Stop all federal withholding taxes
Our leaders in the federal government have no desire to "help the economy." If this was true, our federal leaders would immediately suspend all federal withholding and payroll tax deductions from workers' paychecks. This would immediately put more money in every worker's and every business owner's pocket. This would slow foreclosures and bankruptcies while increasing consumer spending, which would provide more jobs and production that would truly "help the economy." Our leaders can shovel trillions to big banks, but they won't cut loose a single trillion to the citizens and businesses who earned it in the first place.
In the $3.5 trillion annual federal budget, rough numbers show that $1 trillion comes from income and payroll taxes, $1 trillion comes from fees, tariffs and corporate taxes, and the remaining $1.5 trillion is "borrowed," with 80 percent of those "borrowings" printed out of thin air by the Federal Reserve - which is the same as stealing value from the dollars already in our pockets. (That's another letter in itself.)
The federal government itself is the problem, not the solution. It is now the single greatest burden to the economy. If our leaders wanted to "help the economy," they would slash its size deeply enough to live within its $2 trillion annual income with NO deficit. Then they would cut itself in half again to live within the $1 trillion revenue that it receives from fees, tariffs and corporate taxes. Then federal income taxes can be abolished forever as the founding fathers had originally intended. Workers would then rightfully keep all the money they earned instead of being a slave to the federal government for four months out of every 12.
The federal government has become a parasite that greedily ingests the wealth and labor of producers to enrich and grow itself like a metastasizing cancer. Then it recklessly spends what is left on illegal, undeclared "wars," a dozen unconstitutional departments, and social welfare programs that steal from producers to give to moochers as bribes to grease the next election.
Our federal representatives have no interest in derailing the gravy train upon which they ride in first class seats. If they had, they'd demand abolishing federal income taxes, abolishing the Federal Reserve and slashing the size of the federal government to its bare constitutional limits. But none of these things is ever talked about. That silence is all you need to know.
The reason our federal leaders' actions make no sense is because they are not trying to "help the economy." They are purposely trying to destroy it. And when it crashes, it will be important to know who is to blame so the new system can be designed to avoid the same mistakes.
This column was written by Wapiti, Wyo., resident Mike Johnson, and forwarded by Press reader Dean Hirsch. It is published with Mr. Johnson's permission.