The new economy and Congress?
Supply side economy is improving not because of Congress passing new laws everyday, but because Congress is slowing down spending. Budget remains about $1.7 trillion each year since Bush administration raised it to $1.6 trillion. Interest rate paid by the debt financing give the country a 5-6.8% increase in monetary expansion. Buying back national debt with monetary expansion will save this country trillions of dollars of compounding interests in the next 30 years. This is a major direction where efforts to purchase back national debt is the first agenda to consider.
Social security spending of $300 billion each year is too large for any private efforts. Insurance companies only make 5% on money collected, therefore impossible to make payments each year of $300 billion. Pension funds has a similar perspective. Both depend on more income and less payout. Where social security has a problem from zero population growth, because new subscribers are not enough to support the growing number of retiree. Population is now increasing. However, the surplus of $60 billion from previous years'$50 billion, indicates we are in the right direction. It is fixed by population increase and better earnings towards top of the payment range for social security tax. It is the plan and will be for social security recipients to work part time, then work full time. To get out of social security; is to get our freedom from low income constraints.
Military budget is changing from hardware R&D to upgrade of existing hardware. To be ready in war; production capacity is more important then producing more arms which will come back to haunt us, in time of defacto peace. War is won by having superior numbers of arms, and of men; when war is inevitable.
Intelligence spending is going to be changed, not for adversarial spying and counterspying. But to collect intelligence of resource management and keeping territorial integrity. Defacto peace can not allow any plans and plots to break peace where it already exists. Budget therefore has to be void of clandestine personnel, but more collectors. Less of signal generators and aerial surveillance is needed; more of personnel qualified for resource management. World wide information of weapons and men has to be classified. Territorial environment for military strategists should be data collected. Organic and inorganic matters from the core of the earth has to be classified and found around the world.
Medicare and medicaid having a surplus of $10 billion or more last two years; shows us that we are in the right direction of health care. Not to buy catastrophe insurance, but to eat and sleep well for our daily heath care. Social security people especially are well cared for, with the CPI increases of the last three years.
Government workers got 2.9% CPI increase while social security people got 2.1% CPI increase. Where is the sense of fair play on CPI increases in Congress? Voters should tell Congress in this year's election. |
