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SPEND BABY SPEND… said no one EVER! Gone are the days when America was rolling around in a pile of cash, instead today we’re rolling around on a pile of dirty, crumbled up “I owe you” slips and getting a really bad mystery rash in the process. We’re not sure what it is folks. We just know WE HAVE TO STOP SWIMMING IN AN OCEAN OF DEBT! How did we get into this situation in the first place? Blame the boomers! Now don’t get me wrong, we have nothing but love for the post World War II folks, and by folks we mean our parents and grandparents. But yea they’ve been driving this really hot car called America for so long that, if we don’t take over the wheel pretty soon, they’re going to drive us over a freaking cliff! Our goal is to simply make you, young America, more aware of the looming threat and make you realize why you should care.
America is currently nearing a dangerous $30 trillion in debt. Let me repeat that, $30 TRILLION, in laymen’s terms, THAT’S A SPIT LOAD OF MONEY! To understand why and who America owes so much to, we need to review a little Economics 101 and know the difference between a deficit and debt. Deficit is when the government spends more money than it makes on important things like the armed forces, but also on a plethora of social services the government wasn’t designed to do in the first place. When the government needs more money, it simply borrows and thereby accumulates debt. So to whom do we owe so much money? China? Not entirely actually. Contrary to popular belief, China owns only about 5% of our debt and, actually, we owe more money to Japan. But that’s still not the majority. In fact, most of our debt is really owed to OURSELVES! That’s right, American investors are owed the most.
Spooky, isn’t it? In fact, most of our debt comes from social programs like Medicare, Welfare, Supplemental Security Income, Food Stamps, housing assistance, and so much more. Add to the fact that Uncle Sam dishes out a whopping $1 trillion to charity every year, because those charity programs don’t just rely on your donations, instead they mostly run on grants given to them by the government after spending more money and more time lobbying Congress for support. Ever wondered why you get tax deductions for giving to charity? Because the government wants you to, because it takes pressure off of it so it doesn’t have to dish out more cash and that, in turn, takes the pressure off of your wallet and mine! So Charity is the answer? In short… is Darth Vader Luke Skywalker’s twisted evil space daddy? We’d give you the answer, but we don’t want to spoil it for anyone who’s been living under a rock! Charity is the route to economic recovery that nobody is talking about! Except us of course, which is why we’re telling you about it! Route 664, the name of our show, refers to Section 664 of the Internal Revenue Code, which says if you give to charity regularly, not only do you get tax deductions, but you can create accumulated wealth for yourself and your kids on a solid basis. We call it Social Secharity and it uses the power of human kindness to get America out of debt. To learn more, visit www.socialsecharity.org or like us on Facebook @SocialSecharity and tune in to our weekly show Route 664 The Road to Human Kindness with your awesome hosts Les and Wanda.
See you soon! – Ossman J. Darwiche
Ossman J. Darwiche is a freelance writer. His articles are available on the Endow America Network Foundation website socialsecharity.org.
All articles can be reprinted with written permission requested from Endow America Network Foundation (send request to socialsecharity@att.net). Reprints must include the following statement: “This article has been reprinted with permission by the Endow America Network Foundation and the author Ossman J. Darwiche.”
