Same answer for Malaysia. We cannot expect to ignore the laws of economics for too long. Eventually, there is a price to pay. I can think of a few departments that need to go.
What do you recommend to cure the U.S. debt crisis?
Category: DebtAdded on: 12/29/2011 | Modified on: 12/29/2011
When it comes to the U.S. debt crisis and upcoming currency crisis there really is no cure for our country.It's up to individual Americans to become educated to the truth so that they can take the necessary steps to protect themselves.The best hope for the U.S. to survive is to allow a much needed second Great Depression to take place.
Bernanke needs to dramatically raise interest rates immediately back up toa level that is higher than the real rate of inflation, so that we at least have deflation during this depression.The U.S. government needs to eliminate Social Security, Medicare, Medicaid and other entitlement programs. We need to eliminate the Department of Energy, the Department of Education, and other wasteful departments that are doing more harm than good. We need to bring our troops home from Iraq and Afghanistan. We need to balance the budget and mandate that Congress must always balance its budget. We must return to sound money that is backed by gold. We can go on forever, these are just a few key first steps.