This is a NON-PARTISAN video produced by an accountant, Hal Mason, who retired after 27 years with IBM.
In this video, Mason does something that all the handsomely-paid economists and pundits you see in the media seem unable to do.
Mason looks at the federal government’s budget, revenues and expenses, and very clearly and simply explains our national fiscal and debt problem in 5½ minutes.
My only disagreement with Mr. Mason is that he left out one thing in his proposed recipe to fix America’s Titanic-sized nightmare:
In addition to drastically cutting spending and drastically reducing the size of government, we must also grow the economy by creating more jobs, which means more Americans work, which means they’ll pay taxes, which translates into more revenue (income) for government.
That’s what Romney-Ryan propose to do. The POS will make our disaster even more disastrous by propelling us over the cliff, faster. That’s the real meaning of his campaign motto of “Forward.”
Alas, too many Americans are willingly blind, deaf, and in a massive state of denial. It’s a blindness so massive it’s no longer simply a psychological phenomenon. The blindness is rooted in spiritual darkness.
“…you are living among a rebellious people. They have eyes to see but do not see and ears to hear but do not hear, for they are a rebellious people.” -Ezekiel 12:2