I did not say this would fix every problem in the USA but it is a start at fixing the economy.
I stills say, we must consume less or work more or some combination which is unpalatable to the US public.
I will agree to teh extent that it would be better to save (invest) more rather than consume. But the current income tax structure doscourages that on both a personal and a corporate level. As to the work more overall it is difficult to find on average a more productive and harder working person than the average American worker. Yes the wages are high relative to other nations but the fact that more has not already left means we are still dealing on the margins and small changes in teh investment climate will have large results.
I think we can get a bit of a free lunch by simplifying or eliminating the income tax code, tort reform, reducing govt. spending taxation and regulation. After that, the free lunch stops.
That is not a free lunch that is encouraging business investment. have some faith in the Free market and the fact the American Market is probably the most free in the world.