Tuesday, October 24, 2006

Dealing With Debt


I like the
Constitution Party of Ohio platform in the area of money and banking, which In part reads:

Money functions as both a medium of exchange and a symbol of a nation's morality.

The Founding Fathers established a system of "coin" money that was designed to prohibit the "improper and wicked" manipulation of the nation's medium of exchange while guaranteeing the power of the citizens' earnings.

The federal government has departed from the principle of "coin" money as defined by the U.S. Constitution and the Mint Act of 1792 and has granted unconstitutional control of the nation's monetary and banking system to the private Federal Reserve System.

. . . We support a debt free, interest free money system.

U.S. NATIONAL DEBT

What we have in America today is a tremendous deficit. We spend more that we are taking into our treasury. We are printing paper money we do not have. We are IOU-ing our future. We have a great trade deficit; we are bringing in more goods than we are selling. The following give us a glimpse of the staggering debt that we have amassed as a nation.
Source.

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 24 Oct 2006 at 11:06:28 PM GMT is: $8,556,315,622,395.65. The estimated population of the United States is 300,059,496 so each citizen's share of this debt is $28,515.40. The National Debt has continued to increase an average of$1.60 billion per day since September 30, 2005!,Concerned? Then tell Congress and the White House!

We must elect conservative politicians who will get a reign on our rising deficit and trade imbalance. We need to stop borrowing from social security. We must make tough political decisions to cut funding and to look to faith-based initiates to once again pick up their God-given responsiblity to serve the poor and to minister to the whole person, body, mind and spirit.

INDIVIDUAL DEBT

Like our government, we Americans spend more than we make. Many of us are in debt. Jackson Lears wrote in The New York Times, in an
article entitled, "The American Way of Debt" concluded it saying, "Whatever else our current indebtedness may signify, it is hardly a riot of hedonism". I disagree. We live beyond our means. We live too much for our own pleasure. We live only for today. We do not save, then we are crippled by a major medical catastrophe or loss of a job or some other set back.

We need to follow the biblical injunction, and basic Judeo-Christian principle "Owe no man anything." This applies to both our nation as well as to individual Americans. It is about time that we [I] reintroduce ourselves [myself)]to sacrifice, savings and delayed satisfaction. Our objective as a nation and as individuals is to set our country and ourselves on a course to be debt -free. It can be done, it takes sacrifice and discipline and having right priorities. Let's make A Good Choice and get out of debt and expect our elected representatives to do the same with our taxpayer funded government funds.

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