I know it’s bizarre, but the reality is that the Federal Government spending is past the tipping point.
Put Ron Paul in office, balance the budget now, and it’s likely that compounding interest payments will still swallow us up. And that’s with ending all welfare, medicare, and half the defense budget. No one has the stomach for that, so we are therefore doomed.
We shouldn’t feel too bad, it’s not our fault, it’s the way all democracies ultimately fail. The USA is no different. If we want to blame someone, Woodrow Wilson and his ilk are probably the best targets. Direct election of senators, enabling monopoly money instead of gold, the income tax all enabled the rapid expansion of government leading to the current predicament.
Obama doesn’t see it as a problem, but neither does Romney, and the longer it goes on, the harder the crash. So let’s crash now and do everything in our power to hasten the crash while preparing for ourselves.
1. Get out of debt immediately as fast as you can.
2. Emergency fund: have one, make sure you can last 6-12 months with no income.
3. Are you dependent on any outside checks? SS? Pensions of any sort? Consider how to survive if those checks stop coming.
I could go on but you get the idea. For the next few years it’s head between the knees and brace for impact.
I just took up residency in TX. I will be voting for Ron Paul in the primary.
Why? Because he is the only left in the race that isn’t the RINO-Romney. Yeah, he’s a nationalist-kook but maybe, just maybe, we can get a brokered convention.