This article proposes steps to fix our economy through changes in FICA taxes, an executive order, and infrastructure investments, selling National Debt Bonds and creating a National Debt Federal Lottery. The FICA fix, National Debt Bonds and the National Debt Federal Lottery will pump money into our economy we can use to create jobs and fix our infrastructure while expanding our tax-base. My hope is to give us some ideas to ponder and start a conversation outside of Congress, which seems unable or unwilling to find solutions that don’t include class warfare or just positioning for the next election. It seems if any solutions to our problems are to arise they are going to have to come from outside of Congress. The Constitution states the power resides in the people, so it looks like we the people will have to grab the bull by the tail and face the situation; create our own solutions and stuff it down the throat of Congress through voting and the right to assemble to make our grievances known. Ponder these solutions; if you agree let Congress know. If you don’t agree make changes or state your own solutions that we can all ponder, but please don’t wait for Congress which created these problems by putting their Aristocracy and hunger for power before America’s well-being.
1. Reduce FICA taxes from 7.65% to 5%; get rid of the $106,000.00 ceiling; lower the retirement age to 64; means test recipients; lock the Social Security box and prevent the Government from borrowing from that locked box until it’s solvent for one hundred years continually. Lowering the rate to 5% will give every American worker an immediate 2.65% raise and lower employers matching by 2.65%. This immediately puts money into our economy two ways; Americans have more to spend and American employers have more money to hire or invest. I can hear the cries of socialism from our politicians and from those that have no idea what socialism means. It’s a cry intended to divide and conquer us or scare us into fighting one another. Socialism is the Government controlling the means of production and the distribution of wealth, which means there is some socialism in all Governments, just look at your taxes, Government contracts and International Treaties. I guess socialism is fine and dandy for mega-corporations, Wall Street and bankers when it’s our taxes footing the bill and fixing their self-made mess. But the middle class doesn’t get any of that socialist help from the private sector. Let them eat freedom cake. Congress wants to fix Social Security by increasing the retirement age and lowering benefits or by getting rid of Social Security entirely. That’s not a solution, that’s slavery. Politicians will tell you that people live longer so increasing the retirement age makes sense. I say if people live longer, lower the retirement age to 64 and at that age workers stop paying the 5% FICA taxes. Give it to them on the back-end when they’ll need more money to live and pay expenses. Can you imagine the money that will pour into our economy from just this one fix? A company with a million dollar payroll will save $26,500.00. A worker making $30,000 a year will save $795.00 a year. It doesn’t sound like much and it isn’t, it’s only $66.25 a month or $16.50 a week. In today’s economy most people will pay a bill, buy extra groceries, four gallons of gas or a pizza. But this is money that goes right back into our economy, about one and a half billion per week. Think of how much money small businesses will save; those who have to match their own FICA taxes will save 5.3%. Large employers like Walmart, McDonald’s, UPS and those with hundreds of thousands of employees will save millions of dollars a year, including the Federal Government. Means testing is probably the biggest problem because it sounds so anti-American. You mean I pay in to Social Security for 40 or 45 years and get nothing back. You get it on the back-end. If you live to 75 or 85 that’s 11 to 21 years of not paying the 5% and most people make more money after they turn 50 years old or later. Plus it’s the patriotic thing to do to save our country and help the next generation. Remember; ask not what your country can do for you but what you can do for your country. It isn’t socialism to preserve our form of Government and it isn’t terrorism to criticize or try to fix what’s broke. It might be justice to have the people who broke it, pay to fix it, but that’s another solution for another day.
2. This fix is so simple and quick that all we need is a President with a spine. The President can do this with a stroke of his or her pen without any input from a stalemated, do-nothing, juvenile-twisted, baby-bickering Congress. As the executive of the Federal Government the President should sign an executive order telling every Federal agency that including but not limited to every pencil, pen, desk, chair, carpet, computer, roll of toilet paper, bullet, bomb, gun, tank, car, airplane or ship that they buy must be 100% manufactured in the United States. We can’t do it overnight, but within 60 to 90 days the President can have a report on his or her desk stating what can be U.S. bought immediately and aim for buying only American at 25% per year per agency until all agencies reach 100% in four years. Can you imagine all the start-up businesses and job creation? Foreign companies will have to build factories on American soil and hire American workers. This has to be 100% USA made, no skipping around the executive order by shipping parts here from overseas and assembling it here and calling it ‘Made in the USA’. Think of the steel factories coming back, the rail and shipyards coming back. This one fix will be long-term and last for generations, if the best Congress that foreign money can buy doesn’t screw it up. I guess we will not only need a President with a spine but an American voter that isn’t swayed by emotional issues used to divide us and keeping us hyphenated-Americans until we believe there’s no hope. Remember, we can always rebuild our country, other generations have done it before us, but getting back the rights and power given to us by our Constitution after we take it from one another will be much harder. Vote, write, call, email, snail mail, Fax and visit your Congressperson until your neighbor is fully represented or replace the bums.
