5 Ways the Next President Can Fix the Economy

Fixing the US Economy

Fixing the US and World Economy is easy. All it will take to get the job done is one word…. “CONFIDENCE”

To achieve Confidence, takes Shared-Pain. The real problem with shared-pain is, few State, Federal Government, Municipal and Union employees are willing to share any type of pain.

Who said…. “We will continue to Dance until the Music Stops”. (Oh yah, it was the Greedy) Translated, this means that those in the corporate and government world will continue to pillage middle-income American’s, for their personal gain, until the last dollar has been sucked out of every American Taxpayer.

People are really getting tired of all the excesses of Government and Big Business. Corporate is not as bad as Government since, as an example a large bank overpays it’s executives’’ we can simply switch to another bank or credit union. Now, if this bank starts loosing business and the Government bails them out, then that’s just Stealing from American’s to reward their Greed. (Oh yeah, that already happened)

What President Obama has to do is present a “Plan that Makes Sense”. So far, he has made NO sense, just driving us deeper into debt.

Once we are Confident that we are on the right path, the following will happen:

The Stock market will rise.

Businesses will hire.

Houses will be purchased.

Tax revenue will increase and the National Debt will decrease.

Our economy will grow, etc., etc.

WHAT NEEDS TO BE DONE IS TO PRESENT AT LEAST 1 OF THE FOLLOWING:

1. Stop making negative comments like raising taxes, retirement age or cutting programs like Social Security. This just “Scares the hell out of everyone and shows how direction-less our Government really is!”

2. Immediately REVISE all benefit programs including pensions, bonuses and healthcare for all State, Federal, Municipal Government and Union employees. Include anyone that feeds off the American Taxpayer.

3. Retirement starts at 65, with early retirement and reduced benefits at 62. No exceptions. If you want or need to retire earlier, use your personal savings.

4. Pensions are replaced with a 401k-type plan, like the rest of America. We are saving for our own future and trying to pay government pensions at the same time. This is crushing the American people by making us pay YOUR retirement with our tax dollars. (Note: if you don’t raise taxes, you have to increase the debt to cover these ever increasing commitments)

5. Healthcare is purchased through a cost sharing group-plan, national health program or HMO, similar to the private sector, until you are 65 and eligible for the Medicare type programs. (Note: If all Government employees have to rely on Medicare & Medicaid, the future of these programs would be a lot brighter)

6. Stop throwing around billions and trillions in cash like it’s yours and stop printing more money. If your not familiar with the term “Fiscal Responsibility”, it’s time to look for another job. Every Official needs to be asked before he/she is elected, “Do you personally balance your household check-book or does your spouse? Are you committed to keeping your credit cards paid off monthly?” A “NO” to either of these means no election.

7. Everyone pays taxes. The 48-50% of the US adult population that are not currently paying need to have at least a 2-5% flat tax taken out of their income, from what-ever source, to contribute to the state & federal revenue. If it’s a welfare check, social security, unemployment, etc., it doesn’t matter, everyone contributes something to help pay for schools, roads, national security, etc. Remember the saying, “Ask not what your country can do for you, ask what you can do for your Country”.

8. Stop targeting middle-income American’s! This group of taxpayers is footing the bill for everything it seems. Every one is targeting this group and trying to rape as much cash out of them as they can. I heard that we are also in for a large increase in our insurance premiums soon!

9. Taxing the Rich will not bail us out, as the Rich do not have enough money to do so. But they do need to pay their share, remember Shared-Pain? If middle-income folks are paying 25% and the Rich are paying 18%, then this has to be adjusted. (Note: We could cut middle-income folks back down to 18% instead of raising the Rich, ha!)

10. Get America back to work. Cut Unemployment benefits back to 13 weeks. If an extension is “really merited”, then 26 weeks can be used, but not more than once every 3 years.

11. Limit Welfare and Food Stamps. There’s so much abuse hear that it has become a way of life for many. Benefit payments to single parents will be limited to 2 children and capped after a certain number of years, or the child achieves a certain age.

12. Incentives and entitlements are to be given to married couples with children, as long as they stay together. A hard working family with both spouses working should be praised, not penalized.

13. Get State & Government Payrolls back in line. As an example, Teachers, Fireman and other groups may have been underpaid years ago, but this is no longer true. In some cases, state and government employees are paid twice as much for the same job in the private sector. Their payroll & retirement benefits need to be scaled back to match the private sector, no better, no worse. If any government employee’s salary has increased in the last 3-5 years, while holding a similar position, the their salary must be cut back to where it was 4 years ago, minimum cut being at least 10%. No exceptions. We just don’t have the resources to pay those increases. Remember, our retired citizens are on their 3rd year w/o any SS cost-of-living increase, while their taxes, medical, insurance, etc., have escalated.

