The American System of Government Is Broken

National debt spikes to $31 trillion, but we can stop it before it nears the abyss The recent financial crisis was a watershed moment. The country we thought we had as a free and…

The American System of Government Is Broken

National debt spikes to $31 trillion, but we can stop it before it nears the abyss

The recent financial crisis was a watershed moment. The country we thought we had as a free and independent economy was revealed as utterly broken in many ways, with a massive debt burden and a dysfunctional and corrupt political system. The country is in such a mess that it is all but certain that it will take decades for that debt to even approach even an affordable level.

But in doing so, we have managed to identify a simple yet effective solution: we must reduce the size of government by a third and then hold the resulting spending to 2% of GDP. We can do that. We can achieve this without raising taxes or taking a hit to the national debt. And we can do it without a single penny of new revenue. It is a solution that we can control today and that will produce a return in the future.

But it won’t happen in the United States.

Why do we believe it will not happen? Because we believe that the American system of government is fundamentally broken. We believe it has reached a point where it no longer works and is in the process of a collapse. We believe it cannot be fixed and it is not able to produce a long-term level of economic prosperity. We also believe that we have an opportunity to fix it, if we could get people to hear our case and act on it. That opportunity comes from the rise of a new political party.

The system that we have works because the central government keeps taxes and spending very well-managed and to an absolute minimum. We are a very poor country and the last thing that we need is to continue to increase the amount of federal spending. It is why we have not been able to increase taxes by nearly a trillion dollars this year.

The solution that I propose is relatively straightforward to understand. We should reduce our federal government by three-quarters and then limit its spending to two-and-a-half percent of GDP. That is what we should be doing if we are to restore a sound, functional, and prosperous economy to the United States.

Why two and a half percent? Well, most of our federal spending is not tax-based. It is health care, Social Security, Medicare, Medicaid, environmental regulation,

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