Article by Tom McMasters
| Executive Summary -- |
| The Co-Chairs of the Debt
Commission (real name is National Commission of Fiscal
Responsibility and Reform) came out with a draft
proposal on how to reduce the National
Debt. This is a good starting point for the
conversation. But I believe we should be more aggressive
then their proposal.
- Tom McMasters |
The Co-Chair's of the Debt Commission released their draft proposal. Of course, the fifty slide presentation it is not very detailed and the news reports tell us there is oppositions to the report from both sides of the political spectrum. But this is a good starting point for a conversation. My first impression is they aren't as aggressive as they need to be. When talking about Social Security changes taking place 30 years in the future isn't going to help us now. In looking at their medical section I don't think they really understand the medical crisis. As much as 70% of their medical advice is off track. I like the simplified income tax code and wish I had composed the article in my head that promotes getting away from social/economical activism in the personal income tax code (this article when written will conflict with other articles I wrote not too long ago where I promote using the tax code as a means for promoting a social agenda - but I've modified my position somewhat on this subject).
Unfortunately, I don't have time to write out my thoughts tonight. There are many subjects within the report to examine. I'd like to get engaged in a conversation about the most interesting areas. Email me telling me your thoughts on one aspect or another and I'll use that to prompt my next posting.
Have you read my article Did the Bush Tax Cuts Cause the Recession?
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