THE FALL OF THE NANNY STATE FOR EVERGREEN COLORADO REAL ESTATE CITIZENS
America is moving into it’s senior years as the Baby Boomers hit retirement age. The great American give away is just beginning as the selfish generation, the baby boomers, turn 65. If we were to pay all our bills today and balance the budget every American would owe well over $200,000 dollars. The debt itself is so unmanageable that no one really knows how much it is. Most realistic economists estimate the debt is some where between 165-225 trillion when we add all on budget, off budget, and government commitments like GI benefits, future medicaid and medicare, government pensions and benefits, Social Security, and the ever increasing interest payments.
The government is now running a 1.6 to 1.7 trillion dollar deficit every year when you compare accounts receivable with accounts payable. This deficit doesn’t include paying off one penny on the debt that already exists. In other words, we have about a 200 trillion dollar mortgage that we are not paying off. The government politicians and bureaucrats have no secured funds to draw on to pay any of the entitlements they have promised the American people. The Social Security Fund has been stolen, there is no Medicaid or Medicare insurance fund, tax revenues are declining with job loss and outsourcing, and all the money from all the rich millionaires and billionaires couldn’t support the Federal spending machine for more than one week.
The Fed’s printing press is fueling inflation so that any government entitlement check will soon be inflated out of any buying power. Today a $100.00 dollar bill will buy what a $10.00 bill would buy in 1960 and that’s before Bernanke and Geithner printed a staggering three trillion dollars in the last few years. Inflation was the immediate result: gas has doubled in price, food is up an average of 4% in the last year with beef up about 11% since 2010. Every thing from clothing, to energy, to taxes have escalated in the last year and a half.
As prices go up taxes go up. Most sales taxes, most income taxes, real estate taxes and most import and export taxes are a percentage of cost, so as prices go up taxes go up-yet revenues are declining. Our entire economy is now underpinned by printed money and debt spending. Local, State, and Federal governments are addicted to debt spending and have a maddening ability to borrow without any plan to pay back their debts.
Unlike in the past, wealthy men and women, and successful corporations, are simply relocating their money, their jobs, and their businesses elsewhere. Even middle class taxpayers are moving out of the US in droves to escape the US government and all its failed policies. Young college graduates are building their start up companies in China, Australia, Brazil, or Israel rather than in America. The American constitutional government has morphed into a dysfunctional social Marxists nanny state where the wards of the state hang on to their SSI and medicaid, and the productive members of society run for the border.
Meanwhile, American workers are caught in a hopeless tornado of joblessness, inflated incomes, and outsourcing as the whirlwind of reality overtakes the American nanny state.
YOU CAN SUCCEED, please give us a call and let’s go over all your options. We are MARK ENGLISH REAL ESTATE and are Your one stop shop for all Your EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESTATE. We are also an EVERGREEN COLORADO CUSTOM HOME BUILDER and are looking forward to serving You with all Your Real Estate needs. Call us at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com . Don’t forget to register for Your FREE BUYER INCENTIVES.