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View Full Version : Economic Stimulous?


Eater
12-14-2008, 10:46 AM
How to best use (future) tax-payer money to stimulate the economy:

First, get the money quickly into the hands of those who need it the most and will spend it the soonest: expand tax-free unemployment and food stamp programs. Also, reduce payroll taxes for 2009, and for 2008 to provide lump-sum tax refunds during the first half of 2009.

Second, create useful jobs quickly to get new paychecks moving through the economy, for:

* Homeland Security - We are a more inviting target now that we have an economic slowdown. WMD and cyber attacks will have a devastating impact on our now-fragile economy, and will likely come to us via our porous physical and internet borders. If we blow this one, nothing else we do will matter.

* Bailouts - Use taxpayer money to help individuals about to foreclose, companies, cities and states, but only to the extent that they prove a path to rapid self-sufficiency.

* Electrical Grid - Going Green will not happen without a world-class electrical grid to distribute power generated by clean coal, natural gas, U.S. oil, nuclear, wind, solar, tides, geo-thermal, etc. to our homes, offices and electric cars. We must quickly quit sending hundreds of billions of dollars a year to those who do not have our best interests in mind when that money could be in the form of paychecks to U.S. workers. Don't worry too much about carbon emissions until we get going again in a few years.

* Highway Infrastructure - Fund projects that are planned, approved and ready to go. While you are at it, standardize gasoline and emission standards across all states to reduce enormous unnecessary waste.

Third, allow limited tax-free withdrawals from IRAs and 401ks for the unemployed or for other good purpose.

Finally, take the current events and history as a lesson not to repeat. At the core of our economic problem is the attempt by government to short-circuit the normal free-enterprise method of enforcing lending standards. All socialist goals are good, wanting everyone to have everything now. But it has been proven in the current world and throughout history that the socialist approach can not work in the long run. Much better to have a system such as free market capitalism whereby those who work and make arrangements for their own future have one, and those who don't don't. Naturally, as a compassionate society, we will want to make minimal arrangements for our indigent, sick and elderly such as food stamps, Universal Healthcare and Social Security.