Three decades ahead – America’s dead-end economics

Big government central-planning is the problem.  Not the solution.

“Heading Off the Entitlement Meltdown” – WSJ 7-21-14                                                 Excerpts:

The Congressional Budget Office (CBO) “alternative baseline” projects that the U.S. government will add $10 trillion in new debt over the next decade. This will be “followed by $100 trillion over the subsequent two decades. Consequently, the CBO simply stops calculating the national debt after 36 years.”

“Apparently its models cannot conceive of a functioning economy” beyond that point.

This CBO projection also happens to be based upon a “rosy scenario” economic outlook, featuring “no more recessions, wars, terrorist attacks or natural catastrophes, and that interest on the national debt will be permanently held down by near-record low interest rates…”

It also features a highly questionable healthcare assumption – that the Affordable Care Act’s price controls will actually hold true to form for the next 30 years.

The government’s annual spending averaged about 20% of GDP over the past 50 years, but under the CBO’s forecast, “is projected to jump to 23%, 29%, and then 34% of the economy over the next 30 years.”

These patterns are not sustainable. America is boxed in, with no politically feasible way out.

It is time for a for America to turn away from the big government, central-planning model, and reclaim an economic liberty model for our citizens.

The Leviticus 25 Plan.

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