I have posted my opinions on several threads: I believe that we must raise taxes as well as cutting spending. I posted earlier in this thread how to cut defense spending. You must have missed that.
1. I would cut the federal payroll by a graduated set of reductions over the next 5 years at increments of 1% per year for employees making less than $60k, 2% for those making more than $60k and less than $75k and on up to the top 5% of federal employees and appointees....they would get an immediate 15% cut.
2. I would phase out SS and Medicare for people who have retirement income over $100k. I would do that over a ten year time frame, to give people time to adjust. If they wanted to continue their medicare coverage I'd make that available through a cobra like plan.
3. I would increase fees for inspections at ports of entry. If you are shipping products into the United States then you will have to pay the costs associated with that effort, rather than the taxpayers of this country. If that means you have to increase what you charge for those products...good.
4. I would ask congress to pass a bill that would require any legislation that required any federal expenditure would also have a revenue mechanism. I would require a five year, ten year and 20 year evaluation.....if any of those evaluations showed a substantial difference between revenue and spending expectations then I'd require a re-vote or the bill would automatically be rescinded. The details of exactly how that happens would require a lot of thought....but we cannot keep passing laws that radically exceed the estimates of costs.
The requirement must be that we avoid huge layoffs within government functions. That only makes sense as we try to recover from Bush's recession.
1. I would cut the federal payroll by a graduated set of reductions over the next 5 years at increments of 1% per year for employees making less than $60k, 2% for those making more than $60k and less than $75k and on up to the top 5% of federal employees and appointees....they would get an immediate 15% cut.
2. I would phase out SS and Medicare for people who have retirement income over $100k. I would do that over a ten year time frame, to give people time to adjust. If they wanted to continue their medicare coverage I'd make that available through a cobra like plan.
3. I would increase fees for inspections at ports of entry. If you are shipping products into the United States then you will have to pay the costs associated with that effort, rather than the taxpayers of this country. If that means you have to increase what you charge for those products...good.
4. I would ask congress to pass a bill that would require any legislation that required any federal expenditure would also have a revenue mechanism. I would require a five year, ten year and 20 year evaluation.....if any of those evaluations showed a substantial difference between revenue and spending expectations then I'd require a re-vote or the bill would automatically be rescinded. The details of exactly how that happens would require a lot of thought....but we cannot keep passing laws that radically exceed the estimates of costs.
The requirement must be that we avoid huge layoffs within government functions. That only makes sense as we try to recover from Bush's recession.