Thursday, November 11, 2010
There is a proposal out by Obama's deficit reduction commission. From what I have read, it sounds pretty outstanding. A lot of government spending waste is reduced, entitlements are pared back, and tax rates are dropped while simultaneously dropping deductions. But as you read the article you will see why it will never happen: too many vested interests that will fight nearly every aspect of the proposal! These groups are so myopic that real change such as this will never occur in this country. If everyone would work together and look at the big picture, this proposal would have the potential to have a real lasting positive impact on this country. I seriously hope the commission members put this to congress and they vote for it.