After a hardy laugh at the Messiah's insanity we (thinking Conservatives of principle) would offer the following steps to bring logic and reason to the fiscal and monetary policy of the Federal Government:
1. Reverse budgeting: For FY 2011 we would look at the revenues of FY2009 and select a percentage in the 80 to 90% range based on economic trends. That number would be the budget for FY2011. Not a penny more. Congress and the White House would need to barter on which programs get how much money, but the bottom line is defined. The excess would go towards debt reduction.
2. All items on Budget: Clinton claimed "Budget Surpluses" for many of his years in office, but for each year the National Debt increased. This is due to "OFF Budget Items" such as major entitlements and special items like TARP, the Stimulus bill, etc... This practice must stop. If a publicly traded company did their books like this, someone would go to jail.
3. Earmark Moratorium: A minimum two year suspension of the process of political graft and the rewarding of campaign contributors. Let's see if the country implodes without earmarks.
4. Stop hiding behind the scam of "Mandatory Spending": Who determines what is and is not mandatory spending? Six no-neck guys at Elmo's Bar in Toledo, Ohio, that will knee cap you if you mess with it? Hiding behind this scam is for weak unprincipled politicians that have little courage to do the right thing.
5. 15% cut to ALL Departments: Including Defense and Homeland Security. Start at the top and thin the organizations. Look at the corporate organizations of General Motors and Wal-Mart. One is a bankrupt dinosaur, the other a lean global giant. If we were to eliminate several departments (Energy & Education), the cuts to the others could be less.
6. 25% cut to ALL Entitlement Programs: We're Trillions in debt, everyone is going to have to have skin in the game. If total programs were eliminated, the cuts to others could be reduced.
7. Stop the Presses: Stop the printing of money and either return to a gold standard or pass a Constitutional amendment that allows the M1 money supply to grow no more than 2.5% per year. The goal is stability of the currency. Use the money supply of 2006 as a basis.
8. End Fractional Reserve Banking for demand deposits: Require banks to keep 100% of their demand deposits on hand. The money for loans would come from investment accounts. This could end bank failures and lighten the burden on the taxpayer. It is also the first step to the elimination of the Federal Reserve.
9. Cut Taxes: Eliminate the AMT and death tax. Reduce capital gains and corporate rates to 13% and consider the merits of either a Flat Tax on income or the Fair Tax on consumption. Set a target of deciding on one or the other by Sept 1st.
10. No New Taxes: No new taxes on health insurance, energy use, the color of our cars, the size of our homes, or what we eat.
11. Just Say NO to the Fraud of Climate Crisis: Laugh out loud at the liars and their gullible followers that fear the end is near. Respect for the environment and continuous improvement in the reduction of emissions should be promoted.
12. Reduce Regulations: Government policies should set rules of the game, not micro manage each market. Reduce the compliance costs of all government regulations to aid businesses and job creation.
These items are the foundational elements of sound sustainable fiscal and monetary policy. Any attempt to continue business as usual is a sign of weakness. Intergenerational theft is immoral.
No comments:
Post a Comment