I would pontificate about GM and Chapter 11, but much smarter people are already doing that. My brief take on it......no way they are getting bailed out with this Congress and President, they should be forced into Chapter 11 with government financing on the reorganization. Resisting the bail out pressure will put President Obama to the test.
Sometimes it seems like the whole economy should file for Chapter 11.
Things have gotten so complicated that I am reluctant to contact President-Elect Obama about my two BIG ideas. These are things I have been thinking about for a few years. Maybe I am not the only one who has thought of these things, but for once, I have not googled them because I want to feel like I thought of them. I want to develop them. I want these ideas to be put into action because I know they will work, despite their apparent oddness. I might even let some think-tanks tinker with them, maybe perfect some of the fine points. There may be some possible flaws in these ideas, but I can assure you, they are misguided and can be addressed to the satisfaction of any clear thinking person.
OK....here are the two ideas.....................
1. A cashless economy. I am proposing that we eliminate all cash money except one dollar bills and quarters. All transactions, and I mean ALL transactions, should be on credit/debit cards. I want everything in the economy accounted for and verified. No cash payments for anything. Nobody working illegally, nobody getting paid off the books, nobody skipping out on their taxes. I am proposing that EVERY single person pay ALL of the income taxes (and mandatory health insurance premiums) that they are supposed to, and I CHALLENGE anyone to show me how this will not substantially lower the tax and insurance burden on us all. I mean, you could probably balance the entire Federal budget just on proper taxation of restaurant owners and waiters.
The technology certainly exists to do this. A card for every legal American (oh, and I would grandfather in everyone who's already here, except criminals and people under age 65 who cannot speak English after a two year grace period...but that's another story), which will be security protected for each individual. ALL your transactions are on there....when it's time to file your tax return you just swipe your card and you know where you stand. When you get paid at work, your check is direct deposited. When you need "money" you can swipe your card at an "ATM" and get your dough on your card.
Oh, and don't tell me you don't want "big brother" watching you. I have no problem with Big Brother "watching" me.....as long as he is watching EVERYBODY. This is not about anybody watching anybody else. It's about making things FAIR. 'Cuz you know which part of our economy really needs Chapter 11'ing? All the stuff that's just plain not fair. All the things that really irk fair minded people from all perspectives. I don't like that my taxes are so high, and my crappy business owner health insurance is insanely expensive, but what irks me the most is that if everybody paid, these things would cost less.
My other idea is in the "foreign policy" area. I won't elaborate on it. I will just throw it out there for some thought. I personally think it would work, and would ultimately make the world a better place. Please think about.........
2. Israel as the 51st State.