Politicians’ RX For Debt: Take Politicians Out of The Equation

Yep politicians and the complicite Federal Reserve. Your right take the politicians out of it. Leave Ron Paul because he is the only guy to vote with fiscal discipline. Gregg is right we are heading towards disaster. Even if we right the ship now, it will take a decade or more to create a sound economy. After all the bubble has been building since 1971.

I’m afraid we’re all in for some significant pain in deficit reduction measures. It’s unavoidable and coming soon.

If the Private sector was the answer as the GOP so vehemently lies — we wouldn’t have had the Financial meltdown and worthless Credit Default Swaps. Government Regulation is a necessary evil. Having said that , The only answer we have as Americans is to wake up to the fact that we are no longer the Manufacturing engine of the world– China ,India, and others have replaced us. We have become however the Greatest consumer base in the world. This Change is fundamental to prescribe a fix for the deficit dying the economy is doing. I firmly believe this change mandates an economic change on our part– Since we are consumers, not producers,– We must enact a 5-10% import tax on all items manufactured elsewhere. Worrying about a trade war should no longer be our concern as our exports are minimal. An across the board import tax would level the playing field,increase Govt Revenue, and cause exporters to consider moving facilities to the USA. Another move should include taxation of offshored financials, and individuals who make their money in US markets only to circumvent the Tax man. We might even consider getting rid of income tax for a flat tax, considering only about 46% of us currently pay anyway. Someone in this Govt. needs to wake up.The Times they did change and rapidly. Big change, and bigger debt calls for big solutions.

Whats next— I knew someone would bring up that same old Smoot Hawley argument-
Free trade is not free when the Chinese Manipulate their currency– When Canada and a host of other countries subsidize their exports– When OPEC manipulates the amount of gas produced to strangle all Nations. That’s called Price Fixing — Smoot Hawley is irrelevant to a largely consumer nation–. Laying down a % fee to access the Greatest consumer base in the world is just good business– Allowing other nations to sell their products through subsidy and manipulation, as our manufacturing base gets exported, is stupidity– Different Time Different Circumstance — I’d rather a VAT than being one of the 46% who really do pay for everyone else through my income tax.What are you afraid of? Retaliation? Were consumers not exporters– Wake up its a different world!!!Then Go down and pay OPEC’s fixed price at the Pump!!!

Real Change is needed and I am afraid it is too late for us in the dUnited States to implement it. The import tax suggested above might help in the short term, but the problem, the one that destroyed our so-called free markets, are the Frankenstein’s called Corporations. It’s too late, as it is no longer just our plague, but that of the entire planet. We, the people of the world, cannot have responsible production and consumption, by that I mean that which is both necessary for our well-being AND not harmful to the planet, as long as the producers, the distributors, shippers, marketers and retailers, bear no responsibility for their actions. Corporations were created to be powerful money generating devices, producing huge monetary rewards without incurring liability for any impact on the environment, on labor, or, for all practical purposes,on consumers. Corporate Executives, Managers and Stockholders reap the profits and the rest of us, in addition to getting necessities to easily and cheaply, get manipulated into wanting ever more shoddy, environmentally costly, and disposable goods. I suspect that we won’t change this until the planet itself forces us to. They, those who reap those profits, have too much money and power to allow us to regain control of our own governments.