How to resolve the debt crises.
Bear
Posts: 18,953 ✭✭✭
1. The Treasury bills held in National trust and pension funds will be guaranteed.
2. Since we can not lower the debt thru inflated money to a great enough extent
or fast enough without dire consequences then the following may be considered.
A world conference to balance out debt and convert a portion of National debt to
gold backed bonds. This would constitute perhaps only 33% of total debt. Gold to
be revalued and the price fixed by world agreement. A lot of Nations and investment
funds are gonna eat a lot of bad debt and the pain will be enormous. The consequences
of dealing with the debt may be even more painful.
3. The USA has the 4th lowest tax rate in the western world. At some point, along with cuts
must come tax increases. All new legislation must be paid for with revenue.
4. Sooner or later, a form of VAT tax will be coming. Depending, it may be instead of or in addition to
the Income Tax.
5. When one finds oneself in a deep hole, it is usually best to stop digging.
6. Giving companies tax breaks, when they offshore both jobs and taxes is plain silly. It is called a sandwich
where income is reported to a nation with a low tax rate and then the money is electronically sent to a second
country thru a shell corporation and the giant corporation pays a net tax of 4%. Now compare that tax rate with
your own and we can begin to see who is actually carrying the tax load.
7. Tax breaks should be given to companies, only on that portion of the business that builds, assembles and innovates
in the USA. We as a Nation can not continue to gorge on cheap products manufactured overseas, while we are not creating
enough quality jobs for our own citizens.
8. Just how low is our standard of living expected to drop in order to live in a New World Order Economy? Just how dependent
are we prepared to become for others to produce the materials and essential minerals we need for our own National security?
2. Since we can not lower the debt thru inflated money to a great enough extent
or fast enough without dire consequences then the following may be considered.
A world conference to balance out debt and convert a portion of National debt to
gold backed bonds. This would constitute perhaps only 33% of total debt. Gold to
be revalued and the price fixed by world agreement. A lot of Nations and investment
funds are gonna eat a lot of bad debt and the pain will be enormous. The consequences
of dealing with the debt may be even more painful.
3. The USA has the 4th lowest tax rate in the western world. At some point, along with cuts
must come tax increases. All new legislation must be paid for with revenue.
4. Sooner or later, a form of VAT tax will be coming. Depending, it may be instead of or in addition to
the Income Tax.
5. When one finds oneself in a deep hole, it is usually best to stop digging.
6. Giving companies tax breaks, when they offshore both jobs and taxes is plain silly. It is called a sandwich
where income is reported to a nation with a low tax rate and then the money is electronically sent to a second
country thru a shell corporation and the giant corporation pays a net tax of 4%. Now compare that tax rate with
your own and we can begin to see who is actually carrying the tax load.
7. Tax breaks should be given to companies, only on that portion of the business that builds, assembles and innovates
in the USA. We as a Nation can not continue to gorge on cheap products manufactured overseas, while we are not creating
enough quality jobs for our own citizens.
8. Just how low is our standard of living expected to drop in order to live in a New World Order Economy? Just how dependent
are we prepared to become for others to produce the materials and essential minerals we need for our own National security?
There once was a place called
Camelot
Camelot
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Comments
What if the hole is in a honey tree?
Camelot
<< <i>. When one finds oneself in a deep hole, it is usually best to stop digging
What if the hole is in a honey tree?
Um, there's no such thing as a honey tree!!!!
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<< <i>. When one finds oneself in a deep hole, it is usually best to stop digging
What if the hole is in a honey tree?
Depends on how well you get along with BEES, isn't that right bear.
1. Encourage domestic production of goods and services by eliminating most state and local licensing and other red tape. See this.
2. Sell all Federally-owned land (except national parks and government buildings) and enable this land to be put to productive uses.
3. End all federal subsidies to businesses, farms, banks, states and local governments. End all "stimulus" programs and let the free market allocate resources.
4. Eliminate the Departments of Education, Commerce, Energy and Agriculture, returning their powers to the states and people. Put all federal health and safety regulations under one roof.
5. Freeze the national debt at current levels. Fund the deficit, if necessary, with non-interest-bearing treasury notes (like the formerly circulating United States Notes). Not as scary as it looks, M3 money supply is currently about $13 trillion, cutting the annual deficit in half to $700 billion would mean an annual increase of about 5 percent.
