United States: Economic Crisis

The United States U.S. Federal Debtis in an economic crisis. This economic crisis is one of the worst, if not the worst, in our nation’s history. There were complex factors in play for many years that contributed to the creation of this crisis. There are, however, just a few bold moves that can reverse the trend thus preventing a economic catastrophe.

The leaders of our great nation, must cut federal spending while increasing federal revenue without raising taxes. So we need a leader with the courage to set a target of federal spending cuts, as a percentage of GDP, and cut nonessential programs and bureaucratic overhead until the target spending cuts have been achieved. Our economic crisis is a federal emergency, so these cuts should be swift and decisive.

Then our leaders need to create substantial increases in federal revenue without raising taxes. This can be accomplished by unleashing our nation’s energy industry. The federal government needs to deregulate and promote the production of natural gas, petroleum and coal. The federal government can accomplish this by fast tracking permits for energy production on federal lands while providing incentive to start that production in the very near term.

This quick and simple strategy would put millions of people back to work while producing the federal revenue required to address our nation’s crushing debt. The vast migration of the unemployed back into the work force would provide great relief for the depressed housing market.

The national debt, the employment situation and the depressed housing market sustains our economic crisis and rises to level of a national emergency. If we are to rise to the challenge of this emergency, bold initiatives must be implemented in months, not years. Otherwise the economic crisis will degrade into a catastrophe. An economic catastrophe, would result in a crippled declining economy that would last for decades. Such a crippled economy would produce long term pain, misery and desperation for the middle class and would be absolutely devastating for the underclass as upward mobility would grind to a standstill.

There is only one team that has anywhere near the experience to turn this grim situation around. That team is the Mitt Romney – Paul Ryan team. Mitt has extensive experience flipping large failing organizations into success stories and Paul Ryan has unmatched expertise in the mechanisms of our national economy. We may have only one more shot at preventing our economic crisis from turning into a national disaster.

Choose to stand to the challenge.

Choose to Restore the United States of America.

Cast your votes for smaller government, less federal spending and serious federal debt reduction policy.

 

Wealth and Prosperity

What are the Building Blocks for Wealth and Prosperity?

Reduced to thWealtheir essence, wealth and prosperity are the result of an ever increasing demand for finished goods. The four building blocks to create wealth and prosperity are the demand for finished goods, the natural resources which provide the raw materials, the energy required for production, and the human creative spirit to imagine and create the vast cornucopia of things people want and need.

Now that we are in a great national recession and part of a great world recession, let’s look at how a nation may approach aspects of wealth and prosperity.

How can the United States help restore the flow of wealth to its organizations and its people? The governing institutions can have, if they choose, a large positive affect on three of the four building blocks and have a significant effect on the fourth component.

MoneyFirst we need to make a friendly environment for the harvest of natural resources. Ease of obtaining permits, reduced regulation and research initiatives for the discovery of future natural resource reserves. There can be regulatory and environmental considerations, but they can not be hostile or repressive to the effect of bringing the harvesting of resources to a crawl or a stand still. Continue reading