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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (17912)	2/5/2024 12:25:43 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 26806

Yes. The debt is long term problem. And if you listened to Powell's 60 Minutes interview this Sunday, he said as much. When the economy is out of the woods, the government should raise taxes and reclaim the money it doled out. But the way the US elections are structured, that is political suicide. There are actually organizations that push to oust anyone who votes for a tax increase. Which is absurd. There are times to lower the taxes and there are times to raise them as economy expands and contracts - or as national needs dictate. I am in favor of passing a bill that says any congressman that has not voted to retake any expenses they approved during their next term is ineligible for reelection. This way the government has the flexibility to spend when it has to, but is forced to do it intelligently because if they don't take it back next term they will be out. In fact, this should not be limited to the congress, I'd add the president in that bucket too. If you expanded the spending, you need to schedule for it coming back during your term or you're out.