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Old 10-26-2007
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goober goober is offline
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Member Since: Apr 2005
Location: massachusetts
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Re: It's Official - Babyboomers Start Collecting Social Security

US taxes are too low, and spending is too high.
Raise taxes, reduce the amount wasted on the military, and the problem is gone.
Does that prevent future presidents from embarking on foolish military adventures to prop up their poll numbers? Maybe, would that be bad?
There is a lot of room between what the US collects in taxes and what other nations collect, especially in the higher brackets, it's quite possible to raise taxes on the higher brackets, save social security and fund National health, and give most people a tax cut.

And it's a plan that would would get a politician more votes than it would lose him.
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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”

Adam Smith , The Wealth of Nations 1776

"We have always known that heedless self-interest was bad morals; we know now that it is bad economics"
FDR's second Inaugural Address
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