Thursday, October 8, 2009

We need a new recipe

It is sad to think that with so many Americans suffering, there are easy economic solutions the government could do today that would end the economic carnage without effort. Here is a recipe.

Cut taxes-income, capital gains, fees, et al.
Tort reform
Strengthen the dollar
Shrink the size of government
Replace income with fair or flat tax
Begin to pay off the national debt

Just serve in generous portions and America will be healthy again.


  1. A couple of other "reforms":

    Return the election of Senators to the respective state legislature

    Repeal the federal income tax amendment

    Eliminate the Federal Reserve System

    Return to a currency back by a commodity (gold standard)

  2. Mr. Izenour mentioned a few of the points I wanted to include, that smart man.

    Here are a few more things to consider:

    Reduce government spending (%) of GDP to pre-1933 levels.

    Eliminate all programs and Depts not specifically authorized by the Constitution (eg, Dept of Homeland Security, Dept of Energy, Agriculture, Transportation, etc.)

    Significantly reduce the size and scope of public unions; and, as an add-on, abolish all "pro-worker" reforms (minimum wage, 40 hour per week law, child labor laws, etc.)

    Remove all tariffs immediately. Engage in absolute free trade with as many nations as possible.