I agree that the single largest problem facing the US today is our unsustainable debt. But, the problem is that, just like in Europe, taxes do not go away! Nor do they shrink! And even if budget cuts are instituted, as soon as the “fix” money stars hitting the coffers, the idiots who have been running this country (Dems & Reps) are going to start spending like drunken sailors - it isn’t pretty, I have seen in up close and personal!
Europe has been trying to tax their way out of debt for over 40 years and all they have done is kill their own economy and extend benefits to the “poor” because they can’t get decent jobs - oh, because the taxes are killing the company.
It’s the old brick wall, strike head, get headache, repeat syndrome! We CANNOT tax our way out of this problem! We need to GROW our way out of this problem! We need to CUT taxes across the board, cut the US government budget by AT LEAST 40% and then we need to require a constitutional amendment for a balanced budget/deficit reducing budget going forward!
We will never be able to tax ourselves out of this debt! NEVER! It cannot be done, ask ANY country in Europe!
Given current events, they will most likely impose a Value Added Tax, like Europe. That is the wrong approach, IMHO, as it will move discretionary monies away from business into the hands of the government. Taxing the Wall Street trades makes more sense to me than anything else they are proposing.
“We need to GROW our way out of this problem!
Well the eco-fools certainly won’t have any of *that*! We have to saaaave the planet from those mean old humans, remember? Outlaw fishing, hunting, gun ownership, etc.
“We will never be able to tax ourselves out of this debt! NEVER! It cannot be done, ask ANY country in Europe!”
Chris Christie? I didn’t know you posted here at FR! :-)