The United States economy is in an extremely fragile state; budgets have overflowed and ballooned at the expense of the taxpayers. Our economy is one of the key areas that keeps the United States relevant among the world powers. Our government has not passed a balanced budget in a timely manner since 1996 and we have not had a balanced budget that created a surplus since 2001. Since 1969 our government has only passed a balanced budget that created a surplus 5 times; 1969, 1998, 1999, 2000 and 2001. Our national deficit and spending are out of control and need to be controlled.
I propose that we force our government to pass a balanced budget in a timely manner annually. Excess spending needs to be curbed and eliminated and the money in the budget needs to be directed to the places it is needed most. Oversight and accountability of the budgetary process needs to be emplaced and strictly enforced. Congress needs to push a balanced budget to the Senate by June 31st Annually; Senate needs to pass the final budget to the President of the United States by July 31st Annually; the President needs to sign the next year’s annual budget into law by August 30th Annually. If any part of this process is delayed, that body of the government will go into lockdown and will not be authorized to leave Washington, D.C. until the budget is passed. If the budget is not passed by the start of the fiscal year, the entire budget committee will be permanently removed from ever being able to hold a position on the budget committees again.
I also would propose a bailout program for the citizens of the United States. Our government continues to bail our failed businesses but offers little or no support for individuals who need financial help. I suggest that we create an American Emergency Relief fund that would help those in need through an application process that offers a solution to the immediate problem as well as counseling and training to remedy the source of the problem. This would be a one-time, 0% loan that would be paid back over a determined time-period starting 1 year after approval of the assistance. There would also be a grant program for extreme and uncontrolled, unforeseeable incidents. This bailout program would be funded through a small portion of payroll tax going to the fund and larger corporations paying in a larger portion on their net profits.