A Blueprint for a Better Tomorrow

Both parties are equally guilty for the mess we find ourselves in today. It doesn't do us any good to stand and point fingers at who is to blame because that won't solve the problem. We must stop arguing about the past and start talking about practical solutions for the future of our country.

That's why paying off the debt, and returning our Nation back to a lender nation instead of a debtor nation must be priority #1!

Everything in this plan can be accomplished if we pay off the debt. By doing so we will automatically have a additional $400-$500 billion added to our budget, just from the savings from not having to pay interest on the debt.

How much is 500 billion? It is almost the amount of our entire Defense Budget!

This amount would almost pay for our entire National Alternative Health Care Plan, which means we wouldn't have to raise taxes to implement it.

In addition to the above benefits, we would free ourselves from influence by nations who hold our debt.

We are currently spending approximately $400-500 Billion dollars a year on servicing the interest on the National Debt.

 
This is WASTEFUL spending because it is money that is being spent and we are getting nothing for it. It is money that could be used to pay for a National Health Care Plan, or a Tax Cut in the amount of $2,331 dollars for every American who filed a tax return last year.

In today's dollars it could pay to build a Bullet Train Interstate Network that would match our current interstate highway network mile for mile. Which would help reduce our energy consumption.

One of the current candidates is using the old scare tactic that "If you raise taxes you will kill the economy, and make jobs move overseas!"

Apparently this candidate hasn't been paying attention to the fact that the economy is on life support as we speak and over 3 million good paying manufacturing jobs have left this country during the last 8 years.

This happened even after Bush cut taxes, which were supposed to stop businesses from moving overseas because of high taxes. But these tax cuts didn't stop jobs from leaving the country and only served to run up the debt and accelerate job losses.

The Clinton Administration raised taxes, and we saw the debt decrease. We also saw 28 million new jobs created and this country enjoyed the longest economic expansion ever. The Dow soared to new heights increasing by over 7000m points during Clinton's Presidency. Once again all of this was accomplished with a tax increase and with interest rates at 6.5% and 5.5%.

In comparison Bush cut taxes, enjoyed the benefit of lower interest rates than what Clinton had to work with and yet he still was only able to create 8 million jobs. The Market is lower today than what it was when Bush took office. So what happened to the economic growth that these tax cuts were supposed to create? The only Economic growth I have seen during the past 8 years is in China, Dubai, and Iraq.

Yet despite evidence that they were wrong we still hear some calling for even more tax cuts, and saying that if we raise taxes we would kill the economy.

History tells us otherwise.

 
This plan also reduces the cost of doing business in this country by eliminating the cost to businesses by implementing an Alternative National Health Care plan and reforming Social Security and Medicare.

It helps the economy grow by letting you keep more of your hard-earned money instead of paying it to the government to make interest payments on the debt. It lets you keep the money you pay out on Health Insurance premiums to spend on yourself, instead of going to an Insurance company who will fight you tooth and nail to keep from paying what they promised you when you bought the plan.

Health Insurance Premiums are a hidden tax that takes money from workers and businesses that could be going into our economy. This would create more job openings.

Under this plan once the debt is paid off the average tax payer could keep as much as $8,000 dollars more a year of their hard earned pay, from the reduction of income taxes and the savings from not having to pay out health insurance premiums.

 
Now if we can save taxpayers an Average of $8,000 dollars a year, they will in turn either save more or spend more. Both will do wonders for our economy and create more jobs. This plan will effectively increase the economy by 10% the first year the debt is paid off.

We are not for more taxes, however, we do believe we have to raise taxes in the near term in order to see long term benefits. By enacting the Blueprint for a Better Tomorrow plan, we can pay off the debt in 7-8 years and have a 1.336 trillion-dollar surplus the year we pay off the debt.

We could then give everyone who filed a tax return last year; a tax cut of $3,800 at a cost of $528 Billion dollars. This would leave $838 billion. We could then implement The Blueprint for a Better Tomorrow's Alternative Health Care plan at a cost of approx. $525 billion annually. This would still leave us $313 billion to rebuild our infrastructure and give tax incentives to individuals and businesses to convert to alternative energy vehicles and outfit their buildings and homes with solar energy panels.
Taxes and the National Debt.

The Blueprint for a Better Tomorrow, would pay off the debt in 7-10 years and return us to a lender nation.

The way we do this is with a combination of Budget Cuts, Tax Increases and closing down offshore Tax Shelters.

By returning the tax rates we had under Clinton we would see a $250 billion budget surplus.

We would then cut $350 billion from the current budget. Most of these cuts would go unnoticed, because the money being spent doesn't really benefit anyone in a positive manner and thus is just wasteful spending that needs to be cut.

By closing down offshore tax shelters, we would collect a additional $350 billion in Tax Revenues.

Add it all up, and it comes up to $950 Billion dollars in savings.

The Current National debt is right around $9.5 trillion dollars. So under this plan we can pay off the debt in 10 years. However I believe we can do it in a shorter period of time, because of the economic growth we would see under this plan.

So at the end of 10 years or 7, whichever comes first we would have a budget surplus of $1.35 TRILLION dollars.

This is how we pay for the tax cuts and initiatives put forth under this plan. So you would see your taxes go down in 7-10 years, have free health care, more money in your pocket, and be able to ride a bullet train across this great country. Plus other nations would be paying for it by paying interest payments on the money we are loaning them!