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Thursday, June 2, 2011

HOW TO ELIMINATE THE NATIONAL DEBT


The means to eliminate the debt is quite simple: tax gasoline $2.50 a gallon. Before you flip your lid, please consider this: gas is going to go up anyway, and all the money will go to the oil companies and Wall Street traders.

By introducing a gas tax of $2.50 a gallon over 4 years ($1 the first year, then 50 cents a year for 3 more years) the stage would be set to pay off the debt in under 10 years --without reducing Medicare, Medicaid, the number of teachers, fire fighters etc etc ad infinitum as the current criminal conspiracy of billionaires and elected representatives are bent on doing.    

Currently the national debt is around $12 trillion. The USA burns about 65 billion gallons of gasoline per year. A tax of $2.50 per gallon would raise about $185 billion per year.  That means the debt can be paid off in a decade, even if the country adds another $6 trillion as we go along.

Remember, we’re going to be paying that much more for gasoline, regardless. Last week, Goldman Sachs announced it will drive up the price of gasoline to $5 per gallon by July 4 weekend (click here for that story). Wall Street traders have been manipulating gas prices for profit through every recent rise in price.

So, what do you want? Do you want the debt to keep rising while the oil companies and Wall Street traders amass more and more wealth at the expense of everyone else? Or do you want to pay basically the same amount of money per gallon that you will be paying anyway, and have the national debt disappear while America gets back on its feet?

So, why is this not being discussed? Because Washington D.C. and all its elected inhabitants are owned by the oil companies, and Big Pharma, Wall Street, and all the rest of the corporate scum who have polluted our country and destroyed the democratic process.

Taxes are NOT un_American but greed is.


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