Sunday, February 20, 2011

You are in debt!

Awe yes thank you Ben for awakening me from the dead. I do have a few complaints about the weather…burr its cold… hmm I can’t seem to leave my house so I suppose I will have to post here to share my input over the problems concerning the large federal deficit. The events and policies of the administration’s control have created an economic downturn. I recently came across an article on the internet written by James Horney, where he stated that “if current policies continue without changes, deficits will likely approach those figures in 2010 and remain near $1 trillion a year for the next decade.” I was surprised to read his prediction and then relate it to the current U.S. national debt of $14,135,548,836,717, which is fourteen times as much as he said it would be. Also, I recently noted that the national debt increases an average of “$4.13 billion per day” which is absolutely insane! My grandchildren’s, grandchildren’s, grandchildren will be paying this off for the rest of their lives!

I argue that Western democracies have “progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past (16).” Socialism, which is thought to ensure equality and abolish hierarchical statuses within the government and administration, it actually does the opposite. I have been able to watch and evaluate this type of centralized planning that is going on today in the United States and I think that this is undemocratic because it takes away the freedom of the individual. The government is spending money on unnecessary things and is forcing higher income individuals to pick up the slack of others. This is cheating you people of your freedom. So in order to decrease the federal deficit, my advice is that the government should cut unnecessary spending and unnecessary social programs. Also, the government should not intervene at all in free market because there is a “danger of tyranny that inevitably results from government control of economic decision-making through central planning.”

Again, thank you for letting me give you some advice. Good luck to all.

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