Do not raise the debt. Let it stop here, now. Let us begin a period wherein we live within our means and responsibly pay our way. Let it be said, two generations from now when the dollar is once again the strongest currency on the planet and the United States has the strongest economy; when the debt is once again a measly one trillion dollars, that we went through our selfish years but thankfully, we out grew those times. Let it start now! Today, let us resolve to never raise the debt ceiling again and to enact legislation to reduce our debt by five percent per year until it is at one trillion dollars. Let this legislation stipulate that deficits can never be run again unless we are involved in a congressional declared war, and even then the debt is paid down following such war at five percent per year.
I understand that this is impossible when we consider the obligations we face as a country. When I talk of the national debt most people roll their eyes and say something silly like, "We just owe it to ourselves.", as if this eliminates the seriousness of the situation. It is true that the vast majority of the future obligations are to "ourselves" in such programs as Social Security, Medi-care, Obama-care, Pharma-care, welfare programs, on and on and on... OK. I'll go along with that thought. Let us resolve not to pay "ourselves" anymore. If we shut down all of those self-centered "gimme" programs we might have a slim chance of avoiding a catastrophic failure of the dollar. If we don't, then we won't see those monies anyway due to the inevitable dollar melt-down.
If we eliminate the social programs we should be able to protect the bond holders, those who are owed the sixteen-trillion dollars. If we protect them, we show the world that we are a nation who can be trusted, a nation who will not weasel out of an obligation. If we demonstrate that kind of solvency the European Union and China will hear the "giant sucking sound of jobs" coming back to us, the newly great United States of America!
If we fail to do this, now, we will face ruin. I will state for the record that I am solemnly resolved never to take any money from a federal government source other than a tax refund. I will not collect Social Security, take advantage of any medical program, or any other social program. My reason is simple. If I collect from Social Security "the money I paid in" I am not getting the same money I paid in; I am taking it from my children and their children. The money I paid is already gone, spent, vanished, poof! To demand what is "mine" will only press our country into default and suffering.
We always laud the "greatest generation" for their sacrifices in economic hardship and war. Let us now rise to their example and stop this insanity now, so help us God! NO MORE DEBT!
October 5, 2013 A.R.S.H.
Anno Reparatae Salutis Humanae