The dollar has lost 90% of its value since the 1950's, and where 20 years ago a single income was enough to sustain a family, two incomes is barely enough today. To save the economy, we will stop wasting money overseas, balance the budget, reduce taxes, and have a solid monetary policy that promotes savings over debt that we pass over to our future generations.
Stop Wasting Money Overseas.
The war is costing us
Trillions of dollars, and that is not including the billions a year
paying for troops in over 130 countries around the world, defending
countries like France, Japan, and Germany who can defend themselves and
pay for it from their own economies rather than the backs of American
taxpayers. We need to charge these countries for having our troops
there or we need to bring them home.
The reality is the government is going bankrupt.
Everyone
knows about the $9 Trillion Federal deficit. We borrow $1-3 Billion a
day from Communist China, Saudi Arabia, and Japan, and we print money
out of thin air through the Federal Reserve causing massive inflation
and the collapse of the dollar. Gas
will soon be over $5 a gallon, health care is at an all time high, and food prices are hitting hard at the
grocery store.
Gas Prices and the Inflation Tax
Because of the excessive inflation caused by the Federal Reserve printing money out of thin air not backed by gold, the dollar lost over 90% of its value since the1950's. It has gotten worse in the last decade, as the Federal Reserve increased its money supply by at least 76% in the last 4 years alone, which is one of the main reasons for the rapid fall of the dollar versus the Euro and the high gas prices. In the 1950's, gas was $0.30 a gallon, but in today's dollars, after inflation, it would be $3 and change. Add the gas tax, and it brings it well over $4 a gallon.
The Federal Reserve, which is not part of the government, but a private cartel of banks, creates money which the Constitution states only Congress has the authority to do. And they do it in secret sessions with very little oversight by Congress. Their actions have caused a major shift of wealth from the American taxpayers to the banks and the wealthy. By printing money to pay for Congress's excessive deficit spending, they create a new form of tax, called "inflation tax" which makes the purchasing power of your dollars worth less every year, and devastates savings for retirement.
We need to move towards a sound monetary policy that promotes savings over leaving a massive debt for future generations.
Protect Our Senior Citizens and Veterans
What most people do not know is that Social Security, Medicare, and other entitlements are on a separate budget and is at a $53.3 trillion deficit,
as reported by David Walker, the former US GAO Comptroller General.
Both Democrats and Republicans have been stealing from Social Security
and Medicare trust funds to pay for their out of control spending. Each household now owes over $400,000.
The baby boomers are now entering retirement and within 20 years at the
current rate, the economy and government will collapse. This is the greatest threat to our national security
and no other candidate is talking about it. Instead they are looking to
significantly increase spending by expanding the war to Iran or
creating universal health care, each costing over $1 Trillion more in
the course of the next few years. How are they going to pay for it?
Raise taxes beyond the 4 month a year salary we are already paying?
Print money out of thin air with the Federal Reserve? Permanent
indentured servitude to China and Saudi Arabia? If the US was a
business, it would have closed its doors a long time ago, and the
collapse of the dollar is now reflecting that.