A time will come very soon when the U.S. debt clock hits 16.15 Trillion. That is a self-reminder to the American nation to review its finances, and see what savings and improvements could be made, to eventually balance the National Ledger one day. As is true of all sovereign nations, the national ledgers are very seldom balanced, thank God, for development, expansion, review and progress are activities that are forward looking.
Nations which are having to balance their books and keep expenditure strictly under control due to lack of overseas support typically are tiny nations, with limited natural resources, who have exhausted their credits with other nations and thus become at the mercy of God and the goodwill of friendly nations.
With the U.S., it has plenty of natural resources, a nation that is influential in its friendship across the globe, and in spite of being one of the major developed nations still has plenty of scope for further development. To wit, they are still building extensions to the railways in Pasadena, in California, and with the product developments there, the U.S. in my opinion is fully several years ahead of most other economies.
Many fine houses were lying empty across the U.S. in the midst of a housing meltdown; that has now gradually and surely started to heal. Every month the U.S. is creating more jobs, and the unemployment rate has started to go down. The 165,000 new jobs created in April were something that cheered the markets, and took the DOW to over the golden 15,000 bar which I believed it would vault over (I wrote as much in early 2012).
The only thing that remains is for the U.S. Recovery to continue is the Debt Ceiling II, the date for this seems to be around May the 18th.
It is my assumption that the best course of action would be for the President to exercise his Prerogative in this regard, and sign in, with the full bi-partisan co-operation of Congress, a further figure of 1T. This may even be modified to say 250B over 6 months from 18th May in view of the improving economy and creation of jobs on a wholesome budget. That would ensure continuation of Recovery and happiness and welfare of people, together with creation of wealth through exchange of production and consuming thereof, and money swirling in the system and returning to banks and eventually to the Fed
(through financing and creating wealth).
In about two years, when Prosperity appears in U.S. and the other nations which follow and further Peace, the name of the undersigned may be forgotten, but who cares?
God is our Heavenly Father, and as He has so inspired capable men and women to administer the affairs of nations, He has so inspired scribes to give a helping hand. Today, it is my belief that everything will be fine by the grace of God, and the suggested course of action will lead to a greater Prosperity for all.
I am always glad to hear from my Readers their comments and opinions, and any hints they wish to share with me.