My primary interest is in working on topics of human interest based on India and my state of Andhra Pradesh. There is affinity to Chicago and its surroundings as my life is here. Politics, democracies and human interest make for great story telling and thus make topics for constant search for next story. These columns are published on the Internet Magazines and Newspapers. I have no political or any other affiliation, except interest in the topics I choose to write about.
more than 16 Trillion dollars (only god knows how many zeros in a Trillion) in
national debt and growing at jet speed ($56,378.00 per person) as of last week,
USA as a nation is by far the biggest borrower on Earth.It is perhaps no other nation has even the
capacity to borrow that much money.In
2015 USA spent over $430 billion on just the interest payment which is
approximately $3500.00 per tax payer.The interest rate was a very modest 2.5% annual rate on this money.
debt is greater than the annual GDP of the United States, and the debt stood at
102.98% of GDP when last calculated.
USA as the largest economy on earth and the most prosperous nation on the
planet, to be in such a dire financial stage is nothing but political
nation keeps raising the debt ceiling (with a bit of drama in congress every
time) at alarming rates and the elected officials (every one of them) play
politics that cater to the next election cycle, spending borrowed money.The social programs and freebies are
excellent vote bank politics, as no one is really interested in hearing about
the debt burden, and having a plan to live within the means.
election cycle has raised the topic of the national debt as a main issue.Trump has and continues to make it a major
issue (which it should be).
we be afraid of burden of debt, now and in the future?
is it difficult for the USA to cut the debt, and also pay it completely off? Why
is the government spending money it doesn’t have while demanding people to pay
taxes and managing their finances?
of voters following Trump and now voting for him are certainly looking for
someone to get elected and make the hard choices on reducing or even
eliminating the national debt.Trump
being personally wealthy and without the normal compulsions of money in
politics, can suggest or even make policy announcements that offer across the
board cuts to spending, cutting deficits, and return the stable balance sheet
to the people.
is quite aggressive in is quite aggressive in tax collection.IRS keeps lifelong tabs on both individuals
and corporations, in tax collections.Why should the government be allowed to excesses and abuse?Shouldn’t the agencies that manage national
finances be subjected to same budget constraints as individuals and
clearly makes a case for deficit reduction (in fact he suggests to eliminate it
all together) thru revised trade agreements, negotiating better government
contracts, and cutting waste.He
promises to completely erase the budget deficit in 8 years.That is a plan to cut the deficit by 12.5% a
year for 8 years to completely erase thedeficit.It is by far a very
aggressive suggestion any the people behind him are supportive of this and
every other idea he has socialized in this election.Is such a plan possible?In true sense, if the nation wants to live
debt free, yes.Erase the budget
deficit, and enact laws that will forever force the government to be debt free.
wants to renegotiate just about everything.He also wants other nations to pay their fair share for American
services and military protection. There should be no debate on asking nation's to pay their fair share, and help with the costs. If an individual negotiates and a business negotiates a better deal (all the time), then why not the nation?
one running for elected office wanted to take on the markets, international
partners, immigrants, women and serious national issues and still be standing
in the race.No matter what Trump says,
a third of the voters have continued to support him, and if he gets into the
general election as the republican candidate his support might be greater.
now until we choose the next president, Trump has raised issues that
politicians stay away from.America
First and also embracing wholesale changes to keep the nation as the most
prosperous on earth is something all presidents should do.Cutting government and its spending,
immigration, trade and alliances, all should be of importance, but first
keeping the nation first and its people.All of Trump’s stump speeches (not highlighting his insults) are things
that are of major concern to every American.All of us have the issues in our mind, and now Trump is making them
headlines.No matter who become the next
president, the issues of the nation and Trumps supporters (a 1/3 of the nation)
and probably all that don’t support Trump are all waiting for actions that lead
to the nation’s fiscal discipline?