Well sir, good to hear from you. Hope all is well. Let me grab one sentence:
the USA will never, ever, NEVER get a balanced budget and out of debt unless and until Congress takes action on the so-called ENTITLEMENTS, including Social Security, Medicare and all Welfare programs.
and make a comment. The USA isn't in debt because of entitlement programs. On the contrary, with real money we could support a dozen more entitlement programs. The USA is in debt because of how we issue our so called money (fiat currency).
Congress tells the federal reserve to tell the printing office to print $XXX. The fed tells the printing office to print $XXX and collects Uncle Sam's bond for that amount of money plus, I think it is 2% interest, for eternity.
We have a DEBT based currency. That makes it impossible to get out of debt or balance a budget. We always owe the little **** bastids at the fed reserve something.
I could go on w/details about how that can't lawfully be but we've been doing it for so long it is almost stare decisis. If you have nothing better to do, than google Modern Money Mechanics (a publication of the Chicago Fed Reserve) and you will learn exactly how all of us in the world have been screwed. They lay it all out.
Here is another reason we will never be out of debt. A change to the Monetary Control Act of 1980 allows the fed reserve to use the debt of foreign nations as collateral for the printing of fed reserve notes.
If anyone tries to tell you a fiscal cliff exists, you are free to laugh in their face or at them or both.
We have been sitting on a fiscal cliff since 1913. This has gone on too effing long so I'll shut 'er down.
Like I said, great to hear from you. Wow, 94. I'll be 68 in Feb so that leaves me only 26 years to ketchup...
Tom
