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  • Morning Bell: Saving the American Dream

    Fellow Americans:

    Today, I am excited to announce the release of The Heritage Foundation’s comprehensive agenda that sets a new course for the size and scope of the federal government. The new report, “Saving the American Dream: Heritage’s Plan to Fix the Debt, Cut Spending, and Restore Prosperity,” lays out specific policy recommendations in Social Security, Medicare, Medicaid, health insurance, the tax code and federal spending. Saving the American Dream envisions real solutions for staving off America’s potential decline while strengthening the economy for current and future generations.

    We are doing this because we have come to a time of decision in America. For far too long, Congress has been on an unsustainable binge of spending, taxing, and borrowing. Our nation is going broke, and we are passing the costs of these misguided policies to our children and their children.

    Over time, our national government has become bloated, overextended and unrestrained, oblivious of its core functions, operating far beyond its means and vastly outside of its proper constitutional bounds. Unchecked, the course we are on now will cripple our economy, undermine our prosperity, and lead to fiscal insolvency. By robbing the future of opportunity and freedom, it will destroy the American Dream for future generations.

    Already, we are living through the shame of being publicly lectured by our Communist Chinese creditors, who have contempt for our profligacy. The day it was announced that Standard and Poor’s had lowered the outlook on our economy, a collective gasp went through the international community. If our elected leaders keep it up, we are certain to face financial crises like Greece or Portugal.

    America is on the verge of becoming a country in decline—economically stagnant and permanently debtbound, heavily regulated and bureaucratic, less self-governing and less free.

    But this fate does not have to be our future. We can get spending under control, balance the budget, and shrink our debt. We can limit the size of government and set free once again the unlimited genius of Americans to create wealth and jobs. We can turn the tide and change our nation’s course.

    Saving the American Dream is our plan to fix the debt, cut spending and, above all, restore prosperity. It balances the nation’s budget within a decade—and keeps it balanced. It reduces the debt and cuts government in half. It eliminates government-mandated health care and fully funds our national defense. In order to get our fiscal house in order, we must address Social Security, Medicare, and Medicaid, the three so-called entitlement programs which together account for 43 percent of federal spending today. Far too many seniors still lack enough help to avoid poverty. Saving the American Dream therefore does not end these programs; instead it focuses them on those who need them.

    Our plan also encourages Americans to become more fiscally responsible themselves. It redesigns our entire tax system into an expenditure tax that will have a single flat rate. This is a structure that will promote savings, therefore benefiting individual Americans, our body politic, and the economy. Greater savings mean stronger capital formation and thus a more robust economy, which means real jobs for Americans.

    This plan substantially reduces the size and scope of the federal government, fundamentally increases the role of the states in choosing their own practices, and brings decision-making closer to the people rather than unelected administrators. These are crucial steps that will get our nation on a path of fiscal, political, and constitutional responsibility. It is part of our larger effort to get our country back on track, reclaim its truths, conserve its liberating principles, and build an America where freedom, opportunity, prosperity, and civil society flourish.

    At the end of the day our plan, while economic in nature, has a higher moral purpose. If entitlements are not reformed, the next generation and future ones will have to pay punitive tax rates that will end liberty as we have known it. Our proposal aims to preserve America’s promise bequeathed to us by past generations.

    Edmund Burke reminds us to think of our time on this earth not as an individual and temporary event, but rather as a partnership “between those who are living, those who are dead and those who are yet to be born.” Keeping faith with this partnership is what we aim to do with Saving the American Dream.

    We have been here before, and every time the American people have always risen to the occasion and seized the moment. In 1776 we were told that no upstart colonists could defeat the strongest nation in the world, and we decided to change the course of history. In 1860 we were told the Union could not hold and that America was over, and we brought forth a new birth of freedom. In 1980 we were told that the American century was at an end, and we launched a great economic expansion, rebuilt our military, and revived our national spirit.

    Hard times demand tough choices. The future of our nation is at stake.

    All that is required, as my hero Ronald Reagan once said, is “our best effort, and our willingness to believe in ourselves and to believe in our capacity to perform great deeds; to believe that together, with God’s help, we can and will resolve the problems which now confront us.”

    Together, let us seize the moment, change our country’s course, and save the American Dream.

    Edwin J. Feulner
    President, The Heritage Foundation

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    77 Responses to Morning Bell: Saving the American Dream

    1. Ken Jarvis - Las Veg says:

      Microsoft agrees to buy Skype for $8.5 billion, Fortune has confirmed.

      Another WIN for MSoft,
      Another LOSS for Google.

      Competition is GOOD.
      Consolidation is BAD.

      MSoft doesn't even know how the telephone works.
      Have YOU ever tried to CALL them?
      What is their phone number?

    2. Susan Ruth Warren, M says:

      Forward this to our President, Senators and Representatives. Most of them are responsible for losing the American dream.

      Thanks for all your efforts.

      God bless.

    3. Susan Ruth Warren, M says:

      Forward this to our President, Senators, and Representatives. Most of them are responsible for us losing the American Dream.

      Thank you for all your efforts.

      God bless you.

    4. Turner, Massachusett says:

      If all we are doing is dreaming, and I say that is all we are doing, I say, "Buckle up America." Our politicians do not have the will power or the morals to do what is right. Even if they did, our debt level would not allow us to avoid being swallowed by the tsunami of demands from a prodigal nation of entitlement. Our old have spent the inheritances of the next generation so they can have it easy in retirement. Those bills will come due on their children and grandchildren. If anyone wants a meal, say to them, "Aren't we glad we spent the Federal dollars on Cowboy Poet's Festivals?" We need and deserve a catastrophe to bring us back into the real world.

    5. John New Jersey says:

      thank you thank you thank you.Now all you need is a baseball bat and a visit to congress.

    6. Carroll Springer, Cu says:

      So what's wrong with the "Fair Tax?" Do you really understand all its features and implications? The last thing we need is ANOTHER tax plan. The Fair Tax will do the job. FOCUS!

    7. cathy, maine says:

      will you send a copy to each representative in Washington? please? and when the government rewards debt by giving a tax deduction and punishes saving by taxing interest, and they don't let free markets decide interest rates, gas prices, gold prices and stock prices, it spells doom!

    8. Frances Hardin, Sell says:

      It is so important that we realize anew that our help will come from our Almight God. Our prayer is that our nation will return to serving and obeying our Heavenly and Almighty God. We appreciate your refernces to God and his power.

    9. Steve Cafaro Fort My says:

      I do not see anything in your "Save the American Dream" plan that directly restores American jobs. Although the fiscal restraints are critical, they will not be sufficient to restore American prosperity unless they are combined with an intitiative to repatrriate the tens of millions of jobs that have been lost to foreigners.

    10. Robert, North Richla says:

      Bravo, Heritage Foundation! This appears to be a very comprehensive plan that will improve our nation. Personally, I do not think it goes far enough cutting welfare spending. We cannot afford to fund an average of $36,000 per household for over 25 million households (we have over 100 million welfare recipients – uscensus.gov) AND continue Social Security and Medicare. But regardless, who is going to implement this plan? Little johnny will raise the debt limit if big, bad Obama cuts $2 trillion in spending. $2 trillion against the baseline? Over how many years? It's like opening an umbrella in a hurricane. We can sit around on our butt (like McClellan) for years trying to create the perfect plan – or we can go find a George S. Patton (or Stonewall Jackson) who will attack the enemy NOW.

