Sigh. People really have no clue how fantastic the US economy could be if the fucking politicians would stop using it for their own benefit.
This is all so very simple.
The US economy is currently a $14.7 trillion dollar GDP. But, our economy is being restrained by unethical trade agreements entered into by crooked politicans, tax rates which are way too high, and federal regulations which are counter productive, too invasive, and in a lot of cases just entirely insane.
The feds will admit that our unemployment rate is 9.8% or whatever they are claiming this week. The actual unemployment rate is 20%. There are large groups which are not counted. This is easy to verify for yourself.
Fixing the US economy is pretty simple.
First, drastically reduce the role of the federal government to what the Constitution allocates to it. This will drastically reduce the size of the federal government.
Second, abolish our insane tax code and replace it with a tax code that is simple, fair, and low cost. The top tax rate for our businesses MUST be lower than the lowest top tax rate in the industrialized world. Right now we have the highest business tax rate in the industrialized world, we need the lowest rate. I would say that for personal income tax have a 10% rate that everyone pays. Yes, the liberal idiots will scream "unfair", but if you make $20,000 and pay $2,000 and I make $90,000 and pay $9,000 how is that 'unfair'? I made 4.5 times as much income and paid 4.5 times as much tax.
Third, repeal ALL trade agreements and replace them all with a very simple trade agreement that requires anyone who trades with us to do it fairly and honestly and no more of this "we can sell anything we want to the United States but they cannot sell anything to us" nonsense. Any country that does not want to agree to this can stop trading with us.
Fourth, get the government off the back of business owners. Make it so that anyone who wants to start a business in the United States can do so easily and without huge burdens added on them by the government. The liberals will scream, but tell them to shut up.
Fifth, change the liability laws so that a company can locate here without running the risk of being bankrupted by some lawyer. I'll give you an example. In the two where my mother lives, a child climbed a fence into another person's yard, then pulled up the swimming pool cover, and jumped in the pool, and drowned. The parents of the child sued the owner of the property, the company that built the swimming pool, and the company that made the liner that went into the pool. I think the parents of the child should have been sued for allowing their child to be off unattended getting into this mess. This ability of lawyers to go after the "deepest pockets" has to be removed.
Now, if all of these changes are made, manufacturers will come back to the United States in droves. The media likes to tell you lies that manufacturers go to third world countries because of the labor cost. This is totally false. Labor is a small % of the cost in modern manufacturing. More important than labor is transportation, taxes, government regulation, and other issues. If we get the government off the backs of manufacturers they will gladly pay a higher labor rate to have a much lower transportation cost.
Another problem that the United States has is the education system. We are no longer a first world country, education wise. We have to fix this. The unions have made it so that public teachers are untouchable and they don't have to provide a quality education. I think that unions for government positions should be grossly illegal. Our public education system has to be completely overhauled and the unions will fight against this tooth and nail, so I say get rid of them.
Now, with our economy back on track our GNP will shoot up to $18 or $19 trillion.
So, this is how you solve this debt problem.
1. Pass a constitutional amendment making it ILLEGAL for the federal government to spend more than it brings in.
2. Set up a special tax to pay off our current debt. Everyone has to pay this tax. I mean everyone. Employees, welfare recipients, retirees, employers, government agencies, everyone. Given that most of this debt is in the form of 30 year instruments, some people will say that we have 30 years to pay this off. I say do like Finland did and pay it off as fast as possible. Say five years.
This is the greatest country in the world, when we make up our mind to do something, we do it.
3. Eliminate the federal reserve bank.
4. Replace our worthless currency with a currency backed by some tangible asset that has a global price that is not controlled by the federal government. The problem with the gold/silver standard was that the federal government set the price for gold/silver.
I don't know what this item would be. Precious metals? Rare metals? A commodity that we cannot do without. I don't have the answer to this, but this is what has to happen.
Now, those debt instruments for the current government debt will still be here. We will just have to change the payment form from the US dollar to this new currency. No one will want the US dollar anyway, so I don't see this as an issue.
Tough to do all of this? Yes. Impossible? No. Will be ridiculed by the leftwing idiots? Yes. But, they will actually discuss the details in a way that makes sense? No.
