NATIONAL DEBT IS NOT PRODUCTIVE
The Obama Administration believes that we can spend our way into prosperity. They apparently feel that if they pump trillions of borrowed dollars into the economy, that the newly bought prosperity will make so much money, it can pay the money back in a few years!
This plan of action is only a theory. The theory has been tried multiple times, like in America during the FDR years and Japan in the 90’s, and it has never worked before. The assumption seems to be that the American government is a dynamic, productive enterprise and will, in the end, turn things around, and recreate all the wealth that has been lost. There is a systemic flaw in this approach – no government ever creates any wealth.
There are only three ways a government acquires money: by taxing it away from productive citizens, by borrowing it from productive citizens, or by printing it (a function which the US government gave away to the Federal Reserve, which is a private bank). No government ever produces anything; it only puts a burden on the productive private sector.
In short, debt is not productive. The assumption that the private companies or wealthy individuals will pay back this massive debt is simply unrealistic. In a global market, productive people and productive companies will simply move their money and assets offshore. Many large moneyed interests have already done this. The Heinz Company, all the Kennedy fortune, the Rockefeller money has all been moved beyond the reach of Uncle Sam. It is not by accident that Senator Dodd has an estate in Ireland. Ireland has the lowest income and capital gains tax in the world, so Dodd is planning to tax you and avoid the taxes himself!
Wake up Main Street the debt will fall on You. Please give us a call. We are MARK ENGLISH REAL ESTATE and we are professional EVERGREEN COLORADO REAL ESTATE BROKERS. We have the experience and know how to protect You and Your financial assets. We are also an EVERGREEN COLORADO CUSTOME HOME BUILDER and can represent you in every transaction from land purchase to complete home. Contact us at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com . We are now offering FREE BUYER INCENTIVES for all our Real Estate and Mortgage customers, so please register on our web site.