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Rebuild America - Mike Ball an Tine 2012 Ver 1.1

Rebuild America - Mike Ball an Tine 2012 Ver 1.1

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This is the plan to rebuild America by the Committee to Elect Mike Ballantine President 2012
This is the plan to rebuild America by the Committee to Elect Mike Ballantine President 2012

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Published by: Michael D. Ballantine on Oct 30, 2011
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10/31/2011

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 This is the plan by the
 
Committee to Elect MikeBallantine President
2012
to rebuild America. Instead of a doomsday slash and burn Republican plan or a do nothingDemocratic plan, we propose real change. As a member of theGreen Party Mike puts the well being of our society before thewell-being of corporations. Our committee will choose arunning mate from the Republican party to balance our ticketand give Americans what they are asking for, compromise inWashington.
Elect Mike Ballantine Presidentin 2012www.mikeballantine2012.orgSkype - Mcamelyneinfo@mikeballantine2012.org
Mike Ballantine’s Plan to Rebuild America
.
Help Mike put people back into the constitution.Let’s repair our government, not destroy it.
 
 The Mike Ballantine Rebuild America Plan
2012
Synopsis:
Over the past three years America hasgone through one of our worst periods in livingmemory and it is not over. Republicans want toimpose Greek-like austerity measures on thenation which will deepen the crisis not improve theeconomy. The Democrats do not know which wayto go so they choose a middle of the road plan thattakes us nowhere. However, the Occupy WallStreet movement, the tea party, and others havemade it plain. They want change in Washingtonand here is what they want. They want good governance,accountability, job creation, debt relief, and betterschools. The Republican plan imposes austeritywhich kills jobs; it does not create them. TheDemocrats give us a placebo and hope we cureourselves naturally. Congressman Ron Paul likeany good country doctor tells us to take ourmedicine, it tastes bad going down but in a coupleof years you’ll feel better. We maintain that wecannot wait a couple of years or decades like Japan.
Balanced Budget:
Our plan delivers a balanced budget in 30months. Whereas, we will reduce the deficitsignificantly during the first and second year, untilwe achieve full-employment in the 30
th
month, wewill not see a balanced budget. Unlike other plans,our plan does not depend on cutting entitlementsto achieve success.
Spending Cuts:
Our plan proposes spending cuts duringthe first year of $500 billion. These cuts will comealmost entirely from defense, military foreign aid,the TSA, and rationalization of the Department of Homeland Security. We will consolidate severaldepartments into the department of Commerce.We show all departments to in our analysis toprovide comparative data.
Cutting Government Waste:
We will review all laws and regulationsissued prior to 1980 and eliminate those that areno longer relevant during the first year. We willeliminate all education legislation from Title I to Title VII and consolidate in a new Educationinitiative. We will review the current EPArequirements and look for ways to streamline themto promote jobs. We will consolidate the FederalPension scheme into Social Security and offer anew investment vehicle for Americans. We willconsolidate Federal Health Insurance and VeteransHospitals under Medicare without reducing VAbenefits. We will propose cutting Executive andCongressional salaries by 50%.
Taxes:
We will lower the corporate tax rate forcompanies that are 50%+ employee owned to 25%while raising the corporate tax rate for othercompanies to 50%. Corporations will face taxpenalties if Executive pay is more than 10 timesthe average wage of employees.
 
