Thread: The Middle Class Caught in a Pincer Movement

The Middle Class Caught in a Pincer Movement

Politics / US Politics
Oct 11, 2010 - 03:39 AM

By: James_Quinn

A MODEST PROPOSAL

My understanding of our economic system has changed over the last couple years. I've come to the conclusion that the middle class of this country has been caught in a pincer movement by two armies. My definition of the Middle Class is households making between $50,000 and $150,000 per year. The Free Shit Army is attacking us on the left. The middle class has been the backbone of the country, doing the heavy lifting in this country. They get up every morning and trudge off to work to support their families. The Free Shit Army sleeps in. They have chosen to not educate themselves in order to advance in our society.

Politicians have enabled them to stay in poverty by providing welfare, disability, food stamps, and tax incentives that make their lives just comfortable enough to not work. If you provide money to people who are classified as disabled, you get more disabled. The Free Shit Army has 50% more disabled than the general population. If you pay people for not working, why should they work? The middle class works and pays their taxes. These taxes are then redistributed to the Free Shit Army.



The second pincer movement on the middle class has been conducted by a stealthier army. This army has experts in propaganda, misinformation, and obfuscation. I call them the Ruling Elite Army. The generals are the ultra-wealthy CEOs of Wall Street banks and mega-corporations. Their armor divisions are manned by the corporate mainstream media. They are excellent at laying down a great smoke screen before blasting away. The infantry is manned by 535 Congressional officers with thousands of corporate lobbyist foot soldiers. This army has been given the mission to capture the supplies of the middle class.

The middle class were not prepared for the assaults they have been fending off. They became soft and satisfied. They stopped training. They became distracted by their gadgets, delusions of home wealth, and fear of phantom terrorist enemies behind every bush. The propaganda machine of their true enemies has convinced the middle class that foreign enemies are massing. The enemy is within. The middle class will need to sacrifice and go to war against two enemies. Are they up to the task? I'm not sure.

In my opinion the following platform is the only way to save this middle class country. Liberals and supposed Conservatives will be outraged. No one will be happy with my solutions. So be it.

MY MODEST PROPOSAL

Political System

Term limits of 6 years for Congressmen and Senators. Serving in Congress is not a career. It is a duty to the country. They are not in Congress to bring home the bacon to their district or State. They are in Congress to ensure that future generations have a country that offers opportunity to live a better life than their parents.

The entire election process would be scraped. It would be transformed into a 3 month publicly financed election. No money from corporations, unions, or individuals would be allowed. Candidates would have 3 debates on public TV.

Lobbyists and PACs would be eliminated from the political process.
Every bill before Congress would immediately be put online. The constituents of every Congressmen and Senator would be allowed to voice their opinion by voting yes or no online.

Every bill that is proposed by a Congressman MUST have a funding mechanism. If the proposal increases costs to the American taxpayer, something else must be cut to pay for the new proposal.

NO American troops could be committed to firing their weapons without a full vote of Congress as required by the US Constitution.

Economic Policy

The first thing to be done is to abolish the Federal Reserve. It has been around for less than 100 years. The Treasury has the authority to issue the currency of the country.

The currency of the US would be backed by hard assets. A basket of gold, silver, oil, uranium, and some other limited hard commodities would back the USD. If politicians attempted to spend too much, this basket would reveal their plans immediately.

The FASB would be directed to make all banks and corporations value their assets at their true market value. This would reveal that the mega Wall Street banks and corporations like GE are insolvent. An orderly bankruptcy of all insolvent financial firms involving the sell-off of their legitimate assets to banks that didn't screw up and the bondholders and stockholders would be wiped out.

The 16th Amendment would be repealed and the income tax would be scraped. It would be replaced with a national consumption tax. The more you consume the more taxes you pay. Saving and investment would be untaxed.

A balanced budget amendment would be instituted. It would phase in over 5 years. This would require a massive reduction in spending. A downsizing of the US Military from $900 billion to $500 billion would be initiated through the withdrawal of troops from Afghanistan, Iraq, Germany, Japan and hundreds of other bases throughout the world.
The two most worthless departments in the government (Dept of Energy and Dept of Education) would be eliminated. All corporate subsidies would be eliminated. All Federal employees would have their pay slashed by 10% and the workforce would be reduced by 20% over 5 years. Federal health benefits and pension benefits would be slashed.

The Social Security System would be completely overhauled. Anyone 50 or older would get exactly what they were promised. The age for collecting SS would be gradually raised to 72 over the next 15 years. Those between 25 and 50 would be given the option to opt out of SS. They would be given their contributions to invest as they see fit if they opt out. Anyone entering the workforce today would not pay in or receive any benefits. The wage limit for SS would be eliminated and the tax rate would be reduced from 6.2% to 3%.

The Medicare system is unsustainable. It would be converted from a government program to private market based program. The rules and regulations would be eliminated. Senior citizens would be given healthcare vouchers which they would be free to use with any insurance company or doctor based on price and quality. Insurance companies would compete for business. Doctors would compete for business. The GAO would have their budget doubled and they would audit Medicare fraud & Medicaid fraud and prosecute the criminals brutally.

The healthcare bill would be repealed. Insurance companies would be allowed to compete with each other on a national basis. Tort reform would be implemented so that doctors could do their jobs without worrying about slimy lawyers. Doctors would need to post their costs for various procedures. Price and quality would drive the healthcare market.
The entitlement state would be dismantled. The criteria for collecting welfare, food stamps and unemployment benefits would be made much stricter. Unemployed people collecting government payments would be required to clean up parks, volunteer at community charity organizations, pick up trash along highways, fix and paint houses in their neighborhoods and generally keep busy in a productive manner for society.

A free market method for stabilizing the housing market would be for banks to voluntarily reduce the mortgage balances of underwater homeowners in exchange for a PAR (Property Appreciation Right). The homeowner would agree to pay off the PAR to the Treasury (and administered through the IRS) out of future price appreciation on the existing home or subsequent property. The homeowner would be excluded from taking on any home equity loans or executing any “cash outâ€

Since the 80's huge dollars have been made by the rich via outsourcing and shipping manufacturing to the third world so we've arrived at the point where we are losing the middle class and for certain freedom I believe those in power who know or see this but do not want to change the status quo for fear of there loss of huge profits and some believe like the administration that we should be a rich/poor society thus put us on a level playing field with the various third worlds, either way middle class Americans will lose.