Want to boost economy? Wiping out debt will do

My plan to fix America:

■ Free up money — All politicians get average U.S. salary ($46k per year). No free meals or housing allowances. They can live dorm-style together. They cannot vote themselves raises. They must show up at work to be paid. No junkets. No gifts. ■ No more money to welfare recipients — They can be housed bunkhouse style and fed cafeteria style, but no money. Use empty warehouses, bigbox stores, etc. [with] in-house nurse, custodian and security. If they want money, they can work. ■ Prison reform — Violent offenders get their individual cells and meals and only come out when their time is up. No TV. No exercise yard. Nothing. Sorry, but they are there for a reason. Lie detector tests become legal. Lawyers do not get a say in this. ■ Foreign aid — Stop giving money to people who hate and don’t respect us, like the U.N., the Palestinians, etc. Invest this money in teachers, K-12, armed forces and police.

■ Build a water pipeline — We will do it for oil, which is a luxury, but not for water, which is a necessity. There is money to be made. We just have to put a lot of it up out front. Other infrastructure: Bridges first, levees, roads, etc.

■ Jobs incentive — Since banks and credit companies always have the money, they will be required to give every working individual who earns less than $50k per year a one-time payment of $5,000. They will get this money back immediately. People will spend it and it will end up back in the bank. This will create an immediate need for all types of products. If credit card companies give this same credit, it also will duplicate this effect. Even if people just deposit the money in their accounts, the banks have it back to lend again, which is their business. Even their business benefits.

Want to fix the world’s economy? Simply wipe out all existing debt: personal, professional and national. What will happen? Everybody, every business, every country will immediately start spending again, creating demand for all products and services.

Face it: No country on earth can ever pay off their debts, so give them a clean slate.

Thoughts? DAVID M. HELLMAN Rogers