Red and Blue and Broke All Over: Restoring America's Free Economy

by Charles Goyette

New York Times bestselling author of The Dollar Meltdown . In his New York Times bestseller The Dollar Meltdown , Charles Goyette showed how increasing government debt is destroying the dollar and the wealth of the American people. But the problem goes much the country is heading for financial ruin because our leaders are ideologically bankrupt. The time has come for a dramatic solution. We need look no further than the Obama White House to find the culprits of America’s crippled prospects for recovery. They’ve forced the adoption of bailouts and unnecessary spending programs that do little but destroy wealth and drown the government in more debt and ever increasing red tape while engaging in undeclared wars at the expense of the people and their prosperity. But this isn’t just a Democratic problem. The Bush administration was no better, with its unending and bankrupting elective war and the largest bailout in our nation’s history. It’s time for a solution that goes beyond politics as usual from the same old Red or Blue. Goyette explains how the growth of federal power and its costly warfare and welfare spending are bankrupting America and strangling our prosperity.  The incredible $1.2 trillion a year we spend on state security is leading us straight down the road to ruinous debt. Transfer payments and social spending are equally unsustainable financial time bombs. The time has come to release the stranglehold of excessive government spending and ineffective over-regulation and let the free economy function as it was originally intended. Career politicians continue to pointlessly argue without enacting real and effective change. No wonder a feeling of disenfranchisement is growing. Their destructive agenda needs to be exposed and stopped before it does us any more harm. Goyette   Red and Blue and Broke All Over couldn’t be timelier. In the face of the American government’s reckless spending, invasive social programs, unnecessary warmongering, and ill-advised, ineffective financial manipulation, it’s time to face the we can’t continue along the same destructive path if we’re serious about turning our country around

Genres: Economics

256 pages, Hardcover

First published March 15, 2012

Reviews

[Xander · Rating 5 out of 5]

If you want to know how America got here, then read this. But prepare to be pissed off a lot.

[Malin Friess · Rating 3 out of 5]

Goyette argues that because of both the Bush administration (added 4 trillion to the debt) and the Obama Administration (added 5 trillion to the debt in 1 term) the country is headed towards financial bankruptcy. Goyette is happy to spread the blame around including wars that were not payed for, stimulus plans that haven't worked, and expanding entitlement programs that can not be sustained. America is Broke!

A portion of this book that struck me is how goverment expanded. Imagine you were a Patriout living in Boston prior to the 19th century, There was no taxation (except during the civil war). There was no SS, Medicare, Medicaid, welfare, farm subsidies, education grants, DEA, FDA, OSHA, EPA Federal Reserve, foreign military base. The government has expanded at an incredible pace!

The results of some of this regulation...

45 million are on food stamps
50 million on medicaid
7.5 billion hours a year spent trying to comply with federal tax codes
FDA is rading Amish farmers for drinking raw milk (as we did daily in Kenya safely)

Goyette argues to unleash capitalism (E-bay and Apple show what it can do), and is a big fan of famous Libertarian Ron Paul. He suggests Ron Paul was one of the few to predict the housing market crash in 2003. Paul's next prediction is massive inflation and devaluation of the dollar.

Lastly Goyette argues that running up a debt of 16 trillion is a moral issue. How can we saddle our children and grandchildren with this burden? How can SS recipients take more than they put in and be morally upright? We all share that debt. In fact we all have a 1/310 millionth of the 16 trillion. Or we all owe $12,000.

[Fredrick Danysh · Rating 3 out of 5]

The author gives several factors that have led to the weakening of the American economy and makes dire prodictions about his future.He does make some reccommendations.