Make no mistake. The train has not yet wrecked but derailment is imminent. As kerrcarto pointed out a few posts ago with our national debt, we're fucked. Our debt now exceeds $12 trillion. Our fiscal 2009 federal deficit topped $1.4 trillion, and the 2010 federal budget passed by Congress earlier this year blows the roof off with over $3.5 trillion budgeted. Absolute insanity.
Nobody seems to have the courage to declare the real intention behind the health care travesty bill. You want to know why the taxes are to kick in now with "benefits" implementation to start in 2014? For two reasons: 1) so the government can start sucking our blood now to feed their unsustainable appetite and 2) to deceive us over the true cost of the health care bill. America's vast underclass does not understand this, and the Democrats know it. Never underestimate the power of stupid people in large numbers. Ah yes, the Democrats' "bread & butter" voting bloc.
For those of you who think that the Democrat Party is economically inept, I have some news for you. They are not. They know exactly what they are doing. Their agenda is to destroy Capitalism and create a totalitarian government, perhaps a global government on a single currency. The United States Constitution be damned. If you think I am full of partisan rhetoric, then perhaps you should take a closer look at Obama's czars.
But I digress. There are five economic policies that could have been implemented at the outset of the Obama administration. Policies that would have likely hurt us in the short-run but could have set us up for long-term prosperity. And long-term mentality is key to solving really shitty problems like what we have today. If I were the President, these are the first five policies I would have pushed.
1) One-year moratorium on corporate taxes followed by a 10% decrease in the corporate tax rate.
Our corporate tax rate is the second highest in the world behind Japan. Fuck. China's corporate tax rate is lower than ours.
This would have enticed domestic corporations to at least maintain or grow domestic facilities and would have also enticed foreign corporations to move operations to the United States. This creates and, yes, saves jobs. Most corporations require a middle- to high-skilled work force; therefore, tax incentives help fortify our country's middle class. A growing middle class contributes far greater tax revenues to government coffers than high corporate tax rates. History proves this.
2) Deploy the National Guard along the United States/Mexican border. Increase domestic raids against known companies employing illegal aliens.
This policy should be self-evident.
3) Expedite all pending permits for nuclear plant construction. Open ANWR. Open coastal drilling opportunities. Create significant renewable energy research & development tax credits.
Various energy companies have repeatedly declared that domestic energy production would create over 1,000,000 jobs within one year following approved permits. Nuclear energy is a good thing, especially with our technology. Ask France of all fucking places, which produces over 80% of its energy from nuclear resources. How embarrassing. Domestic energy production not only benefits our trade deficit but also reduces the amount of capital flowing from the United States to foreign entities, many of which are our enemies. And don't give me this dirty environmental crap. We have the cleanest energy production technology in the world. Until renewable energy resources become economically viable, we can at least support ourselves during the interim.
4) Commence with an across-the-board layoff of 20% of the federal work force not related to protective services, military, and intelligence.
Contrary to popular belief, Federal employment does not contribute to the gross domestic product (GDP) by any statistically significant amount because the government produces ABSOLUTELY NOTHING!!! Because of this, federal employment instead consumes our economic resources. Millions upon millions of people simply do not understand this concept.
Private sector growth will eventually absorb displaced government employees. The result is a short-term spike in the national unemployment rate followed by long-term employment rate stability. Federal layoffs would also reduce government labor expenditures, something we desperately need right now.
5) Dissolve the Internal Revenue Service and begin implementation of a flat tax.
Roughly half of our society pays federal income taxes. And you people at the bottom of the food chain wonder why you have absolutely no voice in government. Sure, they throw you bones but if you look closely, those bones are broken and with very little meat; intended to shut you the fuck up and keep you coming back for more. Today's tax policy has been written by the rich and for the rich. Wake the hell up, people. I should expand on this topic but this post is getting too long. Save for next time.
The Soviet Union collapse resulted from massive growth in the public sector, private sector collapse, coupled with a near total annihilation of their middle class. Ronald Reagan understood that if he could start an arm's race, the Soviets would eventually consume themselves under their Communist economic model and collapse. Unfortunately, Obama, Reid, Pelosi, and the rest of the Democrat Party live for one purpose and one purpose only; to make Communism a working economic model. It never has worked and never will. Fuck you, Obama. You fail!
If you have read my post here to the end, then you might be a nerd like me. Cheers!