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The U.S. Debt Ceiling - Continued...
The U.S. debt ceiling is frequently confused with the trade deficit, deficit spending, the national debt and our unfunded liabilities. The debt ceiling tells Congress what the limit on their charge card is, while the national debt tells us what our outstanding national credit card balance actually is at any one time. The trade deficit is the difference between our total exports and total imports (and we are a net importer and this is not good). Our unfunded liabilities are all of the legal debts our fiscal appropriations processes have contracted under law to require us to provide, but for which we have no current means of satisfying (i.e.: there are no tax revenues identified to pay for them at this time - they are over and above all our spending and tax receipts today and include the national debt). Currently, we have approximately $107 trillion in unfunded liabilities and this is almost twice the wealth of the rest of the planet's population combined. Obviously this is not a good thing and stands as an indictment of our current fiscal appropriations system's shortfalls and failures.
To learn more about The Fix, use any of the following links:
To learn about the proposal to change our current free-market capitalism approach into Capitalism Version 2.0 ("ultimate capitalism"), click here.
To learn about the component plans, use any of the following links:
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To learn about The Fix for Monetary Policy, click here. |
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To learn about The Fix for Fiscal Policy, click here. |
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To learn about The Fix for Social Security, click here. |
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To learn about The Fix for Universal Health Care, click here. |
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To learn about The Fix for Universal Education, click here. |
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To learn about The Fix for Housing, click here. |
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To learn about The Fix for Poverty, click here. |
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To learn about The Fix for Corrections, click here. |
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To learn about The Fix for Commercial Real Estate, click here. |
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To learn about The Fix for Commercial Banking, click here. |
To learn about the component public capital finance plan proposals, use any of the following links:
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