December 17, 2017

Miller U.S. Going Bankrupt

Crisis GraphTea-Party-backed Joe Miller warns that the U.S. is going bankrupt and everybody is going to have to some belt-tightening. He brings down incumbent Lisa Murkowski and tells the CBS that he supports asking the government for less federal money.

According to statistics by Brookings Institution for FY 2008 Alaska received $2,574.68 in federal dollars per capita behind Vermont and the District of Columbia. The answer to this financial crisis is to transfer the responsibilities and power of government back to the states and the people.

That means more ownership of lands and the use of resource base. Two-thirds of the land is owned by the federal government. There really isn't a good constitutional basis for that.

Miller has taken controversial and extreme positions wanting to phase out Medicare and privatize Social Security which is a problem for election in Alaska.
He says that if you've paid into the system and are dependent on it, you have to get the fiscal house in order at the national level to continue to pay those benefits. The trust fund is empty and full of IOUs.

A recent government report shows that Social Security trust fund is expected to be exhausted in 2037 and pays out more in benefits than it collects in taxes for the first time this year.

The options are privatization as a solution to social security and make sure our seniors aren't left out in the cold.