Quote:
Originally Posted by Dusty
What it is is fiddling while the Country burns. A diversion.
1. Maintain the Bush tax rates (as opposed to raising taxes.)
2. Eliminate the capital gains tax. This will release tons of venture money, and create hundreds of thousands of jobs.
3. Repeal Obamacare.
These baby steps could turn this behemoth around. Right now we're heading due south economically.
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I think the jury is still out on the President Bush tax rates and whether they were affective or not.
I think that it's going to take a lot more drastic action to fix our economy. Without getting into specifics: flat tax, Congressional term limits, near fanatical micromanagement of unemployment and welfare benefits so only the worst cases are eligible, removing tax breaks completely. Is the majority of America (staunch conservatives included) ready to see 20-30% of our population go through that hardship? To see the crime rate skyrocket until people figure out that the free rides are all gone. I think we can all agree that the answer is no.
When tens of thousands of people were losing their houses because they shouldn't have had them in the first place the popular chant (staunch conservatives included) was "government do something!"
For me, the bottom line is something is better than nothing. Small steps are better than no steps at all. Kudos to the current regime for making a IMO good decision although it will ruffle some feathers.