes, print money, borrow money, and change the rules and terms of payment, and it still can’t live within it’s allotted budget, we’ve got a problem.”
My guess is – and this concerns your retirement – the US will have to inflate and/or default its way out of a lot of financial commitments. And, as huge as the debt (including commitments to back up unfunded pension liabilities) is, it’s going to take a LOT of inflation to make even a little of it go away!
And that’s going to make however much you saved for retirement worth a lot less. It won’t be enough, chances are.
Big government is only good for itself and the big businesses (and countries that can lobby for special favors. It is not making America a better place to live, is it?
The answer isn’t Republicans or Democrats, either. Both took turns presiding over this slow, subtle downfall of our country. Both parties put us into unwinnable wars and ran up phenomenal debts for our grandchildren to pay. The Green Party and Constitution Party are still big government parties, so - to me - they are not the alternative we're looking for.
So, what are we going to do about it? Something better start changing it soon before all us Boomers start retiring. Will Social Security be there for us? Doubt it! Will it be safe to walk the streets at night? Is it now?
There is good news, though. There is a third option – a third party that stands for all the principles of small government that made this country great. The Libertarian Party. And the turn-around of America is just as simple as telling your friends and going to vote.
We still have the right to vote – and we have a better choice, a slate of Libertarian candidates who aren’t financed by special interests, but do have a coherent system of principles very much in line with the ones on which our country was founded.
Because the Libertarians aren’t financed by the big-money interests that have been running this country for their interests, not ours, we have to rely on word of mouth, volunteers, and election contributions from citizens like yourself. (Libertarian candidates are usually excluded from political debates.) Thanks to the Internet, spreading the word just got a lot easier for you.
This peaceful, digital revolution is do-able. And if you think about it – what’s the alternative? More of the same? A steady, or maybe a more rapid downslide for the economy, more regulations that make it harder to create jobs in this country, more crime, more war, and more terrorism here – all coming at a time when we, the working generation, want to be settling down for a comfortable, safe, and quiet retirement.
A financial panic is waiting in the wings - it's time to begin correcting the course of the US, while it's still possible.
So join us! Spread the Libertarian word – there is an alternative and it will be better than the same-old, same-old government that got us into the fix we’re in.
Now I am just a simple guy, no degrees behind my name, no syndicated column in the newpapers, but I can do the math. I have heard Albert Einstein say that compounded interest is “the Eighth Wonder of the World.” I believe him and other smart people who say we’ll never be able to pay off that debt.
So, it’s not going away even if we ignore it – and the folks in Washington keep spending like there’s no tomorrow (it's not their money!), so the Debt Bomb has got to explode during the twenty or more years we’ll be retired – and I’m just saying "We ought to take care of this now and not wait."


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