Originally Posted by TerryMathews
What I do not accept is that there is no spending that can be cut that will slow the economic recovery. You cannot tell me with a straight face that every dollar is well spent and essential to the recovery.
If I were emperor for a day, one of the first things I would do is make it so that any person who receives EITC on their taxes cannot have their taxes prepared by a for-profit tax preparation service. At $300-$400 a pop, which is 10% of the average credit this is at least a $3.6b subsidy to the for-profit tax prep industry.
I would also eliminate TSA, and dramatically scale back foreign aid.
We need to cut spending by 10% to roughly balance the budget. Half that would be an improvement. You're honestly saying there is nothing that can be cut?
Nope! I can't... there is plenty of wasted spending...
I'd do away with the EITC but, in a comprehensive tax reform act coupled with a livable minimum wage and contraceptive program produce an incentive to live within the means of one's income. Live and not starve... I don't figure all folks should drive a Vet but they should have public transport available. That kind of thinking.
What I'm saying is that the fix is not in place... what the attempted fix might be given the polarity of Congress is likely to be a mess...
IF we had a Parliamentary form we'd give one side the chance to get it done and if they fail... there is the other side to choose... We'd have that form, in essence, with a same party congress and executive... Do something Congress but don't do something that wont work.... Imagine that....
EDIT: I'd also eliminate gerrymandering... IF a State has six congress persons via the census then they'd run in State wide races with the top six getting the seats... Sorta like the Senate. The responsibilities to the constituents might be an issue that I've not sorted out yet... maybe some form that divides the districts in an unbiased manner... something... but not this latest secure seat crap...
My version of foreign aid is to send money to Jersey... or New York... via DC.