Posted on 08/08/2011 6:35:20 AM PDT by Kaslin
Well now! That was quite a ride last week for the American economy, don’t you think? We raised the debt ceiling and within 36 hours America’s debt exceeded our GDP. Then there was the stock market … yeah, that very same stock market that Chairman Obama told us had “come roaring back” in his last State of the Union message. All of those roaring gains for the year were erased in one day.
We then top off the week with a Standard & Poor’s downgrade of America’s credit rating – the first downgrade EVER! Well howdy! Now there’s some change you can believe in. A change for the worse … but then it’s been a constant change for the worse since the dumb masses put this unqualified (but clean looking and eloquent) man into the presidency.
Would you hire someone who hates to cook to be the executive chef at a fine restaurant? Why not? We were mindless enough to hire someone who detests capitalism and free enterprise to oversee our economy, why not hire someone who hates to cook to run our kitchen? And now we profess to be surprised at how things turned out?
OK .. I hear you. “All you ever do is complain, Boortz. What great ideas do YOU have to get our economy going again?” Well, as a matter of fact, I’m glad you asked … I do have some ideas. I’m going to help turn things around right here. And to make things more difficult, I’m going to do this without cutting spending or raising taxes … and I’ll do it backwards and in high heels.
Ready? Here we go; step-by-step.
1. Do you have any idea how much one trillion is? The average human life span is around 2.8 billion seconds. If someone was just now approaching their one trillionth second of life they would have been born in 29,000 BC. NOW do you have a grip on a trillion? Good --- because first we need to address the trillions of dollars of American-owned wealth that are legally resting in overseas accounts where they are safe from American confiscatory taxation. Declare a tax amnesty. Allow that money to come home to work in our economy without taxing it. Can you imagine what a few trillion dollars pumped into the private sector and not into political vote-buying schemes might do for our economy?
2. Thanks to generations of government education most Americans don’t realize that corporations and businesses don’t pay taxes. They collect taxes from customers, employees and shareholders and merely pass them on to the federal government. All wealth in this country is held by individuals, and all taxes are paid by individuals. So let’s get smart and reduce business income taxes immediately --- especially corporate income taxes. To do otherwise is to operate on the belief that the federal government would do a better job of spending this money (shrimp on treadmills?) than would the people who actually did the work and earned it.
3. We’re currently wasting around $100 billion a year on the Department of Education. There has not even been a hint of an improvement in government schools since this useless support system for teacher’s unions was created. Abolish the Education Department and send that $100 billion to the states with the mandate that it be used specifically for education programs to prepare young adults for employment upon graduation from high school and not for college prep. We have far too many English, social studies, LGBT and history majors running around now whose workdays consist of endless repetitions of the phrase “would you like French fries with that?
4. End the hideously expensive war on drugs. At the state and federal level we are spending over $1,700 per second in drug war costs. There’s over $15 billion a year to be saved here. Studies have shown that treatment is a more effective means of reducing drug usage than criminalization and incarceration. Bonus: We reduce crime and make our streets safer.
5. Repeal Davis-Bacon. Allow governments to pay prevailing private sector wages, not inflated union wages, on public works projects. The tax money set aside for these projects would go a lot further, more people would be hired, and the more work could be done.
6. Repeal ObamaCare and the Chris-Dodd consumer finance reform act. Both of these hideous pieces of legislation have been shown to be jobs killers. There is no right to health care, and caveat emptor should still mean something.
7. Immediately halt all regulatory rule-making processes at the federal level. We have enough regulations now to get the job done. More than enough. Businessmen aren’t hiring or expanding because they don’t know what the rules are going to be. Would you obligate yourself for a mortgage if the lender told you they would just fill in the terms later? Yeah … some of you probably would; especially Obama voters.
8. Eliminate capital gains taxes. Too many of us are sitting on investments that have pretty much maxed out, but we won’t cash out because we don’t want to pay the tax. Eliminating these taxes would allow a free flow of investment capital that would enable countless new business startups … and that means new jobs.
9. Make every state a right-to-work state. Completely outlaw compulsory unionism. Nobody should ever have to join a union in order to work. 10. Repeal Sarbanes-Oxley. It’s another jobs killer and inhibits corporate growth and profitability. Google it.
11. Institute loser pays at the federal level and urge states to do the same. This means that if you file a lawsuit against someone and you win, good for you. If you lose, you pay the other side’s legal fees. I used to be a member of the American Trial Lawyer’s Association, (now called The American Association for Justice --- bwahahahahah), and I can tell you that many trial lawyers look at filing a lawsuit as comparable to buying a lottery ticket. Not much to lose, but a lot to gain. Put some risk into this equation.
