Name: The Coming Collapse of America: How to Balance the Federal Budget: Second Edition 2023 (en Inglés)
Price: 35830.00 CLP
Availability: InStock
Author: Casey, Ken
ISBN: 9781669867920

portada The Coming Collapse of America: How to Balance the Federal Budget: Second Edition 2023 (en Inglés)

The Coming Collapse of America: How to Balance the Federal Budget: Second Edition 2023 (en Inglés)

Formato

Libro Físico

Autor

Ken Casey

Editorial

Xlibris Us

Idioma

Inglés

N° páginas

234

Encuadernación

Tapa Blanda

Dimensiones

22.9 x 15.2 x 1.3 cm

Peso

0.35 kg.

ISBN13

9781669867920

Categorías

Economía

The Coming Collapse of America: How to Balance the Federal Budget: Second Edition 2023 (en Inglés)

Ken Casey (Autor) · Xlibris Us · Tapa Blanda

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Reseña del libro "The Coming Collapse of America: How to Balance the Federal Budget: Second Edition 2023 (en Inglés)"

This book is designed to solve the coming fiscal crisis in the US. Increasing debt will lead to hyperinflation within ten years. According to the CBO, if the US continues business as usual, the US will have a debt of $50 trillion in a decade. Investors will flee the US bond market and the Federal Reserve will end up paying off this debt with inflated currency (a technical but not actual default). Flooding our economy with fiat currency will result in hyperinflation and unemployment with the likelihood of a worldwide depression. The solution is not to increase the US debt. The only way this is possible is to balance the federal discretionary and mandatory budgets. Interest on the debt should be paid by the Federal Reserve without borrowing more money, i.e., just printing money. The easiest way to balance the budgets is to cut the military and Medicare budgets. Using President Biden's proposed 2022 budget, we need to cut the military budget from $.8 trillion to $.3 trillion (still greater than China's and Russia's combined military budget) and reduce Medicare expenses by 50%. Medicare expenses can be cut by providing a low option Medicare plan (subsidized to the extent of 50%) with significant coinsurance and co-payments.