Prepare yourself for another sad but factually correct rant on the real problem facing ALL AMERICANS.
Well at least 99% of us.
I know I sound like 2008 Bernie Sanders but I’m not blaming “the rich” I’m, correctly, blaming decades of lies and mismanagement.
Spending Ourselves to Death
Entitlements, interest payments and defense account for more than 100% of tax revenue.
2024 by the Numbers
Federal Revenue: $5 trillion
Mandatory Spending: $5.2 trillion (at least)
* Entitlement Programs: $3.5 trillion
* Interest Payments: $.9 trillion (estimates as high as $1.2 trillion)
* Defense: $.8 trillion
I’m not Issac Newton but I know 5.2 > 5.
In other words, we can’t even afford to pay for promises we’ve made to Americans or for the military to maintain global dominance/protect world reserve currency status.
How do we solve this problem?
Good news - we have options.
* massive economic growth
* flat tax
* deregulation
* “emergency powers” to get around Green Communist agencies and judges
* deregulate health care
* Public/Private partnerships for massive energy projects
* AI/Robotics
What about tax cuts or increases inside the existing system?
Nope. Barely moves the needle.
Tariffs?
lol. No.
Reduces revenue in the short run.
Gold Run
The price of gold is absolutely ripping.
Or, put another way, the dollar is losing value.
What does this mean and should we care?
* reduction in purchasing power…of gold.
* typical solutions
* raise interest rates
* find efficiencies
* AI/Robotics
* REDUCE GOVERNMENT SPENDING
* fiscal driven inflation
* Fed can’t solve without massive pain
* 18% interest rates in 1980s
* at 18% more than 100% of tax receipts go to interest so that isn’t happening
Live Free,
Kalian
Subscribe today…or the Commies win.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mericavstheworldpodcast.substack.com
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