14. The big problem is that government salaries continue to ratchet up and up and up, whether or not the economy is thriving or in a recession. As an example: A small businessman is doing $100,000 a year in 2004. 5 years later, he’s now doing $200,000. He gives himself a raise, hires a helper and buys a new truck. In 2009, and as a result of the recession, his business drops back to $100,000. He has to cut his salary and get his finances in-line by letting go of his employee and selling the truck. “THIS IS WHAT THE GOVERNMENT NEEDS TO DO”. It’s called living within your means. Instead, they keep ratcheting up the spending and entitlements to the point of where we are today.

Every department in the Government needs to be challenged to operate with-in their budgets. We pay these department heads a very good salary to manage. If they cannot, they need to seek other means of employment.

SUMMARY:

If anyone in our Government, President on down, has the “guts” to pursue just one of the above areas, you’ll see the Confidence return almost overnight.

Rick of CT 4:00PM September 08, 2011

The way to get out of debt is to spend less than you make and use the savings to pay off the debt. The US government is spending 3.5 trillion/yr but only brings in bringing in 2.5 trillion in taxes. According to usdebtclock.org, the US owes 14 trillion on the front end and 110 trillion on the backend.

Slashing expenses by 75% would leave a 1.625 trillion surplus which could pay off the 14 trillion debt in 9 years.

Slashing social security/Medicare/Medicaid benefits by 75% would put 14 trillion or more back into the back end debt in the same time period and balance social security. Don't pay social security benefits to retirees until a retiree is below a dollar threshold (maybe < 10K/yr left to live on over their expected lifespan). Give retirees a little chunk of money every 5-10 years for breathing room for whatever they want or need at the time. Make the medical system 75% social medicine, and 25% private. If a doctor wants to see more than 25% of his patients as private, he has to put 50% of those earnings into a slush fund that gets divided out to doctors who choose to see more socialized patients to blance their salaries. Remove insurance companies and their profits to save money there, cover everyone, make everyone pay, make hospitals have to accept 75% socialized people or they pay 50% of their profits into slush fund for helping socialized hospitals and building back the social security fund.

To improve the workforce, we need to educate them in new technologies.

Have government subsidize their salary as they receive on-the-job training from companies looking for specific skills. You could garnish the worker's wages by 20% until 50-100% of the training received is paid back. Workers don't mind paying for education if they know it will pay off for them and get them work.

Michael Williams of UT 10:00AM October 14, 2010

OK, You asked.... I would take Welfare reciepients healthy enough to work to the Mexican border to begin building a wall high enough to end border crossings. While they are building they would be drug tested. Positive results would be dealt with by firing and cutting off their benefits. All welfare reciepients would be drug tested and positives would lose their benefits. Refusal to drug test would result in loss of benefits. All citizens of the United States would be required to have proof of citizenship. No proof of citizenship gets a one way ticket out of the United States. If you are an American, You are an American. Not a _________ American. You may be an American of _________ decent, but do not put any other country in front of America. Race would no longer be allowed on applications for employment, Schooling, or Government Benefits. Only one iligetimate Child would be allowed to be claimed for any benifits. If you made a mistake, Learn from it. There would be a 1 Million dollar fine imposed on employers hiring Illegal workers PER WORKER. As the jobs open up from the deportees, the US citizens would be able to replace them and earn a living. Births inside the US must be from at least one US citizen parent of legal age to be granted citizenship. If 2 illegals have a child, the child is not a citizen. The parents should not be here and so the child should not be here. Congressmen and Senators would be required to serve 20 years to receive a pension. If it is good enough for the US Soldiers, Sailors, Marines, and Airmen, it is good enough for them. There would be no automatic pay raises for any elected government official unless the citizens vote on the raise and approve it. Expense accounts for Government officials would be restricted to Travel to and from their home. Pay for Elected officials should be determined by those who elected them. The Second Amendment to the Constitution speaks for itself. With the exception of certain places such as the United Nations Building and Embassys, Only the United States Flag will be flown. If you wish to wave another countries flag, do it in that country. I could go on for hours, but let me wrap this up very simply. We Need some common sense running things.

Ron of NC 10:51PM July 07, 2010

If i were the president i would change a lot. I would make it so we had not a single problem in this world..

Arielle of NC 11:10AM March 04, 2010