Downsize Government and Upsize Enterprise

In America, we now have two tribes fighting each other and losing the American Dream. The Left and the Right forgo the middle American, for one party control. A third-party swing vote breaks ties, and keeps money-tics and partisan politics honest. By being the referee for bipartisan decision making to avoid one-party control. Where Monetary Capitalists share, and Human Socialists care, so free market enterprise is truly lasses-faire. A marriage made real by the American Dream founded on Humanism, and American Enterprise practicing Lassez-faire. Declaration: “A public statement of policy, and aims, especially one issued before an election, by a political party or candidate”. Where wealth blinds our liberty by the power of privilege, and influence, we have lost our democracy. When money is the fuel that drives the great American Enterprise System . . . it is also the pendant of power, that is the celebration of success, or the crucifixion of our society’s values, as our mores, and ethics become secondary to its use. Not to say, wealth isn’t the pendant of success from the American Dream but not for the destruction of our values. What are our country’s priorities? Wealth for self-indulgent material excesses or for sharing with those that make it happen? Sharing meaning our nation’s soul in contemplation of change to “Keep America Great”. The Top Twelve budgetary steps to solvency: reduce State and Federal deficits and resulting debt (estimates made by author based on current costs of governing):  1. Cut government payroll and pension costs by 20% per year = $400 billion.  2. Raise government income tax rates by 10% to 15% on net worth, property and sales tax revenues by 15% per year = $2 trillion .  3. Increase rate of GDP growth by 10% per year = $2 trillion.  4. Increase employment by 20% per year = $4 trillion.  5. Decrease borrowing by 10% per year = $3 trillion.  6. Write-off debt owed to China to cover Pandemic costs = $1.2 trillion.  7. Convert State and Federal financial records to GAAP generally accepted accounting principles over a 10-year period = $15.8 trillion per year and eliminating redundancy in, regulatory agencies = $500 billion per year. 8. Limit government health care Medicare and Medicaid spending to 15% of annual GDP = $3 trillion (increase in age requirements). 9. Charge 25% foreign trade imbalances for market access fees per year = $120 billion per year.  10. Limit Defense spending to 4% of GDP = $800 billion.  11. Limit infrastructure investment to 10% of annual GDP = $2 trillion dollars in borrowing and taxation for roads, bridges, airports, 5 G telecom as the infrastructure priorities and .5% of GDP = $500 billion local opportunity zones revenue bonds for fixing the squaller in our inner cities and underprivileged small communities,  12. Defer the pipe dream of “save the earth New Green Deal” using private investment from enterprise zones tax write-offs without debt and deprivation. Instead by using conservation of the land and earth based industries for energy research and development.  Resulting in a balanced budget by 2031 and reduced short term GAAP debt of $30 trillion by 50% = $15 trillion and long-term debt of $75 trillion down 50% by 2051= $78 trillion down from $158 trillion in 2021. This requires GDP growth of 10% per year for the next three decades. To get that degree of growth the USA must control the supply lines and technology development by merging the Western Hemisphere with Taiwan, Hong Kong, Singapore, Philippines and India into an Amerasian global conglomerate.  Milton Friedman said “capitalism and socialism are bedfellows for economic freedom as the innate connection between economics and politics. Economics is for personal freedom and capitalism is a necessary condition of individual rights in a Democracy.”