So the President released his budget plan this week and of course the GOP has their own plans. Of course, this lead me to want to jot down my thoughts on how to handle the budget.
Now first and foremost, I am far from a financial genius. I do, however, have a brain and on occasion, have been known to use common sense. To me, this is a common sense approach to spending.
First, can someone explain why the budget is still printed…on paper and ink? Anyone ever hear of a secure sharepoint? They definitely need to look at Congressional/Presidential printing. I would think that could save a nice chunk of change.
Next, look at all the places around the world where we have military bases. Do we really need all these different bases? Close some of those bases and reassign those troops stateside. That would both save money and bring home our wonderful military so we aren’t spread so thin.
Third, address illegal immigration. Now, before you go off the deep end on me, hear me out. Illegal immigration goes beyond an immigration policy or national security. It sucks up valuable resources, such as public education, ER care and other social resources. This all costs money. If we get our act together by resolving our illegal immigration policy, it will solve multiple problems at once.
Now, let’s address Congress. First, they should stop automatic pay increases. Whether or not they vote on the increase, they get it. Additionally, in order for Congress and the President to get what we “common folk” have been dealing with, they should each take a five percent paycut. Additionally, everyone is complaining about public employees, their benefits and other so-called perks. In order for a member of Congress to be vested FOR LIFE, they must serve for five years. New Jersey teachers must teach for 25 consecutive years to be vested. How about some outrage on that? Five years? Seriously? Also, upon retirement, they receive 80 percent of their salary as a pension. For starters, drop it to 70 percent. Finally, they should contribute three percent annually to their healthcare coverage both while in Congress and when they “retire.”
Moving on to the Department of Education. Cut it out completely. It isn’t needed and all it does it use its funding to stick its nose into local affairs. It just makes things more complicated.
Next up, Social Security. Let’s face it, more people my age believe that Area 51 exists than they believe that they will get what they have paid into Social Security. And to be clear, Social Security, like unemployment, is not an entitlement. An entitlement is a gift from the government. Welfare and Medicaid are entitlements. Our taxes go to social security, therefore, it is not an entitlement. The President should follow the recommendation from his debt own commission and raise the retirement age. Additionally, you should be allowed to “opt out” of Social Security. I would rather have that money in my check and decide how to invest it than leave it to the government.
Finally, move to a flat tax system. This way there are no loopholes, everyone pays in, regardless of their income level and has a vested interest in what happens to our nation. Currently, two percent of the wealthiest individuals pay over 40 percent of the taxes and will never use any of the services they support. Everyone, regardless of income level, should pay taxes. Otherwise, it is just a handout, which prevents people from feeling the pride of providing for their well-being. Additionally, just think of how many jobs could be cut. And let’s face it, who wouldn’t want to see a smaller IRS?
Well, that’s where I would start. I think these cuts would provide a solid start in getting federal spending on a real cost-cutting plan.
What would you do?