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![]() Obama - this is not the dream I am looking for! Some real evidence of what's really going on; http://www.ml.com/media/100472.pdf The world is growing richer. America is not! America has $11 trillion in public debt, $37 trillion in private debt. The rest of the world has $17 trillion in all debts combined America generates $14 trillion per year The rest of the world generates $64 trillion per year America has incurred $16 trillion in military expenses, America spends $800 billion per year on military, This is a huge liability no other nation carries, it is an albatross around America's neck. Is there any wonder that the 10.1 millionaires took their $40.7 trillion and went home? What can America do? PLENTY! On the opportunity side; America creates an economic and political environment conducive to economic growth! There are 1 billion people unemployed. There are 1.1 billion subsistence farmers. Modern (19th century) methods would allow 0.1 billion to exceed the output of the 1.1 billion and provide a quantity of food, a variety of food, a quality of food, at costs that end hunger. This leaves 2 billion unemployed. These are put to work by investing $40 trillion and profits over 20 years to create 1.4 billion service jobs.and 0.6 manuf jobs. Increasing global output from $78 trillion to $200 trillion with America earning $60 trillion UP from $14 trillion today by having the best economic environment for investment. Higher income for America means more tax revenue for our government collected at lower tax rates. Which means America can easily carry the $11 trillion public debt and $37 trillion private debt on increased earnings. The $40 trillion in assets held by the world's richest, grows to $1 quadrillion by 2025 most of it in America. This is bold vision I wish saw in Washington - training inner city youth and all America's youth to be the engineers scientists and business leaders and managers mastering the global marketplace, providing new sorts of low cost inflatable homes and furnishings for export while ending homelessness in America! NOT training inner city youth trained to install weather stripping to reduce heating bills for low income housing! That's not the hope I was looking for! |
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