USA and Debt....how hard can this be?
I am by no means a financial expert and I have the meager checkbook to prove it, but my gut tells me that my country (USA) cannot continue to ignore our growing debt. While writing this I took a quick peek at our debt clock and immediately felt sick. See for yourself: http://www.usdebtclock.org/
The current congress is impotent, even the women, and every president in my lifetime was clueless on how to reel in spending. To that end I, Dennis Martin Gillan, being of sound mind (sort of) propose the following measures in order to right this sinking ship we call America:
The current congress is impotent, even the women, and every president in my lifetime was clueless on how to reel in spending. To that end I, Dennis Martin Gillan, being of sound mind (sort of) propose the following measures in order to right this sinking ship we call America:
- Sorry friends and foes, effective immediately all foreign aid is suspended. Yes this will chap some countries and some may argue that this will threaten world peace. OK...how much money have we pumped into the middle east and how peaceful is it right now? Here are the top ten countries that are going to be upset with this policy: http://abcnews.go.com/Politics/OTUS/fullpage/top-10-us-foreign-aid-recipients-17534761 The line of folks who are mad at America forms to the right and it is a very long line....deal with it.
- Flat tax---the fairest of them all. If I have to explain this to you move along. Personal income tax should be capped at 9%. Why 9%? It is written in some old book that we should give GOD the first 10th and I figure we are no better than GOD, so knock off a percent and put man under our almighty ruler. No real hard facts...just a number we all can live with. No write offs, no deductions, and Washington will have to learn to live with it. Corporations have to give more than what we give to GOD and they are at 11%. For some this will be a windfall and for others who have been using write offs and loopholes to get an even lower rate this will hurt. Huge upside is much of the money will come back to America and leave those offshore accounts and that is a good thing. Recap on taxes---Personal Taxes: 9% Corporate Taxes: 11% and GOD is in the middle of all of this...so far so good.
- National Lottery: Totally voluntary and goes against every belief I have about gambling, but all proceeds will go to retire current debt loads and when we are all square the National Lottery will cease to exist. The folks at PowerBall and MegaMillions will have a hissy fit, but again the line of haters forms to the right.
- Legislate that all unfunded pensions get funded pronto. This is a time bomb waiting to explode and if you need a quick primer I give you the greatest teachers in the world, Sal Khan: https://www.khanacademy.org/humanities/american-civics/v/illinois-pension-obligations Tick...Tick...Tick....look out and fix it now!!
- Related to the above post, my final proposal: TERM LIMITS. Why because Lord Alton said this in 1887 and it really rings true today: "Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men." Sorry DC folks, but we send good people up there and they totally lose grip with reality. America needs to keep a constant flow of new blood going to DC and this should drive the lobbyists nuts....or out of town.
Five quick fixes that have no chance of seeing the light of day in this current political climate....so how do we change that? I'm thinking pitchforks and torches....may be time for a revolution before it's too late. Serious as a heart attack.
Dennis
Pretty much in agreement, my friend. I would consider the Fair Tax before a flat tax however. Also, concerning the term limits, why not; congress voted to impose them after FDR but cannot dream of placing them on themselves ... now that is hypocritical. Concerning the national lottery, why close it after it achieves it goals. Let it then become a national educational lottery.
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