What I would do:
1. Legalize Gay Marriage (because all marriages cost lots of money wether they be gay or straight)
2. Legalize Marijuana for Sale, keep it regulated (ask for I.D., etc.)
3. Legalize Prostitution, moderate it (like the porn industry) to keep it safe and put much less money in the hands of criminals since a majority of all prostitution is to fund criminal and gang-related activities
4. Get all soldiers back to the U.S., get them working and spending (let the "terrorists" do as they like in their own country since this war is basically pointless)
5. Fix energy problem (stop off-shore drilling and implement more land-drilling to create more jobs and make it slightly safer for the environment; build more solar panels, windmills, etc.)
6. Slightly increase taxes of upper-middle class and above, and decrease taxes of lower-middle class and below
7. Stop printing as much money
8. Stop printing "In God We Trust" on the dollar, since printing "In God We Trust" is a violation of the seperation of church and state, and also uses a fraction of a pennies worth of ink. Over time that cost builds up and with as much money as we’re printing currently, that only adds to the national defecit.
9. Tax all places of religious worship
10. Remove all bans of abortion and stem-cell research (without abortion there is no stem-cell research)
11. Not try to bail out miserably failing companies.
12. Stop it with the stimulus packages, we’ve tried three, two of them huge, and only created 20,000 jobs.
13. Stop buying everything from other countries.
14. More funding in space projects. Create jobs and interest kids in engineering.
15. Stop making pennies since it costs more than a penny to make a penny.
16. Introduce some sort of pay scale for high-paying jobs and do something about these bonuses for bank managers and such.
17. Have most, if not all, major sports franchises and leagues widely owned, and introduce a new CBA for each league which doesn’t allow for outrageous pays.
18. Switch from unit banking system to a branch banking system
19. Don’t "leave it to the market." Some situations should require intervention, especially oil.
20. Minimum voter IQ, as well as mandatory voting or voting that requires a tax to get out of
21. Pay science, engineering and math teachers more money so that higher qualified people from the field will interact with students.
22. Place restrictions on quantitative finance methods, hire better educated financial experts who are focused on sustainable business and not short term maximization
23. Raise tariffs
24. Increase minimum wage
25. Lower minimum drinking age to 19.
With more money in circulation, the national debt will be gone very soon.
Keep in mind, I’m far from an expert when it comes to economics, but what I do know about economics is that by doing these things the debt will decrease greatly.
Your ideas?
right on. i like all these solutions
legalizing marijuana for sale! its a major cash crop. that alone would help the economy