President Obama’s Budget: The Impractical vs. the Do-able

Written by William Pauwels on March 18, 2014

Why doesn’t President Obama budget and/or subsidize the doable?  For example:

— The desalinization of water.

— Pipelines from freshwater sources in Canada, Alaska, etc.

— Zero business taxation on the first $10 million of revenues – thus encouraging entrepreneurial, small business growth and employment.

— Development of domestic energy sources on government lands and waters – thus reducing imports – and reducing Europe’s dependence on Russian sources.

— Liberalization of energy exportation rules.

— Overhauling the US energy grid.

— Putting urban and suburban energy transmission underground for less environmental vulnerability.

— Mandating a reduction in the year-over-year growth of imports until exports and full employment are achieved.

— Increasing the retirement age to 70 via a six-month age increase per year.

— Replacing the minimum wage with a minimum income subsidy and/or tax credit for all working Americans (no exceptions) based on an hourly rate and hours worked. This would discourage sloth and reward all workers.

— Replacing the federal income tax with a VAT tax on luxury items.

— Reducing the spending of every government department by 1% per year for the next 10 years without exception – thus bringing the government deficit and federal debt under control.

— Abandoning all the social engineering projects that are not the constitutional responsibility of the federal government.

Frankly, I could go on; but I know you get the point.  Instead of funding so many pie-in-the-sky projects, let’s put the American people back to work with no-brainer projects and subsidies. The prosperity of any nation is the result of its collective productivity – less the cost of government and nonproductive entitlements – as measured in non-inflated (constant) dollars.

In God we must trust . . . but we must always do our part to secure the truth – to protect our freedom and interests – and to defend the American-Way. 

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William Pauwels
William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.