Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith

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A Better Stimulus Plan?

The following article proposes a different response to the economy than the latest stimulus package:

A Better Stimulus Plan
There are ways to stimulate the economy in a more immediate manner wile avoiding the government bottleneck and without borrowing more money at time when our entire GDP for this year is already owed to a private banks and foreign countries.


Let's see ...

"With the current economic stimulus being argued in Congress and the Senate, except for the tax break portion, it will take two years before the money starts hitting the economy."

This is a serious flaw in the government's stimulus plan.

"The first step is to quit borrowing and quit giving the money to banks."

This is very difficult because so much of the economy is built around banks, it's almost impossible to get anything done without them. However, I have reduced my use of banks, because they won't friggin' protect your money anymore if someone feeds them the right numbers.

>>As banks close, forgive the debt they are holding instead of selling it to other banks for pennies on the dollar. The population generates 70% of the economy and this will cause people to immediately have more spendable income.<<

Now this is a fascinating idea. I'm in favor of letting banks close, because I believe that businesses should reap the consequences of poor decisions; the earlier bailout merely rewarded failure, with disastrous results. I like the idea of forgiving debt. I'm not sure if it would be feasible, or what drawbacks there might be.

"Issue $500 billion worth of tax cuts and don't borrow to replace the lost revenue. Cut the budget."

Forget it. We've seen tax cuts out the wazoo and they do not deliver promised benefits. Meanwhile, our kids can't read and our levees are collapsing. Budgets have already been cut so far that underfunded services are causing expensive problems -- some of which will continue to be expensive and problematic for years to come.

"Stand down and start pulling our troops out of Iraq and Afghanistan. Close unnecessary foreign military bases, reopen ones here, and let our soldiers spend their money here instead of there."

This is a great idea. It would save money and is certainly doable. It would need some political pressure, though. Keep up the anti-war efforts! The military needs time to repair and recharge anyhow. Check out United for Peace & Justice if you need ideas.

"Stop passing regulations, especially federal regulations, that have an adverse effect on small business at the bequest of large business."

This is also brilliant. I've been alarmed by the constant march of regulation through cottage industries, wiping out ever more of the things people can do to make money that don't require expensive licensing and schooling to start. Because, you know what? If people can't make a living, they can't afford to buy stuff from those big businesses. Hello, Detroit. Anyhow, you can push for this one by promoting small business organizations.

"Stop issuing green cards and H-1B visas and start collecting illegal aliens and deporting them."

This is stupid; American immigration policy is stupid; one of these days I need to post about that. It wouldn't be a problem if all those people were just in the system openly.

Thoughts?
Tags: activism, economics
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