@cicerone imposter,
I wrote: Wasting billions of dollars is very bad, but wasting trillions of dollars is far far worse. I'll add now: Now that president Obama has signed the
stimulus bill into law, we will be wasting trillions on trying to recover the US economy the way the President and a majority of Congress say they want to recover it.
We have been losing thousands of jobs every month since the Democrats began to run the Congress in 2007. That rate has been rapidly asccelerating to our losing hundreds of thousands of jobs since the last quarter of 2008. Had the Democrats joined with the Republicans in 2006 to rein in Fanny&Freddy, we would still have had a recession, but nothing like we have now.
You asked what are my "grand plans for our economy?
I don't have any
grand plans for our economy. I have only a simple practical recommendation for saving our economy. The longer we wait to adopt it or its equivalent the worse things will get.
MY RECOMMENDATION
If we must accumulate trillions more in federal government debt to get us out of our current economic mess, then instead of the government spending us into debt its way, let's do it ourselves our way by reducing federal taxes and by trusting the people to spend their own money more wisely, efficiently, and effectively than the government is capable of doing on their behalf.
When reducing taxes let’s replace the current tax system with a
uniform tax, a single tax on each and every dollar of gross income. That way every American who earns income carries his own weight and pays his fair share of the cost of the benefits of our government securing our constitutional rights. Let’s eliminate all exemptions, deductions, paybacks, or refunds, except deductions for gifts to qualified charities not totaling more than 99% of gross income. A qualified charity shall be any individual or organization that does NOT pay back any amount of the received charity to the donor, and is NOT part of the donor’s family: that is, NOT the donor’s spouse, former spouse, offspring, sibling, parent, grandparent, great grandparent, uncle, aunt, or first cousin.