Our current national debt is $9,600,828,167,354.81 as of earlier today, 14 Aug, 2008. (http://www.brillig.com/debt_clock/)

Our countries deficit is nearing $800 billion. (http://www.iie.com/research/topics/hottopic.cfm?HotTopicID=9)

The following are my plans (pretending to be the President) to fix some of our economic woes;

I've heard many right wing politicians say that they would cut income taxes and reduce "wasteful" spending. We all know that that just creates a larger deficit and adds to the growing debt. I am a right wing supporter, and so I've decided to do things differently.

$581 billion dollars was paid into Social Security last year. My plan would allow all people currently on Social Security, and anyone within 5 years of recieving Social Security to recieve those benefits for the remainder of their lives. Anyone outside of that has the option to pay into a private savings account for retirement. Within about 30 years our government will be Social Security free, and in those 30 years we will have a smaller and smaller amount that is needed to be paid.

Medicare and Medicaid got $561 billion. My plan would be to give everyone on it five years to save up and be prepared to be dropped from these health benefits. Nobody would be allowed to join in this five year period. I would create a private charity account that the citizens could donate into and distribute the money as necessary to those in need. Remember, the United States citizens donated about $300 billion to charities last year. (Before you argue about how thats not the same as our spending, read below).

Welfare should be cut altogether...immediately. That's about $362 billion all at once. Being cut. I would then open a private charity account that people could donate to. The proceeds would help financially stimulate the citizens in need of it.

I would cut education as well, it should be left up to the states to fund. That's $704.1 billion. Once again, I would open up a charity account that schools could apply to recieve help from.

That's what I would do first. No tax cuts...nothing. Just cut those programs. Cutting welfare and education saves us $1,063,000,000,000. Cutting the other two would save us massive amounts in the long run.

Our federal tax revenue was $2,256,289,716,000. We could cut $1,193,289,716,000 in income taxes. To be able to create some revenue though, I would only propose a 1 trillion dollar tax cut. ...and you though Bush made big tax cuts! That would save everyone $3273 dollars in taxes a year. (Per capita average)

I would not cut taxes for at least a fiscal year though, just to make sure that we do not incurr a Republicanesque deficit.

How's that idea? Please comment and ask questions. Fortmilldawg...bash me for being conservative. Seriously though, please respond.

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How's that idea? Please comment and ask questions

Farm subsidies? What would be your plan on that subject?

If you came up with that in less than 30 minutes I'd say good job. I think it's far more complicated than that. Honestly though, it really doesn't matter how good of an idea you have if no one that matters is truly willing to listen.

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Originally posted by QuinnJT11:

You've got my vote. I'ts to bad the real canidates don't have your courage. What else you got?

This message has been edited. Last edited by: Referee,

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Originally posted by QuinnJT11:
My Solution to an Economic Crises

What Economic Crisis? It's all in your head.

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fishtheice:
Farm subsidies? What would be your plan on that subject?

I would subsidize farming industries that; produce food yeilding crops such as corn, wheat, barley, and so on, farms that have livestock that creates food such as chicken eggs, cow milk, and so on. I'm no agricultural expert but I would subsidize almost every farm in need that doesn't grow ethanol.

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SnowDawg88:
If you came up with that in less than 30 minutes I'd say good job. I think it's far more complicated than that. Honestly though, it really doesn't matter how good of an idea you have if no one that matters is truly willing to listen.

It was about 30 minutes. Of course, I've been thinking about it for months.

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FREEZERDUDE:
You've got my vote. I'ts to bad the real canidates don't have your courage. What else you got?

What do you want to hear? I'll tell you all about whatever you want to know.

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loyalfan:
What Economic Crisis? It's all in your head.

I don't know if that was sarcastic or not. If it wasn't...where have you been? Also loyalfan, did we argue in the past? I tried to send you a PM and I was blocked. I was wondering if you were a sarcastic conservative or not because you posted a similar thing in another thread. If you did block me, tell me why. I have a bit of an anger issue that makes me say the wrong things to people. Which is probably what happened when you blocked me.

Not bad. I would go even further. I would get rid of:

federal income tax
Foreign Aid

What about the economic strain illegals place on our country? I would also stop the flow of illegals coming into this country by:
Putting the military on the border to augment the Border Patrol

Repeal the 14th Amendment (I think thats the right one)If you are illegal and give birth to a child here they will not be eligible for citizenship.

