site search by freefind advanced

Current Commentary

Candidates' debate
Substance over style
Financial reform must-haves
How 'little guys' are being robbed
Unemployment falls as 652,000 give up
Ban financial derivatives
Debunking the federal pension myth
Cost of inflation-free bank bailout
Answers to questions: HERE

September 2010:
..How to win in Dem territory
..Rich get richer; poor, poorer
..Ditch Dutch dirt piece
..City Paper endorses Dowlut
..Trickle down & Paul Ryan

August 2010:
..Cut payroll taxes
..No bailouts: transfer, adjust
..Let home prices fall
..Corporatism in mortages
..Japan's 1900s deflation

July 2010:
..Cut or big deficits
..70 years of tax & spend
..Robbing tomorrow
..Cut the payroll tax!

May & June 2010:
..Inflation-free bailout?
..Ross Perot's lesson
..Looming tragedy

April 2010:
March 2010:
February 2010:
January 2010:
December 2009:
November 2009:
October 2009:.
September 2009:
August 2009:
July 2009:
June 2009:
April 2009:
March 2009:
February 2009:
January 2009:
December 2008:



Detailed Action Plan to Balance the Budget and Create Jobs

Problems

• 10% unemployment as far as the eye can see.
• Deficits that are 10% of gross domestic product (GDP) and 40% of spending.
• Stagnant real wages for the last 40 years.
• We could completely eliminate every program other than defense and entitlements, and we’d still have huge deficits.

Growth Solutions

• The best way to expand payrolls is to cut the payroll tax.
• Exempt the first 100 employees from the payroll tax. 95% of all business and 40% of the work force would be exempted from an oppressive, regressive regulatory and tax burden. Revenue loss: $320B/year.
• Close the $106k earnings loop hole and revenue neutral adjust everyone’s payroll tax from 7.65% down to 3.5%.
• Encourage states to deregulate small businesses. Aside from the payroll tax, most small business regulation happens at the state level. Regulation is an anti-competitive government aid for big business.
• Replace our centrally planned predatory banking system with a free market and honest banking system. End the Fed. Return to a gold standard.

Spending Cut Solutions

• Raise full eligibility for Social Security and Medicare to 71. It’s the only solution in keeping with the original intent of Social Security. Savings: $452B/year.
• Cut defense spending to inflation adjusted Cold War levels. Savings $260/year.
• Close the federal government pay advantage over the private sector. Savings $50B/year.
• Cut contractor spending 10%. Savings $54B/year.
• Zero-based budgeting, especially on entitlements. No automatic increases; every department must justify every dollar. Savings undetermined.
• Privatize/end welfare. Replace it with a dollar-for-dollar tax credit to private charities, capped at 10% less than current welfare. Savings: $57B/year.
• Cap future spending growth at half of GDP growth.
• The result, a realistic plan to balance the budget.
• Keep it balanced with a balanced budget amendment.