Monday, August 9, 2010

Solutions for the Budget Deficit Crisis!

 There has been a lot of "talk" about the "deficit crisis" from the right wing and yet they offer no solutions except "tax cuts for the rich". Here are my common sense solutions that could easily provide some financial balance, if not completely fix the entire problem. 
1.)  Reduce Department of Defense budget by $2.5- 3 billion (End the war in Afghanistan/Iraq (reduce  
      spending by 1/2 immediately)
2.) Impose severe fines and/or tax corporations 50% more when they hoard profits versus hire new    
      employees
3) Increase import tax's by 40% or more
4) Impose severe fine's/Tax all American companies that outsource jobs oversee's
5) Eliminate ALL tax cuts for the rich...anyone earning over $75,000 Annually; Increase tax's on rich by  
      35%  or more, increasing an additional 20% for each $15,000 incriminate unless they are donating at        
      least 25% of their total income back into the community

**** There are probably others and so I also propose a committee of esteemed economists from the nation's most prestigious universities in order to find even more ways to reduce spending WITHOUT hurting education, states, healthcare, social security, or funds to improve economic stability.*******


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