Tag Archives: U.S. Budget

Yes, America Can Quickly Turnaround, Here’s How:

America is a melting pot of concerns and of people dynamically and distributively acting to improve our nation. But when any one issue overwhelms the others, it drowns out their focus and support. A lack of Jobs has become that screaming voice. While Government’s role is far more than just support of business, with an entire nation affected by 25 percent un and under employment, the focus is on helping them to create employment. It is the equivalent of a Maslow’s theory of Government.

Within that Maslow’s theory concept, the sooner we right our course, the sooner we can expand our collective consciousness again. The following is a win-win, Middle America construct for dramatic economic turnaround that can quickly right our course, that is Government proactive, yet balanced with pro-business, private initiative, free market principles.

A lot more must be done than the following to right our course but as a focus on a quick turnaround, the following is a good start. First, we have to restart the economy with increased consumer demand and business credit and elimination of debt overhang:

Job placement
• Implement distributive job placement through small business job voucher plan
• Place all able Americans in jobs through voucher program
• Guarantee voucher program will exist for a minimum of 24 months before any reductions
• Guarantee reductions based on unemployment figures

Debt isolation and swap for equity:
• Require voluntary complete appraisal of all commercial and residential properties – owner pays
• Enforce mark down of all properties to appraisal by banks if accepted by owners
• Allow banks to swap ownership equity for debt to the amount written down
• Require banks that cannot carry higher equity to merge or restructure

Credit repair
• Institute a credit amnesty program
• Enforce the credit institutions raising credit scores 20 points and eliminate bad credit info two months in arrears for every clean month
• Eliminate foreclosures, workouts, and bankruptcies with 30 months clean record

Business loans and grants
• Provide business grants to small business to cover equity portion of SBA business loans tied to guarantees to hire new full time employees
• Assuming a business loan requires a 200,000 per employee, grants of $40,000 per new job would be required. 15 million jobs would cost an investment of up to $600 billion of which half would return in personal and corporate taxes over a two year period.
• Increase government guarantees on bank loans to small business to 100 percent for first two years of originations
• Provide direct SBA loans for businesses unsuccessful at finding bankers to accept 20 percent

Second, we have to right our long term course. Ideas that are being touted by Republicans [with caveats to ensure savings are not funneled offshore], and **a few additional ideas** will help our longer term economic position.

• Cap and trade budget
• Require trade of budget within same time period for all new initiatives including salary adjustments
• Require a phased in balanced budget

• Reduce corporate tax rate [for domestic business only] and eliminate tax loop holes
• [Eliminate tax deferral of profits that stay overseas]
• [Eliminate taxes for all overseas funds that are re-invested in American business infrastructure]
• [Reduce death taxes that are reinvested in American enterprises]
• **Do not implement Romney’s regional tax plan**

• Place a moratorium on regulations
• Cap regulation costs
• Enforce a regulatory prioritization cap and trade of regulation costs

• [Require economic impact study and public review and comment period for all proposed trade treaties, and a minimum of net nuetral benefit excluding corporate profit]
• Enforce existing treaties with China

•**Invest in research and development of solar and wind in areas that most promise cost reductions**
• **Build solar and wind economic zones large enough for a 20 percent supply of energy needs**
• **Invest in transmission to those zones**
• **Provide 100 percent, interest free loans for all conservation projects that can show 5 year payback and require payback only from energy savings**

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Filed under American Governance, Job Voucher Plan, U.S. Energy Policy, U.S. Monetary Policy, U.S. Tax Policy

America’s Baby Booming Bombers and Bongites Must Agree That Our Babies Will Not Be Burdened by our Budget Battle!

With a country whose budget is not sustainable, responsible citizens would and should have a national debate about the level of entitlements, social services and military that we will have. When 43 cents of every dollar spent by the U.S. government is borrowed, we know that we are increasing the burden of taxpayers who will later replace us in the national debt repayment cycle. Yet are we really going to continue to argue about cutting spending?

With both our WWII vets and flower children of the 70’s arguing about the right direction for the country, neither could gain an extremist lead in Congress so instead of compromise, both stomped their feet for more military, and more socialism, and more freedom from our own debts. Certainly we knew our parents had spent a few years out of WWII making up for lost time and had achieved as a result a glorious human bubble of baby boomers clogging the political system and speeding down the pipeline toward retirement. Yet did we plan for such drains on the entitlement system? No!

Instead, we decided that we wanted what we wanted when we wanted it, including too high a level of socialism and imperialism combined. We reduced our population growth claiming it was over our concern for how the earth’s environment would fare around the time that our replacement taxpayers would begin drudgingly repaying our debts, yet we really knew that it was so we could pursue our higher level of consciousness, and of course “living in the moment man” without planning an exit strategy.

So, I am afraid my comrades that we must join our brethren from Europe and rip the red bands from our socialist arms because we binged on heady levels that would kill a purist Libertarian who had not been tripping along with us for the past three decades. And for those who want to police the world without paying the cost of intercontinental squad cars, we must adjust our world views to the size of our pocket books lest we are left without the ability to defend even our own shores.

p.s. I made up the word bongite…refers to one who uses a bong

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Filed under American Governance, American Politics, Federal Budget, social trajectory, U.S. Tax Policy