1. The excessive size of government with too much bureaucratic overlap, too many bloated agencies and too many regulations that are either not financial effective or just obsolete.
2. The curent income tax system with its 70,000-plus pages of Internal Revenue Code plus additional rulings that are too complex, drives millions of jobs, thousands of factories, hundreds of corporate headquarters and maybe US$14 TRILLION in liquid assets out of the USA for tax avoidance reasons, and has become a frightening instrument of political control.
3. The out-of-control Wall Street with too many investments that have no liquidity backing and too-easy entry into futures trading.
We need to fix all three if we want REAL economic recovery--a recovery that will get us away from the prospect of financial default at the government level.
Does anyone realize what this cowardly POS is doing? He is trying to add $4 Trillion so he has another slush fund when he loses the next election(2012). He knows he is toast. He just hasn’t fully funded his LOSS yet. He recently was caught giving $Millions to ACORN. Anyone believe this was not a deposit on his future income?