Sunday, August 7, 2016

If Hillary Clinton Were Elected and Things Stayed the Same...

If Hillary Clinton Were Elected and Things Stayed the Same
by Theo Johnson

Based on a recent conversation with a Bernie Sanders supporting Millennial I'm deducing that the new way by which Democrats are pitching Bernie Sanders supporters on a vote for Hillary Clinton, is based on a combination of fear mongering them with lies of what a Trump presidency would be and by programming them to think that "if Hillary's elected and nothing changes, I'll be good." Let's take a look at what, "if nothing changes," actually means. 
The Obama Administration has been defined by nearly a 1 trillion dollar budget deficit year in and year out causing him to accumulate more debts on our behalf than every other president in US history combined. The 8 trillion dollars in debt accumulated by the Obama Administration would have been far worse had Senator Ted Cruz not lead the push for sequestration which imposed across the board cuts. 
What's worse, is this deficit spending has not translated to growth, in fact, GDP growth was measured at a meager 1% for the past year. The Federal Government's debt is already hovering above 19.4 trillion dollars, but unlike some countries, federal debt is only a portion of the picture because when you take into account our local and state debts the total is closer to 22.4 trillion dollars. The prior, is about 107% of GDP and the later, about 124% of our GDP. 
The Obama Administration has placed our Government finances and posterity in a far worse economic position than when he came into office. For the sake of buying votes he spent foolishly on dependence inducing programs that discourage productivity such as food stamps and healthcare reform. While deficit spending may be justified to spur economic growth, the consequences of his policy have been dismal, and inexcusably, despite quantitative easing, stimulus spending and deficit spending, President Barack Obama has failed to produce any meaningful economic growth. Essentially, the Democrats under Carter were a disastrous tax and spend party, Bill Clinton brought the party to the Center right and moved it away from tax and spend to a party of pay as you go with the disciplining help of a Republican controlled house. Barack Obama transformed the party into a borrow and spend party. Onerous regulatory measures have prevented a healthy economic recovery and debt liabilities will inevitably place a drag on long term economic growth. I've already pointed out on many instances, that Hillary Clinton is not the pragmatic centrist moderate her husband was as President, but is in fact through and through a left wing radical in her acts, deeds and own words without shame. She is economically illiterate and the cost of her policy proposals are daunting. While her answer to this is to let Bill Clinton fix the economy, his age and health are in clear disarray. Both her social and legislative agenda directly undermine prospects for economic growth. 
With 8 years of Hillary Clinton and no change, at a continued 1% growth rate our GDP in 2024 would be only 19.39 trillion dollars. At the same average accumulation of debt as we saw under Barack Obama, most likely less than our nation would see if Democrats took control of Congress, the debt amount would balloon from 19.4 trillion to upwards of around 27.4 Trillion dollars of debts. At this point, our debt would be over 141% of our nation's GDP. As debt liabilities grow, so to do the costs of servicing our debts in the form of interest payments. The combination of slow growth and rapid debt accumulation results in more and more of our tax revenues being diverted from investment in our security, economy, infrastructure, education, justice and social programs and instead towards debt payments pushing us further along towards the path of insolvency and the cascade of calamity that would result from national bankruptcy.
This is why a proven negotiator, manager and businessman such as Donald Trump makes sense for America in 2016. A pro-growth agenda and commitment to moving us closer to a balanced budget and eventual surplus has to be the priority. If Trump and the Republicans can match Reagan's average GDP growth of 7.9%, by 2024 our nation's GDP will be 32.91 trillion dollars. As the GDP goes up, so to do tax revenues. While Reagan did take on some debts as a consequence of cold war strategy, he only added around 1.8 trillion dollars in total debts over 8 years. With Trump/Pence in the White house and Republican control over Congress and the Senate we could easily limit our debt spending to only 1.8 trillion (the annual budget deficit has already been reduced by Republican control of the Congress and Senate to ~400 billion annually) bringing our total debts to 21.2 trillion as budgets are moved to surpluses and our debt can begin to actually be paid down. By the end of 8 years of Trump/Pence USA's debt to gdp ratio will be 64.4%. Over the next few months I'll start showing you how this can be accomplished. What is astonishing, with smart decision making and the combination of sensible policy and leadership, I'll show you how Intelligent Business leadership focused on the National Interest can easily accomplish this type of growth without increasing federal spending or raising taxes.


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