auditor0007
Gold Member
I am a fiscal conservative who feels that Boehner and the Elders have not stood their ground on demanding real cuts and a balanced budget where the new Republicans take their job more seriously and want to represent their constituency as they voted them in...to make a difference for the country.
That being said, I see problems with not taxing the rich more but allowing them still to hire, enough to cure our unemploymnent problem.
We have to remember when our soldiers come home, there will be more leaving the service and looking for jobs that just won't be there. We can't wear Dem or Rep blinders any longer. We have to look all around us.
Keep watching Greece. Our future lies there if we aren't careful. We have to work together. Let's forget the party labels.
The only way that we are similar to Greece is that we have wracked up more debt than we should have. The big difference is that our deficit is easily fixable if both parties would commit to some compromises. Taxes are at the lowest levels in sixty years, yet the Republicans insist on no tax increases and even continue to push for more tax cuts. The idiocy of that is what made me leave the Republican Party. On the other side, there isn't enough real interest to make the significant cuts necessary. And the truth is that the cuts need to be made in Medicare and SS whether anyone likes it or not, because those are the programs that are going to destroy us in the long run if we do nothing.
Spending is currently about 25 to 26 percent of GDP. It needs to be reduced to 20 percent, with a long term goal of 22 or 23 percent, including the funding of Medicare and SS. Revenue is currently sitting at 14 to 15 percent of GDP. The solution is simple; raise taxes so revenue gets back to 18 to 20 percent of GDP, and reduce spending so it gets back down to 20 percent of GDP. If we can run a yearly budget with deficits no greater than one percent of GDP, then future growth will reduce the deficit as a percentage of GDP over time. That is where we are much different from Greece. The US is still growing, not just economically, but in population which is the biggest driving force behind the growth of GDP.
We better figure this out now, because at some point we will no longer be able to count of population growth to grow ourselves out of these messes. That is the problem with Greece.