Debt problem? Well, this is pretty easy. Stop spending so much dadgum money, and quit committing to spending so much dadgum money in the future. The problem goes away very easily following this simple strategy. Want to solve this problem? Great, let's get to work:
ObamaCare...gone. I just saved us well over a $ 1 trillion dollars over the next 10 years.
Cut funding for Iraq and Afghanistan by 50% by the end of the coming fiscal year, and then by 75% the following year. Lybia, not spending another dime bombing Lybia. I might let New York ship their garbage over there an dump it in Moammar's front lawn, but that should be revenue neutral. Hell, given what those trendy Manhattanites throw away, I might be able to sell that junk and turn Moammar's lawn into a revenue center. New Yorks' junk is Lybia's trasure. I just saved another trillion plus over the next 10years.
Raise Social Security age by 2 years for anyone under 55 and index all future increases to inflation. Boom, just saved another trillion plus.
I haven't even started on Medicare and Medicaid yet. I guarantee there is trillion of saving is each program over the next ten years, minimum.
Subsidies for Ethanol...over. Really easy one there, I saved billions, lowered food prices, and cleaned up the environment in one swoop. Feeling hot today, so let's keep going.
In 5 minutes, I have cut spending by well over 7 trillion dollars, probably even more.
Need more revenue? Done. I am cutting the corporate tax to 10% and wiping out the loopholes, so now every profitable business is paying into the coffers no matter how much they pay their tax attorney...in fact they can probably put those folks to work creating value for the stock holders instead of figuring out how to sidestep paying taxes. Guess what else? Those trillions of profits trapped over seas because no rational business person would repatriate them at 65 cents on the dollar, all those bucks just came home to momma and are driving net new investments in the domestic private sector.
BTW, since the doom of ObamaCare is now gone and business knows what it will cost to hire new employees, unemployment is getting ready to drop...driving up tax receipts and driving down billions in federal aid to unemployed families.
If the CBO would score me on this, I am thinking over 10 years just saved at least 8-10 trillion in spending and drove tax revenues through the roof with robust economic growth, and I did all this for free. Once again, simple problems made very difficult by our geniuses in Washington.
I'd like to have those ninnies who write for Salon and The Daily Kos try to come up with a better plan. After they finished complimenting each other on how smart they are, admiring the new ripped up t-shirt collection, and cursing former president Bush, I am pretty sure they would settle on a plan to raise taxes on those mean "rich" people who buy things, hire people, and provide capital for markets that need it. Corporate jets would not only lose their tax breaks, I am pretty sure they would be banned...except the ones that Al Gore, Jane Fonda, and George Soros use. I am guessing oil would be taxed more, so we would have less of it. That's helpful.I am pretty sure we would spend more money we don't have on green energy projects that don't work. When green energy is ready, I am pretty sure the capitalists left in this country will figure out how to make a killing by making it affordable and accessible to the masses. If Washington provides it through subsidies, it will be as successful as ethanol. 'nuff said.
We have 300M people in the United States. Is everyone going to love my plan? Nope. But I am not trying to make everyone love me, I am trying to solve the problem. Maybe that's where things go awry in Washington. If Obama was as freaking smart as he thinks he is and as his minions on MSNBC tell us he is, you'd think he could figure this out on his own. That Ivy league diploma is losing a little bit of its shine.
Well, that didn't take very long. You can thank me later.
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