So, what can the USA soon to become the USSA do to restore its economy before its becomes entirely a "give-me, give-me..." society that slides into socialism?
First, the USA/USSA needs to stop all foreign aid for a savings of about $40 Billion USD for 2008 and beyond.
Second, pull all remaining military forces out of Europe and the Middle East, and station 2 US Navy aircraft carriers, 1 off the coast of Israel/Syria, and 1 in the Gulf of Oman. The savings will be about $120 Billion USD per year since we are spending about $120 Billion USD in Afghanistan and Iraqi today, and the cost of maintaining the 2 US Navy aircraft carriers would be only $1 Billion USD per year.
The US Navy carriers (Nimitz class) could handle ANYTHING the middle eastern regimes could throw at either Israel or Iraq/Afghanistan.
The protection of Europe should be the interests of the EU (European Union) and Russia. When the 1989 demise of the Warsaw Pact occurred, the US should have left NATO since its need was no longer necessary. It would defused the current problem with Russia and Eastern Europe.
We could have helped the old-USSR breakaway provinces with economic, trade, and technology programs that would have done more to show Russia that we were not interested in humiliating them which I am sure they believe it happening now.
Third, we legislatively prohibit all ear-marks in Congressional spending bills. This alone would save over $40 Billion USD maybe more per year according to the TCS (Taxpayers for Common Sense) 2008 earmarks database.
Finally, prevent the remaining ESA 2008 bail-out monies from being spent which would save over $400-500 Billion USD and maybe as much as $1 Trillion USD.
All said, the savings could be from $1.3 to 2.0 Trillion USD which could be better spent at home. The next post will specify how to spend the savings to immediately stabilize the economy and get the recovery back on track.
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