Budget Deficit Smoke and Mirrors Crisis Deferment

By: Dr. Ada M. Fisher

Try telling my banker that since I can’t repay my mortgage he should simply raise my debt limit without revenues to cover this or that I can continue my present level of spending and meet my obligations.  To suggest an across the board cut in spending to pressure legislators into balancing the budget is foolish.  In the event of another terrorist attack, the defense budget could be woefully inadequate to respond properly and US vital interest possibly compromised.

The biggest victim of the budget fiasco is the social security system itself which is not an entitlement but an earned resource for its contributors.   Monies paid into this fund for individual retirement by its savers is disproportionately used to bail out those in leadership lacking the guts to decrease the debts and spending of the federal government.  Monies paid into Social Security should first be monies removed from the general fund and 10% per year of the remaining budget put back into it over ten years to cover past seemingly illegal divestitures.  Only then can necessary changes be made to social security with some view of what it will take to fix it.  Failing this the budget deficit will continue being masked by the shielding of the nation’s true debt via expenditures from social security allocations to cover the national debts and deficits.

‘Obamacare’ is likely to reduce the spending for Medicare and Medicaid even further than is being projected.   This plan aims to pay for itself by a $500 billion reduction in Medicare monies, taxing those receiving student aid and other schemes which make no sense.
These new cuts will bring us where the liberal intent was all along, the nationalization of health care requiring taxpayers cover the total bill.  Physicians, hospitals, nursing homes and other agencies will be asked to settle for even less than 75% of their usual and customary charges.  So who do you think will want to take care of folks at these rates?  Educational assistance for health related jobs will be cut making problematic who will be able to afford the cost of such training.

Anyone who thinks that jobs are created by increasing taxes whether on individuals, property or businesses is sleeping.  Anyone who believes they are entitled to take other people’s income for the use by government without a vote of the people doesn’t understand democracy.  Anyone who believes they can keep spending without increasing revenues to cover that cost doesn’t understand economics.
And anyone who doesn’t understand that printing more currency when there is no money in the bank to back it, is as a child who believes one can simply write a check just because there are some checks left in the check book.

America must not continue to sleep through its on-going economic crisis continually putting off tomorrow what has to be faced right now.  Alexander Tytler in 1787 recognized that “A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.  A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.  From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to lose fiscal policy, which is always followed by a dictatorship.”  The chief executive doesn't need more powers to effect debt ceiling raises, we need Congress to do its job.

Now is the time to get back to the constitutional mandates of government -- national defense, judicial order and police protections, regulation of commerce and few other things which government does best. We must keep our trust with our citizens and not break the
covenant made with those who placed monies in social security.   We must require that these funds be spent only on behalf of those who contributed to the fund.

For those worried about a global crisis if our debt ceiling is not raised, remember that the USA remains the most generous of nations and our markets are still the most favorite trading places.  So who they gonna call?  Ghostbusters of the economy or Constitutional Trust Builders with our citizens.

 Dr. Ada M. Fisher is a physician, previous member of a county board of education, licensed secondary education teacher, Author, Public Speaker, poet and is the NC Republican national Committee Woman.  Contact her at P. O. Box 777; Salisbury, NC 28145;  DrFisher@GetADoctorInTHEHOUSE.com.