Place an insane fine on companies that hire illegals.

Besides emergency, illegals will be denied all public/government services. I believe if we take away the illegals incentive to come here they will leave on their own as well as think twice before they come. JMHO

My milestone 1000th post. It's an honor to be replying to one of my favorite board members, Victor Von Doom.

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Not bad. I would go even further. I would get rid of:

federal income tax
Foreign Aid

I can't believe that I forgot about the foreign aid spending. The manifestations in my head just didn't produce on paper. So it's official, yes, I would cut foreign aid spending. Immediately. The appropriate tax cut would also follow.

I have to disagree with eliminating the income tax. I support it's repeal in the long run, but without it we would incur even more debt. If spending continued to be cut, I would eliminate the income tax within a few years.

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What about the economic strain illegals place on our country? I would also stop the flow of illegals coming into this country by:
Putting the military on the border to augment the Border Patrol

I totally agree. I would bring the military back from the 130 countries that they are located in and put them on the border. I would also hire an Immigrant Police Force to round them up and give them two options. 1.) Citizenship 2.) Mexico

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Repeal the 14th Amendment (I think thats the right one)If you are illegal and give birth to a child here they will not be eligible for citizenship.

If one parent is a natural born citizen I have to disagree. Other than that I'm all for it.

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Place an insane fine on companies that hire illegals.

I don't advocate insane fines for this type of thing. I do think a jail sentence for the employer would do just fine though. Hence the name: illegal.

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Besides emergency, illegals will be denied all public/government services. I believe if we take away the illegals incentive to come here they will leave on their own as well as think twice before they come. JMHO

I don't think that we should have services anyway, so it wouldn't be that big of a deal. They'd have to pay for their healthcare and such.

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Originally posted by QuinnJT11:

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loyalfan:
What Economic Crisis? It's all in your head.

I don't know if that was sarcastic or not. If it wasn't...where have you been? Also loyalfan, did we argue in the past? I tried to send you a PM and I was blocked. I was wondering if you were a sarcastic conservative or not because you posted a similar thing in another thread. If you did block me, tell me why. I have a bit of an anger issue that makes me say the wrong things to people. Which is probably what happened when you blocked me.

Yes, it was sarcasm. McCain actually said something along those lines, and the day after he said we did have a crisis. You are blocked, I can't remember why... I will remove it. We live in neighboring cities and we've probably crossed paths at some time.

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Originally posted by QuinnJT11:


I would subsidize farming industries that; produce food yeilding crops such as corn, wheat, barley, and so on, farms that have livestock that creates food such as chicken eggs, cow milk, and so on. I'm no agricultural expert but I would subsidize almost every farm in need that doesn't grow ethanol.

I know that 5.7 billion is monopoly money nowdays, but take a look at what farmers are being subsidized. In fact, click on a state & county and see what your neighbour is being paid, to stay in business. I wish we all had that luxury.


http://farm.ewg.org/farm/dp_analysis.php

Well I'd have to say that although they are being generously subsidized, how would you feel if you had no food because they couldn't/wouldn't grow anything?

I'm open to your opinion on the matter. I hope that you can influence me, because I know little on the matter.

WOW, that is impressive.

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Originally posted by QuinnJT11:

The following are my plans (pretending to be the President) to fix some of our economic woes;



$581 billion dollars was paid into Social Security last year. My plan would allow all people currently on Social Security, and anyone within 5 years of recieving Social Security to recieve those benefits for the remainder of their lives. Anyone outside of that has the option to pay into a private savings account for retirement. Within about 30 years our government will be Social Security free, and in those 30 years we will have a smaller and smaller amount that is needed to be paid.

Medicare and Medicaid got $561 billion. My plan would be to give everyone on it five years to save up and be prepared to be dropped from these health benefits. Nobody would be allowed to join in this five year period. I would create a private charity account that the citizens could donate into and distribute the money as necessary to those in need. Remember, the United States citizens donated about $300 billion to charities last year. (Before you argue about how thats not the same as our spending, read below).

Welfare should be cut altogether...immediately. That's about $362 billion all at once. Being cut. I would then open a private charity account that people could donate to. The proceeds would help financially stimulate the citizens in need of it.

