Mekkar's Restructuring Plan - Economic Matters
(Originally written 1/31/02)

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The domestic National debt would immediately be declared "null & void" by Presidential decree. This measure would allow current deficit interest payments to be used for other badly needed social programs. Too bad for the British, Saudis, Japanese & others. These countries need the largest consumer market in the world - The United States.

After cancelling the National debt, run the government (all - including federal, state, county, & city) allowing no deficit spending. Are you allowed to overdraw your personal bank checkbook - without penalty ? No! Plus deficit spending hurts the economy - especially the middle & lower classes.

Federal government owned businesses such as Amtrak, etc. will not be subsized, but will be sold off. All non-essential federal programs (especially the Congressional "pork-barrel" programs) will not be funded, whatsoever. No more bailouts, of any kind, toward any company or industry will occur. Those that are in the process of being "bailed-out" will be "cut-off immediately. Think of who benefits from the "bailouts"! The commoner ?

No executive will earn over a maximum salary (annual total gross income from their employer) of $1 million per year (including various benefits and bonuses). These executive officers have had their salaries and benefits increase ten-fold while the same companies are laying-off thousands of workers. This trend will be Stopped!

A freeze & a 10% rate reduction on energy consumer prices will be placed upon all utility companies (The average person is being taken advantage of, by companies knowing that people need these type of goods for survival). Remeber, how California was being charged enormous rates for electricity, however the "rolling blackouts" continued. If Enron went bankrupt, who are the "middle-men" (who made outrageous amounts of cash) ?

A 10% (possibly more) duty increase on current charged rates will be placed upon all importers, banks, barge lines, mining companies, multi-national companies, and drug firms. Since, many of these companies now use "cheaper labor" in developing nations and then import their products. The duties might be increased, by the difference between what the average American worker would recieve and what the cheaper-labor worker actually receives.

One "crooked" industry that has suffered because of their own stupidity is the lumber industry. Logging companies will be required to increase the export sale of each individual log by 200%. Also, each Logging company would be required to build and operate finished wood products plants for every wood gathering & processing mill. The public will not pay 3 times the price for finished word products and goods from countries that logging companies sold "raw" logs to, at very cheap prices, in the first place! Many other industries need the similar resolutions conducted on their behalf - by a strong President.