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Tags: Balanced | Approach | Shared | Sacrifice

A ‘Balanced Approach’ and ‘Shared Sacrifice’

By    |   Friday, 20 April 2012 09:01 AM

Many of President Barack Obama’s minions like to talk about shared sacrifice and a balanced approach to solving our deficits

However, my ideas about what is “balanced” and what is “shared sacrifice” differ from his vision.

I will outline my case. You can tell me if you like his idea or my idea.

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Since we are all sharing in the sacrifice, I feel that vacations by the first family should be limited to no further than three-hour plane rides from Washington, D.C.

I am not begrudging the president and his family to as many vacations they feel are necessary.

However, plane rides to Hawaii, Mexico and faraway foreign countries need to be eliminated.

The president pays for his lodgings but Secret Service and transportation costs millions.

You can't personally ask the U.S. taxpayer for shared sacrifice and not do so yourself.

If the first family wants to accompany the president on official business all over the world, I have no problem with that.

But I don't want the Obama family to take two separate planes to Hawaii annually, which is a huge waste of fuel and taxpayer money.

It isn’t about the amount of money spent but that people in government need to spend less of the taxpayers’ money.

Also, a balanced approach is supposedly for tax raises and spending cuts.

My suggestion is to cut every government employee’s salary by 15 percent and those government salaries above $125,000 by 30 percent.

Every department budget would be cut by 30 percent to prevent the GSA abuse of taxpayer money.

We will have no problem finding replacements for those who are insulted by these cuts.

The private sector isn’t being paid by the taxpayer like government employees.

All members of Congress, however, would lead by example and take a 60 percent salary cut. The pay for their staffs and budgets would be cut by 50 percent.

Editor's Note: Inside the World’s Greatest Retirement Lie
Find Out the Truth, See the Details.

I mean, “shared sacrifice” does mean everyone makes some sort of sacrifice, right?

However, in years when the government runs a deficit above $500 million, government salaries in the next year will be cut by an additional 20 percent and congressional salaries will be cut by another 50 percent.

This will make government employees think twice before foolishly spending money or attempting to expand government.

However, in years when the United States has a surplus above $100 million, government employee salaries will increase by 20 percent during the next year from the previous year and congressional salaries will expand by 75 percent.

This idea will put government’s interests in alignment with the rest of the country.

So which plan you like better: Spetrino or Obama?

Please email us at dividendfeedback@newsmax.com with your comments.
About the Author: Bill Spetrino

Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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Friday, 20 April 2012 09:01 AM
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