The Forum > Article Comments > America on the edge of a fiscal cliff > Comments
America on the edge of a fiscal cliff : Comments
By Brendon O'Connor, published 14/11/2012Washington's politicians are involved in a game of policy chicken that could have devastating results not only for America - but for the world.
- Pages:
-
- Page 1
- 2
- 3
-
- All
And this game of pugnacious pernicious political chicken will continue, just as long as it produces results for rigid recalcitrant republicans!
The way forward for a President in his final term, with virtually nothing left to lose, is to stare down these power hungry tyrants, holding the whole world hostage, just so the very richest individuals can pay the least tax!?
That said, the President is on the public record, claiming he is willing to listen to ideas on reform?
And the pertinacious Majority leader in the congress, has stated that, tax reform is on the table.
Well crafted tax reform could fix America's quite massive structural deficit and raise significantly more revenue, without unfairly penalising the very innovative entrepreneurs, America now needs as never before!
And it would do no harm to finally come up with a well crafted product, that finally at long last, restored/created true equity?
[See some of my former posts, addressing tax reform.]
With decent tax reform and long overdue simplification, even the inordinately market distorting farm bill, could finally be jettisoned and the savings ploughed into defence/unmet need?
A jettisoned farm bill, that other farmers plough on without; particularly pertinent, given current food shortages; and or, that the next boom, may well be a food boom!?
Rhrosty.