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Politics : American Presidential Politics and foreign affairs
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To: CYBERKEN who wrote (10336)7/25/2006 4:04:26 PM
From: Peter Dierks  Read Replies (1) of 71588
 
You have covered both sides of the problem. The essential problems facing the US economy is the excessive taxation and the excessive spending at all levels of government.

Elimination of capital gains taxes, and eliminating all other forms of double taxation address the tax side of the problem. (Dividends and Death taxes as well as SS and MCare are examples of double taxation.)

The spending side of the problem is equally vexing. I am even willing to consider something radical like allocating each Congress Person a percentage of the budget, and they can spend it on anything they want, but for instance (1/438) / 2 is all they can spend on anything.

Today Rush Limbaugh made a dismissive comment about people who recognize the risk of America's economy falling from prominence. I wanted to call and ask him how much over his unrestrained income his spending was. Bankruptcy of the nation is a possibility.
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