While a solution to our massive $2.1 trillion deficits will likely involve a combination of spending cuts and tax reform, if only to find compromise between both parties, there is a logical argument to be made that spending discipline should come before any tax increases. This video makes the case….
Healthcare is the largest part of the US government (all healthcare programs combined), extremely complex, and growing faster than our economy. If we are serious about addressing our huge deficits and debt, we need to reform our public healthcare programs. There are no easy options and we hope that this
This video explains how old members of Congress are, how long they have served, and whether older members tend to have more concentrated power than other members. We conclude that while term limits make sense, they will not be sufficient to stop the uncontrolled spending by our government. For that,
Who in Washington is actually responsible for pulling all of this together and fixing it? This video answers that question, with the transcript that follows. The surprising answer is: There really isn’t one person or committee in charge of the entire federal budget. And that helps explain why fixing our
It used to be that our government paid for costs as they arose and maintained a pay-as-you-go fiscal discipline. Not any more. One reason is that politicians have figured out that it is much easier to promise things today and borrow for them so that no one feels the cost
One of the reasons we are in the debt and deficit troubles we face now is because, over at least a century, we have shifted priorities from civil rights to economic rights. Both have always been important, but the idea that government must provide for economic “rights” has led us
This video shows one scenario to eliminate our $2 trillion annual deficits with a combination of spending and tax reform. This is just one scenario. You can play with the numbers using any AI program and see what you think. Perhaps you want more, or even only, spending cuts like
What would it take to cut our $2 trillion annual deficits without cutting any spending, but instead just by raising taxes? Following is one scenario, explained on video and with a chart that follows with the numbers quoted. This is not a policy recommendation. It is only meant to show
What if we balanced our $2 trillion U.S. Government deficit just by cutting programs? The chart below shows that the “easy” fixes only get us to about a quarter of the goal. Then we have no choice but to look at the biggest programs, including defense, programs for our veterans,
This video explains why Social Security is in trouble and a number of options to fix it. Enjoy!
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