Sec. #3: An Open Letter to Rush Limbaugh and Renk, of "Live with Renk"…
Gentlemen, sadly, does the U S Constitution hold the seeds of its own destruction?
The funding of the U S Government centers around Article I, Section 8, Paragraph 1(1-8-1) of the Constitution.
I-8-1 begins "The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, ...."
I-8-2 authorizes Congress "To borrow money on the credit of the United States;"
I-8-1, I-8-2, and other provisions, effectively give the U S Government monopoly control of its own financing. How has this worked out?
Even with President Trump signing the Tax Reform and Jobs Act, national/federal tax rates on Americans and American businesses in 2019 are far higher than the initial tax rates when income taxes were first used during the Civil War.
The National Debt when Obama departed was almost $20 trillion. This is a 348% increase since G W Bush became President. Despite President Trump's Herculean efforts to bring control to "the Feds" (i.e., the U S Government), the Swamp's lock-tight control over its financing sets the stage for continuing growth in spending and debt.
Has this monopoly created a shamefully misused structure resulting in this catastrophe?
Is "The Swamp" perpetually funded, in ever-growing measure, by this monopoly? Will U S Government spending ever be reduced if this perpetual funding remains in place, with the Swamp having a tight grip on the monopoly?
A recent audit report of the Government Accountability Office (GAO) opens with the following statement:
"GAO’s report on the U.S. government’s consolidated financial statements for fiscal years 2016 and 2015 underscores that much work remains to improve federal financial management." (More recent GAO reports reinforce this statement).
Could the GAO statement(s) be an inevitable negative spinoff of this monopoly control? Has any monopoly ever delivered high-quality, low-cost products and/or services?
If full funding of the responsibilities of the U S Government, as authorized by the Constitution, can be achieved using a mechanism other than I-8-1, I-8-2 and the other provisions, shouldn't that mechanism be seriously considered?
The USA's first constitution-type document, the Articles of Confederation (the A of C), through Article 8, provided funding for the "Union" government the original thirteen states created. The Union government had no taxing power. Borrowing was allowed only if nine States approved. (Article 9 of the A of C).
Under Article 8, the common expenses of operating the Union government were divided among the thirteen. Each state legislature taxed its own citizens to raise money to pay its ratable share.
A new "mechanism", the CONSTITUTIONAL SUPPORT TAX (the CST), is a 21s Century update to Article 8. The CST ends Congress’ power to lay and collect Taxes, Imposts and Excises. No more national/federal internal taxes on Americans or American businesses.
Duty (Tariff) collections will go 100% for supplemental military assistance, focused on Gold Star families, under the AMERICAN HEROES APPRECIATION FUND (The AHAF).
The 50 States will divide the U S Budget among themselves by a formula fair to all. Like the thirteen, each State will tax its own citizens/residents to raise its ratable share.
One thing is sure. The only way to "Drain the Swamp", improve the financial management the GAO addresses, and more, is to break the monopoly control "the Feds" have over their own financing.
Does the 348% “W”/Barack debt increase indicate great success at controlling the Feds?
The net effect of the CST will be to throw a huge belt around the Feds. As the belt tightens, the Swamp will be forced to trim, cut and shrink itself. The States will have the “purse strings.” Hence, power to force needed changes. Has any other approach attempted so far to shrink “the Feds” achieved this much-needed end?
The CST has a hand-in-glove companion, the AMERICAN INDEPENDENT WEALTH ACCOUNT system (the AIWA) system.
Social Security “retirement” will be insolvent, if not bankrupt, by 2034/35. There is still time to implement an “Americanized” version of the “privatized” Pension Savings Account (PSA) system used by Chile since May 1, 1981. With the PSA, Chile enjoyed an economic growth rate averaging 7.0% for 12 yrs. (The 7.0% was from House Ways & Means Committee testimony by Chilean economist Jose Pinera in September 1997. Pinera set up Chile’s PSA in 1979/80. The PSA is still going strong in 2019).
With this “privatization”, Americans will fully own their retirement investments in their AIWAs. Fully implemented, stay-at-home moms will have AIWAs. Chile’s PSA success has led 30 other countries to create their own PSAs.
The CST, AHAF and AIWA systems have more features and benefits.
Their implementation is critical to the future financial well being of unborn generations of Americans, reinforcing and protecting the Constitution, and keeping the U S Government well within the limits of the Constitution, especially the 10th Amendment.
The website, www.constitutionalsupporttax.net, presents additional research, analysis and history surrounding these proposals.
Rush and Renk, thank you for your consideration.