How to fix America's economy and create jobs and prosperity againSubmitted by Ian56 on Sat, 05/18/2013 - 14:23
Cut over $1.3tn of Corporate Welfare.
Use that money for massive tax cuts for middle earners and below to increase people's disposable incomes and get bottom up spending going again.
Use some of the money for tax cuts for small & medium sized businesses.
The two above will get recruitment going again.
Small and medium sized businesses are the true jobs and wealth creators - not large corporations.
Stop bailing out the big banks to the tune of $1tn a year.
This is increasing the price of things like food & gas, lowering ordinary people's disposable incomes and thus lowering GDP growth.
Break up the Corporate cartels that now operate in each major industry.
Scrap Obamacare, which is the worst possible scheme for expanding healthcare coverage and will cost millions of American jobs and make healthcare even less efficient.
Healthcare premiums are set to rise by between 30 and 100% with the full implementation of Obamacare in 2014 (it varies a lot by State).
Completely reverse the current policy of sending more and more people to college when they increasingly end up in jobs that do not need a college degree or they have no job at all.
It is just loading young people up with debt.
Completely reform the current education system so that people learn how to make a decent living.
America's Current Death Spiral
Corporate profits are at record levels.
So is poverty.
Real wages are at record lows and continue to decline.
This trend needs a dramatic reversal and soon.
Continued at :-
The above are only the first steps.
I would then start work on cutting another $500bn of government waste and cut taxes further with the proceeds, with the emphasis on lower incomes and smaller businesses.