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Social Security - In order to preserve social security, it will henceforth be baselined to actual longevity. All persons under age 62 will hereby have a changed retirement age. Payments shall hereafter be based on actual average national longevity (currently 79), Therefore, the minimum retirement age shall be 10 years before that time. This means early retirement age would be at 69, not 62. Full retirement would be at 73, not 66/67 and maximum payment would be set at age 76, not 70.
Federal Government Bureaucracies - all agencies not explicitly required as an enumerated power of the Federal Government are hereby eliminated (with a 7 year sunset period to shut them down and for States to establish similar services if desired). No federal regulation shall supersede language in the corresponding statute where there is ambiguity of any kind.
No bill proposed and voted on by Congress shall exceed one page, typed in size 12 font. All single page bills shall specify a CBO estimate and require a sunset date not to exceed 10 years.
No person receiving federal assistance (welfare, federal loan programs) or those employed by the Government (other than DoD) including Government contractors will be permitted to vote in Federal elections while in this status.
No federal aid shall be given (other than limited disaster relief) to any foreign country.
Trade tariffs shall be established as necessary for the country to produce essential industrial, energy and technological domestic production capability. Other trade policies shall be adjusted to ensure a fair balance of trade with trading partners.
Legal immigration shall be encouraged but limited to persons who can prove they possess the specific technical labor skills determined by actual labor shortfalls. Illegal immigration shall be eliminated and illegal aliens removed from the country. Border protection shall be increased.
I let the taxpayer/govt control the money supply. They make as much as it needs to do whatever it wants, and can destroy/tax it out as much as it needs to. Taxpayer/Govt does not need to owe anyone a debt for doing this. There will never be a deficit.
Inflation is a tax, too. Your proposal to monetize the debt steals from every paycheck, by reducing the purchasing power of every dollar you earn.
Step one: line item veto for the budget. Stop all the pork barrel projects that get tacked on.
It is like balancing the household budget. You don't lop off the big expenses, you go through and trim out all of the little expenses that are not really necessary. There is plenty of expense in the federal budget that is not necessary and a lot of expenses that are duplicates.
Spend the money to dig out and prosecute medicare and welfare frauds. it's a big expense as a lump sum but the savings every year are quite substantial and if the government prosecutes then that cuts down substantially on the folks who want to commit fraud, knowing that the government will never notice nor do anything about it.
If the tax code could be enforced, we'd have had a more or less balanced budget at pre-covid spending levels. The problem we have is a tax code that's way too complex, and there are too many taxpayers to audit. Lots of people cheat because they know the odds of getting caught are nil. Some even cheat "bigly".
Trimming bloated federal agencies is certainly a good idea, but this won't put much of a dent in the deficit.
Dump the income tax and implement a consumption tax. Your tax base goes from around 150M workers to 330M US consumers. Plus any foreign visitors also kick in when they make any purchase in the US. That would be around an additional 80M people. No telling how many illegals are living in the US but lets say that's another 20M. So your tax base of 150M versus 430M, almost 3 times larger in the 2nd case.
No more IRS. You keep what you earn. You volunteer to be taxed when you make purchases. We already have a lot of states that do this via the state sales tax.
America is a popular foreign tourist destination. Visit any of the national parks out west. You hear a lot of different languages spoken. And visitors spend a lot of money here. Hotels, rental cars, restaurants plus souvenirs and other entertainment purchases.
If the shift ever took place, the government would have to keep spending at current levels. But most likely they would increase spending so the benefit would be minimal unless you consider that more things could get done by jacking up projects and programs.
To me this is a no brainer.
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