With President Elect Trump poised to take office in January how far past his inaugural will come the economic downturn that many economists have been predicting for the last 24-36 months. Who knows other than to write, our country cannot survive with yearly Federal deficit budgets of $1 Trillion dollars, less than 2% GDP growth, the lowest Job Participation rate since the mid 1970’s, declining wages, oh and that nasty thing called the National Debt of almost $20 Trillion dollars. These among other telltale signs highlights that the United States economy is weak and likely to collapse soon.
Keep in mind if the US economy collapses the Global economy will collapse too. Especially since many countries like China, Japan, Great Britain, et cetera, help us to survive albeit by growing our National Debt. Taxes alone cannot fund out budgets loans make up the difference.
I suggest to the readers that there could be three outcomes when the Mr. Trump starts his reign:
The first is simple and most probable – WAR! As we all know, war is a lucrative business. War is what helped the US crawl out from under the 1930 to 1941 depression. It certainly was not President Roosevelts “New Deal” policy’s. If we had not gotten into WW II we would have struggled along with an economy like the one, we have experienced since 2008.
Then let’s look at the post WW II boom of the 1950’s and ‘60’s. That economy was fueled by the Military- Industrial Complex as outlined by Mr. Eisenhower upon leaving office. Just think of the money the US businesses raked in each year through selling weapons to other countries, organizations (NATO) and spending at home for our own military complex. Just think of all the things engineered and invented to support this spending. Remember, Mr. Kennedy’s challenge, to put a man on the moon within ten years was not a goal for the common man to rally around but to further the advancement of the Military-Industrial Complex.
Global war maybe just what the Elites call for. Keep an eagle eye on this one as it comes in the form of Pearl Harbors, Vietnams, Bay of Pigs, and 911’s.
Another option for Mr. Trump might be to level with the American people and the world. Envision this scenario:
Mr. Trump makes a speech from the oval office outlining where the US is going if economic realities are not understood. He then adds, “I am going to put together a task force of business leaders to come up with a ten-year plan to accomplish the following:
> Balance all Federal fiscal budgets that come from Congress to my desk by October 2018,
> Work on reducing the national debt to ~ 25% of the GDP Vs. today of ~ 80%,
> Reducing the number of people working for the Federal government (Military and civilian) by fifty percent
through retirement, attrition and elimination of agencies,
> Raise GDP by reducing the amount of restrictions put on business’s today like, taxes and the Affordable Health
Care for America Act, and
> Possibly a return to a gold and silver standard to eliminate fiat currency. “
To do any one of these actions let alone all of them would require a totally different mindset by the American people. A mindset of austerity so our children and their children are not left holding the bag.
The last option as I see it, is to do nothing. Not unlike what Mr. Obama has done during his eight-year reign other than to grow the national debt, force a tax on the American people called the ACA, dumped trillions of dollars back into the economy which just added to the national debt and further restrict businesses to the point where they could not grow. The result is as I have mentioned earlier, but in essence… An anemic GDP of less than 2%. This “kicking the can down the road” approach is not just Mr. Obama’s legacy but of the three Presidents that preceded him – Mr. Bush jr., Mr. Clinton and Mr. Bush sr.
I pray that Mr. Trump and his advisors do not pick the first or third route to fix our economic woes. One means death to our youth in exchange for economic growth. The other means slavery for our children.
I know, the second route will not be an easy one either. I can hear all the Progressives screaming, “but what about the children?” Well this is where we come to the fork in the road.
One tine leads to death of our children but economic growth. One tine leads to slavery as we add more and more debt to our children’s backs. The last tine leads to freedom for our children through living not going to war and helping to lift the yoke of debt from their backs. The yoke of debt WE placed on their back starting in the late 1980’s. Some might say in the early 1970’s when we went off the gold & silver standard.
It will require all Americans to not think about themselves but to think about our children’s future. It will require austerity on all our parts whether you are retired, working or have not entered the workforce yet. It will require workers, Federal and civilian, to step outside their comfort zones and make sacrifices for the good of future Americans. We must become the next “Greatest Generation.”
