I had a thought, since 15 trillion seems to not be an issue - a number that is inconceivable considering no matter what plan to reduce the deficit is forumulated, nothing nears even a trillion...
So I propose that we create SPECIAL MONEY equal to the nations debt and equally distributed to all LEGAL AMERICANS of 18 years and older. Each receives a bundle of this special cash that is monitored and only viable to purchase products that make a qualified list of 100% USA MADE Companies.
I believe it would spur companies to search out and find or create other USA companies that manufacture products solely made here.
The profit from earnings of these monies would be taxable on the sales end NOT the purchase end) and directly pay toward the $15 trillion deficit. the dollar amount (did the math at the Census dept) would be $10.8 Trillion, bring us up to roughly 25 trillion in debt but (as us Fed Employees hear frequently when trying to get a new wire brush or screw driver) we can't buy it, even though there is half a million available "It is OTHER MONEY".
So 10.8 billion would be OTHER MONEY, special money that can only be used for made in USA, sold in USA, bought in USA. Consumers would not pay tax on US Made products, but growth of business in the US would spur, and hopefully beyond the ten trillion. If consumer tax needed to be paid, it should be paid in regular US Currency and THAT used to pay of the deficit.
So what do you think would happen?
I'm hoping it would go well beyond the initial phase where businesses and jobs are created, well beyond the taxation from profit of sales. I would like to think MADE entirely in USA would be a paradigm shift of business.
The special money, tracked electronically to help reduce exploitation and fraud would encourage the proper use.
Could this happen? would it help? Is there anything that could spur growth of US MADE ONLY products? What if the $50K was in an interest bearing account which went toward the deficit and the money withdrawn as was approved for qualification?
Is there any way we could spark internal growth that was sustainable - tax-free purchases using standard free currency for qualifying products and services? Anything?? Is there a way to pump money into the citizens and it spur economic growth? I t seems to me if none of that could work either, then we are truly doomed. I believe we are doomed any way, I don't think this is cyclical and Greece is not the big issue on the International playing field, Spain is - they are a month from bankruptcy.
Their is no President that can fix our problems, I don't think any idealism can either. We are global and global is a pot of clam chowder than has been peed in. No matter how many clams we throw into it, it's now pee chowder and the only place to get rid of it is down the toilet.