From: noring@netcom.com (Jon Noring)
Subject: Re: Sixteen more years
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 
Date: Mon, 12 Oct 1992 18:31:28 GMT

In article munck@stars.reston.unisys.com writes:

>One of the things panicking the Republicans is the realization that the
>economy will almost certainly have turned around four years from now,
>independent of who is President and what he does.  A Clinton/Gore win
>in 1992 will lead to...

This is one scenario, but I have another possible scenario:

Many people believe that the growth in our National Debt, though serious,
is not a "show-stopper".  However, I do not hold this view.  I feel that
if something is not done now to not only stop deficit spending but to also
pay back the debt to eliminate the unbelievable interest payments, that 
the U.S. economy will functionally collapse within the next five years (I
essentially believe what Perot has to say about the National Debt).

I don't believe that the Demopublicans (or Repbulicrats) have the political
will necessary to get our debt under control.  They talk about it, but do
little because they are so entrenched into the current political process which
emphasizes putting fiscal problems off into the future so we can give to a
few today.  So, whichever party is in control of the White House at the
time of the collapse will be hurt the most (though both parties will be hurt.)

What really amazes me is that the people who will be hurt the most during
an economic collapse will be the poor in our society, yet nobody talks about
this.  For example, the Democrat's compassion for the poor and the needy is
good, but implementing new social programs at this time in our history using
tomorrow's money (there's not enough money even in Defense to pay for all the
programs the Democrats would like to implement), will only hasten the collapse
and, in the long run greatly hurt the poor.  We need to radically reduce
Government spending now as the best long-term social program for the poor and
the needy, even if it means temporary cutbacks in all the areas of Government
spending including the Entitlement Programs, as well as Defense.  In addition,
we must not implement arbitrary tax increases since they can inhibit economic
growth, which is where the money to pay back the debt will come from.  Once the
debt is under control, and economic growth is back on track, then there should
be enough money to implement the necessary social programs to help the truly
poor and needy - I wouldn't be surprised if *some* of the current and proposed
social programs will be found not to be needed.

Thus, it is fairly obvious that I support Perot for President since his
solution to the looming debt crisis, though not perfect nor necessarily the
best possible, is the only practical one out there.  It takes somebody from
outside the two-party system *with* a mandate from the people to implement
the necessary short-term sacrifices necessary to get our long-term economic
health back on track.  Of course, Perot would have to face a hostile
Demopublican Congress who have vested interests from power groups on both
sides of the political spectrum, but Reagan showed in the early 80's that it
is possible for a President to get his way even with a hostile Congress as
long as he/she has a clear mandate from the people.

Anyway, my $0.03 worth (inflation, you know).

Jon Noring


*Vote for Perot in '92*


-- 
=============================================================================
| Jon Noring          | noring@netcom.netcom.com | "The dogs bark, but the  |
| JKN International   | IP    : 192.100.81.100   |  caravan moves on."      |
| 1312 Carlton Place  | Phone : (510) 294-8153   | "Pack your lunch, sit in |
| Livermore, CA 94550 | V-Mail: (510) 862-1101   |  the bushes, and watch." |
=============================================================================
"If your annual income today is $50,000, you have the same buying power as
the average coal miner did in 1949, adjusted for taxes and inflation," John
Sestina, nationally recognized Certified Financial Planner;  quoted in 1987.
Newsgroups: talk.politics.misc