Thursday, February 4, 2010

Simple Fiscal Responsibility

Simple Fiscal Responsibility

Everyone knows our country is way too far in debt, and it is getting worse by the minute. And in spite of paying our representatives and their staff a total of over 5 billion dollars a year, they seem incapable of solving the problem. Strange, since the answer has always been right in front of them.

According to the Constitution, Congress should not be paying for ANYTHING that is not of significant national value. In other words, the family dude in Idaho should not be paying taxes to build a golf course in Florida.

Fully 30% of all federal income taxes are used for non-federal use, such as grants, local bridges, schools, and the list goes on forever (Congress recently approved $100,000 for some guy to put on a PUPPET SHOW!)

So, the solution is simple, and I will list it in steps:

1) Pass a constitutional amendment making it illegal for the federal government to spend any taxpayer funds on anything that does not have significant national purpose, for the general welfare of the nation as a whole, or the national defense etc.

2) This reduces the need for 30% of all income taxes, so all federal income taxes should be reduced by 20%. The remaining 10% excess taxes the government collects would be required, BY LAW, to be applied to the national debt until paid. Once paid, the remaining 10% would also be stricken from federal income taxes.

3) Since states would now be responsible (as they should be) for all local expenditures, they can raise state taxes to garnish 15% of the 20% the people are saving on federal taxes. That extra 15% would replace lost federal funding.

4) The average taxpayer saves a total of 5% of his taxes.

There you have it:

a) A balanced federal budget, with the deficit being paid down quickly and relatively easily

b) states regain their sovereignty

c) taxpayers save 5% on taxes

d) Congressmen cannot use pork to buy their seat in the next election - they will have to EARN their seats

e) Anyone wishing to put on a puppet show must do so at their own expense

Simple. And frankly, it is already in the Constitution.

/

No comments: