Stimulus package

I have no illusions about government and corporate America. I also have very low expectations for both entities. The constant harangue by the presidential candidates about what they were going to do for the American people was irritating. What has government not done for the American people? And what would I do if I had been elected? (There is no possibility that I would run. I don’t want the job.) But this would be my policy. First, I would begin by eliminating the Departments of Education, Housing and Urban Development, Fannie Mae and Freddie Mac, National Endowment for the Arts and Humanities, Corporation for Public Broadcasting, bring home the troops in South Korea, cut foreign aid to almost nothing, put a freeze on government spending and hiring. All subsidies for what ever would be eliminated. Companies off-shoring American jobs would have all government contracts rescinded. The enemies of the United States would be kept busy far away from our shores. Strict immigration policy would be in place to monitor who comes into the United States. 

Now for the stimulus package, there would be a one time payment of $100,000.00 to every citizen above age 18 who made less than $100,000.00 for the tax year 2008, including those who had no income at all (this would exclude all felons currently incarcerated). Every citizen under the age of 18 would receive a graduated payment, but the minimum would be $5000.00 for new-borns (all new-born citizens going forward would receive $5000.00 to be put into an interest bearing trust fund) through age 5, to be put into an interest bearing trust fund then to be distributed when the citizen reaches age 18 to be used for what ever purpose. Age 6 to 10 would receive $10,000.00, age 11-17 would receive $15,000.00 to be distributed at age 18, also to be put into an interest bearing trust fund until distributed. This would be a one time tax free distribution. All IRAs, Roth or otherwise, and 401Ks would be eliminated. They are not for the benefit of citizens but only a benefit for government to collect taxes and penalties. Instead a pay taxes as you go plan for retirement would be promoted. Never give government a calculus for future tax revenues. 

No more bail out packages for states that can’t afford their own programs. And no more bailout packages for huge corporations. Instead, over-compensated executives from failing corporations have to forfeit their ill-gotten gains back to the corporation from which they took it. No relief for at risk mortgages except for point free readjustments to a mortgage payment that the home-owner could afford. After that they are on their own. What would follow from this stimulus package? Inflation, probably. What then would the next round of candidates have to run on? I don’t know. Stop the presses! Stop the presses! Stop printing money and giving it away! Well, whatever.   

From my corner of Main Street and Beech in Rocky Ford, CO