Some random thoughts.
The more suggestions the better. At some point in time we will have to reach a compromise. Those that refuse to compromise need to be ignored. Compromise is not a dirty word.
“Barack Obama believes in government; we believe in you.” This is not what Americans want to hear. Americans want to hear the ways our government will make America more successful. Does “we believe in you” mean we will do nothing to further America? It is a hands off philosophy that would make Ayn Rand proud.
American government has continuously invested in the country. First it was canals and postal roads. Then it was the railroads and building highways. It was America that stood up to the Soviet Union with the Marshall Plan and the G.I. bill that sent our WWII vets back to school. It was America that put a man on the moon.
We don’t want a do nothing government. We want a government that helps lead the country to new successes!
The median American family income in 2009 was $49,777, not statistically different from the 2008 median according to the U.S. Census Bureau. (Arithmetic Median Definition: Median is the middle of the given numbers or distribution in their ascending order.) The U.S. Census Bureau also reports that 43.6 million people in 2009 were defined as being in poverty.
However over 1% of the population has earnings of more than $250,000 per year. That is more than 3 million people. The GOP obtained extension of Bush income tax cuts for that group. Even worse is capital gains are taxed at 15% while salaries are taxed on a graduated tax scale. Thus a family earning taxable income of $212,300 – $379,150 is in the 33% tax bracket.
Representative Paul Ryan is the un-Robin Hood.
On Social Security. As I listen and watch political talk shows it is obvious that politicians do not want to deal with this issue. There are only four possible solutions and even a combination of solutions is too hot for most people.
- Raise the retirement age.
- Raise taxes.
- Lower benefits.
- Change the plan to a private investment option that does not guarantee a specific payout.
Since politicians won’t deal with the problem the solution is an independent commission similar to the commission that raised taxes and the retirement age. The National Commission on Social Security Reform, chaired by Alan Greenspan in 1983 was the last time changes were made. The next commission will have to take more drastic measures to ensure the viability of the system.