A SIMPLE FIVE STEP PLAN FOR RESTORING AMERICAN FREEDOM AND PROSPERITY

Many in Washington care little or nothing for the well being of Americans, other than themselves and their cronies. The widespread continued lying about the soundness of Social Security and Medicare isn’t due to ignorance — it is due to politicians aggrandizing  power regardless of the cost to others.

Either their careers will have to be terminated by a better informed electorate – not impossible, as demonstrated by Canada and Sweden – or the US central government and the scores of millions who depend upon it will crash and burn. 

Remember the USSR? Remember, too, that when the USSR spent itself into oblivion, it died with a whimper rather than a bang – and then was replaced by another thugocracy. Meet the new boss, same as the old boss. (What is the difference between the KGB and the FSB? Their hats look slightly different.)

The US central government is on the road to either radical reform or self destruction. Continued kicking the can down the road would soon send it over the economic cliff where the USA would join the USSR on the ash heap of history.

Radical reform could be as simple as refusing to increase the debt ceiling, auctioning the Ponzi scheme operator’s assets off for the benefit of the Social inSecurity and MediScam victims, allowing unlimited expensing for all business capital investments, requiring that all regulations be voted on by Congress before becoming laws, and legalizing competing precious metal currencies.

The first – not raising the debt ceiling – would eliminate 40% of the existing central government. All it would take is a courageous and determined majority in the House to do it.

The second — dealing with Social Security and Medicare as the Ponzi schemes that they are — would pull the plug on the deadly third rail, cut the central government’s real estate (30% of all land in the US) down to Constitutional size, make the victims whole, and give everyone a non-inflationary 15.3% increase in after tax wages that could be used for real productive capital investments in a Chilean type system.

The third – unlimited expensing of business investments – would make it possible to invest with pre-tax money, not after-tax money. It would also fix the housing market, and most of the bad paper (upside down mortgages, mortgage backed securities, credit default swaps, etc.) choking our financial system. It would rapidly create an unimaginably powerful long boom.

The fourth – requiring that Congress vote proposed regulations into law before they take effect – would end most of the prospective problems created by the morass of regulatory agencies that create regulations, rules, and policies with the force of law by simply publishing them in the Federal Register.

The fifth – passing Ron Paul’s bill to legalize competing gold, silver, platinum, palladium, and rhodium coin currencies – would limit the currently almost unchecked power of the Federal Reserve, even without abolishing it or sounding radically scary. The crony "capitalists" can continue to use their Federal Reserve Notes, but the rest of us would be free to opt out. Can you say soft landing?

The solutions for our worst central government problems are simple and easy to understand. If they are not implemented, and rather quickly, the central government will soon destroy itself. What would lie beyond that singularity is unknown, and neither clearly better nor worse.

Skye is the TTP Forum’s resident genius.