    11. Bob Carr, Downingtow says:

      One of the cries that will be raised against proposals to reduce the size and reach of the federal government is the thought of lost jobs (a very real issue for our neighbors and friends who are federal employees). Surely a more robust economy would provide jobs for them in the private sector, "displaced" employees could gradually be moved into other government jobs made available by retirement, etc., or early retirement incentives could be offered. But even if hundreds or thousands of current federal employees were paid to do nothing until retirement, think of the savings that could be generated by not having them spend more money in doing their current jobs!

    12. Hermes LIBERTY, New- says:

      Great and Noble idea Ed and Heritage. It pays to have a Heritage Foundation that understands its Mission and works therefore toward saving and re-Founding when necessary. Your plan, our, shall be consulted, and at time largely used by Candidates, including myself.

      Yes America needs, and is able, to once more stands the challenges and win the war against any opposing, threatening or destructing agent whosowhatsoever. We however need to come together, Conservative and Liberals, Democrats and Republican et Al. Our Nation needs all its Children in a time of a very particular Crisis; a Crisis brought about not only by the natural things, like our politician's unconsciousness in making specific choices, but also by conscious Enemies however concealed and invisible. We need to come together and once more, we Conservative have the burden to be Flexible and Large enough to bring our comPatriots with us for this Renaissance we are about to make. Let us understand it and go for it.

    13. Nancy Webster says:

      Mr. Feulner,

      Though I have not yet read "Saving the American Dream," I intend to read it today. I am wondering though if you have considered printing the entire document in book or pamphlet format for purchase in quantity. There are many who may never go to your website that surely need to read "Saving the American Dream." Just forwarding it to them will not entice them to read it, but making it a best-seller may just do the trick. Once again, thank you to The Heritage Foundation for doing their best to bring us back to the status of the greatest nation.

      Most sincerely,

      Nancy Webster

      Memphis, Tennessee

      and proud member of The Heritage Foundation

    14. J. Guidry, Battlefie says:

      Turner, you misspoke, and I'm being gentle when I say that. The "old" have not spent the inheritances of the future generation so they can have it easy in retirement. Study up on it, pardner. Social Security is not an entitlement program neither is Medicare, if handled as it was originally designed. The progressives robbed the SS fund to pay for entitlements for the "poor unfortunate" beginning with the Johnson administration and continuing through the cowards and scofflaws elected to office since then. SS and Medicare is a retirement program paid for by the "old" during their working years without their consent or agreement, except by the fact that they had jobs. Once the "trust" fund was robbed by the politicians to pay for votes via moocher entitlement programs, it became a ponzi scheme out of necessity to fund the retiring workers.

      Get your facts straight, young man, and put the blame where it belongs, the crooked politicians in D.C.

    15. Jim Ramsey - Charles says:

      Mr Feulner,

      I agree 100% with your comments regarding taking America back. If this country were a person trying to buy a used car, and the bank looked at his debt load and his income, he would not be granted a loan.

      Yet, this country continues to rack up debt like we can pay for it! It has been said that we are under attack from within …. and it will be hard to prove that we aren't. The liberal Democrats are destroying this country and they must be stopped while we still have time.

      I'm not in a position to donate (Thanks, Obama!), I certainly can and will wave the flag every opportunity I can.

      Respectfully,

      Jim R.

    16. Eric, Pittsburgh says:

      I love the Heritage Foundation. I appreciate getting a dose of conservative reality in my mailbox every morning with the Morning Bell. It helps to balance the bias of the media as well as offers much more insight and in-depth analysis than can be gained in 30 second sound bites. Keep up the great work.

    17. Christopher Popham S says:

      "Saving the American Dream"? The Heritage Foundation's efforts in this regard are

      so admirable. We wish them well, but look around at all the exigencies that place

      this once great nation on the cusp of economic implosion:

      1. A Congress and White House paralyzed by ideologies to effect proper repair

      and healing of our fiscal crises.

      2. $188 million is spent by the U.S. government every hour of the day. Do the math.

      3. FEMA is doing all it can, but natural disasters are draining state and federal

      treasuries.

      4. Trillions of dollars spent in the Middle East…..draining our treasury and negatively

      impacting all future generations.

      5. The Federal Reserve unrelentingly continues to devalue the dollar.

      6. The new, unconstitutuional health care law, if implemented, will secure the demise

      of this country's good health.

      We regret to inform the good folks at Heritage, that their focus is misguided.

      We should be considering the roots of the 21st Century American Revolution, for

      unless that happens, the America of our parents and grandparents will be nothing

      more than a cherished memory.

      GOOD LUCK, AMERICA.

    18. Victor Barney, LeHig says:

      "Saving the American Dream" I guess that depends how how you define "American," right? Presidents like Teddy Rossevelt, Wilson, FDR, Truman, Carter and the latest self-reported Marxist(as Islam, Anti-Christ by definition) and "Anti-Christ"(the "right" one this time) Obama will-like his father did in Kenya, overthrow America(Israel by the seed of Joseph(Gen. 48:16) into Marxism, as he promised during his campaign! Remember, his promised "fundamental transformation" our more verbally endowd ladies? Yes, America, you have placed the endtime Marxist(Anti-Christ over the "real" Israel and next comes the planned economic collapse as mandated by the Marxist Manifesto, the mandated villain will be "rich(?)" white men to holocaust, just like described in the Book of Revelation! Can you imagine? Ev'e's "intellectualizing"(first sin) started man's reign and now she is ending it again with her "intellectualizing!" No? And, who do you think is the "forbidden foreigner(non-Israelite-Deuteronomy 17:15) and "Anti-Christ"(Head Marxist) put over Israel in the last days? I say Marxist, because it transends religion and rides the white horse in the Marxist-run UN(Thanks, Truman); unlike the caliphate of Islamic countries called the "Beast" in Revelations! Watch! It will soon come to pass, starting no later than nexy November, although this November can not be ruled-out until it gets here! Watch!

    19. Cathy, Lancaster, Ca says:

      If we, the American people, ran our household and business budgets like the people in Washington are, there would be no America period. If the money isn't there, bills don't get paid, you don't keep borrowning. If the money isn't there, you cut expenses, to the bare bone, not keep borrowning. If the money isn't there, you get another job, other ways to bring in money, not keep borrowning. We are a rich nation, we have a ton of resources that we can use instead of borrowing. We have people that need and want jobs here, don't send them overseas. We have people that are desperately in need of help because they are at or below poverty levels and we have others that are using the system, it all needs to be cleaned up. Yes it will be hard, but everyone needs to grab their boot straps and pull hard to get us back to a nation in the black, not the red.

