August 5, 2009
- Stop the stimulus by putting a freeze on spending towards any projects that have not yet begun
- Halt the Cash-for-Clunkers program
- Cancel the vote on the Health Care bill (probably going to happen)
- Cancel the vote on Cap-and-Trade (hopefully going to happen)
- Loosen manufacturing, energy, and environmental regulations (even just a little bit)
- Lower the corporate tax rate (even just a little bit)
- Introduce tort reform (loser pays+damages cap) as a first step in health care reform
- All this to Freeze the Deficit, Save the Country, and watch an Explosion of Growth
Yes, it’s a dream. But the opposite would be/is a recipe for disaster. Priority One is getting out of debt. We thought dependence on foreign oil was bad, but dependence on foreign funding is much more sinister in a drug-addicted junkie sort of way–sheepishly asking our friends around the world for just a little more money, if only to make it through the next couple of months. How many times can we keep going to that well? China has won the first battle between the 21st century superpowers without firing a weapon, but by merely lending us money. Is it merely chance that our post-WWII economic growth coincided with our rise to superpower status? Or, is it merely chance that the USSR’s fall coincided with their economic downfall? No, economic prowess and world standing go hand-in-hand.
Are we so blind as to not see the economic wasteland that is much of Europe? Can we not trace the roots to their socialist and quasi-socialist government programs that have disincentivized whole working populations and spurned inventive business practice? How can anyone can believe that a government program can “pay for itself,” as Obama has said about gov’t-controlled health care? You are adding new spending–the money has to come from somewhere. There is only one solution: Tax Everyone. Yes, even the poor and destitute are taxed now and will have their taxes increased even more through a VAT (currently being surreptitiously floated by the administration) or hidden consumption taxes (many already in place on things like alcohol, cigs, gasoline, etc.)
My solution–and I would like to hear it echoed all over the blogosphere, talk shows, town halls, and Congress’s voicemail–calls for a simple first step:
STOP THE STIMULUS!
STOP THE STIMULUS!
STOP THE STIMULUS!
It’s an excellent place to start. Let’s make the US look attractive to investors once more.
Of course, I may just have absolutely no idea of what I’m talking about.
update: When I wrote this last night, I was a little worked up over the inanity and waste of the Cash-for-Clunkers program which is being viewed as this great success. In my rush, I definitely left out a few things that also need to be changed in order to halt the deficit for years to come. Number one on the list is Social Security. If anything would affect our yearly deficits and overall national debt more than SS, I don’t know what it is. It is the proverbial frog being boiled to death in a pot of water that slowly heats up from a refreshingly cool temperature, much as SS was a relief to those in and coming out of the great depression. Thankfully, Americans seem to be a little better informed about health care and other recent proposals (with hindsight as a weapon), and the immediacy of the programs calls for immediate action and opposition. The water in the pot is already uncomfortably warm.
Other things obviously include our current gov’t run health programs in Medicaid/Medicare. And the tax code could use a massive overhaul. The list could go on and on, but sometimes you have to stop the car (in this case by stopping some of the current proposals in spending) before you can turn it around. Actually, unless my logic fails me, you always have to stop the car before you can turn it around!