‘Something’s got to give,’ is an old expression. It’s really very simple: Let’s suppose a government takes in $100 billion, and spends $150 billion. Or to make it easier to understand, suppose a worker makes $20,000 a year, and spends $25,000. The worker has a $5,000 deficit and the government has a $50 billion deficit. The worker can ask for a raise, and if this doesn’t work, he can borrow money to make up the difference. This can only work for a little while, because the loan to make up the difference, has interest attached to it, as well as payments. If the worker has a credit card, he can borrow on it, and pay it back gradually, but usually with high interest. Eventually, ‘something’s got to give.’
A government has other options, which will last longer than the worker’s solution. Government can raise taxes, They have. Government can borrow from anyone who will lend it. They have. Government can cut spending. They haven’t. Government can use inflation, which is the same as printing money, which the worker cannot. They have. The dollar is worth less than 5% of its value before FDR came into office.
FDR initiated the welfare state, which didn’t exist before his terms. When a government decides to give things away; ‘temporarily till things get better,’ is generally the excuse. You know, “We’ll give you this handout till you get your job,” or maybe “You’re too poor to pay rent, so we’ll institute a Section Eight program.” Perhaps, “Gee, you’re having a hard time? We’ll buy your food for you.” 43 million are on food stamps now. “Sick and broke? We’ll pay your doctor and prescription bills for you.” There are all sorts of handout programs: Probably in the hundreds, and usually they went into existence, ‘till things get better.’ When it all got started, maybe even with the best of intentions, government, president, and congress wanted to ‘help’ their constituents, but in the main, wanted to buy votes, which they did. It is more likely to force a ½” pole into a ¼” hole than it is to ever eliminate a welfare program. The legislators would surely not get re-elected, and naturally the recipients of the food stamps etc, had grown so attached to and used to them, they wouldn’t have the slightest idea of how to get along without them. We then have the public housing developments, which ruin neighborhoods, and fill them with worthless, lazy people who have been corrupted by freebies, and commit endless crimes. When you don’t have to work, you get bored, and rob people, spray graffiti, and destroy your neighborhood. ‘Work? Not me, I have welfare to feed me and pay my rent.’
Republicans and Trump are now trying to cut taxes, hoping to stimulate the economy and increase federal income. The federal deficit is hundreds of billions in the red each year, and Obama doubled it in eight years. Trump has all sorts of ideas to balance the budget, and they are admirable. Cut funding for programs, freeze federal hiring, bring money hack to America, build a wall to keep millions of potential welfare recipients out, get criminal illegals out, and prohibit more from coming in from foreign nations. All are commendable, but are not a solution. The solution would be to eliminate the trillions of dollars in welfare payments and subsidies each year. The U.S. Government has committed itself to close to $200 trillion in future welfare payments. The Constitution does not authorize welfare and subsidies. Clever congressmen and presidents have twisted the 14th Amendment, Section four to pass all the welfare and subsidies, but it is a travesty.
Citizens get tired of high taxes, crime committed by welfare recipients, lying congressman, and empty promises. They got so sick, that they elected Trump and a host of Republicans to hundreds of offices. Democrats promised never ending welfare, by continuing as before and enlarging it. Bernie wanted free college and free medical, and Hillary wasn’t far behind. The question is: “Will it work forever?” Can government continue to borrow, print, lie, and continue as it now is? No one has proposed legislation to eliminate welfare; only to stimulate the economy enough to cover the ever increasing welfare expense.
As an example, Obamacare promised health coverage for people with a pre-existing condition, which is the same as buying car insurance after you crash into a tree. Never in U.S. insurance history, has an insurance company been so stupid as to promise such a thing, but now Republicans are trying to get rid of Obamacare, and their solutions always include insurance for a pre-existing condition, which is contrary to economics 101, and pretty silly. “Who’ll take care of cancer patients?” is the typical outrage. Who did it before? It is not government’s responsibility to pay for my food, doctor, medicine, rent, heat, electricity, and welfare of all aspects, but thanks to 535 Senators and Congressmen, plus one President, over the years, we are becoming an ever more socialistic state. Socialism doesn’t work, and never has, except for a brief time. Our time is about up I am afraid. Fake news, fake statistics, exaggerations, and downright lies may have violated economic laws, which cannot be transgressed forever. That’s why we sell gold and silver! – Don Stott, 1-888-786-8822