I am not yet ready to concede an optimistic economic future to the liberal Democrats without a fight. I am not an Ivy League economist, but we have been consistently successful in our 20-year-old business. As a business owner, I always apply the KISS (Keep it Simple, Stupid) solution to intractable problems. I recommend that the president apply the KISS solution to America’s fiscal problems.

The first KISS solution is “do not spend money you do not have.” That means no more spending programs, period. The second KISS solution is “cut budgeted spending until it is less than government revenues.” The third KISS solution is “stop borrowing money that our children will have to repay.” The fourth KISS solution is “stop enacting regulations and taxes that discourage growth in the private sector.” The government generates much more revenue from a fast-growing economy than it does from higher tax rates in a slow-growth economy. 

Of course the president is too sophisticated to apply the KISS solutions. The Ivy-League-trained leftist politicians and bureaucrats in Washington are much smarter than the rest of us. They apply discredited Keynesian theories and models that only Ph.D.s understand. The best example is how Congress justified borrowing $860 billion for a stimulus bill that was designed to put Americans back to work. Instead of keeping unemployment from increasing beyond 8 percent as intended, unemployment increased to 10 percent. You don’t need a Ph.D. in economics to understand that borrowing from Peter to pay Paul will not solve your financial problems.

The KISS solution is a much more pragmatic approach to solving America’s fiscal problems than increasing spending across the board. I don’t know about you all, but I’m ready for some serious change come November.

Williams is heard daily on Sirius/XM Power 169, 7pm-8pm and 4am-5am, M-F.