take our country back meeting june 8, 2010

8/9/2019 Take Our Country Back Meeting June 8, 2010

http://slidepdf.com/reader/full/take-our-country-back-meeting-june-8-2010 1/27

June 8, 2010



America in Crisis

Debt is $13.1 Trillion

Obama projects big rising debt

Unheard of levels of governmentemployment

Government pension costs out of control

Litigation out of control

Education and health care costs out of control



America in Crisis

This is what debt of

$13.1 Trillion looks like:

$13,100,000,000,000.00

America, in 234 years, has never owed so much to so many



America in Crisis - Agenda

Bit of History

Wealth creationEconomic burdens

Debt

What can we do?



Fiscal Conservative

Live within your means

Spend others money as your would

spend your own Repay debts

Save for rainy day

Meet your needs and prioritize your wants

Help others who have needs



History Lesson32 years of history

1756-1763 Seven Years War

1756 British Debt £ 75 Million

1763 British Debt £800 Million 1764 - 1767 Sugar Act, Stamp Act and

Townshend Acts

1773 Boston Tea Party

1775 - 1783 Revolutionary War

1788 US Constitution Adopted



It is incumbent on every

generation to pay its own

debts as it goes.

A principle which if acted on

would save one-half the

wars of the world.

TJefferson



Wealth Creation

Four basic ways to create wealth:

yGrow/harvest from earth

yExtract from earthyManufacture from grow/extract

y Labor to do above

yCompetition brings improvements



Wealth Creation

Wealth Creation = Jobs =

Economic Growth = More

Wealth Creation = EconomicGrowth = More Jobs

We must promote wealth creation toget growth & jobs



Wealth Creation - Burden

Too many non workers

Protection of special interests viaanti competition rules/laws

Taxes/Litigation

Wars, which lead to -

Debt

Bad Leadership



Workers/NonWorkers

Total US Population: 310,000,000

Total US Workforce: 150,000,000(citizens between 17 and 65)

18% are un(under)employed: 27,000,000 Government employees 22,000,000

Wealth creation employment 101,000,000

All others being supported 209,000,000

Economic Burden



Causes = Special Interests

Civil rights

Women¶s rights

Consumer rights

Environment

Disabled rights

Employment

Housing rights Education rights

Voting rights

Farmer¶s rights

Welfare rights

Pension rights

Health care

Veteran¶s rights

Union rights

Animal rights Gay rights

Immigrant rights



Special Interests raise cost of

everything

SEIU

AFSCME

AFL-CIO

NEA

AFT

NTEU Postal Workers

Trial Lawyers

Medical lawsuits

Pharmaceutical

Farmers union

Oil companies

Bailouts Banking



Attorneys per capita

USA 265Brazil 326

New Zealand 391Spain 395Italy 488United Kingdom 401

Germany 593France 1,403



Who Pays the Taxes?

1979

Taxes

Top 5%: 30%

Top 40%: 77%

Social security

Top 5%: 8%Top 40%: 63%

2006

Taxes

Top 5%: 45%

Top 40%: 86%

Social security

Top 5%: 14%Top 40%: 68%



The Debt Burden

Today the US owes $13.1 Trillion

$8.6 Trillion to public/foreigners $4.5 Trillion to other Gov¶t agencies,

principally Social Security Fund

Projected to be $20.0 Trillion by 2020

Let¶s take a look at this debt



National Debt at end of:

Ford $ .065 Trillion

Carter .930 Trillion

Reagan 2,684 Trillion Bush I 4,177 Trillion

Clinton 5,662 Trillion

B

ush II 10,700 Trillion And now:

Obama 13,100 Trillion



A Brief History of US Debt

Prior to GWBush: $ 5.8 Trillion

GWB

ush years: $ 4.9 Trillion BHObama months: $ 2.4 Trillion

Total Debt Today: $13.1 Trillion

GWB ave/mo: $ 51 Billion

BHO ave/mo: $ 150 Billion



National Debt per employee

Total debt today $13.1 Trillion

Total employees 101,000,000

Debt per employee is calculated

$13,100,000,000,000/101,000,000 =

$129,703 per employee!



Exports per capita

Netherlands $23,400

Germany 14,500

South Korea 7,200 France 7,100

Italy 6,400

B

ritain 5,800 Japan 4,100

United States 3,200



What is the real answer?

Live within our means

Repay debtSacrifice and frugality

Good leadership

Insist on objectives and measureresults independently



www.thefundamentals.us Deficits = Debt = Destruction Remedies:

y Sacrifice and Frugalityy Bankruptcy for insolvent entitiesy 5 + 10 + 15 = -5% debt repaymenty Constitutional amendments

B

alanced budget Term limits Restrictions on federal/state mandates



www.thefundamentals.us

Our proposals:

y 5+10+15 = -5% debt repaymenty 5 % reduction in all entitlements

y 10% reduction in Gov¶t employees

y 15% reduction in Gov¶t spendingy 5% debt repayment program

yNO NEW (VAT) TAXES



What can I do?

Attend meetings and rallies

Challenge the status quo

Vote against tax increasesDisplay bumper stickers, yard

signs

Write a few checks to providesome funding to these efforts

Be prepared for a long fight



www.thefundamentals.us

take our country back meeting june 8, 2010

Documents