We will eliminateall deductions and raise the minimum taxableincome to $50,000 per person and extend aprogressive tax rate from 5% to 50% on individualsearning between $50,000 and $500,000 or more.Individuals earning above $1 million per year willpay a surtax on the earnings of up to 95% to yieldan additional $100 billion a year to the treasury.Long-term capital gains will have a separate taxstructure to encourage savings, whereas short-term capital gains will be taxed as ordinaryincome. Interest on savings will not be taxed.
Regulation:
We will propose legislation to reinstate theGlass-Stegall act with certain modifications forInternet banking. There will be a size limit onfinancial institutions and the too big to fail bankswill be broken up. All new regulations will have a20-year sunset provision to require reauthorization.
Consumer Debt:
We will use the authority of the FederalReserve to implement a consumer debt relief package in the amount of $5 trillion employingassets held on account at the FED. We will allocate$3 trillion to underwater mortgages to reducebalances and refinance them under FHA styleprovisions. We will allocate $550 billion to reducesub-prime mortgages by 50% allowinghomeowners to reoccupy homes if they chooseunder new FHA style loans. We will allocate $575billion to reduce the first $10,000 owed by studentsand 50% of the remainder. The balance of ourfunds will be available for Medical debt relief, credit
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 The Mike Ballantine Rebuild America Plan
2012
card debts of long-term unemployed, andemergency relief efforts.
Universal Health Care:
We believe that equal access to health careis a fundamental human right of any developednation. We will extend Medicare to all Americancitizens without pre-conditions. Employers canchoose whether to continue to offer healthinsurance to their employees or offer supplementalpackages to enhance their employee benefits. Thiswill provide immediate relief to the 49+ millionuninsured. We believe that the current situation isa national emergency and we will treat it as such.
 Job Creation:
 The Federal Reserve has two mandates:maintain full-employment and control inflation. Webelieve the FED has abandoned those mandates tokeep interest rates artificially low and prop-up thestock market at the expense of savers andworkers. We will instruct the FED to establish aninfrastructure bank under its first mandate with thesole purpose to create jobs. As of October 15
th
,2011, there was approximately $2.6 trilliondeposited in banks earning zero% interest . Wewill authorize this new bank to issue 20-year bondsand to absorb $2 trillion in initial financing for aseries of projects listed on our website. We willcontinue to finance projects over the first 30months of our administration until we reach full-employment. We estimate the total financingrequirements will be $5 trillion although some of that money will be authorized as loan guaranteesnot direct financing. Priority will be given toAmerican companies that are employee ownedwith deferred principal payments and subsidizedinterest rates to support start-up companies. The second mandate will be changed toinitiate a zero% inflation policy at the FED. Thiswill cause interest rates to rise immediately by 2%and we allow for the additional interest expense inour budget. There is nothing more important thanmaintaining a stable value in a nation’s currency.We will no longer drive our economy on debt, wewill drive it on productivity.
Education:
Our budget includes an increase of $100billion each year as a ‘Marshall Plan” for our inner-cities. We will provide minority scholarships totrain 250,000 teachers and offer two-year pre-college scholarships to unemployed inner-cityyouth. Further we allocate $50 billion annually inblock grants to local communities to convert overto an ‘ABC’ high school program of vocational/technical/academic tracks. Finally wewill negotiate with colleges around the nation toprovide aid based on the salaries graduates canexpect from their studies not the price the schoolwants to charge.
Space:
We believe that investing in space andspace-related technologies holds the key to ourfuture success and we propose a $100 billion peryear plan as part of our infrastructure program.Our proposed Moon/Mars plan can be found on ourwebsite.
Clean Energy:
We believe that we must first achieveenergy independence to end our foreignadventures. The second phase is our investment inrenewable energy through our infrastructure bank. The third phase is to begin replacing ourautomobiles with electric cars through agovernment subsidy for batteries paid for by a 5%tax on fossil fuel generated electricity. We believethat with smart investments and planning we canreduce the consumption of non-renewablesnamely, oil and coal by 50% over a 20-year period. To begin repairing the damage to our eco-systemand help reduce the amount of CO2 in ouratmosphere we propose a 1 billion tree plantingprogram across the nation.
Conclusion:
 The Ballantine campaign offers the onlyrebuild America plan out of all the candidates thatmeets the needs of most Americans. The votershave a choice, face austerity like Greece, muddlealong for lost decades like Japan, or reinvigorateour nation building a better tomorrow. Join us, andhelp insure America stays number One.
www.mikeballantine2012.org
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