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Sense on Cents Request: Your “Solutions for America”

Posted by Larry Doyle on July 17, 2012 7:49 AM |

A few days ago I received a comment from a regular reader which really resonated with me. In response to my commentary recommending that people be required to complete high school or the equivalent as a prerequisite to receiving any form or substance of government assistance, this reader wrote,

“It’s about time you came up with an issue that is fixable…”

Despite the fact that I fervently believe all the issues I broach are fixable if the requisite transparency is applied and the subsequent truth is embraced, I understood the reader’s point and he got me thinking.

Does anybody doubt that our politicians are all too often engaged in chasing their tail and looking for campaign funds? While those in Washington talk to themselves and their cronies, let’s direct our own focus and generate what I would deem as “Solutions for America.” Your assistance and support in this exercise and effort is requested and appreciated. 

Do not think for a second that ideas expressed here will not quickly work their way to Washington. I can share with you that individuals from many public offices in Washington and around the country read this blog everyday. On that note, I will prime the pump and put forth a handful of my “Solutions for America.” Please speak your mind and do not be bashful. In no order of priority I would recommend the following Sense on Cents “Solutions for America”:

1. A high school diploma, equivalency degree, or trade certification is a prerequisite for receiving any form or substance of government  assistance. (My Sense on Cents Solution for America; July 15, 2012)

2. Financial self-regulatory organizations no longer can operate under the umbrella of “absolute immunity“.

3. Each and every government agency and associated entity, especially all financial regulators, must operate under the Freedom of Information Act.

4. Every financial transaction, be it a mutual fund or a mortgage, must have a simple, separate, and highlighted listing of all fees and expenses associated with the transaction.

5. I am firmly convinced that bad practices within our financial industry would be exposed if whistleblowers were truly protected. To this end, I am so convinced that we need a separate Office of Whistleblower Protection for protecting the identity of those who have to this point put themselves in professional harm’s way.

I could go on at length but I want to hear from readers. What are those issues you would like to see addressed and specific solutions you would propose?

The floor is open….navigate aggressively and let’s spread some real sense on cents across America!!

Larry Doyle 

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • Jeff

    Here are a few of my suggestions –

    Rename all tax expenditures as “reimbursements” on tax forms and make people actually apply for them just like people apply for welfare programs that are appropriated like food stamps. Let’s call taxes taxes and spending spending so we can actually have an apples to apples discussion about what we tax and what we spend as a nation.

    Require any declaration of war or authorization for use of force be accompanied by an immediate .5% increase in all marginal tax rates for people not in the military to pay for the subsequent military activity. Those of us who choose not to pay for our freedom in blood should pay for it in treasure and not pass the cost of our freedom onto our children.

    Abolish the practice of Senators putting holds on nominations. Any Presidential Nominee for the executive branch should get an up or down floor vote within 120 calendar days of nomination or be deemed confirmed by unanimous consent of the Senate.

  • Andrew

    How about we begin by televising the FOMC meetings in real time? What is it about these confabs that is secret? The Fed clearly has a major influence on the economy, why not make the meetings public? It is called the “Open Market” committee, after all.

  • fred

    One cannot serve two masters.

    Ban the concept of a “Chinese Wall” in the financial industry, clearly it does not exist and never has.

    If a company wants to do a particular type of business, it must refrain from conflict of interest situations with it’s clients.

  • Huckleberry

    I think our entire Constitutional arrangement is showing its age.

    How about convening another Constitutional Convention, and maybe writing a new one, a document more in keeping with an age of universal suffrage, and flush toilets?

  • LD

    Most Americans think there are too many people on welfare who should not be getting it and believe overwhelmingly that those who do receive welfare benefits should be required to work.

    A new Rasmussen Reports national telephone survey finds that 83% of American Adults favor a work requirement as a condition for receiving welfare aid. Just seven percent (7%) oppose such a requirement, while 10% are undecided. (To see survey question wording, click here.)

    The survey of 1,000 Adults was conducted on July 16-17, 2012 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

    Rasmussen Poll

    • Huckleberry

      Did the Rasmussen poll ask about corporate welfare (Paulson’s Bailout, TARP, TALF, ZIRP, QE) or just Aid to Families with Dependent Children?

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