Tuesday, March 5, 2013

I recommend that the government do nothing.

Clearly the U.S. budget is not balanced. 

Clearly it cannot be balanced unless significant changes are made to Social Security, Medicare, Medicaid, Obamacare, and unemployment benefits.   Because spending on these programs, alone exceed the total revenues of the U.S. government.  tables 1.1 and 3.1

Clearly there is no plan to make any changes to entitlements.

Since these are the facts, what should our government do to improve our economy?

I suggest that it do nothing.  It is true that an unbalanced budget is bad.  Adding more than $1 trillion to the national debt each year is bad.  But our government is so incompetent that even their attempts to fix these massive problems only make things worse.

Our government is thoroughly incompetent at everything. (see: literacy rate in publicly schooled cities like Detroit and Milwaukee, see: the war on drugs, see: border security....)

Incompetently changing the laws every so often can only complicate things.  Adding new rules and regulations can only complicate things.

I suggest holding all laws exactly as they are now through at least the next four years.  It is more difficult to make plans when we don't know what the laws will be.  Businesses will be better able to plan the next four years if they know that there will be no new laws and regulations that they need to comply with.  Entrepreneurs will be better able to make plans if they know what the laws are going to be. 

We'd all have four years to make the most with our known quantities and we'd not need to spend time trying to figure out what all the new rules will be.

Stability in the awful economy may be the best way for people to work to improve the economy.

Its not a good solution.  A balanced budget should be the first priority of every government, business, and person all the time always.  But since their is no prayer at all for any sort of good solution, let's stick with the terribleness that we know, rather than add more to what we don't.

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