The word is Keynesianism. It means borrow billions or trillions now so you can look good now and make irresponsible financial promises which will come due in the distant future. It is because of Keynesianism that there is absolutely no way that our country can meet a long list of entitlements. That is, there is no way to meet them if we continue on our current pathway of solving the problems of Keynesianism with yet more Keynesianism.
Today’s entitlement expectations are based on propaganda - dishonesty. We should be able to discern the truth to know what we will in fact not be receiving. For some it is convenient that it is an indiscernible mathematical maze. We must realize that all the promises cannot be met. When you receive a counterfeit hundred-dollar bill, the words, "legal tender" written upon it represents a false promise. You just have to accept the fact that you cannot use a counterfeit hundred-dollar bill to buy your much-needed medicine. And, similarly, when you have been given a misrepresenting entitlement, you won’t get all the meds you are due. But, do you just have to accept the fact that you have been given a false promise? Or, is there another approach available?
The entitlement finance problem can indeed be diminished. After all, we are Americans! Naturally we will care for the elderly who built the society we enjoy. We will always have the poor and the feeble. And, as Americans, we are honored to care for them.
The answer begins with the flat tax. I agree with Steve Forbes opinion that all earnings over $36,000 should receive a 17 percent tax. And no taxing of anyone who makes less than $36,000 per year. No deals, and nothing that resembles a tax shelter.
Secondly, no government subsidies, instead just legal, fair competition. If you can’t make it on your own, then you fail. Someone with a better idea will take your place. There is no reason to expect the government to bail out any industry or company. Such activity is a primary stepping stone to socialism.
A flat tax rate would free up billions of dollars from the bureaucracy overseeing our tax system. This money could be invested in overseeing the so-called "one percent." This oversight of ‘’Wall Street" would stifle the corrupt of the "one percent" and foster success for the honorable of the "one percent." This success would mean more taxable wealth.
Proportionality taxation and eliminating subsidies would mean that honest, non-Keynesian entitlements could be met.
As your congressman, I will work toward the implementation of the flat tax. I will work toward the eliminating of government subsidies.
Contributions may be sent to: Dale K. Mensing for Congress, P.O. Box 1447, Redway, CA 95560.
Dale K. Mensing