Monday, September 6, 2010

Happy Labor Day...Or Is It?

As we enjoy another Labor Day celebrating the American worker, the state of the economy is weighing on the minds of many. Whether it's high unemployment or companies who make employees work extra hours so the companies don't have to hire additional staff, the employment situation is looking grim. Combine with that the fact that the first stimulus package has done more to grow jobs in the public sector than the private sector and Congress is intent on adding more debt to our backs, and things don't look any better.

Put simply, the economy is in dire need of fixing. What the Washington politicians on both sides don't realize is that the way to fix the economy resides in the working class. Here are some suggestions to help get the economy back on the right track.

1) Cut taxes for the working and upper classes. I know, the Left will say "That's your solution for everything," but it actually works. When you cut taxes, it allows people to keep their money, which they can save, spend, or invest. In each case, the economy is stimulated in some fashion at different speeds. Given the nature of America today, our tendency would be to spend that extra money, which would...stimulate the economy. Funny how that works, isn't it?

2) Cut government spending for real. One of the biggest government scams out there is when politicians and their pals in the media claim that government spending has been cut. What's actually been "cut" is the amount of a proposed increase. The way it works is Party A suggests that the Department of Redundancy Department gets a $2 million increase in spending over the previous year. Party B suggests that the Department of Redundancy Department should only get a $1 million increase in spending over the previous year. Both parties (and their friends in the media) say that the Department of Redundancy Department's budget was cut by $1 million when, in fact, it was actually increased by $1 million. One way to help the economy is to do some actual spending cuts where departments do have to make due with less. Defense spending, the Department of Education, the Department of Interior, Freddie Mac and Fannie Mae, and many other areas could be cut without disrupting services (such as they are) to the American people, which would reduce the amount of tax dollars necessary to keep the country running, which in turn means more money gets kept by the working class.

3) Don't micromanage our lives. At every turn, government is trying to get us to act accordingly (or as accordingly as they say we should). Whenever government does that, a bureaucracy is created to ensure compliance, and with bureaucracy comes cost that the people ultimately have to pay for in the form of taxes. If you question this, check out the environmental laws in this country that any small business has to follow. That particular set of laws is so vast and complex, it's impossible for any small business to keep track, let alone follow them. Why not cut the bureaucracy and allow people (including small business owners) make those kinds of common sense decisions on their own? We may not always make the best choices, but government bureaucracy hasn't exactly had the best track record in making good decisions (see the EPA's efforts with the oil spill clean up in the Gulf). Besides, the money we save could be better spent on getting the economy going.

But, for the Leftists these ideas may be too complex. In the interest of bipartisanship, let me break it down for them.

1) Let us keep our money.
2) Cut spending.
3) Get out of the way.

No comments: