Tuesday, July 26, 2011

Debt Ceiling Debate

It was interesting to listen to an interview with a Virginia Democrat, One of the Gang of Six?, who said that if the tax rate is lowered like it was when Reagan was President, that consumer spending would increase like it did before.  There is also talk of "Entitlement Reform".  Let's hope that means eliminating the Safety Net and putting people into work training programs rathering than perpetuate generations of non-workers families who should be contributing to society not living off of it.

It's also good to hear talks of reducing spending.  An average household would never be able to survive on the spending habits of government.  What if all safety nets, pork bellies, foreign aid, tax credits like EIC and additional child tax were eliminated.......just for a year?  Seems to me that the deficit would close significantly and quickly.

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