America is broke. Wall Street is going out of
business. The government is borrowing and bailing like there is no
tomorrow. Americans anxiously await the full impact of a second
Great Depression. And we all are longing and looking for solutions
and saviors.
Well, have no fear. Our founders are here.
Yes, it's official and public news for the
whole world to see: Government is the worst run business on the
face of the planet. We've known it for a long time - we're
just now facing the monetary music. We're going under, fast.
And the government's remedy is to return to its cycle of
treasury vomit - spending money it doesn't have by borrowing
money it can't pay back. But the cat's costs are out of the
bailout bag, too. Fannie May, Freddie Mac, AIG insurance, etc., are
all birth pains of greater taxpayer burdens to come. The Fed's
rescue plan will cost Americans another $1 trillion dollars - for
those doing the math, that's roughly $3,600 each in taxes.
But most Americans' pocketbooks are barren
wastelands - with maxed payments, mortgages and consumer credit. So
where will the Fed get another trillion dollars when it already
holds a $9 trillion dollar deficit? From the same black hole it got
the preceding $9 trillion. We make more money and lessen the value
of the dollar; we borrow more money and lose our grip on our
nation. America is up for sale. And foreign entities and powers are
buying up our debt to own a large piece of the pie called America.
We are literally mortgaging our land and liberties - and our
children's future. And our government is not only doing nothing
to stop it - it is the bureaucratic broker arranging the deal!
Who will save us from our certain financial despair
and ruin? The president? The secretary of the Treasury? The Federal
Reserve? Congress? An ad hoc committee of Harvard MBAs? Some
of America's best and biggest financial moguls? A new
president?
America, it's time to wake up and fight for our
future! When Congress pays 1.26 cents per penny and 7.7 cents per
nickel - and wastes $100 million a year in doing so - it's time
to make major changes in government. But the changes we need are
not those that come with empty political promises to provide
universal health - which is guaranteed to accrue billions more in
debt every year. A presidential candidate pledges to lower taxes
for 95 percent of the people and increase taxes for the other 5
percent, but that can't be done when only 70 percent of
Americans pay taxes and 30 percent pay no federal taxes at all.
It's true that we can't repeat the last
eight years of government. But it's even more clear that we
can't repeat the last 38 years of government financial
mismanagement, especially when only four of those since 1970 have
not been deficit-building years. The fact is, electing the same old
Republican and Democrat money-management methods will do nothing
more than bury us deeper in the quick sands of government spending
and debt. What we need is to turn back the financial clock 200
years and return to the fiscal prudence of our Founding
Fathers.
Call me altruistic - say the plan is
oversimplified. But even mom always taught me when I was young,
"If you get in a pinch, go back to the basics." It works
in martial arts. It works in the movies. It works in marriage. It
works in financial markets. And it worked for our Founding
Fathers.
With small variances, our founders agreed on four basic approaches
to fiscal management, which I describe in far more detail in the
third chapter ("Stop the nightmare of debt") of my new
New York Time's best-seller (as of Sept. 28), "Black
Belt Patriotism," in which I address eight major problems
facing America with our founders' solutions. If we're going
to reawaken America from her economic slumber, then we must go back
to those who discovered and established the American dream. Their
financial principles were:
1.
Keep spending within
constitutional limits. The Tenth Amendment restricts the size
of government, and that should always bear out in the federal
budget and spending. That means understanding income and export
taxes were unconstitutional to our founders, which if applied today
would be two of the greatest economic stimulus packages.
2. Return to a pay-as-you-go government. If
we don't have the money, we don't spend it. Period. No more
debt. No more bailouts. No more spending. As Thomas Jefferson once
wrote to Fulwar Skipwith in 1787, "[T]he maxim of buying
nothing but what we had money in our pockets to pay for
…[is] a maxim, which, of all others, lays the broadest
foundation for happiness." (Some are quick to point out that
Thomas Jefferson financed the Louisiana Purchase with government
loans, but they overlook the fact that Jefferson's
administration lowered the federal deficit by nearly one-third in
his eight years in office.)