A serious commitment to productivity, deficit reduction and *real* job growth would work wonders on the U.S. economy, as well as on other economies worldwide.
My Adolph A. Weinman signature
Just ignore it until it goes away. It otherwords, stick with the current plan................MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"What debt?" (as our currency is demonetized)
<< <i>Alternative fix:
1. Encourage domestic production of goods and services by eliminating most state and local licensing and other red tape. See this.
2. Sell all Federally-owned land (except national parks and government buildings) and enable this land to be put to productive uses.
3. End all federal subsidies to businesses, farms, banks, states and local governments. End all "stimulus" programs and let the free market allocate resources.
4. Eliminate the Departments of Education, Commerce, Energy and Agriculture, returning their powers to the states and people. Put all federal health and safety regulations under one roof.
5. Freeze the national debt at current levels. Fund the deficit, if necessary, with non-interest-bearing treasury notes (like the formerly circulating United States Notes). Not as scary as it looks, M3 money supply is currently about $13 trillion, cutting the annual deficit in half to $700 billion would mean an annual increase of about 5 percent.
A serious commitment to productivity, deficit reduction and *real* job growth would work wonders on the U.S. economy, as well as on other economies worldwide. >>
sounds good to me !
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oppressive system that maximizes profits at the expense of the workers. There must always
be a balance between the free market and a reasonable oversight regulating body.
As for not licensing professions, how in the world can reasonable standards be established, abuses
punished and incompetence removed from the profession. If one seeks uncontrolled business practice
to be self policing, you end up with cars unsafe at any speed, drugs where the side effect outweigh any
possible benefits. You have the recent economic system run into the ground world wide by greed , and wealth
at the expense of society which assumed trillions of dollars of debt and high unemployment to bail out the guilty
who received wealth on an unprecedented scale. State planning is bad, but so too ,is flaccid enforcement of critical
issues such as the healthy quality of our food supply. All things in life need balance. Would we want to eliminate the
police departments and allow law and order to be handled by the free market? Why not outsource our military to Red
Cina. I am sure they could do it cheaper and they certainly have enough soldiers to do the job.
There are no simplistic solutions to the problems that face this Nation. The problems are not due to bigger or smaller
government, rather it is a matter who our elected representative truly serve. The citizens that voted for and elected them,
or the vested interests who financed their bloated campaign war chests. We are on the verge of a Corporate state which
in its own way has a demonic and anti humanity bias. A nation is created to serve the needs of the people, and when it fails
in that task, the people have the right to replace that form of government. Unfortunately, our choices are between a Party that
has been bought and paid for and a party that has been richly rented, for a period of time. A true Hobsen's Choice.
Camelot
The free market allows workers to invest their time and money to improve their lives. An unfree market (like we have today) maximizes the power of government busybodies at the expense of everybody else. In an unfree market, regulatory bodies typically wind up doing the bidding of the major companies being regulated. How's the highly regulated banking industry working out for you?
<< As for not licensing professions, how in the world can reasonable standards be established, abuses punished and incompetence removed from the profession. If one seeks uncontrolled business practice to be self policing, you end up with cars unsafe at any speed, drugs where the side effect outweigh any possible benefits. You have the recent economic system run into the ground world wide by greed , and wealth at the expense of society which assumed trillions of dollars of debt and high unemployment to bail out the guilty who received wealth on an unprecedented scale. >>
Licensing boards are typically run by established members of a "profession" to prevent competition and innovation. They are one of the biggest job-killers in today's economy. Most every major profession is currently subject to some form of licensing, and what is the result? "Cars unsafe at any speed, drugs where the side effect outweigh any possible benefits. You have the recent economic system run into the ground world wide by greed , and wealth at the expense of society which assumed trillions of dollars of debt and high unemployment to bail out the guilty who received wealth on an unprecedented scale." So how's licensing working out for you?
<< All things in life need balance. Would we want to eliminate the police departments and allow law and order to be handled by the free market? Why not outsource our military to Red Cina. I am sure they could do it cheaper and they certainly have enough soldiers to do the job. >>
Please show me where I suggested eliminating police departments or outsourcing our military.
<< There are no simplistic solutions to the problems that face this Nation. >>
Sure there are. The suggestions in the 7th post in this thread would be a good start.
My Adolph A. Weinman signature
