Eradicating National
Debt to Provide Financial Security For the American People
Recently, I heard a radio broadcast
wherein Mitt Romney addressed the changes needed in our leadership to
eliminate our nation's debt. I feel that in order to do so we must
turn away from spending to fulfill our wants and focus first
on what our nation needs. To do this, we must make drastic
changes. I agree with Mr. Romney that Congress and others, including
the President himself, should take drastic pay cuts or no pay at all
until the national debt is absolved. I also feel that the tax system
and all budgets associated with it need to be revamped. Paying off
our nation's debt while still
allowing the American people financial stability will be a
delicate balance. The following will address things Congress ought to
do and what it ought not to do in order to accomplish the
eradication of our nation's debt. Freedom from debt and providing
financial security will allow all Americans to truly obtain
the life, liberty, and happiness that is every American's right.
First, we need to restructure the tax
system's programs and budgets
by cutting funding to programs that are not necessary.
Programs for things that would be considered “necessary” would cut all taxes associated with and put caps on prices
surrounding healthcare, food, water, housing, and clothing. A flat,
unchanging tax should be set (ie 10% of EACH
PERSON’S gross income no
matter who you are or what your occupation is). Once budgets have
been set, only spend money that has been budgeted and that we
actually have! Find other ways for the government
to produce money for its
budgets if more is desired. If you want to have
technologically and scientifically advancing projects, get wealthy
private donors to pay for it or create an international coalition for
the projects. Encourage production of items 'Made in USA' for
exporting. Last, but certainly not least, stop borrowing money we
cannot pay
back!
Restructuring to give back
to the people that to which they are entitled: Freedom
in stability
The new tax system will eliminate
taxation of businesses providing necessary goods, thus
eliminating taxation retailer to customer because the budgeted portion the 10% flat tax would be utilized for those programs. For example, food and
consumable liquids that do not fall in the 'others' category
(others would constitute chips, soda, alcohol, candy, etc.) should
not be taxed. Purchases of Hybrid, electric, or other eco-friendly
(and thus healthcare friendly) transportation should not be taxed at
any level at any point. Healthcare should be separated into three
classes: preventative healthcare (immunizations, routine checkups,
etc), major medical, and minor medical. A flat premium should be paid
to the provider at time of service depending upon into what category
the reason for care falls. Next, the healthcare budget would be
utilized. A cap should be applied to healthcare providers and
companies that produce supplies and medications associated with the
healthcare system. Housing facilities, whether rented or owned,
should not be taxed. Only properties and buildings used for
commercial purposes should be taxed. Americans should be provided
quality, reasonably-priced products and services, in connection with
new budgets and programs, that are necessary
to truly be a country founded on “life, liberty, and the pursuit of
happiness”. By setting budgets, having a set, unchanging tax rate,
not borrowing and spending money we do not have, and by finding
alternate ways to procure money for projects, I feel that we can have
both a balanced budget and a happier people free of unnecessary
taxes.
<a href="http://yourlocalsecurity.com/scholarship" ><img src="http://yourlocalsecurity.com/images/yourlocalsecurity/scholarship/scholarship-badge.png" alt="Blogging Scholarship" /></a><br / >by <a href="http://yourlocalsecurity.com">YourLocalSecurity.com</a>
