Welcome to this no-frills website, dedicated to spreading the news about how we
can solve our economic problems immediately.
Just look at Social Security and Medicare as part of our retirement plan.
In the proven safe and successful model used by everyone EXCEPT Congress
(that's over 87,000 State & Local government jurisdictions, plus the entire life
insurance industry ... for centuries), we receive 12 dollars of benefits during
retirement (at age 67) for every dollar paid in while we worked.
Honest fiduciaries leave the money in our account and invest appropriately
so compound interest does most of the work.
But Congress has taken all the cash out of the Trust Funds and spent it, robbing
us of the power of compound interest.
So we pay 12 times what we need to for these programs. That wastes 10% of GDP.
If we convert to the proven safe and successful model so that we begin
getting productive use of that 10% of GDP, we can immediately
solve our economic problems.
Chart and narrative shows key driver of the solution, the 12:1 waste factor. Also provides data for validating the numbers, quick bio of author and history of the solution.
Briefing shows detailed steps of how applying the key driver can close the TX budget shortfall without raising taxes or cutting programs. Some are talking points, so refer also to the Narrative document below to help complete understanding.
Three-page history of the solution, showing how easily it sells and how widespread is the support for it.
Flow chart shows how TX can get this done in seven fast steps. Yes, it's a big scary Federal program ... and WE can get it changed. The first few steps are entirely within our control, and then it's unstoppable. If we just get this started, it will work. So how about, before we fire a bunch of teachers and close a bunch of hospitals ... we get Congress to fix their business model?
Shows the real reason we can be confident this will work - it's faithful to the economic principles God tells us to use in the Bible!
QUICK SUMMARY of the big picture - easy read, common sense, layman's terms.
Copy of latest online paper, combines the Shortfall briefing with the Narrative.
Can also be found online at http://ssrn.com/abstract=1787208
Two other papers are also in that SSRN library:
An early version of the concept, before the application to State budgets, at http://ssrn.com/abstract=1321284
A comparison of the Annuitizing concept vs. the earlier Privatization model from the Bush years, at http://ssrn.com/abstract=1344022