On the "Stimulus Package" - Page 7 - Mercedes-Benz Forum

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post #61 of 65 (permalink) Old 01-21-2008, 04:43 PM
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Stimulus Packages


I am definitely stimulated!

Don't believe everything you think
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post #62 of 65 (permalink) Old 01-21-2008, 04:48 PM
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It's bound to work based on the very wide stance the country continues to maintain.
Something that should be tapped into.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

~ Senator Barack H. Obama
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post #63 of 65 (permalink) Old 01-21-2008, 04:49 PM
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Something that should be tapped into.
Oh, could I tap into that...

Don't believe everything you think
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post #64 of 65 (permalink) Old 01-21-2008, 04:49 PM
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Is it naive to assume that a simple formula for a healthy federal economy involves just two concepts:

1) Taxes should be at a rate that does not stifle an individual's ability to accrue wealth.
2) Spending should be less than tax receipts; simply prioritize and chop.

Stick to those rules, and much of the rest of what bugs us here will probably melt away.
Ain't that the truth?

It's so simple that no politician could explain it.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

~ Senator Barack H. Obama
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post #65 of 65 (permalink) Old 01-21-2008, 09:06 PM
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Is it naive to assume that a simple formula for a healthy federal economy involves just two concepts:

1) Taxes should be at a rate that does not stifle an individual's ability to accrue wealth.
2) Spending should be less than tax receipts; simply prioritize and chop.

Stick to those rules, and much of the rest of what bugs us here will probably melt away.
You would be very correct IF the following parameters were not present.

1. Overburdening National Debt with $600Billion in Annual Interest
2. Byzantine tax structure that allows gross inequality of tax responsibility
3. Current Health and Welfare budget issues

Basically, if you were to go back to 1913 and rewrite the 16th Amendment and put strict rules on implementation of new taxes AND strict regulations on businesses to keep inflation from defeating budgets you would have an opportunity to have such a simple and working system.

With that rewritten 16th Amendment you would implement a savings plan to insure that people had retirement money so the government did not have to be responsible and you would have to institute some governance of healthcare to insure that the government did not have the responsibility of helping take care of folks who were not able to afford health coverage.

You would also have to demand a balanced budget with no exceptions, only x% increase in taxes per year and penalties to the Congress for failure to comply.

I doubt it still would work but it would be a start.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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