g5000
Diamond Member
- Nov 26, 2011
- 125,230
- 68,949
- 2,605
Maybe I'm too conservative. I can resolve the debt problem in two very simple steps.
1. Ban all tax expenditures.
2. Raise the Social Security and Medicare eligibility ages to 70, and index them to 9 percent of the population going forward.
Done!
We'd be rolling in cash, running a surplus, and would be able to substantially lower everyone's tax rates with just these two things.
You have to wonder why the GOP won't buy the first one, and why the Democrats won't buy the second one.
The reason is simple. They aren't really interested in balancing the budget. It is more important to hand out gifts to get re-elected than it is to do what is good for the country.
1. Ban all tax expenditures.
2. Raise the Social Security and Medicare eligibility ages to 70, and index them to 9 percent of the population going forward.
Done!
We'd be rolling in cash, running a surplus, and would be able to substantially lower everyone's tax rates with just these two things.
You have to wonder why the GOP won't buy the first one, and why the Democrats won't buy the second one.
The reason is simple. They aren't really interested in balancing the budget. It is more important to hand out gifts to get re-elected than it is to do what is good for the country.
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