
Big Ideas
There is quite a dearth of them in Washington these days. To create a football analogy, the Democratic leadership believes that they have a two touchdown lead in the 4th quarter before the November election and so they are in a prevent defense and running off-tackle running plays so they don’t fumble the political football before then. That is why they are pushing this year’s budget/appropriations bills off until January and not doing anything substantive about energy or immigration or anything else that is not on deadline.
So, they definitely do not want to take on the looming entitlement crisis, about which I have told you before, that threatens our fiscal soundness and future standard of living. Every expert (conservative, liberal and in between) agrees that Social Security, Medicare and Medicaid, if left alone, will eat up 100% of the tax rates you pay today by 2040. That means that every tax on everybody by then would have to be more than double the rates they are today if we are to keep any of the rest of government functions like the military, judges, parks, unemployment insurance and the like. And every year we wait, the problem, and the current… Read More