What the federal government did recently in bailing out wall- street is comparing it to a applying a band-aid on a hemorrhaging victim. The result is not going to solve the real crises behind our failed fiscal, domestic, and international policies from this past decade. Our financial system is like the Titanic. Can we save the rest of our financial sector when the United States is continually borrowing trillions of dollars to keep America afloat? This is one of the greatest concerns of our times.
Today more millions of Americans are living pay-check to pay-check, millions more face horrific hunger and poverty, millions are still with-out health care, millions more are now homeless, and more and more of our citizens are facing no income at all. In no other period in our history has the United States been so far in debt. Our government and major corporations failed the American public.
Our tax base now is not sufficient to provide the funding for the goods and services that are now mandated by governments. The correlation between how deep in debt we as a nation directly relates to the growing number of citizens who are also drowning in debt. Compounded to this is the inflationary practices of business, are failed trade agreements, the stagnation of wages { in reality this is wage reduction because if wages stay the same while the cost of living continually goes up this results is wage reductions across the board.}and the general disregard for the public's well being has wrought an deterioration of our society that our ability to regain economic stability and growth is almost impossible.
The Four Horsemen of the Apocalypse will stride right through the United States and sweep across the rest of the world if we failed to act now! In the 1930's Franklin Roosevelt understood that fear in business and in the private sector creates an escalating downward spiral of economies. Today just as in the early 1930's business are succumbing to fear and panic when they should embrace new technologies, expand their product base an improve existing ones. A bold approach is needed now. Just as in the 1930's Roosevelt' New Deal, The WPA , an other agencies created an opportunity for growth and economic expansion. This was instrumental in bringing the United States lasting economic growth and paved the way for one of the greatest economic expansions in our history following World War Two.
The need is apparent that only a bold approach is needed to regain our financial base and elininate our dependency on foreign countries that now continuallly finance our national Debt. Passage of National Economic Reform will restore our financial sector, regain our creidibility in the world and bring about National security that only comes when all Americans prosper.
