The American Education Cost and Equality Crisis
August 2, 2017 Emailed to WSJ/NYT/DMN on 8/1/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how U.S. Government fiscal and accounting fraud has created "The American Education Cost and Equality Crisis".
The "news media" has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".
The American Education Cost and Equality Crisis
August 2, 2017
For the last several decades we have seen the cost of education increase dramatically!
For the last several decades we have seen the quality of education decline in the poorer neighborhoods while improving in the richer neighborhoods.
For the last several decades we have seen the emergence of private schools and charter schools in an effort to improve the quality of education for the most affluent students and the most talented students.
I contend that all three of these trends/problems were caused by Lee Harvey Oswald assassinating John F. Kennedy.
This assassination allowed a scoundrel, Lyndon Baines Johnson, to get into the White House and introduce a Ponzi scheme fiscal policy, that I call USAPonzi. This Ponzi scheme has dramatically enriched the U.S. upper class and oppressed the Common Man (See The American Social Justice Crisis).
USAPonzi is caused by use of fraudulent fiscal and accounting principles by the U.S. Government. The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting. This fiscal policy is dramatically and fraudulently enriching the U.S. upper class while oppressing the Common Man. The U.S. upper class is fraudulently getting richer and richer at an exponentially increasing rate so they can pay outrageous prices for the education of their kids with the imaginary-counterfeit money that this U.S. Government fraud is producing.
How can parents in a poor neighborhood ever afford a quality education for their kids when they are being forced to live on an income that is at or near minimum wage when the U.S. Government is stuffing money into the pockets of the U.S. upper class with fiscal and accounting fraud? The U.S. Government has already given the U.S. upper class $107.0 Trillion and is giving them $15.15 Billion more every single day with GAAP basis deficit spending.
U.S. Government fiscal and accounting fraud is enriching the U.S. upper class and oppressing the Common Man. The U.S. Government has been doing this for 48 years.
This fiscal and accounting fraud has also caused the price of educating a child to spiral out of control. My college education cost $600 per year (room, board, books and tuition) for my undergraduate degree in 1960 and today I have grandkids that have an annual education cost for elementary school of over $30,000 per year. The increase in the cost of education is due to the Ponzi scheme fiscal policy of the U.S. Government that is fraudulently borrowing money from the future Americans to dramatically enrich the U.S. upper class.
The rich can afford an advanced education for their kids while the poor have no hope of paying for an advanced education for their kids and are given access to only poorly funded K-12 education because of the neighborhood in which they live. The economic inequality that is being induced by the fiscal and accounting fraud of USAPonzi is the cause of this inequality in education. The economic inequality that is being induced by the fiscal and accounting fraud of USAPonzi is the reason we have seen the introduction of more and more private schools and now the introduction of charter schools.
We have to get back to the fairness of equal education for all students and that to me means properly and equitably funding all public schools through high school. But it also means that we must adopt GAAP Accounting and a balanced budget so that we stop this outrageous, inequitable, and fraudulent enrichment of the U.S. upper class.
The United States of America likes to represent itself as the cradle of freedom, liberty, fairness, justice, and opportunity but because of this U.S. Government fiscal and accounting fraud; it is not living up to these ideals.
The fundamental and root cause of this inequity is the fact that the U.S. Government is not using Generally Accepted Accounting Principles (GAAP Accounting) and is not balancing its budget.
The U.S. Government is causing Class Inequality by operating a $107.0 Trillion Ponzi scheme!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Aug 2, 2017
This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($107.0 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White