Posted by: Scott Lee | September 23, 2008

Maybe Congress needs a kick in the head

It worked for Chuck Norris!  And he seems to be smarter than just about everyone on The Hill. 

Chuck Norris tells us the solution to our economic woes: go back to the founders’ financial advice:

1. Keep spending within constitutional limits. The Tenth Amendment restricts the size of government, and that should always bear out in the federal budget and spending. That means understanding income and export taxes were unconstitutional to our founders, which if applied today would be two of the greatest economic stimulus packages.

2. Don’t bail out debt with more debt. George Washington wrote in 1799 to James Welch, “To contract new debts is not the way to pay for old ones.” Thomas Jefferson similarly admonished Samuel Kercheval in 1816, “To preserve [the] independence [of the people], we must not let our rulers load us with perpetual debt.”

3. Return to a pay-as-you-go government. If we don’t have the money, we don’t spend it. Period. No more debt. No more bailouts. No more spending. As Thomas Jefferson once wrote to Fulwar Skipwith in 1787, “[T]he maxim of buying nothing but what we had money in our pockets to pay for …[is] a maxim, which, of all others, lays the broadest foundation for happiness.” (Some are quick to point out that Thomas Jefferson financed the Louisiana Purchase with government loans, but they overlook the fact that Jefferson’s administration lowered the federal deficit by nearly one-third in his eight years in office.)

4. Tax for imports, not exports or anything else. Our earliest government’s primary tool to raise revenue was from tariffs. Obviously, we can’t raise all the monies our government now needs by imports alone (because of its excessive taxation dependence through the decades), but we need to return to our founders’ simple taxation system. That is one reason why I say abolish the unconstitutional IRS and implement a Fair Tax. Early Americans did not pay income taxes, export taxes, capital gains taxes, estate and property taxes, corporate taxes, social security taxes, gas taxes or any of the rest of them we pay. However, our founders did build revenue by requiring import taxes from those who wanted to sell us their goods. The fact is, most of our taxes are unconstitutional and would therefore be illegal to our founders. We must appoint only elected officials who want to scrap the present tax code and return to a fair or flat (consumptive) tax system, which doesn’t penalize productivity and will bring American manufacturing back within our borders. As James Madison said in his “Address to the States” in 1783: “Taxes on consumption are always least burdensome, because they are least felt, and are borne too by those who are both willing and able to pay them; that of all taxes on consumption, those on foreign commerce are most compatible with the genius and policy of free States.”

5. Get over the greed. We’re in this financial mess because of greed. Why is government spending out of control? Greed. Why do we as individuals and as a nation keep falling deeper into a pit of debt? Greed. We need, we want and we have to have it. We can’t afford it, but we can’t say no. So we charge it, deferring the penalty. We can’t blame it all on the government, because we appoint our representatives and many of us struggle with greed just like them. If not, then what is it exactly we’re expecting our future presidential choice to do for us, and how is he going to pay for it? Alexander Hamilton, the first secretary of the Treasury, believed a government that could use greed to motivate its people would become powerful and wealthy. Unfortunately, he was correct. We’ve become a nation that confuses our needs and greeds – and we’ve got to get back to the basics if we’re ever to understand and overcome the heart of this financial crisis.

Kick’em in the head!

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