Thursday, April 14, 2011

Government Budget Solution

There are certain taxes that are raised for a specific purpose. Examples are Medicare, Social Security, Disability, Unemployment, 911 system, Transportation etc. Each of these classes of taxes are to be kept in separate accounts and budgets, accounted for separately and only used for their intended purposes. What is not to be spent in one year would be carried over to future years. Food safety should have its own separate tax as should such other functions as the SEC. All regulatory functions would have its own separate industry tax budgets and accounts. Some of these areas are not the function of government and should be phased out, such as Medicare and Social Security. Others are not the realm of the federal government and should be managed at the state and local level. Other things that the governments do should be phased out and picked up by private organizations or not done at all.