Policy Course Corrections Which Can Help Save the
American Economy
090217
The problem with economics is that it is somewhat complex. Talking
about the economy without seeing a flow chart is somewhat like trying to explain the circulatory system within each of us
without a diagram.
In any event, this is our own analysis of the situation and the solutions needed to remedy
the situation. First, let us list the course corrections needed and then delve
into the problems themselves.
1]Balance the federal budget in order to restore confidence in dollar.
2]Reduce taxes on all those
making less than 100K/yr to zilch, zero, nada.
3]Raise taxes on the wealthiest 1% of Americans to whatever is needed to balance the budget. [The
tax shouldn’t be bracketed according to annual “income”, but rather net worth.]
4] Ensure anyone facing a
foreclosure over the past and the next few years, due to the predatory lending practices which created the housing bubble
in the first place, does not lose their home. To quote one of our three favorite economists
“The bailout money, instead of being given to favored financial institutions
to finance their acquisition of other institutions, should be used to refinance the defaulting mortgages. This would slow,
if not stop, the growing inventory of foreclosed properties that is driving down home prices.” -Paul Craig Roberts, Reagan’s Assistant Secretary of the Treasury
5]Any stimulus within a balanced
budget should be aimed at bridges and other essential infrastructure remedies needed.
There’s only problem with
having these solutions made policy course corrections. Our leaders aren’t
the sharpest tools in the shed. America, neither the Republicans nor Democrats
are worth the salt in their blood. There is a hard fact many of you do
not want to accept; both parties, as well as the media, are owned and operated by essentially the wealthiest families in this
country. Five men own and operate for the most part 90%+
of all the information outlets in this nation.
This nation's problem is that all too many of you have been too trusting. “Eternal
vigilence is the price of liberty.”, a wise man once said and it’s sad to think of how few of you know whom that
quote comes from.
You have not been vigilant.
You have trusted the people who own and operate the show behind the scenes.
We’ve had a stimulus package
the last 8 years. Bush hit the accelerator and so did Greenspan. We should have had 10% growth with stimulus they
gave us ......., unfortunately most of the money went to the SCUM who control Bush and Congress' strings.
Unfortunately, at the same time, the economy does need some sort of “stimulus”
to keep demand propped up and insure the economy does not implode. These two needs are regrettably seemingly in contradiction to one another.
As we see it, the first policy
course correction would be to remove all of those making less than 100,000/year off the income tax rolls. This is for the most part everyone. This insures that those
who need money the most will have the maximum amount they need.
At the same time we would
recommend raising the income tax on the wealthiest one percent of Americans to whatever it takes to balance the budget. The wealthiest one percent of Americans own over 42% of this nations’ wealth. To be in this bracket one needs to have a net worth of over 3.7 million. On average these individuals have over 10 million in assets. Seeing as how the deficits of the last eight years were
created for the most part because of Bush’s tax cuts to these people, “his base”, the budget should be balanced on their bank accounts.
The problem with this “Robin Hood” tax
plan is that simply talking about it shortens ones lifespan. No kidding.
Yet, it is the sanest
way to save what is left of this nation’s economy.
In order to cut some of the nation’s expenses, we should perhaps follow the advice
of Ron Paul and Ralph Nader and return to the foreign policy of the founders.
If we were to bring home all troops worldwide, expenses would be cut ____ billion/year.
If the wealthiest one percent wish to have a worldwie empire …. They can pay for it.
ASIDE: I read the columns
of three economists regularly to keep abreast of economic reality. They are Dean
Baker, Paul Craig Roberts and Mike Whitney. I would suggest you begin reading their work if you have
any interest in the economy. I simply do not have the time to be the kind of “number crunchers” these individuals are. All three of them were against the bailout which occurred
last year since it is essentially socialism for the wealthiest individuals of society and at the same time rewards those who
created the disaster in the first place.
Unfortunately, even though all three
saw the coming economic disaster unfolding thanks to Greenspan's and Bush’s braindead and inept policies, they are not
in complete agreement with one another as to the prognosis of our nation’s economic problems at this point in spacetime. I would hope they would have a debate with one another and come to an agreement
on what is to be done.
Was Ron Paul the Greenest Candidate
Running for President?
IN
THE NEWS!!!!!!!
For Gulf War Veterans, the worst may be yet to come.
Revolt of the Generals. Honor is as Honor does.
If you close your eyes it may go away.
March, the 21st of, Freya,
Well,..... it's a shame none
of the top-tier candidates campaigning to be our next Commander in Chief realize the economic, moral, and legal arguments
for ending the wars.
1] Most importantly, for those of you lost in your own little world, ….
our nation' currency will be worth about as much as the paper it is printed on if we continue to hemorrhage red ink.
Three TRILLION has been added to the national debt since 2001. That's essentially why the "smart" money
has already fled from the once "Almighty" dollar
2]I The “war on terror” is in actuality a war on our freedom.
The "patriot" act is anything but patriotic. It's actually an Orwellian anachronism for the Soviet-style Surveillance
Act. They can now officially kick down your door in the middle of the night, take you to the gulag, and erase you just for pressing the Independent Thought Alarm more often than not.
