How To Cut Fed Spending
April 6, 2018 at 9:22 p.m.
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The problem with spending money like it's water is when the pump runs dry. Economists warn that the next economic collapse will be worse than the Great Depression. If Democrats get their way, it could happen soon. With more trillion-dollar-plus budgets, I might see that dreadful day occur and neither Republicans nor Democrats are in a hurry to prevent it.
My system I call applied capitalism might prevent the collapse. It would make the government and citizens economic partners and not adversaries. In January and February every year, everyone would receive a booklet with budget items listed. If you don't want any of your tax money spent to exterminate the unborn, you could put down zero for Planned Parenthood spending and maybe liberals who claim to support abortion could fund it. All amounts people want to have the government spend would be applied to what they pay in income taxes. Most budget items would be funded according to the preference of the people; even defense spending.
There would be federal budget goals and if they aren't reached, upward to 10 percent more than what has been allocated would be spent. If an item exceeds its goal, that would be what is spent on it. If no one wants a study done to see why people live where they live, 10 percent above nothing would still be nothing.
We need to know why Washington spends what it does on certain items. The pros and cons of spending for items would be stated so people could make better decisions on how Washington spent their money. If 50 million people wanted NASA to spend enough to send people to Mars, it might happen years ahead of schedule.
Democrats voted to cause Social Security to eventually end nearly 50 years ago when it included Social Security in the federal budget to give LBJ a surplus before he left office. I sent 35 pages of suggestions to the Social Security Administration in 1992 which might have saved the system from extinction. But the government wasn't interested. It might exist when I retire. But if the people called the shots and not just Washington, Social Security, Medicare and the Federal Budget itself might go on for generations to come.
Who we vote for in November may decide if this nation becomes great again or if it ceases to exist as a major power. We owe trillions to other nations and if they demand repayment of the debt, our economy will collapse. Only the voters can throw Trump out of office because two-thirds of the Senate won't. But if he is thrown out, we risk throwing away the economic future of America.
Rick Badman
Warsaw
The problem with spending money like it's water is when the pump runs dry. Economists warn that the next economic collapse will be worse than the Great Depression. If Democrats get their way, it could happen soon. With more trillion-dollar-plus budgets, I might see that dreadful day occur and neither Republicans nor Democrats are in a hurry to prevent it.
My system I call applied capitalism might prevent the collapse. It would make the government and citizens economic partners and not adversaries. In January and February every year, everyone would receive a booklet with budget items listed. If you don't want any of your tax money spent to exterminate the unborn, you could put down zero for Planned Parenthood spending and maybe liberals who claim to support abortion could fund it. All amounts people want to have the government spend would be applied to what they pay in income taxes. Most budget items would be funded according to the preference of the people; even defense spending.
There would be federal budget goals and if they aren't reached, upward to 10 percent more than what has been allocated would be spent. If an item exceeds its goal, that would be what is spent on it. If no one wants a study done to see why people live where they live, 10 percent above nothing would still be nothing.
We need to know why Washington spends what it does on certain items. The pros and cons of spending for items would be stated so people could make better decisions on how Washington spent their money. If 50 million people wanted NASA to spend enough to send people to Mars, it might happen years ahead of schedule.
Democrats voted to cause Social Security to eventually end nearly 50 years ago when it included Social Security in the federal budget to give LBJ a surplus before he left office. I sent 35 pages of suggestions to the Social Security Administration in 1992 which might have saved the system from extinction. But the government wasn't interested. It might exist when I retire. But if the people called the shots and not just Washington, Social Security, Medicare and the Federal Budget itself might go on for generations to come.
Who we vote for in November may decide if this nation becomes great again or if it ceases to exist as a major power. We owe trillions to other nations and if they demand repayment of the debt, our economy will collapse. Only the voters can throw Trump out of office because two-thirds of the Senate won't. But if he is thrown out, we risk throwing away the economic future of America.
Rick Badman
Warsaw
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