Balanced Budget: - Choices

• Institute spending caps and a strengthened pay-as-you-go (PAYGO) statute.
• Establish a Disaster Fund (as with any entity we must account for all possible risks)
• Fully Fund All Trust Funds (Borrowed Funds to receive risk free interest rate returns)
• Impose three years pay freeze on congressional members and staff.

• No reduction in Social Security Retirement System benefits rather raising the on wage earnings subject to the Social Security tax. (Entire projected shortfall erased)
• Reduce poverty by providing an enhanced minimum benefit for low wage workers.
• Enhance benefits for the very old and long time disabled.

• Support the bipartisan Sustainable Defense Task Force recommendations ($960 billion)
• Reduce federal travel, printing and vehicle budgets.
• Reduce Agriculture Program spending (over reasonable time frame).
• Require Tennessee Valley Authority to charge market rate for electricity transmission.

• Repeal the BUSH-ERA tax cuts for top earners in America.
• Reenact an Estate tax with a progressive schedule of marginal tax rates.
• Limit corporate debt interest payments (individuals is already limited)
• Eliminate fossil fuel production tax credits
• End financing tax deferral for financial firms
• Tax capital gains and qualified dividends as ordinary income; to include private equity and hedge fund managers (no longer allow them to pay “carried interest” tax as a capital gain but as ordinary income).
• Enact a financial speculation tax.
• Reinstate the personal exemption phase out for high income earners.
• Move to a competitive territorial corporate tax system.
• Increase motor fuel excise tax.
• Institute a cap and trade tax/investment program.