Crisis of Confidence: How Federal Taxes, Deficits, Debt, and Entitlements Threaten the American Private Sector

The United States is at a crossroad. Both politically and economically. Excessive federal taxes, deficits, debt, and unfunded mandatory entitlements have already destroyed the economies of Greece, Italy, Spain, and Portugal - and those same financial concerns are now here in America. Higher taxes, more types of taxes, trillion-dollar deficits, national debt greater than GDP (and growing), socialized healthcare, our nation's credit rating downgraded by Standard & Poor's, and insolvent mandatory entitlement programs threaten the American private sector. A strong and vibrant growing economy must be the starting point to reverse this crisis of confidence, matched with a complete overhaul and reform of government spending and the federal tax codes. The research in this book developed several combinations of projected GDP, taxes, entitlement spending, deficits, debt, and interest on the debt in five-year stages for 2017, 2022, 2027, and 2032. The results are profound and frightening. Typical annual deficits will grow to $4 trillion per year, entitlements consuming 90 percent of the federal budget, Treasury debt at 200% of GDP, and interest on the debt at 20% of spending . . . in just 15 years.THIS IS THE REPORT EVERY AMERICAN NEEDS TO READ.The Crisis of Confidence can be averted, but the time for action is now!!