There needs to be term limits for the "Ruling Class" (the US Politicians).
Being a "politician", for the good of the U.S.A., should stop being a career. Americans that wish to, should serve the Country, 4-8 years as President, 6 years as a Senator, and 2-4 as a Representative and then go back to the private sector and get back to work.
Many of the D.C. "Politicians" are millionaires. The average net worth in 2008 across the Senate was $13,989,022.98. (see article) About 60% of first-year U.S. Senators and 40% of House of Representatives freshmen are worth at least $1 million, an amount just 1% of Americans can claim.
(see article)
The "Ruling Class", DC Politicians, it appears, are allowed to operate under a different set of rules then the rest of us. They are allowed to do some insider trading and profit from it without getting sent to prison as Martha Stewart was. Out of 975 federal entities, Congress and the Supreme Court are the only two that have no rules or laws prohibiting them from trading securities based on nonpublic information. Is this the America you want? It appears that power corrupts and the “Ruling Class” can’t help themselves from doing some insider trading. No wonder why "they" wish to stay in power and above the "commoners" (you and I) laws that "they" make. The "Ruling Class" create the laws that we must abide by. Being a "Ruling Class" Senator can get you, it appears, a cash cow. (see article)
All bills need to be sun shined. You cannot continue spending, continue growing government and expect the debt to go down. The Government doesn’t produce any “goods” to produce income. The Government only spends OPM (other people’s money), yours. Hey, while your here, please check out the U.S. Debt Clock and see how much your elected officials are spending. Just so you know it's over
$15,600,000,000,000. That's a big number, and it's long even without the cents shown!!!
We are not alone! Have a look at 14 other Country's debt clocks.
Correction, the U.S. Government does put some printing on paper and turns that paper into Federal Reserve Notes, if you want to call that a “product”. That “product” is a fiat currency; currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith. How cool it that?
To read the history of Fiat money in the U.S. click here.
Fractional Reserve Banking is kind of like magic. You know how a magician or an illusionist appears to create something out of thin air? Well that's how the U.S. banking system works and they really (well it's only on paper, no not on paper, in a computer) create Federal Reserve Notes, or what appears to be notes out of thin air! You may have thought that your bank would loan out monies that were on deposit at the bank ("real" hard currency sitting in a vault) but that's not how it works. It's only an illusion, pay no attention to man behind the curtain. Please click here for more information.