Enough of the games in DC…solve the darned debt limit problem!by Hugh Holub on Jul. 23, 2011, under politics
The risk of defaulting on the national debt is hanging over the country like someone who passed wind in an elevator.
No one wants to admit it is their fault. But it is now looking like everyone is full of gas in that elevator we call Washington DC.
There are lots of commentaries about what might happen if Congress and Obama fail to come up with a solution that avoids the default.
Jeff Greenberg over at the Washington Post has one of the most interesting speculations….
In his commentary he projects that in the wake of a default which really hammers the economy, voters finally will have “enough” of the two party system and elect a new President in 2012 from the ranks of the Independents.
There seem to be three basic aspects that have to get resolved to bring the federal fiscal house in order.
The first aspect is what programs and stuff can we cut to reduce the deficit? $1 trillion worth? Two trillion worth? Remember we’re $14 trillion in the hole and it is getting deeper every second we argue about this.
First rule of when you are in a hole…quit digging.
My friend Patrick Dorinson…the Cowboy Libertarian who is running for President…. has a great idea…a National Elimination Commission
The second aspect are the entitlement programs, notably Social Security and Medicare.
Face it…we aren’t going to be able to retire and do nothing when we reach the age of 66….we’ll be lucky to be able to slow down by 70.
Raise the retirement age to 70 for those currently under the age of 55, and quit raiding the Social Security trust fund to hide the deficit.
Medicare spends an enormous amount of money on the last 6 months of a senior’s life…which does not improve our quality of life but will cost trillions as us Baby Boomers get older.
Let us die with dignity without tubes and wires stuffed up our butts so the health care industry can bleed taxpayers dry. Real health care reform needs to stop the Vampire Health Care industry.
The third dimnesion is tax reform. We have to get rid of all tax credits and loopholes. The tax code is not an instrument of social engineering, nor should it be used to benefit one sector of the economy against another.
I’ll give up my mortgage interest deduction if corporations give up all their tax breaks like for corporate jets as well. Time for a flat income tax rate…one page tax code.
That is not a tax “increase” as Grover Norquist and his tax evasion cult claims. It is just simply getting fair. Sure some (notably wealthy folks and corporations will pay more)…but not because their taxes were “increased” but because their special treatment will be eliminated.
To solve our fiscal problems everyone is going to get hurt…whether by a default or by a major restructuring of our government and its programs and our tax code.
One avenue lets the banks and the Chinese inflict the pain on everyone through higher interest rates and denial of credit. And you know the Chinese area really going to inflict some serious pain on us if we default.
The other path allows we the people to control the pain.
And if Congress can’t work this out here are four constitutional amendments we need:
Recall: …we need the ability to recall Senators and Congressmen the way we can remove politicians we don’t like in Arizona.
Referendum: refer the tough decisions to the voters.
Initiative:….let us be able to petition to put something into law…
Term limnits. One Senate term, or 2 House terms and you’re outta there.
Basically, if the whole bunch of politicians we’ve sent to Washington want to keep playing chicken with the future of our country and they run this baby into the ditch….we need to move some power back to the people so they don’t dare mess with “we the people” again.