Balanced Budget Amendment: Create an amendment that would eventually require that no entitlement spending, discretionary spending, and payment on the interest, in any given two year period (1st and 2nd session of Congress), should excide inlays during that same period. Congress shall have four years before the amendment goes into effect at which time progressive cuts will be required to keep omnibus and emergency spending on track to be plausible in before mentioned four year period.
Social Security Reform: Take social security inlays out of the coffers of the Treasury and put the funds into a new independent government agency. The Social Security Bank will be charged with ensuring that benefit payments, adjusted for inflation, remain the same (+/- 10% for every individuals at the same inflation adjusted income level) over a thirty year period. To do this the bank will hold a large percentage of the inlays to make up for shortfalls during that thirty-year period. The bank, with the approval of Ben Bernanke, can invest/loan some of those saving and collect interest on them. The income cap on payments to social security will be lifted. This will create a social security system that Congress cannot interfere with, will guarantee payments for future generations, and whose outlays will actually excide inlays while stimulating the economy. It is too important to leave it to the discretion of politicians.
Declaration of War Amendment: Create an amendment to the Constitution that would end the practice of deploying troops to hostile lands, past a period of sixty days, with out a formal declaration of war. There will be less defense spending if there are checks on the Executive’s war powers.
Internal Revenue Service: Stop firing IRS lawyers!!! The budget for the IRS should be doubled immediately, the process needs to be streamlined, and the penalties for evasion need to be harsher. You reap the benefits then you should have to pay the cost: either by paying all of your taxes or by spending some time behind jail.
Department of Education: Close down the Department of Education. The states that need it the most, the southern/conservative/evangelical states who have the lowest comprehension scores and the lowest spending on education, don’t want it and I don’t want to give it to them. Education is a state power.
War on Drugs: End the “war on drugs.” Drugs are really bad and a lot of people will get hurt and die if they choose to take them. However, the fact remains that drugs are in demand, they are addictive, and people will get them no matter what. I don’t understand why I pay a 6% sales tax on a loaf of bread and no tax on LSD and cocaine. Congress should pass a 200% to 500% tax on alcohol, tobacco, marijuana, and all other over-the-counter drugs not approved by the FDA for consumption. Print “POISON: THE FDA HAS NOT APPROVED THIS PRODUCT FOR YOUR CONSUMPTION: EVERY USE OF PRODUCT WILL INCREASE YOUR CHANCES OF GETTING CANCER AND MAY LEED TO YOUR DEATH!” in big letters on every container. Print it in Spanish too. Use the money to pay for Medicaid. If the drug industry becomes legitimate then it can finally be regulated, the cost to society of drug addicts stealing to pay for their addiction (about $5 million a year for every heroin addict in lost cost to society) will decrease, and we can stop spending outlays (something like $22,000 a year) overfilling our jails with people who need to get medical attention and not be incarcerated to only come out of jail pissed off (with new connections in the criminal under world) and commit real crimes to society.
Free Market Reform: End subsidies for farmers. End corporate tax breaks for “important” industries.
Non-Profit Reform: Narrow the qualifications needed to qualify for non-profit status. Put a cap on the highest wage earner, in the tax exempt “non-profit,” at 300% FPL for example.
Illegal Aliens: Register all illegal aliens and give them work permits. Make them pay income and social security taxes. Do not let them collect entitlement benefits.
Political Contributions: Create a 50% tax on political contributions for members of Congress, the President, and registered lobbyist. It shouldn’t be cheap, in the richest country on the planet, to influence policy makers. Did you know that 5 of the 10 wealthiest counties in the country are in the metropolitan DC area?