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Old 07-14-2008, 11:34 AM   #7
Lorionasodi

Join Date
Oct 2005
Posts
480
Senior Member
Default
What so many don't seem to realize about the Federal Govt. and its budget is it should only take things on it does best, if not leave it to those who do it best.

For example, Dept of Education should be eliminated. All it does is take money that should have went directly to local education, pay some bureaucrats high priced salaries to debate about it, and then give about 80% back.

Same for the Dept of Trans. They take money from the states, run it through their bureaucracy and give about 80% back.

The average welfare recipient receives about $22,000 but the Fed govt collects about $35,000 per recipient. Why not give them each a 20% raise and cut them a check for $26,200 and still save $8,800 per person.

If everyone is all gung-ho on taxing the wealthy take the top tax bracket from 35% to 38.5%. Thats an extra 10% in tax revenue on the people that already pay about 90%.

That right there would probably fix the budget.

Do you wanna fix Social Security while we are at it? Eliminate the $97,500 cap and charge Social Security Tax on all earnings but don't change the benefits. And if you earn over $250,000 at age 65 you probably don't need to collect Social Security so put a means test on it.

That probably fixes Social Security.

End the "War on Drugs". Didn't Alcohol prohibition teach us anything? We spend billions ensuring that an underground that pays no taxes exists, commits violent crimes and makes otherwise law abiding citizens criminals. We spend billions taking away EVERYONE'S rights to try and catch a few people who only exist because they provide a service that people want. Legalize and tax it. If necessary after the revenue windfall from that, increase the 2.4% we give the Dept of Health and Human Services for the supposed additional users.

Now we have a surplus. Once there is a surplus the interest on the national debt goes away over time so the surplus keeps getting larger.

Now if you really want to help Americans and raise money at the same time try this. Impose what I call a Fair Wage Tariff. The concept would be simple. Any goods imported into the US would recieve a tariiff equal to the difference in wages and benefits given the workers to produce the goods. For example, ff we pay our workers $16,000 to produce a car and Mexico only pays them $2,000 they get a $14,000 tarifff when imported. (What they do anywhere else in the orld isimmaterial) If your car is still competitive good for you

We should not encourage our own companies to go abroad simply for slave-labor. Since this tariff would only apply to differences in wages it would not decrease true competition. If a country had a true competitive advantage other than wages they would still be able to sell their product at an advantage.

Americans should not lose their jobs to 3rd world countries who exploit their citizens. America should not support and reward the exploitation of slave-labor. America can not afford to continue to lose its industrial base because another country practices in slave-labor.

Why should Americans a) subsidize something as immoral as slave wages and b) engage in this immoral subsidy at the expense of our workers, our industrial base and our national security. I'm all for Fair Trade but slave labor doesn't seem fair.

The Fair Wage Tariff would employ more Americans (= more revenue), raise more money through tariffs (= more revenue) and stop US corporations from going abroad (= more revenue)

Well now that I solved the short-term economic problems of the US lets look long term.

Minimize foriegn engagements that are not a direct interest of the US security. Become energy self sufficient by lowering our environmental standards just a little (i.e. off shore drilling, Artic drilling, shale oil, nuclear power). Become energy self sufficient in the longer term by being the leader in energy R&D and implementation.

OK now that I saved America, Good Nite.
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