Another example of the dimbulbs we put in charge of things: Senator Mar Warner (D, VA) shot his mouth off, saying, “There are a wide group of us who believe we’ve got to reform our tax code and reform our entitlement system but if you dig into the numbers, you can’t cut and tax your way alone out of this challenge around the debt…”
Um…yes, you can, but you and the rest of the irresponsible turds in DC will not. 1) Level the tax code (he admits they have to reform it…they just won’t) with a flat tax, no exemptions and deductions. Make capital gains like an IRA — keep it in investments and you don’t pay on the profit. Allow companies to repatriate their overseas cash without tax; it gets it into our economy…a better thing than the tax income. 2) Cut federal spending dramatically — at least 50%. 3) Have the president sign an executive order declaring all regulations not passed by Congress unconstitutional and abnegate them. Instant cash for the businesses. 4) Throw the H1 visas wide open and get new brains and ideas into the economy.