Wednesday, March 25, 2009

Baby Steps To Fix the Economy

Why don't we use a page from Dave Ramsey and use Baby Steps to help the economy recover:

  • Baby step 1: Set aside $500 Billion in an emergency fund - not to be touched unless all of Congress gives blood and goes back to part time
  • Baby Step 2: Pay off all national debt using the debt snowball!
  • Baby Step 3: Set aside 3 to 6 years minimal spending for basics in government - again not to be touched for any reason Congress can think of
  • Baby Step 4: Use 15% of government income to fix Social security and move us towards individual savings accounts
  • Baby Step 5: Get rid of the federal control on education and use the money to support vouchers to be used at parental discretion
  • Baby Step 6: Set aside money to pay for public housing for Congress or Fix all interest rates for housing at 4% (30 years) and 5% (15 years)
  • Baby Step 7: Go to a new tax system to allow Americans to build wealth for themselves! Fair tax or flat tax - just do something to take the bite out of Congressional misteps in power

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