some possible economic ideas.

I have been thinking about some interesting ideas about the economy. I have a few ideas. Here they are.



The attack is three fold
First: stop the bleeding of finances.
Second: restructure the system
Third: bring an influx of finances back into the system in an effort to bring about a budget surplus. This budget surplus should go to deflating the debt. At least a portion of it.

We start by doing an across the board stop for all spending. All. Everything. This is possible. I refer back to the nineties when the government actually did shut down at the hands of the republican congress under Newt Gingrich. It forced the democrats to comply and take the republicans seriously. And the net result was a balanced budget for the first time since who knows when. Even if the dems take credit for it because of Clinton.


Take a few weeks at most and go through the budget and seriously gut it. Cut all the spending that is redundant or unnecessary. People are going to hate it. But only the people that stand to loose there ability to take advantage of a lax system.
From here you can start the necessary spending once again but with a proviso. The proviso is each and every department will submit a budget of streamlined and cost effective restructuring to become the most efficient that they can be.


I feel that an independent group of business person’s should be the oversight of this process. And not be in contact with the congress or the various departments. This would alleviate favoritism of one or more expenditures that might be kept that should go.


We continue with a ten percent across the board pay reduction for every last federal employee. This could be temporary over a period of time to be restored later. Every cut should be enacted regardless of how small. Ie. Going paperless, ending all expense accounts. Outsourcing an internal job to a competitive bidding war designed to bring in the lowest cost per project.
A new priority should be established, preventative maintenance is cheaper than waiting for it to break. Giving funding to infrastructure and civic vital services, ie fixing traffic lights, sewer maintenance etc, is more cost effective in the long term. However this may have to be judiciously dolled out in the beginning.

A serious reduction of inflated returns on pensions should be done. A complete overhaul with regard to health benefits that are funded by the government in the realm of state and federal employees should be not looked at but done. Let them get other plans or pay a fair premium not subsidized by the government. Let them pay for there own care.


Drop the sales, corporate, income and all taxes by at least 25%. Where possible. Especially the corporate tax on businesses. All not just large or small but all businesses.

My favorite idea would be the reinstitution of the bond. In world war two the american people were greatly encouraged to by war bonds. The money was used to fight the war with Germany. A payable return was given based on a percentage. I think allowing businesses and individuals the ability to purchase bonds would bring an immediate influx with a pre determined point of maturity to each bond.
It should be noted that after about one year we should begin to save to repay those bonds based upon a projected cost for the whole of bonds sold over say ten or twenty years at 3 - 6% interest.
Give tax credits to all business that hire. But serious tax credits that allow the hiring to be worth while. A ten percent tax based on the employees yearly salary.
Also tax breaks to companies and a reduction of trade tariffs to companies that produce exportable goods.
From the Us to other counties.
These are just some ideas that if implemented could possibly go a long way in restoring our economy and job situation.