|
Articles

How can we solve America’s economic woes?

Published in Ask Dr. Ruwart .

Question:

How can you balance the budget, pay off the debt, and slash spending without doing away with entitlements, like Social Security and Medicare, that people have paid into for decades?

economic

Answer:

We can only balance the budget by privatizing entitlements like Social Security and Medicare and ending foreign wars. The ONLY way we can keep the promises made to our seniors without massive inflation is to increase our rate of wealth creation. One way to do that is by deregulating business. Each regulator destroys about 150 private sector jobs each year, so each one fired is true economic stimulus.

Another way to increase wealth creation is to cut the tax rate and end tariffs and other barriers to importation. This drives domestic capital into efficient businesses, stimulating the economy further. Even at lower tax rates, a robust economy means more tax dollars collected to offset the entitlement programs, which should be privatized ASAP so that young people aren’t forced into these Ponzi schemes.


World's Smallest
Political Quiz

Take the Quiz

Login for the
Best Experience

Password Reset Confirmation

If an account matching the email you entered was found, you will receive an email with a link to reset your password.

The Advocates logo

Welcome Back.

No account? Create one

Click "Sign Up" to agree to The Advocate's For Self Governments' Terms of Service and acknowledge that The Advocate's Privacy Policy applies to you. You also consent to receive our email newsletter which you can opt out of at any time.

The Advocates logo

Join free or login to save results.

Save your results & progress. It's free, forever.

Already have an account? Login

Click "Sign Up" to agree to The Advocate's For Self Governments' Terms of Service and acknowledge that The Advocate's Privacy Policy applies to you. You also consent to receiving our email newsletter which you can opt out of at any time.

The Advocates logo

Sign in with email.

Forgot your password?

The Advocates logo

Sign up with email.

Note: Your password will be generated automatically and emailed to the email address you specify above.

Take the world's smallest political quiz.