Seven Point of Economic Leadership for the United States of America
By William Way
It is time for economic leadership in Washington that makes sense. The entire mental infrastructure of Washington DC has endorsed the foolish theories of Keynes. If they studied just a little bit, only a little, they would recognize that Keynes never believed that his theories would work to sustain a society. He was all about disrupting civilization. Sadly, Barack Obama is so socially challenged by never having really worked in his entire life that he believes in the silly Keynesian theories as if they were relevant to real economic problems.
The nation needs serious changes in its whole economic structure if it is to recover from the ignorant Keynesian theories of the past 65 years. New leadership is needed, not tricks used by former governors to delude the people into believing they had realistic economic plans in their states.
Here are THE seven steps necessary to fix the United States economy. Serious leaders will embrace them.
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- Stop printing money. Close the Bureau of Engraving and Printing for two years, effective January 9, 2012.
- Eliminate the Federal Reserve’s ability to manipulate the supply of money, but not necessarily to act as a central banking system.
- Establish an op-in privatized retirement system that phases in over fifteen years. Social Security ends after fifteen years (This plan assures a greater retirement benefit than a lifetime Social Security program, without injuring current retirees.
- Reinstate a commodity-based monetary system where the dollar is tied to the overall value of dedicated retirement funds.
- Offset the assault on the dollar by foreign nations and Wall Street currency speculators by stipulating that the US will repay all foreign debt only at the prevailing value of the dollar when payments are made.
- Institute a four year plan to convert to a consumption tax on all goods and services except medical expenses. This should be capped at national rate 14%.
- Shut down the IRS and transfer tax collection and disbursement duties to the states, which are already doing the work.
Fear mongers and socialistic minded candidates will declare it won’t work. That is fear tactics intended to deceive voters into maintaining a failed system.
The future of America’s and the world’s economy rest on these actions. Anything less will inevitably lead to economic collapse worldwide. When a nation’s economy fails all security within that nation fails also.
The time for leadership is NOW!
I approve of most of your plan here Will, nice job. Question: What about the vaunted far tax proposals floating around today/ Herman Cain has his 999 plan, which sounds good at the insert but there is a lot left to be explained in it. Many economists say a fair tax of about an effective 26% on consumption, and dropping the income tax altogether would be the way to go. I do believe a true fair tax plan without any budgetary gimmickry, loopholes or political chicanery written into would be the way to go. Could we ever expect that to pass through Congress currently? Not a snowballs chance in hell. Maybe after taking the Senate, White House and installing about 60 more true conservatives into the House would allow it to happen in 2013.
DJ- Almost every “fair tax” proposal on the table implies continuation of current federal projects and operations Under my plan It is implied (actually stated) that massive federal government reductions would occur. Hence that is how I believe the Federal government could operate on 14% rate. Obviously, I believe this is reasonable.
Thanks for your comment
Should read FAIR TAX at beginning.
Hi Bill,
Thank you for clearing that up Bill. I agree there is simply NO WAY we can remain solvent with the current explosion of big government expansion. Just some random thoughts on cutting down our government :
I,m thinking, drop ALL redundant fed programs, as there are thousands of them first. Abolish the EPA right off the bat as they prove themselves to be a complete as to their mission statement when they created that farce of an agency. THEN give all depts 90 days to cut 40% of their redundant, do-nothing employees. ( After new agency heads are installed, real managers, NOT Liberal activists like L Jackson at EPA) ALL subsidies to be phased out in 3 years. No exceptions. Then attack the WASTE, such as 150 employees in same building EACH having a separate printer because they are too lazy to walk 20 feet to a printer. 1 printer per floor per 30,000 sq feet of office space.
I have never had a job where the company paid for my travel to work, gas, food, coffee, $16.00 muffins, tolls, globetrotting worldwide vacations disguised as business, like studying billboards that LaHood’s transportation dept. was caught doing this year, etc. All of that stops immediately. Install retired CPA’s and forensic accountants into the SSI admin. dept to do nothing but check for fake SSI numbers, weed out the disability fraudsters and Medicare rip-off artists, just for a start. Abolish the Dept of Education completely.Give the States block grants and let them ensure the best education policies. Install work for welfare program across the nation. If states want to explode taxpayers electric bills by mandating solar like in New Hampshire, they will fund it themselves and their taxpayers will pay the toll, not federal dollars from other states.Maybe the N/H voters will install some conservatives into office after they see their electric bills tripled.
It doesn’t take 500 politicians and 150,000 aids and political appointees to reduce government deficits, just a little common sense.
^ complete failure in EPA statement.