- Joined
- Aug 26, 2007
- Messages
- 50,241
- Reaction score
- 19,243
- Location
- San Antonio Texas
- Gender
- Female
- Political Leaning
- Conservative
I propose a solution to our budgetary woes:
A limit to spending of $750,000,000,000.00, and $250,000,000,000.00
The $750b would cover Military, CIA, FBI, Diplomatic, Immigration, NASA and basic Federal Spending.
The $250b would go towards debt.
All other spending would cease, all taxes taken in over the year in excess sans INTEREST ON NATIONAL DEBT, would be refunded back to those that were over taxed, tax rates would be lowered until nominal parity with taxation and spending were reached. This would allow lower tax rates as the principle amounts owed dropped.
What would this do?
First it would solidify the national economic situation; we wouldn't be going broke. Over time our debt would eventually zero out. Yes, it would take many years, but those are years we must atone for, and either do it now, smartly, or watch the system implode to the detriment of all.
Secondly, where would that excess money GO? Why into the hands of PEOPLE! The Markets, the economic boom that would follow such a move, as Capital was no longer tied up into the machine that is Government and instead used to CREATE wealth... would be staggering.
Finally, the stable, strong US dollar would help calm world markets, and put the "global economy" back on an upward trajectory.
The only reason such a path is not taken, is there is no political gain to be had from allowing free peoples to use resources. This was the madness that FDR brought upon us, and it's high time we closed the book on his failures, once and for all.
A limit to spending of $750,000,000,000.00, and $250,000,000,000.00
The $750b would cover Military, CIA, FBI, Diplomatic, Immigration, NASA and basic Federal Spending.
The $250b would go towards debt.
All other spending would cease, all taxes taken in over the year in excess sans INTEREST ON NATIONAL DEBT, would be refunded back to those that were over taxed, tax rates would be lowered until nominal parity with taxation and spending were reached. This would allow lower tax rates as the principle amounts owed dropped.
What would this do?
First it would solidify the national economic situation; we wouldn't be going broke. Over time our debt would eventually zero out. Yes, it would take many years, but those are years we must atone for, and either do it now, smartly, or watch the system implode to the detriment of all.
Secondly, where would that excess money GO? Why into the hands of PEOPLE! The Markets, the economic boom that would follow such a move, as Capital was no longer tied up into the machine that is Government and instead used to CREATE wealth... would be staggering.
Finally, the stable, strong US dollar would help calm world markets, and put the "global economy" back on an upward trajectory.
The only reason such a path is not taken, is there is no political gain to be had from allowing free peoples to use resources. This was the madness that FDR brought upon us, and it's high time we closed the book on his failures, once and for all.