3. This step takes a kind of courage you won’t find in politicians who only look toward the next election and their own lobbyist filled deep pockets. We need to invest in our infrastructure and create jobs that will expand the tax base. We can create jobs by fixing our railways so that goods can move to central hubs and then trucked to its destination. We can save fuel without destroying the trucking industry. We can produce steel for railways and shipping. Just think how much cheaper it is to move goods by rail. We’ll still need truckers to move the goods from a central hub to its final destination, so truckers will not lose jobs; they’ll save on fuel; and be home with their families at night. Our waterways will need ships, seamen, sea-women, and dock-workers. That’s a lot of steel and jobs which can be the beginning of bringing manufacturing back to the USA, along with fix number two, all for half the cost or less of the wars we’re now fighting. Historical evidence tells us we need to put this country back to work and to do that we must spend money and increase investments. The last stimulus package wasn’t nearly enough to do the job. We tried to fix a 15 trillion dollar economy with less than a 6% stimulus that went to the people who fraudulently and criminally broke our economy and never came to justice. The stimulus we need now should be at least 15% of our total economy and it should go to the individual states by population, two thousand dollars for each person in every state to fix our highways, bridges, tunnels and power grid. The money won’t go directly to the state or its people in a lump sum. The Federal Government will pay for the infrastructure improvements and treason laws will ensure honesty. There are three hundred and thirty million people in the United States and going by population this stimulus will cost six hundred and sixty billion dollars, less than the last stimulus cost and going to the right people to do the right thing. To help pay for this stimulus we can ask the bankers who got the last stimulus to pay us back with interest. States with a million people will get two billion dollars, states with five million people will get ten billion dollars and states with twenty million will get forty billion dollars and so on. How many bridges, highways and tunnels can Rhode Island fix with two billion dollars? There will be jobs for many years. What about Wisconsin, Minnesota and Colorado, what can they do with ten billion dollars? And how about our larger state populations like California, Texas and New York, what can they do for jobs and the infrastructure with forty or forty-five billion dollars? How much politicking and corruption will there be in this system if all the principal players are constrained by treason laws? I don’t know, but I’d sure like to give it a shot and see. Of course with this step we will need a strong whistle-blower law which means Congress will have its say, so I guess it’s all a pipe dream. This step is bold and daring so we will have to force the cowardly hearts of Congress to comply because now that money is free speech the guy with a hundred dollars has more free speech than the guy with one dollar; and these fixes will cost more than a trillion dollars. How much free speech can you buy with a trillion dollars?
4. Sell war bonds like we did in WWII and hold a yearly Federal lottery, all for the purpose of paying the National debt. We’ll call the bonds National Debt Bonds and sell them in $5.00 increments and their only use by law will be to pay the National debt. You’ll be able to sell them, trade them and inherit them for a ten-year period after the National debt is paid. For those ten years you can deduct them from your taxes dollar for dollar at 10% per year, and they’ll still be sell-able, trade-able and inheritable. Buy more bonds and have more chances to win. On December 1st of each year we will randomly pick three groups of twelve people from each state, the first twelve people who come closest to picking a randomly generated number will win one million dollars free of all Federal taxes; the next twelve closest to the random number will receive three hundred thousand tax-free and the last twelve closest to the random number will receive one hundred thousand tax-free. This will cost 840 million to pay off the winners; let’s say an even billion with the cost to run the program. If the program doesn’t create one billion dollars in any given year then the Government will take 50% plus the cost of running the program and the chosen 1800 people will split the rest equally. We can easily guarantee reaching over four billion per year by deducting five dollars from the 80 million checks the Federal Government mails out every month and automatically entering the 80 million recipients for the National Debt Federal Lottery. They will be able to sell, trade or inherit the $60.00 per year compulsorily taken from their checks. And to show good faith and leadership, we will deduct $1000.00 per month from all Congressional members, the nine Supreme Court Justices and the President, which will bring in $545,000.00 per month or $6,540,000.00 per year to the National Debt Federal Lottery, more if we add cabinet and staff members at a reduced rate. And because Congress, the Supreme Court and the President love America so much they will exclude themselves and immediate family members from any winnings, including cabinet and staff members if added. With the $5.00 from every Federal check, if just 10% of the population participates in the National Debt Federal Lottery at $5.00 per month, we should be able to bring in a minimum of over six billion dollars a year. With the cost to run the program kept under 10% by law and the payment to the winners, we should be able to pay off our National debt at four billion a year with this program alone. Add in the other three steps and the increased tax base with some other steps including tax reform and spending cuts, we will be able to pay off our National debt at about two trillion dollars a year. That means we can pay off our total National debt in less than ten years without killing the poor, plus rebuilding the middle class. Of course Congress and their deep pockets and their willingness to destroy this country for the fleeting glow of power and the greed of their souls will fight these steps with every trick at their disposal. Being that Congress makes the laws and in effect are American Royalty, above all laws, it will take an educated, strong and willful American populace to spring up from grassroots to take back our Constitutional powers and stop Congress from being part of the problem and force them to be part of the solution. There are more simple steps we can take to fix the problems our politicians in cahoots with bankers and greedy power brokers have caused this great country, but that is for another time.