Friday, January 11, 2008

United States Economic Policy

The economic policy of the United States is in need of complete overhaul. Some of our politicians state that they would change one part or another of our economic policy, such as reducing taxes or changing Social Security. What we really need to do is to make sweeping changes in the fundamental ways that our government is allowed to spend finances. Here are some key elements of finance that our government needs to understand.
  • Do not spend more than you make.
  • Do not buy on credit what you can pay cash for.
  • Save at least 10% of what you make.

The government had a budget suplus of $235.2 billion in 2000. Now in '08 we have a $8,919 trillion dollar deficit. That is $47,000 per every adult in the US.

Action plan to reduce the deficit starting in 2008.

  • Cut out all foreign aid (Yes, I can hear those who say that we need to support Israel and Pakistan already).
  • Cut social security for all illegal immigrants. Illegal immigrants are taking money away from citizens who have earned them.
  • Cut welfare for all illegal immigrants. They did not earn the benefit so do not give it to them.
  • End the policy of automatic citizenship if you are born in the United States. Illegal immigrants who come here to have their children born here should not be rewarded for breaking our laws.
  • Bring our military home, close all bases and sell them back to the countries where they are located.
  • Increase national oil production.
  • Secure our borders and ship all illegal immigrants across the border to Mexico.
  • Withdraw from NAFTA. Save our jobs rather than having them go out of the country and the big businesses keep their profits when they try to resell their products to those people who have since lost their jobs to the foreign workers.

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