    20. toledofan says:

      I think another great example of what we should do and why it should be done, but, I fear, the will of the politicans to make it happen are minimal at best. I mean does anyone really expect that Reid, Pelosi or Obama have the will or the nerve to do what is best for America? Until some of these career politicans are voted out or retire, things will probably remain the same. I just can't picture Obama, all of a sudden or any of the Democrats for that matter, becoming leaders and actually doing what is best for the country. The current administration is locked into doing whatever gets them the most political gain and because there are so many already dependant on the government, their plan is to do more of the same.

    21. Frank, Florida says:

      Heritage's Plan of "Saving the American Dream" seems workable & makes more sense the "Ryan Plan" currently being bantered about & which falls way short of what is needed. But here is the catch according to Heritage's own wording: "We are living on borrowed time and risk an economic catastrophe unless somebody in government exercises real leadership to reduce spending and borrowing." The problem is that we have a completely corrupt political system that no longer works to the benefit of the nation, in general, nor does it try to uphold our nation's founding principles. Big Business & Big Labor for many, many years have sent highly paid lobbyists to Washington & they have donated hundreds of millions of dollars to elect politicians to office (and perpetually keep re-electing them to office via continued re-election donations) in order to get political "payback" once these politicians are in office. This results in a distorted "crony capitalism" & an uneven economic playing field that reduces competition & stunts economic growth. With 51% of US households now paying no income tax (& with the average household now actually receiving more in government benefits than they pay in taxes), it's even easier for "professional politicians" to get re-elected by campaign contributions from Big Business & Big Labor. Just keep promising more benefits!!

      In other words, instead of "…somebody in government exercises real leadership to reduce spending and borrowing", substitute political reality by changing one word "…NOBODY in government exercises real leadership to reduce spending and borrowing." The latter is the situation we Americans are facing today! But we only get what we deserve: crony capitalism & a freeloading electorate always looking for another government benefit by "taxing the rich" (49% of taxpaying household).

      I'm not optimistic about our nation's future absent political reform first… and time is quickly running out!!

    22. Bill, Texas says:

      Not meaning to seem skeptical, but my dream is undoubtedly close to your dream and I appreciate you. I have no personal power to get the attention of Congress (My congressman knows how I feel and he's on the same track with one vote). What are you doing to get your position there for the vast majority of that body?

    23. D.F. Pesznecker Stan says:

      To All at Heritage….thanks for the thoughtful and poignent plan. I fully

      agree. Next, is the hope that Congrfess is listening and will act. I'd say

      that is a long shot. D.F. Pesznecker, onwatch1@wavecable.com

      ( the first step in my opinion, is to get our alleged president out of the

      white house.)

    24. L Mill, MI says:

      Right on, Guidry. SS and Medicare are programs we have paid into our whole working careers, only to be squandered by the progressives and handing out SSI to YOUNG people who have never worked a day in their lives. I know of two offhand who were granted full disability through SSI for ADHD who sit around all day getting high and playing video games. You can blame it on the greed and laziness, Turner, of the younger generation, The Entitlement Generation.

    25. Tom Georgia says:

      Congress IS NOT BORROWING from the future–Congress IS STEALING from the future and the purchasing power that is being stolen by Congress will have to be produced by the Citizens of the future over and above the amounts they will have available for their own use.

      The United States Congress is a such a sad, sick joke that it should cause any caring person to cry just to look at it and to listen to the flock of fools who we have elected to represent us.

      We, the People, of The United States of America and our descendents are the value producing host population from whom the cleptoparasites in Washington are stealing.

      The United States Federal Government is the largest and most lucrative organized crime syndicate that has ever existed.

    26. Chet Sanson, Leesbur says:

      I wish that there were enough "Americans" who could read this and understand what is happening in America.

    27. Chet Sanson, Leesbur says:

      I wish rhere were enough "Americans " that could read this and understand what is happening to America.

    28. floyd, Washington DC says:

      If an expenditure tax is proposed then will not everyone barter and trade for goods and services to avoid it? Will not victory gardens become common place and the making of our own bread instead of paying for goods and paying the tax?

      I like the flat tax proposed by Forbes because it is the same across the board for everyone – individuals, companies, married, single, bond and free. Please consider a tax on your increase instead of expenditure.

      It would be similar to a tithe. Is not a tithe fair?

      thanks for your consideration,

      floyd

    29. Chet Sanson, Leesbur says:

      I wish rhere were enough "Americans" that could read this and understand what is happening to America.

    30. Wayne Johnson, Sunri says:

      Please propose a system, too, which will turn back the 100 years of "dumbing-down" that has taken place in American society. Until it is being discussed by people who understand what money is, and its functions, little can be accomplished.

      Also, since we have crossed the 50% line on the population receiving taxpayer support vs. net tax payers, we have a voter problem. Possibly requiring tax levels to include 75-80% of the population might get their interest.

    31. Bob W Maine says:

      It is not the Federal Government's role to "create jobs" especially by "legislating it"….but by cutting taxes & regulations businesses would naturally expand or improve thereby creating & maintaining jobs. That is what the feds (and many states) must do ASAP. Also eliminating/phasing out many federal agencies would save billions. If there are necessary "services" needed, then the private sector would respond and create businesses to supply services that are 100% needed.

      The "Fair Tax" (which eliminates Income taxes & the IRS), not a "Flat tax" which maintains income taxes and the IRS bureacracy….will solve many of the financial woes we have!

    32. Al from Fl says:

      I will read the plan but just out of the gate – balance the budget within a decade? We should balance the budget within the next 2-3 years and no longer. Within the decade some other incident(s) will occur to upset the economic applecart if we take that long to reach a balanced budget.

      There's no doubt that the parties have two different views of what America should be and what our goal/vision should be. That makes it very difficult for congress to work effectively. The vote in 2012 should really be one for the people to decide if our Constitution and the constitutional republican form of gov't is what they want or if they want a socialist form like the dems/secular progressives are pushing for. If the latter, God help us.

    33. Dan Spies says:

      While I currently can not afford to provided any meaningful financial support I do stand shoulder to shoulder with you and this initiative. Dan Spies

    34. Fred De Sena Sparta, says:

      O.K. ,

      I am in. Now where is the "solid" candidate to put forth the proposition… And I don't mean any one of those charlatans currently who are in/not in the race.

    35. Lloyd Scallan (New O says:

      Great article Mr. Feulner, now what? We all can have "dreams" and "plans" to turn this thing around, but in today's world, words are not going to stop this onslaught. It not only about Obama and his Democrat ilk, but the Republicans in Congress that are no different.

      What do we do about the almost 50% of the parasites of this nation that live on government handouts (out tax dollars) that do not pay "their fair share" and refuse to work to support their own families, but demand more and more, and are given what they demand in exchange for votes.

      What do we do about a bought and paid for national media that will not speak or print the truth. About a media that lies and distorts the facts to deliberately support the demise of our American way of life., A media that actually applauds the efforts of a leftest mind set that continues to take wealth from those that earned it, then give it to those who stand in line with their hands out, in the name of "fairness". A media that encourages those on the left that refuse to accept

      that certain steps must be taken to protect this nation for those that would

      kill us, then hide behind "American values" as a excuse for not using what

      we proved has worked, but look past the truth to their leader's ideology.

