New Detroit bailout plan

[catchacab]

The correct way to increase revenue that the government (federal, state and local) collects is not by increasing tax rates, but by growing the economy.  Initially we would have to increase governmental debt, but after the program has met its initial goals we should be able to return to balanced budgets, and pay off our governmental debt completely. 

Governmental debt should only be incurred in crisis (financial or war time), or to fund large scale capital improvements.

On a federal level, pork barrel projects that do not befit the country as a whole should be eliminated.  These pork barrel projects if truly needed by a state, region or locality will now be undertaken by the state, cooperation of a few states or locality.  The President and governors should be given line item veto powers.

Over time, if these plans are followed, we should be able to decrease the federal tax rate, state and local tax rates may increase, but overall the total percentage of a family's income that pays taxes should decrease.