An American Total Money Makeover
A listener wants to know what a Total Money Makeover for America would look like.
QUESTION: A listener wants to know what a Total Money Makeover for America would look like.
ANSWER: I don’t know that a government needs to have very much in capital reserves. But what a government doesn’t need to have is deficit spending, which is spending more than you’re taking in. What a government doesn’t need to have is the level of debt that we’ve got.
A lot of people would not like it if I designed a Total Money Makeover for America. I would take a machete to the programs that are out there and chop them into tiny little pieces. Those who live off of other people’s income wouldn’t like me. I would do away with subsidies, and you’d be on your own.
We have politicians rather than statesmen. Politicians understand that some of you are so shallow that you vote for them based on what they give you from other people’s money. Statesmen do what’s right for the nation and for the next generation. We just don’t have many of those.
Government does not have any money it didn’t take from someone else.