I will base my policies on value, sound fiscal responsibility and respect for the generations of Americans who will come after us.

My father was a decorated WWII Marine, and yet for 35 years he brown bagged his lunch to work. He didn't do this out of need, but because he wanted to spend his money on his family, rather than on himself. In 2006, I had to go through personal bankruptcy because my income was cut by 40% after 9/11. In just 23 months, I had restored my credit score back up to 687 points. I personally rebuilt my credit because I wanted stability and a home for my family. I was able to obtain a conventional mortgage at market rate because of my focus and hard work.

Using 2008 numbers from the United States Federal Budget:

Estimated Receipts (income):              + $2.66 trillion
Mandatory Spending (expense):           - $1.78 trillion
Discretionary Spending (expense):        - $1.14 trillion
Only $261 billion was spent (applied) to interest on our national debt.

Click to see the most recent and factual long term outlook. Estimate the Federal deficit to be $14 trillion on 1/2013. Locking this debt into a 30 year fixed payment plan at 4% APR would require 30 annual payments of $802 billion per year.

As President of the United States of America, I do not want a honeymoon period. From the minute I am sworn in, this becomes my responsibility. There is no need to waste time or energy on the who, what, where, when or why we accumulated this debt. The money has been spent and I will not hide from reality. Here is what I will do to keep us from defaulting on our loans and to stabilize the U.S. dollar:

1. Insert this $802 billion dollar fixed annual payment into the Mandatory Spending section of our budget.

2. Create and submit a fact based balanced budget.

3. If Congress will not join the American people in working within the confines of a true balanced budget (all expenses and obligations cannot exceed income), their lack of accepting reality will shut the government down through the budget impasse process.

4. This would trigger spending on mandatory budget items only and suspend all discretionary budget spending.

5. As devastating as that would be in these fragile times, as a Nation, we would still be making our loan payments on time.

6. Work with the Congressional Budget Office (CBO) and a new Grace Commission to find out the real factual numbers of how much unfunded, underfunded and unknown liabilities are hidden within our books.

7. After very careful review, start returning several of the departments back to the private sector and the States where they belong.

If this is not addressed and resolved by the people who will be affected most, then by whom––the people who created it? Can you afford to pay an extra $10,000-$20,000 per year in taxes/fees with more government control over your life? If not this way, then the other options are inflation rates we can't even imagine, unbelievably high taxes and a survival scramble from our politicians. These penalties could last for 8-10 generations after us. Or maybe the Chinese government and our other creditors will have a better repayment plan and terms altogether.

As brutally honest as I have been, the liabilities coming due that are hidden within the books are estimated to be at least $64 trillion dollars. At 4% APR x 30 years = an annual payment of $3.67 trillion per year for 30 years? That payment alone is greater than our national income per year. This is why there are alarm bells ringing around the world concerning our long term financial condition? Without historic restructuring now, we will be guaranteeing the destruction of the United States.  Ownership.


                                                         Alarmist - No - Realist