Et Tu Brute'

Brute' tells the nation that his Grizzly USA Plan is still the best!

03/February/2012 08:42

The Grizzly Bearish, No Bull Plan, for the Future of United States of America:

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The Federal Reserve’s current two-fold mandate to pursue low inflation and job creation is rescinded and replaced with the goal of providing a strong dollar as the primary basis of national financial security. A gold standard is totally unworkable in the modern world; a strong dollar standard only requires responsible, consistent monetary policy.

Our Federal government’s portion of national GDP will be reduced to 14 percent over a period of ten years. During that period the national defense portion will be reduced to 2 percent of GDP, through the dismantling of the military-industrial-Keynesian-complex. This will very likely produce another recession, but will reset a solid foundation, for future economic growth that looks optimistically forward.

The current progressive income tax will be replaced with a standard flat tax rate on individuals and corporations of 20 percent, with the only exception and exemption for the poorest Americans. This rate will continue until such time as the nation is again established on a sound financial debt-reduction basis. Then and only then can that rate be reduced.

Social Security and Medicare withholdings from individuals will be maintained at current levels, but the cap of total contributions on a yearly basis will be removed. In pursuit of a sound dollar financial monetary policy, those funds will go into a true lock box concept, with no ability of the legislative and executive branches to use those funds; except as truly marketable and repayable investment bond securities.

National catastrophic healthcare coverage will be instituted for all citizens and documented workers, being funded through a national sales tax on goods and services. This tax can be used for no other purposes. That rate will be determined by actuarial data. Within that program every individual will be responsible for the first $50,000 of the defined catastrophic illness or other healthcare event, except for what is currently defined as long-term care, where the maximum individual liability will be $100,000. Individuals will be able to buy insurance to cover those minimums through market-driven insurance options. Over time this national tax will be reduced as current Medicare and Medicaid are gradually phased out over a period of twenty-five years.

The original Grizzly USA post is now found in the Wonder Springs Chronicle Archives.

Tags: Grizzly USA, economics