Devotion to the Real Issues

There are Those who imagine that We can still establish a rational federal budget, and discuss how the Takeover of Fannie and Freddie will impact the budget. A Word of Explanation to my Readers: No fiscal stability can be attained, if the federal government continues to expand its commitments; Tax revenues are shrinking, not expanding. We have a dying Hog here, and One which cannot even pay for its own feed. There will be continued expansion of the deficit, as long as there is no reorganization of the tax laws. One can Spend, but One cannot Spend with balanced budget unless there are generated Tax revenues; the Economy will not raise those revenues simply by expansion–an estimated 14 years of expansion at current Growth rates to cover current Expenditures, and We literally cannot borrow at these Rates for 14 years. The fiscal debacle will have to be resolved within the next Presidential term, or We will have to adopt the Third World option of reneging on Our debt.

There are also Those who worry about the Presidential Debates, and the Questions asked during these Debates. I believe that Candidates accept only those Questions they desire, in the context they find acceptable, and will not debate if there is deviance from their chosen format. I think there should be a Internet site established called ‘Debate Questions’ where Questions could be advanced by the general Public, and voted upon: those Questions getting the 50 highest rankings in the Voting being mandatory for the Candidates to answer. The difficulty comes in the Candidate ability to deny these Questions. That is a State of Being which is unacceptable, and should be rejected by both Democrats and Republicans, because their lack of answer leads to Voter ignorance about the important issues.

Here may be the real Problem affecting the next Presidential administration, and the one which will cost the Economy the Most. The continuance of such Hiring practices will not only reduce Tax revenues, require major Unemployment and Welfare benefits, but worsen the Mortgage Crisis substantially. The trouble, though, may be endemic and hard to eradicate. The next Recession may induce permanent alterations in Spending patterns, and result in major long-term reductions in Payrolls. The Government will be needed to soften any such impact, requiring alteration of Government Expenditure patterns to accomplish the new Goals. We should ensure that the Presidential Candidates discuss the necessary issues, not nonexistent realities which will not come. lgl