Texas Republic Failure

The Texas Republic was a short lived empire was that had many problems but the main was debt it had a total debt of 12,436,991.34 but in our time it would be much more.The young nation had a rough start with debt in the beginning because of the costly revolution and mexico banning trade but the first president Sam Houston had to start out with 1 million dollars ,but Houston was good a money manager and kept government expense to minimum and tried to increase money for revenue. The government tied to collect money and collect property tax.1837 the Texas Congress confirmed Houston’s issue with Star Money. Most of Texas debt was because of Lamar’s spending he bought costly warships to guard the coast and increased the army spending and he also

spent some money on good stuff like better education to teach the kids of Texas Republic. Lamar’s genocidal veiw of the natives cuased many Texas lead raids against Cherokees and Comanches which led fewer raids by the natives but increased hostilities.To counter spending was Samuel Houston second term were he believed annexation was the main goal, he cut military spending and disbanded the Texas Navy.

He also had to deal with problems with inflammation, because Lamar over printed money causing mass inflammation were Texas Redbacks were only worth .12 U.S cents and most U.S merchants wouldn’t accept them. Sam Houston’s second term was mostly a money cutting term he spent less than 600,000 in a three year term. The Mier expedition was a costly military mistake it started with a mexican general attacking a southern texas town Sam sent 300 militia’s and they dealt with the mexicans and then the Texan militia decided to invade mexico taking a town. Mexico leader sent an army to capture the Texans in the town and the didn’t want kill everyone because that didn’t go so well in the revolution so the decided to execute every 10 soldiers. Debt was crippling so the only way out was to get was annexation and that’s what Houston’s solution was and campaigned saying no more debt if we join the U.S. and in 1845 that’s what happened but Texas still had some debt so the sold land from Wyoming, Colorado, Utah and New

Mexico.
The United States of America is a similar story with debt problems currently reaching a total of 19,006,714,075,999 U.S dollars we have the most debt in world and still going up with because of countless spending and borrowing from other countries like China, Japan, Switzerland and so many more countries. If any of these countries demand their money the United States might have to sell land to pay off the money they borrowed. If we continue to rise we might not even be able to pay for citizen’s health care and basic education. The US couldn’t pay for roads or fixing of water, they could raise the annual tax and decrease revenue to cut debt. The nation could collapse into anarchy and eventually fall to foreign threats, in 50 years there might not even be a US if any country demands their money.

The Final Solution
The way the Texas Republic got out of debt was getting annexed by the US, but since the US can’t annex the US there has to be other options. Obama made Obamacare the national debt has been soaring and many presidents had long term and short term debt plans but we're gonna focus on Bernie Sanders approach to the debt he’s gonna make the upper class pay more taxes and reduce the military spending as well as making the U.S stop policing the world. It would be risky but we could sell land to Mexico and Canada, but this would be extremely risky to do. A way to cut debt would be increased taxes. We would also need to cut spending majorly with both discretionary and entitlements. We need more jobs, if you cut government jobs they would have to have other jobs. We also would need economic growth if we have to get out of this hole, We will look into how to get the economy going and how to do it without causing a financial bubble again. We also need financial stability from the saving and loan bailouts,through multiple auto industry bailouts to the mortgage crises, the government has spent 100 of billions bailing out big businesses. This money adds to the national debt, which in itself weakens the systems.

We will look into simple reforms of our financial systems:simple regulations which separate capitalism from casino gambling. We should also cut personal debt, the government encourages you to go in debt. Politicians offer to help, creating yet more government programs. Cynics claim the cycle is intentional. At times they are right, but often the problem is mere error. Our leaders spend too much time kissing babies and raising campaign funds to fully understand the consequences of their actions. The voters must tell them and citizens who can and should get out of debt despite of government incentives