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Solving the national debt is easy

If you cut spending massively like the Ryan plan there will be riots in the street. There are to many people dependent on the government on  some form of welfare. The same holds true with the Obama plan and I assume the the same will be true with the 'gang of 6' plan in the senate.

If you earned $100,000 and had credit card debt of $100,000 that would be an "Oh crap!" moment. What if your wages doubled to $200,000 and you had $100,000 of debt? That would be an "Oh Yeah!" moment. If you kept expenses the same, or frozen and took the excess wages and applied it to your debt, it wouldn't be long before you were out of debt. I know it happened to me in 2007. I was greatly in debt and then my wages doubled. In a matter of months I was debt free except a mortgage.

The federal government can do the same if the tax code is restructured to dramatically grow the GDP and freeze government spending at 2008 levels. In my book Tea Party Solutions (www.teapartysolutions.org) I call for a 5% flat tax. All capital, earned wages and corporate profits are taxed at 5% with no deductions (mortgage, etc.) or exemptions. In 5 years this would grow the GDP to $20 trillion dollars. Holding at 2008 budget levels all surplus revenue could be applied to the national debt. In a few short years the U.S. would be debt free.

Liberals will say 5% flat tax is not fair. It is very fair. The more you make the more you're taxed and all loop holes are eliminated. If a worker at a fast food place earns $100 $5.00 goes for income tax. If basketball star Lebron James makes $10,000,000 in a year his tax bill is $500,000. GE made $12 billion in FY2010. With my plan in place they would pay $600 million in tax instead of using tax loop holes and paying nothing.

Bottom line. To solve the debt problem we need to 'freeze and grow'. Freeze spending and change the tax code to dramatically grow the economy. Apply all surplus to the debt.
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Why Am I stuck with Nancy Pelosi?

Saturday, September 19, 2009 8:46:45 PM
 
Yes, Nancy Pelosi is the speaker of the house and I'm stuck with her. She's not in my district. I didn't vote for her and I can't vote her out. I'm stuck with the 3rd most powerful person in the government and I can't do anything about it.  The speaker is 3rd in line to the presidency.  The first two, the president and vice president are voted for by the people but not the speaker.   The speaker of the House of Representatives has an enormous control over my life and other people in the nation.  The speaker decides who comittee chairman are and what bills will be presented to the house.  The speaker decides what bill will get voted on or not.
 
If we the people have to vote for the 1st and 2nd persons in line to the presidency then why not the Speaker of the House of Representatives?  I believe there should be a constututional ammendment to allow the people to vote for the speaker of the house and the senate majority leader.  Every 2 years there are congressional elections on the 2nd Tuesday in November.  I propose various members of the house of representatives can run nation wide campaigns for speaker from December 1st to January 1st.  The same applies to the senate majority lader. Allow the people to select the speaker and senate majority leader.  People such as me would have a say in the speaker selection and it would make for a more democratic process. 
 
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