      What do we do about a government that will not protect our boarders from

      invaders that cross into this country that do nothing but take. About government

      bureaucrats that attacks those states that pass laws to protect their citizens, in hopes of passing future laws that gives the invaders the right to vote.

      About a government that demands to take away any form of protection from

      its citizens in the name of "crime reduction" knowing full well that, in past dictatorships, taking away means of protection is the first step to control.

      It will take much more that dreams, plans, and elections. It's going to take

      American to stand up and throw out all that is destroying our American dream.

    36. Don Vander Jagt, Gra says:

      Your " Saving the American Dream" plan looks good to me, at my first reading, although I didn't go into all the details of individual headings. However may I suggest you put one more leg under the stool.

      You suggest a number of saving accounts, and since I'm reasonably sure you're not speaking about the famous "government lockboxes", a problem we have in the financial area where most folks hope to save funds for the future comes to my mind. And that problem is the unreliability that those funds will be available when they're needed.

      The average investor is routinely bilked by the financial advisers of Wall Street.

      What we need in the area of "financial reform law", is a investor protection act that would dictate transparency and guarantee that the financial advisor has the very same goal as to invester has.

      In order to do that all financial advisors who accept investors money to invest in public held institutions or corporation's must be limited in their remunerations to a percentage of net realized prophet.

      All publicly held institutions or corporations must limit their remunerations for CEOs and upper management including board members to a before hand published percentage of net realized prophet.

      Without that transparency Wall Street will continue to play the investor like a violin, and the new crop of investors will continue to get sucked in by their pie-in-the-sky rhetoric.

    37. Dwana Townsend, Harv says:

      America needs bold ideas to come out of this crisis. But we need someone with enough guts to outline this or any other viable plan to the American Voter (who will that be?) From what I am seeing we have a bunch of cowards that are afraid to address bold reformation much less to publically put forth a REAL plan that addresses "Saving the American Dream". I don't think any candidate will have the guts to develop a robust Campaign outlining some of these ideas. Do you?

      As for the HF ideas regarding Social Security, I like that someone is thinking out of the box for a change. I have my own ideas about reform. How about anyone entering the work force now start to contribute to their own plan as suggested, but instead of working longer, if they elect to save more during their working life (35 yrs) could elect to retire early (say 59 and that is only if you have saved enough according to a lifespan scale calculation) thus opening up the workforce for our younger generations.

      One of the other bloggers responded that the reform plan did not address how to create jobs. Until we can create jobs and an educated workforce to support it more and more people will become reliant on government handouts. When it becomes more profitable to stay home (collecting unemployment, food stamps, section 8 housing, etc) than to work for minimum wage then why wouldn't people elect to do nothing and collect whatever the government is willing to give them to do so!!!

      I am fortunate that my mother and father believed that working hard paid off, believed in the value of a good education and believed in each of us and that if we had a dream or a goal that we could achieve anything we set our minds to. After all the possibilities are endless in America right? At least that was what I was taught!!

      I have passed that same philosophy onto my children and have to say that I am proud of each of them. BUT I am worried about future generations. Who will encourage them that working hard will pay off in the end? Who will encourgage them that doing well in school and going to college or learning a trade will be key to their survival? Will our education system Fail our Children anyway? What kind of jobs will my grandchildren and greatgrandchildren be able to look forward to?

      I am truely afraid for the future of our country, our children and all future generations. Afraid America will lose it's core values and it's constitution.

      We not only need a leader bold enough to tell us the truth and put forth very bold path to future success, but each of us also has the responsibility to make sure that we protect America. That means that we can no longer afford to sit on the sidelines anylonger, we must take action. I don't advocate violence as a way to take back our country, but everyone has a role and can do their part!

    38. James Michael Tierra says:

      balance the buget in ten years why not pay off the debt in ten years. the government takes in over 2 trillion a year it does not have a cash flow problem it has a spending problem. the house can and should refuse to raise the debt limit there will be no default as we can pay the interest and 100 billion or more on the principal, fund defense and eliminate all tax subsidies. rework entitlements and the tax code per your sugestions.

    39. 2dokie says:

      While the Pres. sets charges and lights fuses, the Republicans in congress sit in disbelief and dither over what to do to counter him. They can't concieve of the fact that while he thinks he knows what he's doing, he hasn't a clue. If he succeeds he wont raise the prospects for the world's poor, he'll destroy them. If a wealthy benevolent US isn't ready to rescue, China, or nobody else will.

    40. Richard Teti, Mavern says:

      May 10, 2011

      Hello Heritage Foundation,

      I read your plan “Saving the American Dream”. It shows good effort, however, it leaves in place a socialistic framework that will eventually lead to another unsustainable behemoth that will need to be reformed again. As you have stated and I agree with wholeheartedly, America's best hope for survival is derived from the Unite States Constitution and relies on all of our effort. It is essential that we boil our case down to a choice between freedom (with this freedom comes personal responsibility) and servitude. This should be the message hammered day in and day out to America. Specifically, to have maximum freedom and minimal government (less servitude) we need a separation of business and state at all levels of government. This will eliminate corruption, eliminate social engineering and will raise the standard of living for all Americans. At the Federal level, as an American Citizen, I would like to see a long term plan formulated, presented and hammered home on a daily basis that reduces the Federal Government to 3 Executive Departments, State, Treasury and Defense, Congressional staffs reduced to 2 assistants, Repeal of the 16th (repeal all direct income tax) and 17th (restore a needed check on Federal Power and Mob rule) Amendments, add a Balanced Budget Amendment, the States will pay for the Federal Government according to population within each State and additional revenue may be obtained from port fees and other appropriate fees for service that are within the confines of the Constitution, add Line Item Veto Amendment for the President, add Amendment to limit Congressional House members to 3 terms, Senators to 1 term and limit Supreme Court Justices to one 8 year term, eliminate legal tender laws and the Fed, allow a free banking system to flourish with a sound metal commodity based money system. All of this can be summarized as true free market Capitalism that is the only system consistent with freedom and the United States system laid out in the Constitution by the Founding Fathers. Charities and other non-profits will be more than adequate to take care of the needy. Now you and your staff may think this is an impossible dream, however I am confident that this plan can be achieved within 2 generations if we start aggressively educating people of their choice between freedom or servitude. I would suggest an alliance with the Constitution Party and Libertarians to take over leadership of the Republican Party to work and present this plan to American People. Remember one thing "The Big Tent" is Freedom; Diversity takes care of itself after that.

      While the Collectivist Federal Monkey is being peeled off the American citizens back by your leadership we, as citizens, can concentrate on rolling back our oppressive State and Local Governments.