12. Eliminate most business and professional licensing requirements. Why should you need the state’s permission to braid hair or to match pillows with drapes? And while we’re at it find that loon in Florida who said that ending the licensing of interior designers would cost 80,000 lives a year and put her in a glass cube in the Museum of Idiocy. If there isn’t such a museum, start one. It will have to be a huge facility.
13. Send a balanced budget amendment to the states. Most states have to operate under just such a restriction, and they’ll be more than happy to see to it that the federal government does as well.
14. Last – but certainly not least – set a date certain for the expiration of our current tax code. That will force congress to come up with a better plan. I happen to have some ideas along those lines as well.
More ideas? Of course I have more ideas. But they won’t give me any more room here. Stay tuned.
What Boortz suggests in cuts is a drop in the bucket.
This is a fight for America! Vote in 2012. Support the TEA Party! Vote for a Conservative. Not a 3rd party, but a Conservative!
Limited Government
Lower Taxes
Less Regulation
STOP THE SPENDING!
http://www.presentationexpert.com/stw/?p=qkrxv3ad32c4112ovvhi
9) Make every state a right-to-work state. Completely outlaw compulsory unionism.
That alone would seriously cut the flow to the bucket.
This needs to be thought through a little more.
In effect, EVERY budget is a "balanced budget". In the sense that the brainiacs in State Capitals spend the money first and then propose tax increases to pay for the spending.
It should be the other way around. They should only be allowed to spend what they take in.
THAT would be a true balanced budget. As long as they are able to spend first, ask questions about how to pay for it later, we will get the same-ol', same-ol'.
Only now we will be providing them cover.
BUMP
Even with ozero gone and a new AG and others ... thousands of enemies are ensconced into the fabric of American socio/political functions.
Like ring-around-the-collar, you try soaking them out and scrubbing them out and there is still that ring-around-the-collar.
Its true. It would be easy to turn the economy and only require simple, common sense steps. The problem is that the Republicrat/Dumbocan Party doesn't want to turn the economy around. For them everything is going according to plan.
Voting for a third party candidate only guarantees that 0bama can continue his destruction of this great country
15. Issue permits to drill for oil in ANWR.
16. Accelerate all oil and gas drilling permits.
17. Expanding on 12: based on inputs from Business, permanently waive EPA and other rules and regulations that aret killing the job market.
18. Eliminate all Minimum Wage laws.
19. Set unemployment benefits to a maximum of 6 months.
20. Make the Bush tax cuts permanent.
21. Eliminate the Estate Tax.
I totally missed this story. The the heck is that about?
But it IS a start.
I’d add
Get rid of the Dept. of Energy. It has completely failed in its goal of making the US energy independent.
Get rid of the BATFE. Alcohol, Tobacco and Firearms should be a convenience store, not a law enforcement agency.
.Warren Harding figured it out in 1920...
Congress and the Executive Branch have lots to do.
So far they’re not doin’ it right..
Its been done before..
Harding cut the government’s budget nearly in half between 1920 and 1922. The rest of Harding’s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve’s activity, moreover, was hardly noticeable. As one economic historian puts it, “Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction.” 2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.
http://www.firstprinciplesjournal.com/articles.aspx?article=1319&loc=r
BTW..ole Warren ALSO fixed immigration...
Mr. Harding signed into law the Emergency Quota Act[3] which sought to control immigration following World War I and preserve the distinctive American culture by ensuring the majority of immigrants came from the historically compatible cultures of Northern Europe. This law aimed to bring wages of hard working Americans under control by limiting immigration to 3% of the 1910 census. It was followed on by a similar act in 1924, after Mr. Harding’s death.[4]
A Warren Harding prescription...if filled ...would ignite the afterburners on the US job machine and the economy. However DC would have to yield on a tremendous amount of power. Our job as We the People...is to persuade them of the “utlitity” ..shall we say..of doing so.
Your right, I don’t want a 3rd party, I want a conservative party. We need to get rid of the RINOS.
A Warren Harding prescription...if filled ...would ignite the afterburners on the US job machine and the economy. However DC would have to yield on a tremendous amount of power. Our job as We the People...is to persuade them of the “utlitity” ..shall we say..of doing so.
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My prediction is that all of these things will happen, but only after the implosion of the federal government similar to that of the Soviet Union and CPUSSR in 1991. A successor American government will do these things.
Simply freeze all regular expenditure at current levels, eliminate all specials such as TARP, and impose a zero hiring policy, to take effect immediately. Then conduct a PR campaign that the budget has absolutely no cuts which should settle the Dems' hash. Then work on actually reducing the levels by 10% yearly, to start next year.
Won’t happen under Obama. He is sinking in the sea and is chained to a rock of his own ideology.
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