3. Tax for imports, not exports or anything
else. Our earliest government's primary tool to raise
revenue was from tariffs. Obviously, we can't raise all the
monies our government now needs by imports alone (because of its
excessive taxation dependence through the decades), but we need to
return to our founders' simple taxation system. That is one
reason why I say abolish the unconstitutional IRS and implement a
Fair Tax. Early Americans did not pay income taxes, export taxes,
capital gains taxes, estate and property taxes, corporate taxes,
social security taxes, gas taxes or any of the rest of them we pay.
However, our founders did build revenue by requiring import taxes
from those who wanted to sell us their goods. The fact is, most of
our taxes are unconstitutional and would therefore be illegal to
our founders. We must appoint only elected officials who want to
scrap the present tax code and return to a fair or flat
(consumptive) tax system, which doesn't penalize productivity
and will bring American manufacturing back within our borders. As
James Madison said in his "Address to the States" in
1783: "Taxes on consumption are always least burdensome,
because they are least felt, and are borne too by those who are
both willing and able to pay them; that of all taxes on
consumption, those on foreign commerce are most compatible with the
genius and policy of free States."
4. Get over the greed. We're in this
financial mess because of greed. Why is government spending out of
control? Greed. Why do we as individuals and as a nation keep
falling deeper into a pit of debt? Greed. We need, we want and we
have to have it. We can't afford it, but we can't say no.
So we charge it, deferring the penalty. We can't blame it all
on the government, because we appoint our representatives and many
of us struggle with greed just like them. If not, then what is it
exactly we're expecting our future presidential choice to do
for us, and how is he going to pay for it? Alexander Hamilton, the
first secretary of the Treasury, believed a government that could
use greed to motivate its people would become powerful and wealthy.
Unfortunately, he was correct. We've become a nation that
confuses our needs and greeds - and we've got to get back to
the basics if we're ever to understand and overcome the heart
of this financial crisis.
Many of the founders warned about America's
potential fiscal woes under the power of a central bank. Thomas
Jefferson was one of Hamilton's biggest opponents, almost
prophesying as president in 1803 to Albert Gallatin, "This
institution is one of the most deadly hostility existing, against
the principles and form of our Constitution. … I deem no
government safe which is under the vassalage of any
self-constituted authorities, or any other authority than that of
the nation, or its regular functionaries. What an obstruction could
not this Bank of the United States, with all its branch banks, be
in time of war? It might dictate to us the peace we should accept,
or withdraw its aids. Ought we then to give further growth to an
institution so powerful, so hostile? … Now, while we are
strong, it is the greatest debt we owe to the safety of our
Constitution, to bring its powerful enemy to a perfect
subordination under its authorities."
What we need today is far more men and women in
government with our founders' financial forethought and
cautiousness. But that is not what we have. That is why I've
joined the voter revolution across this land, to oust political and
congressional corruption and stalemate. If you're ready to join
millions of other Americans in that commitment, then give me three
steps: (1) Make a pledge to bring about political and congressional
change in future elections; (2) Recall unconstitutional
congressional incumbents; (3) Rise up and elect above-reproach,
non-greedy selfless representatives who aren't afraid to stand
up to governmental status quo and corruption, will vote for
constitutional restrictions of government, reduce big government
(deficits, budgets, spending, and taxes), reform the tax code (by
providing a Fair Tax or its equivalent) and fight for a
constitutional amendment for a mandated balanced federal
budget.
America is in the biggest financial fiasco since
the Great Depression. And while we can put anesthetic on her
financial injuries via temporary government bailouts, we're
heading for another economic earthquake that will ultimately widen
and deepen her wounds. But it's not too late, especially if we
follow the sound fiscal advice of experts, including our
founders.
See the original article at: http://www.worldnetdaily.com/?pageId=75867
Chuck Norris is the star of more than 20 films and the
long-running TV series "Walker, Texas Ranger." His brand
new book, "Black
Belt Patriotism," Learn more about his life and
ministry at his official website, ChuckNorris.com.
