How out of control debt is the problem

October 2, 2011

Politics/National Debt

This is a very good and easy to understand explanation of our debt problem, the cause and the inevitable solutions. Would a current president confiscate personal wealth such as gold, like FDR did during the Great Depression? Could it happen again. I remember reading that at the turn of the century a $20 gold piece could buy a man 2 nice suits. Today, that same $20 gold piece could buy….2 nice suits. That is inflation folks!

About laura997

Ordinary citizen concerned with the direction our country is headed.

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5 Comments on “How out of control debt is the problem”

  1. Ben Hoffman Says:

    In the year 2000, we had a balanced budget. All we need to do is reverse all the damaging policies that created the enormous deficits, like the Bush/Obama tax cuts and defense spending.

    Reply

    • laura997 Says:

      Agreed, along with repealing the health care act, the EPA carbon dioxide (GHG) emission regulations, eliminate the DOE, Dept of Education, HHS, Sarbanes-Oxley, Dodd Frank, stop subsidies of all green energy programs, on and on. The spending has to stop. It is not a tax problem it is a spending problem.

      Reply

  2. Andrew Jackson Says:

    Hi Admin,

    I am Andrew Jackson. I am a financial writer and want to contribute a guest post for your blog :-right-reason .com and it will be only published on your blog.

    I will send my article as an attachment in the .txt or word format.

    Hope you would like my proposal and give me an opportunity.

    May I send my article?

    Best regards,
    Andrew Jackson
    Skype Name:a_jackson051

    Reply

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