// Archive

US budget deficit

This tag is associated with 7 posts

The 5-Minute Tax Reform

Share

One of the fundamental issues facing the American economy is the complexity of the tax code, both individual and corporate. The Individual Income tax code is 70,000 pages long and has suffered more than 10,000 changes in the last ten years. Since 1975, the code has tripled in size. Such a degree of complexity and of […]

Share

Mr. Ryan Goes To Washington

Share

On March 21st, 2012, Representative Paul Ryan (1) presented a Republican alternative to President Obama’s recently submitted budget for fiscal 2013. The proposal was passed by the House and killed in the Senate, with voting following partisan lines. While it was never intended to be more than a political statement, a “shot across the bows” of President […]

Share

3.4 “VAT” Until We’re Debt Free

Share

All the measures we’ve discussed up until now: tax reform, entitlement reform and adjustments to military spending, are urgent and necessary in order to bring the Federal budget in balance or slight surplus. But even if we were to balance the budget tomorrow, the American public would still have 15 trillion dollars in national debt. […]

Share

3.1 Simplify the Tax Code

Share

3.1.      Simplify the Tax Code Our first step towards fiscal fitness focuses on three categories of the tax code: individual income taxes, payroll taxes and corporate income taxes. Together, these account for 91% of all Federal income. What’s more, individual income taxes are 43% and payroll taxes are 36% of all revenues. Corporate taxes are […]

Share

Four Steps to Fiscal Fitness

Share

3.       Four Steps to Fiscal Fitness “I’m not worried about the deficit. It is big enough to take care of itself.” – Ronald Reagan It seems that every day there is a new story on the wickedness of the national debt and the horrid effect that it is having on our nation. Much of this […]

Share

The costs of war

Share

Remember this graph when the Republicans tell you that there is no money to create jobs, or unemployment for those down on their luck, or social security for the elderly, or Medicare/Medicaid for the infirm. Remember it, because they’re lying.   And all this for the sake of our national security. How much safer do you feel? […]

Share

Supercommittee kicks the can on down the road…

Share

Not to be outdone in stupidity and intransigence by European leaders, the members of the bipartisan Supercommittee officially admitted their failure to reach an agreement to trim $1.2 trillion from the national debt in 10 years. This comes as no surprise to anyone who had followed the press releases of the committee’s deliberations over the […]

Share

“Our obligations to our country never cease but with our lives.“

John Adams

Categories

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 693 other subscribers