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ONCE WE
HAD A WONDERFUL ECONOMY THERE IS
HOPE FOR WHAT HAPPENED TO OUR WONDERFUL ECONOMY? Why
did the government take gold and silver out of our money? So that they could spend money without
having it! On
the average day they take in about $6 billion per day and spend $10.6 billion
per day. The average daily deficit is
taken over the period from The
$6 billion are derived from the people in the form of income tax, social
security contributions and other government incomes including fines. The
other $4.6 billon are either borrowed or CREATED out of NOTHING. The
government excessive borrowing takes needed money from business – causing
loss of business and jobs. Much
like adding water to a fruit drink; when MONEY is CREATED out of NOTHING it
dilutes the value of the rest of the money. The weaker (diluted) money
becomes worth LESS. As
taxes go up - to finance our government’s insatiable spending – the cost of
living increases; people both lose ground from taxes paid and from increased
cost of living. Inflation is the cruelest tax increase – its affects are MOST
CRUEL for the poorest of our people. I believe that lost jobs then inflation
are the leading cause of homelessness. Diluting
our money and increasing taxes are causing the “FIZZLE” of our economy. To
correct this we must balance our federal budget and significantly reduce
taxes. THE SIZZLE By 1898 we had become so productive that we exported about 10% of
our production! The jobs were HERE! • We had a trade surplus of about $600
million dollars • The federal debt was $25 per person • The federal budget had a surplus of
over $50,000 per day! 1898
was probably our pinnacle year of wealth creation; AND a lot of good was
still happening: By
1912 inventions
included the airplane, the automobile and electricity. We did our share of
the above: • With NO Federal Income Tax • With NO Federal Reserve System • With NO Social Security System We
were the envy of the world: Immigrants seeking a new life were welcomed! Let’s
find the Hope; first let’s find out the problem! |
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To Restore Updated |
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I'M ASKING FOR YOUR
HELP TO MAKE A DIFFERENCE! |
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HOME | | Email me at Herb@herbpeters.com |
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Copyright © Herb Peters
2010 Paid for by Herb Peters for Congress
Committee |
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