The Coming Collapse of America How to Balance the Federal Budget is popular PDF and ePub book, written by Ken Casey in 2023-02-21, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Coming Collapse of America How to Balance the Federal Budget can be Read Online from any device for your convenience.
The Coming Collapse of America How to Balance the Federal Budget Book PDF Summary
This book is designed to solve the coming fiscal crisis in the US. Increasing debt will lead to hyperinflation within ten years. According to the CBO, if the US continues business as usual, the US will have a debt of $50 trillion in a decade. Investors will flee the US bond market and the Federal Reserve will end up paying off this debt with inflated currency (a technical but not actual default). Flooding our economy with fiat currency will result in hyperinflation and unemployment with the likelihood of a worldwide depression. The solution is not to increase the US debt. The only way this is possible is to balance the federal discretionary and mandatory budgets. Interest on the debt should be paid by the Federal Reserve without borrowing more money, i.e., just printing money. The easiest way to balance the budgets is to cut the military and Medicare budgets. Using President Biden’s proposed 2022 budget, we need to cut the military budget from $.8 trillion to $.3 trillion (still greater than China's and Russia’s combined military budget) and reduce Medicare expenses by 50%. Medicare expenses can be cut by providing a low option Medicare plan (subsidized to the extent of 50%) with significant coinsurance and co-payments.
Detail Book of The Coming Collapse of America How to Balance the Federal Budget PDF
- Author : Ken Casey
- Release : 21 February 2023
- Publisher : Xlibris Corporation
- ISBN : 9781669867913
- Genre : Business & Economics
- Total Page : 236 pages
- Language : English
- PDF File Size : 9,8 Mb
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