U.S. Government: Solutions for a Sound Economy

First, let's kill all the lawyers (Henry VI, Part II). Just kidding...

It is estimated that only three percent of the new $1,000,000,000,000.00 spending bill will be doled out in 2009, with the balance being distributed (or re-distributed) over the following two years. Things need to happen now to improve the economy now. Those things are now printed below.

Right now, we need to lower the interest rate on conventional mortgages to 4% with no points or closing costs. At this writing, they're at 5% plus points. This will encourage investment in the failing construction industry.

There needs to be a freeze on all corporate and individual taxes until the economy moves toward the upswing. Halting taxes saves the government from borrowing money to spend on so-called stimulus. The money that is injected into the economy by you and I as a result is far and away better than what the Obamdent has signed.

Now is the time to find ways to reduce government spending. Eliminate the National Endowment for the Arts and countless other useless government agencies. I would include the Department of Education in this category as well. We also should put the kibosh on government sub-contractors. In my travels, I've had several conversations about how lucrative government contracts are. They shouldn't be any more lucrative than private contracts. Here's an unpopular one: Close NASA. Billions of dollars are spent each year on space flight, space photos, and space dust. Let's solve the Earth's problems first before looking for life on Mars.

When the economy does finally turn around and unemployment is back at the usual 5% rate, the IRS needs to be closed permanently. Rather than the myriad tax laws that no one except very smart accountants understand, we should implement the Fair Tax. You can read all about it at www.fairtax.org, but basically it eliminates income taxes, capital gains taxes, etc., in favor of one consumption tax on goods and services. Everyone pays the same flat rate, rich or poor, and everyone receives money for essentials. Everyone wins. The government gets its share and we get to keep more of our hard-earned paychecks.

I believe these things are what need to be done right now. Senator, Congressman, if you're reading this, get on the stick!