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As I was growing up my parents were always encouraging me to save 10% of anything I made. Can't say I always did that but with our national debt getting bigger and bigger each day I wonder. For example, if people can contribute 10 percent of her salary to a company 401(k) plan and still maintain the family lifestyle. If a family can do 10 percent, why can't our government reduce spending and why can't our government reduce the exploding national debt. Do they believe they are better at handling money then the average American. From my last 30 year of watching them (meaning our government) they can spend it faster than we can make for them! I read an article and unfortunately nobody took the credit but it was a great idea and I wanted to put in a different light here. But here's my take on what the author was implying that we could do in Washington, Our elected officials can, if we make them. The "how" is the 2 percent solution. The federal government in the year 2013 will spend 2 percent less than it did 2012. The 2 percent reduction is for everything across all spending. In addition, to reduce the national debt, the year 2013 will be a belt-tightening year for every person and every business in the country. Two percent will be withheld from every paycheck in the fashion that Social Security is deducted. Each employer will pay an additional 2 percent per employee. The 2 percent from every worker and every company will go into a debt-reduction fund. Why 2013? That will give us two more years to recover from the financial crisis. That will be the year a president and most members of Congress will be sworn in. The candidates can campaign on a platform of, "I'm the guy who can implement this program" instead of "I promise to oppose everything."Be nice if some of them actually did what they said! We need to pull together as a nation and make "Project 2 Percent" a national goal just like the Chinese did years ago when they wiped out all the flies in China by enlisting every citizen to swat, swat, swat. I know stop laughing but it worked, strange comparison I know but we need to come up with some innovative ways here as a nation to resolve a problem. We can't be everything to everybody and think we can pay for people. Get everybody behind a project, and it will succeed. It won't be easy, and we will need rules to prohibit layoffs, salary reductions, and salary-replacement bonuses in the two years prior to 2013. I can just see the $24 million a year executive begging for a $5 million bonus to offset his 2 percent loss ($480,000). We can't let this happen. Yes, it will affect our war effort, but can't we be just as effective dropping 980 bombs vs. 1,000? And won't a U.S. representative be happy with his $980,000 earmark (vs. $1 million)? I'm not a avid fan or higher taxes but maybe in the short term here but you can't continue to spend and borrow what you don't have coming in. Surviving on 2 percent less won't be easy, but, you know what? We all have done tough things before. And think what a great year 2014 will be when the restrictions are lifted.
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