max
09-25-2008, 08:21 PM
1. Massive cuts in military and other overseas spending programs such as foreign aid (Savings: $800 Billion) This still leaves us with the largest military budget on the planet at 50 billion.
2. Shut down unnecesary departments like Labor, Energy, Education etc (Savings $100 Billion)
3. Dust off the old Grace Commission Report on government waste and trim at least $300 Billion)
That's a total of 1.2 trillion slashed (for now) out of a 3 trillion dollar budget. Total income tax revenue is about 1.2 trillion!
4. Immediately abolish the income tax and still have a balanced budget. As the economy expands with 300 million Americans now flush with additional real income each month, can begin to payoff their debts with REAL money. Other tax revenues (like gas and tariffs) will grow. Allocate that money towards National Debt paydown.
5. Abolish the Fed and issue gold/silver backed debt free currency directly from Treasury department.
6. Close the southern border and end the gravy train for illegal immigrants....billions more saved by Federal and State governments.
7. Abolish the capital gains tax to spur new investment and job creation.
8. Use savings and additional revenues to tide social security recipients over as young folks transition out.
9. Serious tort reforms aimed at getting rid of frivolous lawsuits that hamper the economy and cost us hundreds of billions..
10. A total review of all federal government regulations that interfere with business. Allow the states and local governments to sort this out.
11. Prison sentences for the Wall Street oligarchs. Liquidate their assets and apply towards debt reduction.
12. Good relations and mutually beneficial business deals with foreign nations.
**************************
This would usher in a new era of economic prosperity unlike any in history. A true free market combined with today's technological advances would make all of our lives and relationships so much better!!!!
But nooooooo...instead we're gonna just repeat the same old Keynesian bullshit thats gotten us into this mess for the past 80 years. Stupidity?...or treason?
2. Shut down unnecesary departments like Labor, Energy, Education etc (Savings $100 Billion)
3. Dust off the old Grace Commission Report on government waste and trim at least $300 Billion)
That's a total of 1.2 trillion slashed (for now) out of a 3 trillion dollar budget. Total income tax revenue is about 1.2 trillion!
4. Immediately abolish the income tax and still have a balanced budget. As the economy expands with 300 million Americans now flush with additional real income each month, can begin to payoff their debts with REAL money. Other tax revenues (like gas and tariffs) will grow. Allocate that money towards National Debt paydown.
5. Abolish the Fed and issue gold/silver backed debt free currency directly from Treasury department.
6. Close the southern border and end the gravy train for illegal immigrants....billions more saved by Federal and State governments.
7. Abolish the capital gains tax to spur new investment and job creation.
8. Use savings and additional revenues to tide social security recipients over as young folks transition out.
9. Serious tort reforms aimed at getting rid of frivolous lawsuits that hamper the economy and cost us hundreds of billions..
10. A total review of all federal government regulations that interfere with business. Allow the states and local governments to sort this out.
11. Prison sentences for the Wall Street oligarchs. Liquidate their assets and apply towards debt reduction.
12. Good relations and mutually beneficial business deals with foreign nations.
**************************
This would usher in a new era of economic prosperity unlike any in history. A true free market combined with today's technological advances would make all of our lives and relationships so much better!!!!
But nooooooo...instead we're gonna just repeat the same old Keynesian bullshit thats gotten us into this mess for the past 80 years. Stupidity?...or treason?