Mr. Boehner:
Congratulations on single-handedly leading Republicans into an ambush by "real market forces". In addition to natural laws kicking our country's financial ---, Republicans look like the idiots who got us into this mess. And maybe they are.
All of your political gamesmanship will not restore the wealth of our nation or the confidence of our peers in the world.
This outcome was entirely predictable and those close to you in the political process doubtless profited immensely by shorting the market prior to your "deal".
Next time, keep your hands out of the markets, open your ears and your mind to people with good ideas, and don't step on yourself like this again. Economics is a pure, non-partisan science - avoid confusing it with statistics, propaganda or poli-sci.
May I suggest that your next course of action be: 1) Simplify the tax code - incomes of $0 - 50,000 pay 5% of gross; $50,001 - 150,000 pay 10%; and incomes above $150,000 pay 12.5%. No personal deductions. Corporations pay 15%. 2) Cap government spending at 15% of the previous year's GDP. 3) Reduce the debt ceiling by $1 trillion per year for 10 years and limit debt in perpetuity to 33% of GDP.
Respectfully,
John N. Ellis
Prescott, Arizona
Posts
0 comments:
Post a Comment