Merry-Go-Round of Crappy Ideas

More regulation, deregulation, nationalization, tax cuts, tax increases, new deal, etc. Every person has an opinion, economist or not, about how to fix this economy. Problem is those whose opinion's matter are those same people that put us in this downward spiral of an economy. In an earlier piece I have discussed what I thought was the reason for this economic meltdown, so I will not go into the "why", but I will discuss somethings that are surely to be helpful in an economic recovery.

First idea that jumps at the opportunity is ending all major combat abroad. I mean the hundreds of thousands U.S. troops in Iraq and tens of thousands in Afghanistan. I also mean limiting troop presence in our global bases. This elimination would cut Billions of dollars of spending a MONTH. This is not a piece to discuss the merits of any of those wars, but rather on how to save our economy from collapsing which is sure to happen if nothing is done.

Another idea is raising taxes on higher brackets and cutting taxes on lower brackets. A person that makes six figures can afford giving up a few more percentages to the government while people who barely make five figures (majority in America) need that to survive. For those who argue that this is socialism, then we are a socialist country because we already do that, I am just asking to step it up a little bit.

Another way we can try and fix this economy of ours is taxing companies who outsource jobs more heavily and give tremendous tax breaks to companies who create jobs here in America. Companies will stop outsourcing jobs once they realize that they will lose a lot more money in taxes than money saved on exporting those jobs.

If you think those steps are drastic and radical, then you probably are not aware of the depth of the economic hole we are in right now. If you think major troop withdrawal would make America weaker abroad, you are wrong. Troop presence abroad the last eight years is the exact reason why America is weaker and countries like Russia and China rose to our level. If you think we should not punish the rich for being rich, well that is an oxymoron because they flourished the last two decades from our economy, shouldn't they be responsible in helping us fix it? The world is moving on a bullet train (that we once built) and if we keep clinging to our isms then we might just be left behind.