Real nice plan QuinnJT11. I'm 60 years old and have worked and contributed to Social Security since I was 16. So now after providing retirement benefits for a portion of my grandparent's retirement and my parents retirement and old age medical benefits for the last 44 years I get nothing (except the opportunity to put a few thousand more dollars in a "private account". Without medicare, who is going to insure us old folks even if we could afford to pay for it. I guess I either live in the refrigerator box in the alley or go on welfare (opps we eliminated that too). Nice Quinn, Maybe when you get to be 60 some brain dead punk will want to take a big dump in your face too!

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Originally posted by fishtheice:


I know that 5.7 billion is monopoly money nowdays, but take a look at what farmers are being subsidized. In fact, click on a state & county and see what your neighbour is being paid, to stay in business. I wish we all had that luxury.


http://farm.ewg.org/farm/dp_analysis.php

I found one that states 21 billion in 2006.
http://www.cato.org/pubs/pas/pa592.pdf

quote:

Originally posted by QuinnJT11:

Welfare should be cut altogether...immediately. That's about $362 billion all at once. Being cut. I would then open a private charity account that people could donate to. The proceeds would help financially stimulate the citizens in need of it.

Welfare programs are functions of the individual states. The federal government can subsidize state wlfare programs that are in compliance with guidelines established in TADF.
Ypu as President have no authority to cut welfare "altogether".

Neither the President nor Congress has authority to establish "private" charitible accounts (gross conflict of interest". As a "pretend" President, you would be "pretend" impeached in about 30 days. And for alienating the largest demographic group in the world (60+) Ron Paul would probably take you off his Christmas card list.

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OgDawg:
WOW, that is impressive.

Lay off, I'm not an economist. I just offered some ideas. How about you share with us Mr. Know it All?

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TXFAN:
Real nice plan QuinnJT11. ...

How do think I feel? I'll be paying into Social Security my whole life and never see a penny of it, either. It's not my personal responsibility to fund your retirement! It's about time people take responsibility for their own lives and get off other peoples backs. Would you prefer that I just quit my job and sell my house and give you all my money so that you can go to the Bahamas?

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TXFAN:
Welfare programs are functions of the individual states. The federal government can subsidize state wlfare programs that are in compliance with guidelines established in TADF.
Ypu as President have no authority to cut welfare "altogether".

I as President have all the authority in the world to deem that we need to end "executing" an illegal legislation. Welfare should be left up to the STATES, hence the feds don't pay into it. As you said, I wouldn't subsidize it. That would be LEAVING IT UP TO THE STATES.

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TXFAN:
Neither the President nor Congress has authority to establish "private" charitible accounts (gross conflict of interest". As a "pretend" President, you would be "pretend" impeached in about 30 days. And for alienating the largest demographic group in the world (60+) Ron Paul would probably take you off his Christmas card list.

The President and Congress don't have the authority to do anything that they do today. So my plan is to help the country and I'll be impeached for that? I don't think so.

Ron Paul would give me a high five and a bottle of Crystal.

TXFAN- What would you propose? The status quo? Do you like where we are headed? I'm trying to take a little bit of an initiative here and I'm being killed for it. Fine, vote Obama, vote McCain. Everyone on this board...go do it! Let's see how happy you are in ten years.

I like it JT...maybe because I'm a Libertarian and that approach has a lot of the same views. I'm sorry TXFAN someone has to draw a line somewhere. If it's not your group it will be the next group complaining. Social Security will fail if it keeps going the way it is. I just wish we could have done it right before the last real estate boom so they could have invested in something else besides 401k and savings funds. But don't feel bad like Quinn says we could work our whole lives and not see a single cent.

Oh and we need to get rid of the federal reserve and try to get as stable currency as we can. We can't just keep printing money and losing our monetary value. Because by the time I retire all the money and interest I earn will be for nothing.

I have no problem with this plan, however I don't understand the cutting of Education spending. In my opinion our Education system needs more support than it has currently, or at least a better appropriation of it's funding. If you left it up to the states alone, the poorer states would suffer. It is not a child's fault what state they grow up in, and the Education system should be equally exceptional throughout the US anyway.

That's the only problem I had with the plan. It's probably a more liberal point of view, but then again I have no problem cutting Welfare, Medicare, SS. Definitely middle of the road here.