A Unique Approach - "The Bonus Plan to Save America"

Hi Folks,

I have a very intelligent friend in Portland by the the name of Matt Samwick. Matt is an original thinker. Because I love incentive plans, I think he is onto something, here. Below is Matt's blog post from March 4th. His posts can be found at dontes.blogspot.com . My advice is to subscribe to his posts, because he does not post often (yet). You will always be entertained and enlightened by Matt's takes.

Until next time,

Chuck

The Bonus Plan to Save America

Stop Criticizing Big Bank Bonuses

Well if you can’t beat’em, join them. The issuing of big bonuses in the face of not being able to afford them is not always a bad idea. Here is the plan in a nutshell:

Essentially, America’s decisions, material or not, are being made in Washington by persons who are susceptible to lobbying. Those lobbyists create incentives for Senators and Representatives to vote according to the narrow agenda set by those who the lobbyists represent rather than for the good of America as a whole. Over the past decades or longer, the American people have suffered greatly and now America is financially crippled. For example, how did unregulated Credit Default Swaps become acceptable in the minds of the public stewards in Washington? Notwithstanding how or why, the reason we are here today is that we do not pay our Congress people near enough.

No lobbying firm, however, can match the power of the US Treasury. The people should demand that Congress be put on a very simple bonus plan. Every Congress person who serves during a legislative session which actually passes a budget that cuts spending 10% or more from the prior year should be eligible for a $5 million dollar bonus, payable immediately after the budget is passed. We spend less than $2 billion dollars in bonuses to ensure we cut spending hundreds of billions of dollars. Those unspent billions can then be used to pay down the national debt while the people who voted to reduce America’s spending are handsomely rewarded.

Year over year hundreds of billions will go to pay down the national debt. America could amortize anything with that kind of payment each year. Also, with this new incentive plan, the most talented people will run for office. Finally, the lobbyists would have to work harder and harder for less and less of the budget pie. It is all good.

If the greed of recent day demonstrates anything, it demonstrates that this plan is infallible. Let's get America going again by issuing these giant bonuses. We can thank the bankers later.

Posted by Matt Samwick.

545 vs 300,000,000 - I Could Not Have Said It Better

Hi Folks,

This was sent to me via email. Charlie Reese, a former Orlando Sentinel reporter, wrote this piece. Tomorrow I will share the thoughts of a friend, Matt Samwick, who is a great thinker.

Until next time,

Chuck


545 vs 300,000,000

EVERY CITIZEN NEEDS TO READ THIS AND THINK ABOUT WHAT THIS JOURNALIST HAS SCRIPTED IN THIS MESSAGE. READ IT AND THEN REALLY THINK ABOUT OUR CURRENT POLITICAL DEBACLE.

Charley Reese has been a journalist for 49 years.

545 PEOPLE
By Charlie Reese

Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

You and I don't propose a federal budget. The president does.

You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don't write the tax code, Congress does.

You and I don't set fiscal policy, Congress does.

You and I don't control monetary policy, theFederal Reserve Bank does.

One hundred senators, 435 congressmen, one president, and nine Supreme Court justices 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a president to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash.
The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The president can only propose a budget. He cannot force the Congress to accept it.

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? Nancy Pelosi. She is the leader of the majority party.

She and fellow House members, not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million can not replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it's because they want it unfair.

If the budget is in the red, it's because they want it in the red .

If the Army & Marines are in IRAQ , it's because they want them in IRAQ

If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are their bosses.

Provided the voters have the gumption to manage their own employees.

We should vote all of them out of office and clean up their mess!

Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.

What you do with this article now that you have read it.......... Is up to you.