All you hear about is how Congress is in a stalemate. It’s gotten real bad the last 3 years. From the right all they want to do is make huge cuts or get rid of programs with small tax rates. Even if you get rid of programs the past debt is still sitting there. No thanks to Grover Norquist and the Tea Party, the taxes are very hard to raise to bring in revenue. The left wants to do some cuts , but maybe not enough and they want to raise taxes. Raising taxes is picking on the wealthy and punishing success if you are a republican.
The spending from both parties is so out of hand. It just sickens me to think how much they spend and borrow, and all they can do is blame the other person. All the while we as a nation are so financially weak, we could be punked by other nations. By then it will be too late and having all of those cars in your big garages will not matter.
If your house hold gets deep in debt for what ever reason, you trim costs and try to find more revenue ( either ask for more hours or get a second job). This is what Congress needs to do. Here is where my idea comes in.
To please the tea party and all of the Grover’s in this would, leave the Bush tax rates as they are. To please both parties just cut 3% of the spending on all programs but social security and maybe just 2% on military. Do not cut more or get rid of any programs. Heck even cut 5% on government subsidies. Stop paying other countries money all together. Most of them hate us in the first place.
Now this is where we get more revenue to pay down the debt. Use a regressive consumer tax rate. Have a 3% tax on all non perishable goods sold in the U.S.A. if that item is $1,000 or less. If it’s $1,000.01 up to $10,000 make it 2% and anything over $10,000 charge 1%. Now the whole world will help this great country pay down our debt. If someone in Europe comes over here to visit and buys anything other than food, they helped pay down the debt. If something is ordered on the internet and they live outside America, they helped pay down the debt. If someone here works for cash, they to will help pay down the debt. If someone is unemployed , they will help pay down the debt when they go buy a nice outfit for their interview. Illegal immigrants will help pay down the debt when they spend cash on clothes or cars.
Try this on a 3 year trial to see if it works. If it does keep it going and if not, it’s better than what we have now ( which is nothing but arguing). Plus using a consumer tax also keeps the income tax down that so many folks on the right complain about. It also puts the whole world in play to help our problem.
If you want something to work, you will find a way no matter what it takes. If you want it to fail, you will find every excuse in the book and do nothing but blame others.