      Thank You for Your Attention,

      Rich Teti, Age 44

      Electrical Engineer

      Proud Citizen, United States of America

      Malvern, PA 19355

    41. KC - New Mexico says:

      Good article – thanks. Americans do need to understand the meaning of being more fiscally responsible. Change is not easy but we cannot continue down the path of socialism and providing the free handout to nearly 50% of this country. Nor can we continue to let the rich play the games with the loopholes. The size of government must be reduced. One solution that is joined with reducing the size of government is the abolishment of tax based job union coverage. Unions should not be allowed to represent anyone in a tax based job. Another solution is to change the progressive tax process that is not fair to any working American. Replace this outdated process with a simple flat tax approach on earned income that everyone participates in with no exceptions. A third solution is to reduce foreign aid spending and present the other governments around the globe with our bill of service. A forth solution is to add term limits to all political positions and to require that any legislative bill applies to the political individual. In addition, reduce the pay for life salary that politicians receive – they get paid will working as an elected politician, but after their term limit is over, they are on their own – like the rest of us. These are not difficult changes, but gutsy and needed for our future successes. Leadership is Washington must drive this – or the new blood after the 2012 elections.

    42. Dr. Henry D. Sinopol says:

      Good luck Ed…I'm sure the next time you have dinner with the 'lifer' Republicans & Democrats they will really embrace this plan. Keep in mind, we still have Obama's health care package, the national debt will be raised, the dollar will continue to fall, politicians will continue passing laws that do not apply to them and what do we do….write reports.

      Again, good luck Ed…

    43. Jay Young, Quincy, I says:

      I have no rebuttal with anything in the plan, with the exception of the "flat tax" proposal. Does Heritage not recall that the original "Income Tax" was designed as a flat tax with all of the promises of it never rising above a low percentage and then applying only to the very rich? A re-inventing of a new flat tax will only set the pin back and open the door for a new generation of lobbyists and politicians to manipulate and exempt their favorites and begin a fast pace right back where we are now. The only solution to the onerous tax code that is crippling this nation is to pass the "Fair Tax" as written. It will replace the tax code, eliminate the IRS as it now stands and place this nation back at the top of the heap of business friendly nations with all of the benefits that come with the flood of business capital and jobs to follow. Please read up on the "FACTS" at fairtax.org and learn why this is the only viable tax reform proposal that makes sense, and is being supported in Congress. People, time is running out!

    44. KC - New Mexico says:

      I agree with J. Guidry, Battlefield, MO – we have paid a lot into social security for retirement. I do not expect SS to be changed, however the fraud side of SS must be addressed. There is a lot of fraud in Medicare as well.

      I also agree with Robert, North Richland Hills, TX – we can no longer support every American. The process of entitlements and the continual free hand outs from government must stop. The solution is simple – for all those who receive hand outs from the government – they must contribute, in some way, back to the community in order to receive the tax funded assisstance. Illegal immigrants should not receive a dime – unless they are on a work permit and are paying taxes on earned income.

    45. Donald Thorin, Glend says:

      The American Dream, can not be fulfilled in our present circumstances, expenditure taxation is much more favorable and of greater benefit to a balanced budget than the near 100 year income taxation methods. A flat tax does not quite provide the answer as it would also require fixed adjustments. A national sales/use tax, properly administrated provides a more effective approach.

    46. Carol,AZ says:

      To: Steve in Fort Myers FL..

      Certainly your correct on restoring the 7. million jobs now being held by all forms of imported labor, and to free-up these jobs to unemployed Americans.How American!

      However, your State Fl, just refused to pass the legal search engine E-Verify further slamming the American worker.

      Your State as compared to pass leadership, has made strides on this issue.

      Don't let E-verify cave.

      You still have one of the highest illegal populations in the USA your supporting.

      A huge number of American unemployed in FL, are depending on people like you to bring up for re-vote and to pass it. .

    47. Turner, Massachusett says:

      J. Guidry, the older generation elected those politicians and guided their votes, failed to recognize the extending life expectancies, and they failed to reserve enough for their generation. (Plus, I'm older than you know). I do not believe in retirement and I do not think anyone owes me anything for sitting on my butt. If you can afford to sit and want to sit, that is your decision. But as the old proverb states, "if he will not work, he will not eat." However, I am all for safety nets, but everyone does not deserve a house in Florida, a Bo Jackson hip and a lifetime supply of Viagra.

    48. Roger S., Mass. says:

      Nice plan, IF, it were adopted and implemented in its entirety, all at once. Unfortunately, that's a very big IF. The more likely road will be to chose pieces of it and "compromise" them with the "status quo" thus eliminating much of its benefit. All the same, a nice job, to be used as a yard stick against proposed legislation. That alone already makes it worthwhile!

    49. Thomas in San Diego, says:

      Social Security is not an insurance policy, an investment vehicle, a retirement plan, or an entitlement. It is and always has been a welfare plan supported by taxes and designed to keep old folks from living in destitution. Accordingly, only those who truly need Social Security payments to avoid destitution should receive such payments. In other words, it should be means-tested much more than it already is.

      I receive SS retirement benefits. My wife receives SS disability, and will soon receive SS retirement benefits. We don't need and should not receive these payments, regardless of how much we paid in payroll taxes. It is immoral to force young workers to pay for our benefits when we have more than enough income from other sources to live very comfortably without SS payments.

      Frankly, I am sick of hearing other seniors say "I paid in for 40 years and now they owe me." Bunk! You also paid income taxes. Are you entitled to any individual return on the income taxes you paid? Of course not. Well, no rational distinction can be made between payroll and income taxes. If you thought payroll taxes entitled you to some individual benefit, then you were simply misled by the politicians. In short, you were duped. SS payments have always been subject to change or elimination at any time by an act of Congress.

    50. Don Creech, Port Orc says:

      Congress is more than a day late and a dollar short recognizing the demographic changes in our country mandating policy changes to curb government spending. The Boomer's children are 9 million fewer in number who happen to be earning less than their parents at a similar age. Without the earnings, we lack consumer spending and tax revenue to sustain 2008 spending, much less the ramped up hand-outs and bail-outs that have occurred since.

    51. Diane Taxpayer says:

      Usually I agree with nearly all you folks say. In this case your "saving the American Dream", plan looks like you plan to stick it to the baby-boomers, the ones who put all that money into social security and medicare for the last 65 years. Basically you're stealing their money, and oh-yeah, if they were wise enough to put extra away for retirement, then they get penalized for that by not getting any of their social security and medicare money back. This is Grand Theft in a big way by the Government. Crooks should go to jail. We're going to need a large on to lock up the federal government.

      Instead of stealing from Americans, why not stop throwing money out of the country to all our enemies? Stop paying illegal alians for being here illegally. Stop paying South America to drill for oil in their country and drill for it in our country. And on and on and on. How about if the federal government just took a 20 year leave of absence without pay. We'd all be much better off.

    52. Lynda Quadland San A says:

      Will they withdraw the contractors in Afghanistan and Iraq? Who and what are we paying for the NEW UN war in Libya? Now going after Syria and Pakistan? May I remind you that Pakistan has Nukes? This gov is worse than Bush. How and were is the money coming from to fund all this. I like the plan. May I suggest 2 more things. I would like to see the President and Congress take a 50% pay cut. 2. All funds not spent as of the end date can not be carried over to the next year. I must be returned.

