“In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56.”
Unfortunately, until Democrat and Republican leaders rechart the United States economy to broaden private, individual ownership of productive capital (the non-human factor of production embodied in technologically advanced machinery, superautomated factories, computerized operations, etc.) by empowering ALL citizens to acquire new productive capital assests simultaneously with the growth of the economy using insured capital credit, every president and elected representative will be faced with the necessity to both redistribute the wealth of those succeeding and borrow to prop up the economy’s consumption.
Rather than put the political focus on job creation and redistribution of wealth the GOAL should be full production and broader capital ownership accumulation by ALL citizens.
We cannot balance the budget without cutting out coerced taxpayer-dependent redistribution of the earnings of capital workers, which if we did at this juncture would collapse the economy and ruin lives, resulting in social strife, personal suffering and degradation, the erosion of freedom, and ultimately anarchy, which will bring on totalitarian government. While welfare, private charity, boondoggle employment and other redistribution measures are now seen as necessary, they do not have to be sustained indefinitely. There are policies that can be adopted and executed to reverse the ultimate direction of collapse of the American market economy system. These policies are based on the recognition that as the production of products and services changes from labor intensive to capital intensive, the way in which every human being––not just a few, but every person––earns his or her income must change in the same way. At the core of this revolution is the understanding and commitment to broadening the ownership of productive capital.
http://cnsnews.com/news/article/5-trillion-man-debt-has-increased-under-obama-502776147648456
