I talked about this yesterday, but I wanted to put it in Nealz Nuze today for two reasons:

1. If you disagree I want you to put your thoughts in writing and add them as a comment to this section of the Nuze.
2. I wanted to give other radio talk show hosts who use my program notes an opportunity to present this idea to their listeners.

Obama's grand stimulus plan is going to increase our budget deficit - and our national indebtedness - by over one trillion dollars. The idea, of course, is to pour this money into our economy right now and get things kicking, then we worry about paying it all back later ... like when the burden falls on our children and grandchildren.

So we can assume, I guess, that the goal here is to get money into our economy to kick start things. I see a few choices here. First, we could borrow the money as Obama has done. Second, we could raise taxes on the evil rich and let the government spend their money instead of them. Third, we could find that trillion dollars somewhere else and bring it home to work in our domestic economy.

Hmmm ... find a trillion dollars? Sounds like a pretty tough assignment, doesn't it. But would it really be all that hard?

Let's look overseas. Why? Because a lot of American individuals and businesses have a lot of their money in overseas accounts and investments where that money can work and grow without being subjected to our punishing taxes. Remember, the United States has the second-highest corporate tax rate in the industrialized world. Just how much American money is working overseas in dollar-denominated deposits? Estimates vary, and the global economic downturn certainly has affected this number, but a few years ago a good estimate would have been around $12 to $13 trillion dollars. Who knows.. maybe that figure is around $8 trillion now .. but whatever, there's your "found" trillion dollars. All you have to do is bring that money home.

Now what happens to an individual or business that brings some of these overseas earnings home? Taxes, that's what. The federal government steps in and takes sometimes up to 25% of that money and pours it into its various vote-buying projects. So ... the money stays overseas.

Well ... what about this plan. What if, instead of creating one-trillion dollars in increased deficit spending, Obama were to have asked congress to declare a one-year tax amnesty on American funds invested abroad. What if these individuals and businesses could have brought that money back home to work in our economy with no tax consequences whatsoever. Do you think that a tax amnesty program for offshore investors might bring back at least one trillion dollars? Who knows? Maybe two, three or more trillion! This has been done before, my friends, and it worked.

Now let me tell you why this plan may not sit well with the Obama types in Washington. The problem, as they see it, is that if some sort of tax amnesty is declared - if investors are allowed to bring their money home without having it plundered by the government - then that money is going to end up in our economy. Fine. But it won't be the government spending that money, it will be private companies and individuals. In other words, the hated private sector. If these funds bring about an economic recovery it would be private sector spending that would get the credit .. not government spending. This doesn't work for Democrats and it doesn't work for Obama.

You see, my friends ... there is a way to pour trillions of dollars into our economy without putting us any further into debt; without giving our children and grandchildren a huge bill they have to pay. This solution doesn't empower government ... so it sits on the sidelines.

Now ... your comments please? Tell me where I'm all wet on this one.