Fix Our Costliest Federal Mandate and Solve U.S. and State Budget Shortfalls … Immediately
Bruce Davis Jackson
B. Davis Jackson, CPA
March 15, 2011
The business model used by Congress to pay for Social Security, Medicare and national debt is our costliest federal mandate. Because they run a national retirement plan without using compound interest, Congress makes us pay TWELVE dollars to do a ONE-dollar job. This business model is the root cause of our economic distress: it spends 11% of GDP where the proven safe and successful State, Local and life insurance model would spend just 1% of GDP. We’re flushing 10% of our GDP right down the toilet. Fixing this business model quickly cures economic distress throughout America, solving both U.S. and State budget shortfalls without raising taxes or cutting programs.
Number of Pages in PDF File: 20
Keywords: Social Security, Medicare, debt, budget, fiscal, healthcare
JEL Classification: H61, H62, H63, H72, H74, H51, H55, I18, I22, I11working papers series
Date posted: March 19, 2011
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo7 in 0.328 seconds