How I Would Eliminate the Deficit (Ron Paul, unemployment, Congress, Iraq)

[BLAZER PROPHET]

Liberals say we wantd more and more money for a socialist state. Conservatives want more and more money for a military state. BUT, we have an unbelievable deficit.

What's a country to do?

Here's my recipie.

First, I would have a 3% national sales tax for all people & businesses for all product bought and sold. It would be 100% dedicated to the national debt. When the debt was paid off (about 6 years), of the money currently used to make interest payments on our national debt, 50% goes back to the taxpayers and the other 50% remains in the national budget as it becomes surplus money rather than liberal tax increases against the poor & middle class. Then, I would hope there to be a very strict law forcing us to adhere to a balanced budget except in times of war and also allows for the country to save some money if there is some left over to save (or maybe within the laws, a mandatory savings of 1-2% for times of war and/or economic hard times).

I believe that if the national government can become solvent it will open doors to use our money in ways that is more accountable.

[ViewFromThePeak]

Originally Posted by BLAZER PROPHET

Liberals say we wantd more and more money for a socialist state. Conservatives want more and more money for a military state. BUT, we have an unbelievable deficit.

What's a country to do?

Here's my recipie.

First, I would have a 3% national sales tax for all people & businesses for all product bought and sold. It would be 100% dedicated to the national debt. When the debt was paid off (about 6 years), of the money currently used to make interest payments on our national debt, 50% goes back to the taxpayers and the other 50% remains in the national budget as it becomes surplus money rather than liberal tax increases against the poor & middle class. Then, I would hope there to be a very strict law forcing us to adhere to a balanced budget except in times of war and also allows for the country to save some money if there is some left over to save (or maybe within the laws, a mandatory savings of 1-2% for times of war and/or economic hard times).

I believe that if the national government can become solvent it will open doors to use our money in ways that is more accountable.

Gold standard.

[DasNootz]

If you broke the current national debt (9.3 Trillion +/-) over the total known population (300 Million), you come out around $30,000 per citizen. And since the debt is rising by about 1.3 billion +/- per day, the average citizen would have to spend $144/day on consumer goods just to keep up with the debt, let alone pay it down. My gut says that 3% isn't going to be enough... and the economy would surely suffer in the short term by taking that money out of circulation.

I think the first step may be passing a balanced budget amendment, so we can at least slow the bleeding.

At some point we're either going to have to make drastic cuts in spending or make drastic increases in taxes. I don't see another way. SS and Medicare alone can drown us in the foreseeable future.

[evilnewbie]

The problem with your thinking is that when there is a surplus, Congress won't do "something" to use up that surplus... Halliburton anyone?

[El Camino]

We should bring home all the troops from bases in Germany, Japan, S. Korea, ect. Then have them patrol our borders. This should save us alot of money. Getting rid of the Federal Reserve and going back to the gold standard wouldn't hurt either.

[Floridabound09]

Just tax the rich more so them and their corporate buddies will lay us all off and close the doors.

We need jobs, we need the welfare freeloaders to pay into the tax base and we need to stop worrying about spending money on the military and start watching the freebies we give out to people who wont work.

Fair tax for me. The successful person shouldnt pay anything different then the unsuccessful person. Dont know the amount or way but it has to be fair to everyone and not give any advantage to anyone based on income.

[The Dissenter]

1. Bring troops home from Iraq.
2. NO services or aid to illegal immigrants. Seize all their assets.
3. 70% tax for people making $7 million or more a year. NO EXCEPTIONS.
4. 80% tax on big oil.
5. Force other countries to pay for non-esstential military help from us.

[ViewFromThePeak]

Originally Posted by Alanboy395

1. Bring troops home from Iraq.

Agreed.

2. NO services or aid to illegal immigrants. Seize all their assets.

Agreed.

Send welfare recipient to California to pick fruit Grapes of Wrath style. Pick or starve.

3. 70% tax for people making $7 million or more a year. NO EXCEPTIONS.

Now that the phony consumer economy is ending and we desperately need a manufacturing revival for trade, you want to heavily tax entrepeneurs to build factories?


