Balancing the Federal Budget?

Balancing the federal budget is going to be a huge and complicated job. It will take a lot more changes than can be covered here. But I have a few common sense ideas that I think would be a step in the right direction. I would like some honest feedback on them.

Tell me which ones you like and which ones you oppose. Please also tell me why you feel the way you do.

I would refuse to sign any law that contained any pork projects-and make sure that all the voters knew why I did not sign it.

3% tax increase on ANY AND ALL income for every single person living in America or having an American citizenship. This 3 % is on top of any tax you owe and can't be avoided by ANYONE-EVERYBODY PAYS! No one pays less than 3%! yes, Taxing over seas income would be problematic, but even if we only manage to get the taxes 50% of the time we are better off then we are now. I think that most people living overseas would pay the taxes simply because it is not that much and it is the right thing to do.

Cut all foreign aid by 50% immediately, and many countries would receive none within 3 years. We need to pay our own bills before we pay someone else’s.

No entitlement benefit increases for anyone currently in the system. All the remaining entitlement benefits, with the exception of senior benefits, are cut by 20% each year starting in 4 years. Yes, for many it would be hard pill to swallow. But if we do not get a handle on entitlement spending now, there will not be any money for entitlements in the future.

Medicaid has a 10% co-pay. The federal government pays the entire bill and then collects the co-pay. No one will be denied healthcare over a10% co-pay. But it will help keep a lot of BS out of our ERs. Medicare has an even higher co-pay and I don’t see a lot of people dying because they are refused healthcare.

Open the gulf and most federal lands to responsible oil and gas exploration by American companies. If you Work for the EPA, you can never work for an oil company and vise versa. (you guys do know that BP is a British company, didn’t you?)

No more government bailouts for businesses! (no, this will not cause banks to go belly up, the FDIC will take them over and then other successful banks will take them over.) sure, some businesses will go out of business. But other businesses will buy out the failing companies and new businesses will step in and replace the failing ones. It’s called “the free market” and it has worked for us for over 200 years.

EPA waivers for new oil and gas refineries all over the country. We need to capacity to refine our own energy.

Build pipelines-they are a much safer way of transporting oil and gas than truck or barges.

Tax breaks for the next few years for transportation and energy companies that use natural gas instead of oil and coal based energy sources. We need oil and coal, but we also need to start to use the cheap natural gas we have.

Capital gains over 1 million dollars a year will be taxed at the same rate as your income tax. However, reinvestment into a business's infrastructure will be 100% tax deductible in the year the investment is made.

Shut down much of the IRS and go with a straight sales tax instead.

Bonus programs for federal employees that design programs and/or equipment that save the federal government money.

100% FREE tubule ligation's and vasectomies for every person in America.

Repeal Obama Care and replace it with several smaller laws, with gradual changes, that actually make sense!