SwimExpert
Gold Member
- Nov 26, 2013
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- #1
The federal government is spending roughly $1.5 trillion a year on Social Security and Medicare/Medicaid alone. That doesn't even include foodstamps and other welfare programs, pensions, etc. How much is this doing for our economy, as we sink deeper into debt? I propose we cease all spending on such things for one year. The only exception being for those are disabled. During that same time, payroll taxes be reduced by 50% for everyone.
With the money saved, every tax payer and person who receives benefits gets a check for $7500. Use it as you see fit. Use it for food, use it for health care, use it for rent, use it to start your own business. This approach will offer substantial aid for people in need, will be a lesser total expenditure, and will actually yield a lesser deficit. Meanwhile, individuals will be able to have more disposable income with which to stimulate the economy.
Why shouldn't we do this?
With the money saved, every tax payer and person who receives benefits gets a check for $7500. Use it as you see fit. Use it for food, use it for health care, use it for rent, use it to start your own business. This approach will offer substantial aid for people in need, will be a lesser total expenditure, and will actually yield a lesser deficit. Meanwhile, individuals will be able to have more disposable income with which to stimulate the economy.
Why shouldn't we do this?