Home / Government / New Year’s Resolutions That Uncle Sam Didn’t Make
Print Friendly and PDF

New Year’s Resolutions That Uncle Sam Didn’t Make

Written by Gary North on January 3, 2012

Al Lewis has come up with a great list of New Year’s resolutions for the U.S. government. Fat chance.

I list just a few of them.

• Stop runaway deficit spending. Start paying down the $15 trillion national debt before it’s $20 trillion and counting.

• Fix Social Security and Medicare before the Baby Boomers retire en masse in five years.

• Address trillions in shortfalls at public and private pension plans as more people than ever start pulling money from the market to retire.

• End mortgage-foreclosure mess that popped the nation’s financial bubble.

• Do something — anything — about the student-loan crisis. Not everyone is cut out for school. Not every school is worth the tens of thousands in loans it takes to go there.

• Quit saying “too big to fail.” It ain’t.

• Prepare for the end of Europe as we’ve known it.

• Acknowledge we have not been recovering from economic malaise since 2008, but sorting through the wreckage of a global credit bubble.

• Admit the economy will never go back to normal, as we knew it. We fought two wars — and lowered taxes to pay for them. We created an entire industry based on loaning money to deadbeats. It will take years to even come close to fixing all that.

• Quit pretending there will never be inflation while printing unprecedented amounts of money.

• Quit pretending unemployment is improving when millions of people are simply giving up hope of finding a job.

• Quit pretending the nation’s gross domestic product is expanding in a meaningful way when it’s juiced by zero-interest loans to banks.

• Acknowledge, for once, that too many economic indicators are biased to the upside — which is the main reason we’re not technically in a recession, and one of the main reasons we’re still in this mess.

• Figure out what derivatives are, and how they are likely to unwind in a global debt crisis.

And the final: “Stop corruption in Washington, legal and otherwise. Lobbyists and the big corporations they represent have been gaming the system for too long.”

That”ll be the day!

To read them all, click the link.

Continue Reading on www.marketwatch.com

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

One thought on “New Year’s Resolutions That Uncle Sam Didn’t Make

  1. Now, you can help make the corrections to Our Republic that you want corrected.
    When the people fear the government, that’s Tyranny!
    When the government fears the people, that’s Liberty!
    All that is necessary for evil to triumph is for good men to do nothing!
    Now Is the Time for All Good Men and Women to come to the aid of Our Country!
    Make the Difference and Take a Stand with other Good Men and Women.
    Info @ http://www.wakeupamerica.com/constitutionalbelievers
    Take Care and GOD BLESS The Whole World!
    Mr. Harris