WesNicholson
American Solvency
September 07, 2019 Comments.. 534
American Solvency America s recent turmoil over taxes spending and debt has exposed a dangerous fiscal situation that has been building for a long long time Our country has a long term debt problem As if on autopilo

  • Title: American Solvency
  • Author: WesNicholson
  • ISBN: 978093790808
  • Page: 370
  • Format: Paperback
  • America s recent turmoil over taxes, spending, and debt has exposed a dangerous fiscal situation that has been building for a long, long time Our country has a long term debt problem As if on autopilot, our government continually spends money than it receives The deficits between the two are financed by taking out debt That debt accumulates, and if it gets large eAmerica s recent turmoil over taxes, spending, and debt has exposed a dangerous fiscal situation that has been building for a long, long time Our country has a long term debt problem As if on autopilot, our government continually spends money than it receives The deficits between the two are financed by taking out debt That debt accumulates, and if it gets large enough, America will risk insolvency American Solvency takes a fresh look at the factors underlying our long term debt problem and proposes a constitutional amendment to resolve those factors Unlike a balanced budget amendment, this amendment will not merely demand that we balance our budgets Instead, this amendment will create conditions guiding us to naturally balance our budgets ourselves It is, for lack of a better term, a Solvency Amendment The Solvency Amendment will solve our long term debt problem in a non partisan and unobjectionable way, by focusing strictly on budgeting procedures and by implementing only a modest change Nevertheless, it will completely resolve the factors underlying our problem, and will therefore also solve our problem permanently We will never again be subjected to an existential crisis over our country s finances in which we are forced to rely upon our elected officials to perform superhuman feats of wisdom and political forbearance Under the Amendment, America s solvency will simply become the natural result of our ordinary political process in action In this way, with a single constitutional amendment, we can permanently fix much of what is broken in American government.

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      Published :2019-09-07T11:53:39+00:00

    1 Blog on “American Solvency

    1. Jennifer says:

      Have you heard about the Solvency Amendment? Wes Nicholson offers a precise and clearly articulated discussion of America's deficit crisis, and then presents a well-thought-out, totally workable, nonpartisan solution to this mind boggling problem, in the form of a Constitutional Amendment, no less. I think it's a brilliant plan, offering a bright glimmer of hope that America's headlong dash towards insolvency could be redirected.

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