    53. J. Guidry, Battlefie says:

      Turner, the "older" generation were not filled with psychics at that time nor are we now. When LBJ was first put into office following the death of JFK there was no way to know what he and his fellow progressives would do. No excuse, except that I did not vote for JFK nor LBJ when I was a young man. I could still think at that time and still do.

      I am firmly in the camp of if ya want something, ya work for it. I've been applying that philosophy since I was 14, and still am.

      Somehow you have this idea that all the "old" folks don't deserve what they have. Most of the folks I know who live in a house in Florida worked hard to get what they have in their "golden" years. Don't know anyone with a "Bo Jackson hip" and a lifetime supply of Viagra, can't say anything about those assumptions of yours. Sounds like liberal talking points on where to place the blame for the crisis this country now faces.

      Look closely at the democrats for their actions over the last 70 years and how they have pointed this country in this direction over that period of time. If you're honest in assessing what you find in your research, you'll see the trend down through the decades to this point in our history.

      Give it a shot, what ya got to lose? Ya might learn something new.

    54. Rednano74, Dover, DE says:

      The big 3 – SS, Medicare/Medicaid – account for more than 43% of the federal budget Heritage. It's more like 65% when you also include all other forms of welfare.

      I am sick and tired kicking the can down the road as the crooks in D.C. have been doing for generations – both Republicans and Democrats have had too much bipartisanship for decades. Despite a 600% increase in SS taxes and 400% increase in Medicare taxes, the programs are collapsing fast because it's a pyramid scheme. It's a wealth stealing scheme. It's a job destroying scheme. Why do we tax employers to hire workers? That is exactly what the payroll tax DOES.

      Solution?

      Audit the FED – pure criminals who can print money out of thin air causing poverty and creating inflation. A dollar in 1910 is now only worth 5 cents. Since it's inception – thanks to Democrat Wilson – our economy has grown on average of 3%. Prior our economy grew at a 10% average. Those in control our secret people who are accountable to no one.

      Abolish the IRS – Again, started in 1913 right after the FED – how convenient? Tax rates were 1% for everyone then scale was 1%, 2%, 3%, 4%, 5%, 6% for a max total of 7%. Politicians promised no income tax higher than 7%. Who's laughing now? Implement a 10% national sales tax for basic funding of the federal government including defense, not the military industrial complex around the world. No more playing politics with incomes and dividing people into groups for political gains i.e. class warfare, enslavement, etc.

      Phase out SS and give Medicare over to the states for serious reforms. Both are unconstitutional pyramid schemes anyway. Great Society is a complete failure!

      End the wars – Bring home all troops and put at Mexican border. Slowly close all 900 bases around the world. Why are we still in Japan and Germany for wars that ended 50 years ago? They should fund their own defense. All foreign aid is ended as well.

      Drill for oil – this would create 2 million immediate jobs! Also, alleviate personal and businesses budgets reducing inflation caused by Obama who controls oil drilling here, hence supply and demand. Bernanke should be in prison and the dollar rebounds lowering cost of barrel. Economy goes boom!

      It does not get any simpler than that my friends. Anything less won't solve one damn thing long term…

      1910 combined govt spending? 10%

      2011 combined govt spending? 47%

    55. Chris Sherow says:

      And Agenda 21 rolls on……sorry, you're putting a band-aid on a severed limb. Let me know when you're serious. Thanks.

    56. Lydia, Richmond, VA says:

      The concept of the Save the American Dream is good, but I see problems with execution, at least as presented in the article. The method of reporting income vs.saving vs. expenditures to determine what is or is not taxable seems one. You'd be left with a tax return almost as complicated as the one we have now. To accomplish the same objective, wouldn't it be better simply to repeal the current income tax amendment, then substitute a national sales tax at a determined percentage of GNP collected at the source of expenditure? To allow for a subsidized amount not taxed for low-income households, each individual/couple/household could receive a payment equal to the poverty level. There need be no other deductions or income credits. The only form to be filed would be one listing the number of individuals included in the household taxing unit..

    57. Robert Bailey, River says:

      You're right, it is outta control, and my friends I'm afraid it wont be stopped because of the corruption in Washington D.C. It is going to crash, no stopping it because NO ONE has the balls or smarts to stop it.Everyone in Washington DC is to blame. Their Pensions alone could take it down. DOOMSDAY is coming, it's not IF; IT'sWHEN…………………

    58. Dan Dalpes, Idaho Sp says:

      Term limits… make elected officials financially liable for their laws… make departments generate monies to operate from their own fees for services… Arizona style prisons for illegals… liability for inspectors who err… build ar your own risk in flood plains… steep shiilsides… mountain areas… end school bussing, which is not education… return to gold, silver or some standard…flat tax sounds good… school choice and vouchers.

      Greetings to EJF, Jr.

    59. Blair Franconia, NH says:

      The American Dream is on life support. Obama's going to pull the plug.

    60. Robert, Ohio says:

      Your plan is more progressive than those on the left, talk about income redistribution!

      The baby boomers have been forced along with their employers to pay a substantial amount of their earnings into these plans. I think it is completely unethical to use means testing for these plans. Means testing is just another name for income redistribution.

      If you want these types of changes then they need to be phased in over a long period of time to give people time to invest and save over their careers. I see no difference between means testing and raising taxes, in fact the means testing you are proposing is a essentially a huge tax increase. I support the Heritage foundation and generally vote Republican but these type of hidden tax increase plans will have me reconsidering how I will vote in 2012.

      Also this plan further makes one question why should I work hard and save over my career. Your proposal hurts those boomers who worked hard, invested, saved for their retirement, and paid the most into these plans.

      The Republicans are on their way to handing the next election to our current president with these types of plans and the bashing of public employees in several key states.

      Why not give us boomers the choice of having our contributions with interest returned to us in a Roth IRA and then let us take care of ourselves. In other words, let people keep the money they have earned and pass on to their children and grandchildren what ever they didn't need in this life. Now that sound like a conservative idea I could support.

    61. YOUNG says:

      There are some very good ideas in your paper. I take a little issue with some progressive aspects such as ending health insurance tax credits at certain income levels. And i would love to have see a discussion about de-regulation of insurance companies, creation of competition and allowing medicare participants the ability to purchase coverage on the open market.

      Same for Social Security. Why not give people a chance to invest all of their SS money in private funds? Take the management away from the government and place it in the hands of the private sector.

      This also speaks to Government retirement programs. Let the government contribute to Employee Retirement Funds but, keep the Government out of the management and most importantly, this releases the Government from future financial obligations. Once the employee retires, that's the last check from the government. Their future income is based on their quality of their retirement program….not the taxpayers.

      Keep up the good work.

    62. Nancy New York says:

      This is exactly the kind of plan we need. We can accept the hard choices because that's what Americans do, especially when the rubber hits the road.

      That said, I'm with the guy at the top who advises Heritage to bring a bat to Congress — for extra convincing. That's what it will take — except for the very few, the courageous who stand for and with America. God bless Jim DeMint.

      Thank you Heritage for the work you do. It gives us hope and inspires us.

