Jump-Starting Real Job Creation in America; At No Increase to the National Debt While Achieving a Balanced Annual Federal Budget Within Five Years

It is said that one measure of true literary talent is the ability to interpret and communicate complex ideas in simple terms. Indeed in his third book in as many years entitled Jump-Starting Real Job Creation in America author Gary R. Patterson has met that bar in his own insightful thought-provoking and analytical signature style. In layman terms Patterson demystifies the seemingly daunting interrelated economic challenges of our time confronting this country of 1) Job Creation; 2) Tax Reform; 3) Entitlements and 4) eliminating Annual Trillion Dollar-Plus Federal Deficits and balancing the Annual Federal Budget within as little as five years. However rather than merely defining problems Patterson further offers common sense achievable solutions that are financially actuarially and demographically justified. Moreover Patterson specifically itemizes and quantifies the requisite dollars-and-cents sacrifice that must be borne equitably by all; which especially with regard to the issue of Entitlements no one - neither The President nor Congress - has yet dared to grapple with to this very day. Indeed Patterson manages to reduce and present his Annual Balanced Budget Computations to just a single page! The Good News is if adopted Patterson's Entitlement recommendations in particular would preserve full benefits for both Social Security and Medicare going forward A) in their present form (i.e. no cuts) and B) at the current minimum qualification.After three years of failed Obama Administration economic policy based on Keynesian Consumer-driven Demand emphasis must finally shift to monetarily incentivizing Employers through tax policy to again begin hiring. The optimal Private Sector Jobs Creation Solution - to a nation reeling from a net loss of 8 million jobs since 2008 - can be achieved through targeted tax policy which will financially incentivize Private Enterprise to hire; yet without adding a single Dollar to the Deficit or National Debt. Specifically a Private Sector Job Creation initiative could be implemented that would significantly lessen the financial risk to Employers of hiring new workers - contingent upon the offer of a lucrative Sustained Jobs Creation Tax Credit per employee hired. What's more what if the financial incentive to hire employees became so lucrative and enticing that existing businesses would be compelled to do so if for no other reason than out of concern that if they don't their competition will? In particular the Sustained Jobs Creation Tax Credit as recommended herein is projected to cost approximately $63 Billion over two years but will in effect be paid in the form of a tax credit generated from new employee payroll taxes paid by Employers in prior years - thus not requiring any upfront Federal Funding. Further by comparison although substantial the $63 Billion projected cost is less than 10% of the cost of the entire Obama Stimulus Bill. Moreover at a projected cost per job of $14000 the Sustained Jobs Creation Tax Credit as recommended herein is tens of thousands of dollars less when compared to 1) the Obama Stimulus Plan ($238000 per job); 2) Cash for Clunkers ($86000 per job) or 3) Cash for Caulkers ($80000 per job).Finally in conjunction with comprehensive Corporate and Individual Tax Reform this book details exactly how to incentivize and compel Existing Established Businesses and U.S.-based Multi-National Corporations in particular to move their collective $2+ Trillion of capital currently sitting on the sidelines both domestically and overseas back into the United States to invest in Jobs Creation in this country. Once achieved a recovery of a projected eight million sustained long-lasting jobs in America will indeed mightily contribute to a balanced Annual Federal Budget (as detailed herein) within five years.