VIEWS: 5 PAGES: 1 POSTED ON: 4/7/2011
?With the current U.S. recession turning into a full-scale depression, it is time for many Americans to broaden their job searches past the horizon. We haven't seen unemployment at levels like this since the recession caused by Carter's inflationary spending of the late 1970's. Quite literally, there are no jobs for many of our sons and daughters who are returning home from defending freedom in Iraq and Afghanistan. While they were defending freedom, we were giving it up for the cheap words of a smooth huckster. The U.S. economy is bad, but it is going to get much worse before this is straightened out. In his first 100 days, Obama managed to grow the U.S. deficit by 50%. The Congressional Budget Office is now forecasting a coming ten trillion dollar deficit. Our grandchildren are going to be born into indentured servitude. But, it is not yet time for a revolution. In the words of our great Declaration of Independence: "But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security." We are clearly headed that direction, but we are not there yet. So what is a rational individual to do? One temporary solution is for a large number of Americans to take a break from America. Let the Democrats stew in this depression of their own making. Temporarily relocating overseas can earn you a deduction of the first $87,600 of your yearly income. This means that if you earn $100k/yr working overseas, you pay taxes on only $12,400 in income. This saves you money and it also allows you to legally stop supporting the national socialists who have taken power in Washington.Phil Morris is the author of Expat Jobs and is currently living and working in Singapore.
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