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Chapter 13: What to Do?
purchased, setting off a chain of events causing more
unemployment. The excessive inventory will cause
businesses to cut back production and lay off workers.
The only solutions to this problem is a massive debt
forgiveness program to alleviate the pressure on the
middle class. If this does not happen, an economic
collapse will wipe out all debt.
President Donald Trump just submitted his budget
proposal for the fiscal year 2019. The $4.4 trillion
budget boosts spending on the military and
infrastructure while spending less on other programs,
including Medicare. Among the budget cuts are those to
education spending. The budget calls for changes to the
way student loans are repaid—including streamlining
the income-driven repayment (IDR) program and
getting rid of Public Service Loan Forgiveness (PSLF).
The budget would eliminate subsidized loans. However,
undergraduate students would have their loans forgiven
after 15 years, compared with 20 years now. So they’d
be paying more per month, but less overall.
To compete and thrive, America must join
China’s New Silk Road program along with other
nations and embrace the new paradigm of global
development. If we do not support Trump’s agenda and
instead continue the geopolitical policies of the past,
this will guarantee confrontation with Russia and China.
While President Trump agenda involves cooperating
with China and Russia, the shadow government clings
to the old geopolitical view of unchallenged
Anglo-American global dominance.
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