YouTube - 2/25/2008- Part 2 Ron Paul Advisor Peter Schiff On Cavuto

From 0:35 to 1:25.

4. 80% tax on big oil.

Do Australians overly tax their lucrative mining industry? No. What about massive taxes for Canadian energy trusts? Nope. In the latter case, the shareholders rather than the CEO earn a hefty dividend for their investment risk and there's a direct incentive not to heavily tax them.

Should we be MORE socialist than Aus or Can?

Also the profit MARGIN is only 10%, less than Budweiser.

5. Force other countries to pay for non-esstential military help from us.

Agreed.

[LM1]

Originally Posted by Alanboy395

1. Bring troops home from Iraq.

Yep

2. NO services or aid to illegal immigrants. Seize all their assets.

Yep (except for maybe seize all their assets)

3. 70% tax for people making $7 million or more a year. NO EXCEPTIONS.

Nope.

4. 80% tax on big oil.

Gee... I wonder what would happen if we taxed "big oil" into oblivion... Hmmm... Lemme break out my calculator and see if I can't cipher this problem in advance

Here's a hint.
"Big Oil" are the people who produce oil, not the ones who wind up selling it when you put it in your gas tank or home heater. They're the ones who pull it out of the ground. All of those "record profits" that they make aren't going from your pocket into theirs. They're coming from the commodities brokers who pay them exorbitant sums of money for their oil on 'speculation', and in turn wind up screwing you at the pump.
Show me someone blathering about "big oil" and I'll show you someone with a conception of our economic markets sub-par to any given Japanese 5th grader.

5. Force other countries to pay for non-esstential military help from us.

How about NO "non essential military help from us".
Would that be better? That's what I'm in favor of.
No more worlds babysitter.

Crapistan wants to go to war with Turdville?
Have fun.
The Chumanga tribe is killing all the Bawalalas?
Oh well. Lucky I'm not a Bawalala. Glad I'm not paying for any of that mess.
Israel needs some new jets, tanks or rifles?
There's plenty of "Israeli partisans" on Wall Street with hundreds of billions of dollars at their disposal who could pony up and support their own narrow causes, rather than making us all do it for them.

[truthhurts]

Originally Posted by Floridabound09

Just tax the rich more so them and their corporate buddies will lay us all off and close the doors.

We need jobs, we need the welfare freeloaders to pay into the tax base and we need to stop worrying about spending money on the military and start watching the freebies we give out to people who wont work.

Fair tax for me. The successful person shouldnt pay anything different then the unsuccessful person. Dont know the amount or way but it has to be fair to everyone and not give any advantage to anyone based on income.

Definitely going to have to disagree with the thought on this one!! Here are all the people that you are complaining about

Welfare Participants (we spend less than 15 billion in transfer payments on)
Unemployment Benefits (we spend less than a few billion on)

Are you seriously this delusional, that you're so wound up in a tizzy over people that we spend a combined 17 billion on? (Yes, I agree I seriously dislike those that do not work, but they are 10% of this country and only half of them go on welfare)

The people you should be complaining about who are

Medicare (More than 100 billion in transfer payments)
Medicaid (More than 100 billion in transfer payments)
Social Security (More than 100 billion in transfer payments)

The Impact of the Welfare State on the American Economy (http://www.house.gov/jec/welstate/vg-1/vg-1.htm - broken link)

These are the transfer programs you should be asking government to remove first! They are costing us tons of money and should not be provided to people under no circumstance. If we eliminate these i'm sure those 5% of welfare bandits will get the hint we are serious about ending entitlement programs!!!

I never notice a tax directly allocated for "Welfare Mothers" on my check stubs every month, but I do have one for Social Security and State Medical Expenses for elderly people that were tooo dam lazy to save their money!~

If you do not believe in taking care of people it should go for all people! I frankly do not believe in taken care of others who do not work or make poor decisions. I do not make special exceptions for anyone! (Note. i'm not saying there should not be a few safety nets provided by government here and there, but they shouldn't cost the American tax payers an arm and a leg)