    63. mike hutchings says:

      best we do it and make private as much of social security as possible….with that poke out of the hands of the political elite….ehhhh…gangsters anyone….you would re-distribute this wealth they all talk about….i guess thats my savings….the means of production….thats all my tools and machines….that i put together by the way…economic justice…..hey we need some of that….i guess thats getting the bid on a job…..funny how you you look at things and see something different….. when you are the dog in the fight…..if i had a plowshare i think i could beat it into a RINO implement of mass dismissal vote that is…the tea party needs to be the the counter to the present day feel good facism that the vacant and the vapid celebrity worshipers kneel too…

    64. robert, california says:

      Sounds very good indeed!! I smell some B.S. in this however…A flat tax always sounds fair until you realize this means the rich pay less while the poor pay more. I think the people (rich, poor and the few in between) are already paying too much!! Stop the wars and eliminate some of the 40 MAJOR military bases around the world. (A little FYI..Reagan rebuilt our military but did not pay the cost of it. Check on how much our national deficit grew under his time in office) Welfare should be cut, and i mean ALL welfare. No one should get paid for NOT doing something (this also means subsidies for business, i.e. farmers). Stop illegal immigration by attacking the source: the employers who give illegals jobs that could be worked by Americans who are sitting around enjoying welfare. Instant job creation while reducing government spending (on welfare benefits and border defense).

    65. Richard J. Teti, Mal says:

      I read your plan “Saving the American Dream”. It shows good effort, however, it leaves in place a socialistic framework that will eventually lead to another unsustainable behemoth that will need to be reformed again. As you have stated and I agree wholeheartedly, America's best hope for survival is derived from the United States Constitution and relies on all of our effort. It is essential that we boil our case down to a choice between freedom (with this freedom comes personal responsibility) and servitude. This should be the message hammered day in and day out to America. Specifically, to have maximum freedom and minimal government (less servitude) we need a separation of business and state at all levels of government. This will eliminate corruption, eliminate social engineering and will raise the standard of living for all Americans. At the Federal level, as an American Citizen, I would like to see a long term plan formulated, presented and hammered home on a daily basis that reduces the Federal Government to 3 Executive Departments, State, Treasury and Defense, Congressional staffs reduced to 2 assistants, Repeal of the 16th (repeal all direct income tax) and 17th (restore a needed check on Federal Power and Mob rule) Amendments, add a Balanced Budget Amendment, the States will pay for the Federal Government according to population within each State and additional revenue may be obtained from port fees and other appropriate fees for service that are within the confines of the Constitution, add Line Item Veto Amendment for the President, add Amendment to limit Congressional House members to 3 terms, Senators to 1 term and limit Supreme Court Justices to one 8 year term, eliminate legal tender laws and the Fed, allow a free banking system to flourish with a sound metal commodity based money system. All of this can be summarized as true free market Capitalism that is the only system consistent with freedom and the United States system laid out in the Constitution by the Founding Fathers. Charities and other non-profits will be more than adequate to take care of the needy. Now you and your staff may think this is an impossible dream, however I am confident that this plan can be achieved within 2 generations if we start aggressively educating people of their choice between freedom or servitude. I would suggest an alliance with the Constitution Party and Libertarians to take over leadership of the Republican Party to work and present this plan to American People. Remember one thing "The Big Tent" is Freedom; Diversity takes care of itself after that.

      While the Collectivist Federal Monkey is being peeled off the American citizens back by your leadership we, as citizens, can concentrate on rolling back our oppressive State and Local Governments.

      Thank You for Your Attention

    66. Daryn Kent-Duncan, N says:

      A flat tax is fine but should not exceed 10%. How will you keep the bureaucrats in government from raising it whenever they want to spend more? Entitlements are unconstitutional. No one has the right under any circumstances to take someone else's money by force. Our money is our private property and should be sacrosanct.

    67. Robert, SouthWest Oh says:

      The baby boomers have been forced along with their employers to pay a substantial amount of their earnings into these plans. I think it is completely unethical to use means testing for these plans. Means testing is just another name for income redistribution. I see no difference between means testing and raising taxes, in fact the means testing you are proposing is a essentially a huge tax increase for a targeted part of the population. Your proposal hurts those boomers who worked hard, invested, saved for their retirement, and paid the most into these plans.

      Why not give us boomers the choice of having our contributions with interest returned to us in a Roth IRA and then let us take care of ourselves. In other words, let people keep the money they have earned. Now that sound like a conservative idea I could support.

    68. Toni cataldo says:

      What happened to Bohener and his promises? None of which have bee fulfilled!! Now we are down to 2 trillion in budget cuts on an IF……from Our Idiot President.

      Same old Washington crap! They all had a BIG MOUTH AND A SPINE BEFORE THE NOVEMBER 2010 ELECTIONS. Don't they get it WE SENT THEM THERE and WE CAN BRING THEM BACK TO THE STATE THEY CAME FROM!!!!!

      I for one am just disgusted

    69. Joseph Arsenault Dre says:

      Very nive article.

      Now all we have to do is convince those bloodsuckong leeches up there to act in the best intrest of our nation & everything will get better.

      I 'm sorry to say, but I think a snowball in h–l has a better chance – - – but miracles do happen.

      Joe A

      Dresden Me

    70. R. L. Whittington, P says:

      Extremely interesting and sensible plan, but notone worrd about it in either the Washington Post or Times. How do you intend to get the plan publicized and understood by a nation that can no longer read or understand anything other than comic books or one line text messages? Last night I listened to Gingrich announce his entry inro rhe race, which surprised and encouraged me to think that we may have a candidate after all who certainly has the knowledge and could have the determination to bring about the necessary change. I am not a defeatis and still believe that we can recover from the current disaster with the right person at the helm. I will continue to hope.

    71. John, Texas says:

      My problem in changing from an income tax base to a consumption tax base is and always will be the transition process. The Heritage Plan might address that but it is not clear to me.

      Most Americans have savings in one form or another, that is, money they have earned and paid taxes on but have not spent yet. I know there are exceptions but for now, let’s say that most of these accounts are funded with after-tax dollars. At the point of transition, each dollar that has been earned and taxed but not spent will get taxed again when spent. I think that is a double taxation issue.

      The 401k and Traditional IRA are the most common exceptions and even the earned dollars in those accounts have had Medicare and Social Security taxes paid on them which will create a smaller but significant double taxation issue when spent.

      I would like a better explanation from Heritage on the transition plan.

    72. Kim, Massachusetts says:

      I read through some of this and it seems good. However, there's some additional spending reductions I'd like to see, while some might see them as somewhat symbolic, I am not willing to sacrifice until the sacrifice is shared by all Americans (including illegal aliens)

      Congress Reps, including senators, office and expense budgets are cut. My senator, Scott Brown, doesn't even man his phones. There's no reason why I can't call my senator or rep and get a person or at least a call back – or even an email. No more chauffers for public officials. No more meals paid or catered events after they successfully pass bills that are either costing us little people more tax dollars or liberty or even national security. No meals for public servants, period. Let them pay for their own gym memberships and salon services. Limited transportation expenses. Make the trips home beneficial to their consituants. If it's difficult to be away from their families, then don't spend a lifetime as a "public servant". No more pensions for public servants.

