Less Gov't = More Liberty!

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Smaller Gov't via Reduced Spending

Drain the water/Debt



Unfettered federal spending is the greatest scandal plaguing our nation. It goes unreported, undiscussed, and ignored. The floodwaters of the federal debt are now at $ 21,000,000,000,000… and continue to rise. Each year an annual deficit raises the water.

If our “leaders” raise the debt ceiling, we will continue to stand in the high-waters and encourage it to rise even higher.

Absolutely absurd! Drain the water/debt.

US Debt Clock

And, the Congressional Budget Office (CBO) also believes current spending is unsustainable.

The calculus is simple... we spend too much. We need to reduce spending.


Senate Budget

A real federal budget to cover 2 years – good. [Feb 8, 2018] It originated in the Senate instead of the House. Is it procedurally wrong… unconstitutional?

It adds $ 300,000,000,000 additional annual spending?  I reject this budget.

My thoughts on a proper budget

How Massive?

Comparing the federal finances to an average household is illuminating. As noted, the illustration (right) uses 2015 dollars.

Annual spending exceeds “income” by 12%FY17 deficit $ 693,000,000,000 per CBO
Debt is 5½ times annual incomeFederal Debt now exceeds $ 21,000,000,000,000

No family can survive on a budget like this. A business would have to close its doors in these conditions.
Why is it “okay” for the federal gov’t to operate this way? …. It’s NOT!

The federal debt doubles every 8 years. And then there are unfunded mandates...

We cannot continue this reckless spending. The "benefits" have already been consumed. Our children and grandchildren are stuck with the tab.

What is wrong with us?


We Need Restraint

Do you remember the Budget Sequester of 2013? ... a politicized, partial gov't shutdown. There were 800,000 nonessential federal workers sent home. Congress, Mr President, send them home permanently.

What is wrong with our elected officials? And, why do WE let them do this? Why do they continue to ignore the flood waters?


The Solution

We must make tough decisions to NOT place our children in a hopeless, national financial situation.

Again, what is wrong with us?

Fiscal Corrections

  1.   Balance the budget via spending cuts
    •   Annual, 4% across-the-board cuts will balance the budget in approx. 7 years
    •   Make all federal expenditures Discretionary - eliminate the construct of "Mandatory" spending
      •   Return to use of 12 annual (traditional) appropriation bills
      •   Eliminate use of Continuing Resolutions (CRs) and Omnibus Spending Bills
    •   Do NOT increase the Debt Ceiling - never!
  2.   Reduce federal spending each year
    •   Require ALL federal departments to annually reduce spending by 4% - evenly distribute the pain
    •   Apply each annual surplus against the debt
  3.   Do NOT change the Tax Code... until Step 5
    •   Taxes cannot be increased
    •   Annual tax receipts must be maintained until the federal debt is reduced to $ 10,000,000,000,000
  4.   Reassess federal spending according to Article I Section 8 of The Constitution of the United States
  5.   Re-apportion federal taxes to the Sovereign States
    •   Repeal Amendment XVI
    •   Close the Internal Revenue Service (IRS)
    •   Burn the US Tax Code

Assuming the federal debt is near $ 20,000,000,000,0000 AND ALL provisions above are followed/achieved...

The federal debt can be:

And Consider

Nearly 70% of federal spending is on Safety-Net programs. Large programs will have large cuts.

The following are some of the tough decisions ahead:

  •   Full repeal of the "Affordable" Care Act reduces both
    •   Health and Human Services spending and
    •   Treasury spending
  •   Cancel all federal Safety-Net programs... "let" each state decide on whether to continue them
  •   Privatization of Social Security would eliminate Social Security Administration spending
  •   Cuts to Common Defence - a focus on diplomacy and NOT on flagrant military adventurism
  •   Executive agencies, the alphabet soup grows every year - serious cuts are needed
    •   Repeal the Reorganization Act of 1939 and all related-subsequent statutes
    •   ... more ideas to come

Monetary Corrections

  1.   Audit or Close the Federal Reserve (The Fed)
  2.   Eliminate gov't-created Inflation... caused by The Fed
  3.   Repeal Dodd-Frank - FULL repeal
  4.   Increase Reserve Requirements - a tighter policy
  5.   Eliminate FDIC "Insurance"
    •   Hold bank executives financially/legally responsible for their risky "investing"
    •   Stop bank bail outs; let poorly run banks fail



Life, Liberty, Property!

Web Author - Mike Kolls