      Almost half of the American workers are exemt from paying Social Security, while the people who do pay Social Security, have funded their pensions and government expenditures for the past several decades. If we're are going to undergo means testing and older ages to collect retirement benefits that we've paid 12% each year for our entire working life, they should submit to the same sacrifices. How about ending Social Security all together and buying out the people who have donated and depositing the payment into qualified annuty/pension plans. How about when public sector children qualify for disability and medicaid, they get paid out of their retirement programs and not Social Security. No more government programs paid into only by the less-connected, little people!

    73. Linda, Louisiana says:

      I hope and pray you can do something with your ideas. It sounds good to me, but it won't be an easy battle.

      Now, what is next?

    74. Karl H. Goesele says:

      Karl H. Goesele on May 13th, 2011 at 3:07am said:

      Your comment is awaiting moderation.

      Read your interesting article to, ” Save the American Dream ”

      In these contemporary times, this great and resilient Nation is at the cross roads facing an Empire which our Founding Fathers faced in 1776 against great Odds. One of these wise young men with a daring soul Alexander Hamilton the first secretary of the Treasury in President George Washington’s administration gave the 13 states the PREAMBLE to which the Constitution of the USA the law of the land is subordinate. Nowhere in this world will you find a unique Preamble as ours, to provide for a common Defense against foreign and domestic enemies and for the general Welfare of all our people. Our Founding fathers provided us with checks and balances between the three branches of government and with the Bill of Rights the checks and balances exclusively for today’s 50 states to prevent the establishing of a tyrannical government.

      To Save the American Dream every American has to make the commitment to make this possible by deeds and not by words. With a financial debt on the backs of the American people in excess of one quadrillion dollars in naked derivative swaps and more than 14 trillion dollars of fiat money produced by the Trojan Horse the Federal Reserve it will take several centuries to free ourselves from this terrible chaos.

      To add fuel to the fire, the Eco – fascists in Germany or the GREENS and president Obama are under order from the British Monarchy, especially Prince Phillip with his World Wild Life Fund to depopulate this Planet down to as low as one billion people or less This Eco – fascist movement the WBGU want to spread this mandate world wide. For your information, the World Wild Life Fund was established to promote the establishment of a world Conservation Bank which Prince Phillip has achieved as his goal.

      There is only one solution which has been stifled or prevented from being voted on, in both houses of Congress four times since 2007.

      Currently the honorable House of Representative, Marcy Kaptur has re-introduced the Glass – Steagall Act H.R.1489 to keep the Federal Reserve and Wall Street investment Banks separate from Commercial banks.

      Franklin Delano Roosevelt enacted this law the first time after he was sworn in and established a Credit System in the tradition of Alexander Hamilton’s National Banking System. Roosevelt then launched a major Economic Recovery Program without which the TVA or Tennessee Valley Authority, a major infrastructure program would not have been possible and neither could have the Manhattan Research Project have come to fruition.

      For your information shortly after the Kennedy assassination in 1964 a major infrastructure project was designed how to terraform the entire North American continent known to day as NAWAPA or North American Water and Power Alliance platform with many different layers or Infrastructure program employing 4,000,000 people scientists, engineers, technicians and blue color workers using High Speed Rail Maglev or magnetic levitation in excess of 350 miles per hour to transport heavy loads of metal and cement and other materials over 5,500 feet over the Midwestern mountain ranges. We also need to re- launch NASA’s Manned Space program to return to the Moon to Harvest Helium 3 and establish a Colony for Fusion Reactors there and on Earth. Then in 25 to 50 years to Mars

      not in 300 days but in 3 to 5 days through constant acceleration of the Space ships and fleets. From there to other planets and out to our Milky Way Galaxy.

      We have in the united states young men and women who I classify as exceptionals between 18 to 35 years of age and some 45 years of age who are working with cosmic rays rather than against them with brute force as does conventional science and technology. They consider the law of entropy a fraud and limited. What these young people have re – discovered is that our universe is a creative universe ever changing and anti – entropic and open ended not bound.

      Thank you for allowing me to share my comments !

      Karl H. Goesele

    75. Pingback: Misperceptions = We’re Boned | Patrick M Speaks! (despite advice to the contrary)

    76. Larry Sandberg, 4523 says:

      Hi Ed,

      I recommend that we reset the Governments Balloon Budget to a "Zero =

      Based Budget" to get rid the unnecessary spending.

      In over 20 years in the Submarine Force I've been through the "Zero =

      Based Budget" process at least twice. Each time it was painful, but the =

      rewards were spectacular. It is fact that we all had the norm of =

      spending all your budget every year to insure you got at least the same =

      budget the coming year, at least a 15% more, "CYA or Mad Money", to =

      insure you would cover "Invisible Inflation" and/or "Planned =

      Emergencies" or another "Free Party" or "Special something or another".

      I think you got the idea, more and more each year, never stop the growth =

      of budget. Eventually, you had too many people spending and asking for =

      more each year. If you dared to cut your budget you were not a "Team =

      Player" or you were a "Trouble Maker".

      Budgets can be slashed to the bare minimum by having all Budget Line =

      Items reset to ZERO for lowest level Supervisor (LV-1) and to build a =

      new Budget Base Line (BBL) by removing or reducing each Line Item (LV-1) =

      to the minimum amount required to do authorized and documented tasking =

      required (All Resources). If it isn't a documented requirement, it goes =

      away, no exceptions. Then each Supervisor LV-1 has to prove his new =

      budget to the next level Supervisor (LV-2) who collects the total of =

      LV-1 budgets and builds a Task Matrix (LV-2) to see if there is multiple =

      line items for the same task and remove these tasks from budget, except =

      for one. Supervisor LV-2 form budget TEAM of all His or Her LV-1 =

      Supervisors and they work all issues to refine the LV-2 Budget for =

      submittal to the LV-3 Supervisor to finalize the LV-3 Budget. All =

      budgets are rolled up in an identical fashion until the Top Level of =

      Supervision is reached for submittal to Congress for review and =

      approval.

      The Roll-Up, Zero Based Budget will you set a realistic Goal Percentage =

      Reduction, 15% for all Levels of the Organization and bush hard to get =

      it at all levels of the Government. Go through the process every 2 or 3 =

      years until you a Balances Budget and then every 5 years there after.=20

      Keep it simple and without any waivers or exceptions.

      It is a Top Down requirement and a Bottom-Up data flow that required =

      discipline and leadership.

      Please contact me with questions and comments.

    77. Jim Galbreath, Hunts says:

      Your "Saving the American Dream" is too complicated. My "Saving the American Dream" is to enact the FairTax Plan adding a dollar or two for Social Security and Medicare. This would abolish the IRS and every one would end up paying sales taxes – illegals, foreign visitors, no deductions and no wavers to favorites.

      To cut spending I would fire all of the Czars and their staffs, eliminate all departments not needed in compliance with our Constitution ( Energy, Education, EPA, etc.) and restrict new laws and regulations to those being originated in Congress and not those originated by Executive Order and department heads..

      I would require that all new laws be in compliance with our Constitution.

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