Tags: Sick | Economy | Part | Two | Fix

Sick Economy, Part Two - A Fix

Tuesday, 11 September 2001 12:00 AM

What else can the Bush Administration and Congress do to reverse the current downward spiral?

Here are a few suggestions:

1) As urged in this space repeatedly over the past year, take the surplus and use it to pay off the National Debt as fast as possible. Our National Debt forces us to pay a

I am sick and tired of hearing self-proclaimed conservatives preaching that it is OK to have this huge National Debt. What kind of conservatives are they? What makes someone a

For decades under irresponsible liberal Democrat control of both houses of Congress, we conservatives stood against deficit spending and constant increases in the National Debt Limit. Now all of a sudden many self-proclaimed conservatives defend debt - or even encourage it. This is

2) Stop the ridiculous 11% increase in political spending for the federal Department of Education. This is Bush's attempt to look like his father - and to become the "Education President." W wouldn't increase Pentagon spending without a top-to-bottom review, but no such review was mandated for the Education Department - all in an attempt to pacify Ted Kennedy. This type of 'political spending' must stop; it has caused economic and social disaster.

3) Military procurement is one of the

4) Use this unique time in our political and economic world to

We have

5) Cut or eliminate capital gains taxes. This will spur economic activity - and increase revenues, too. (At least relax cap gains taxes for seniors to enhance their cash flow.)

6) Convene a Joint White House/Congressional Panel to explore an idea whose time has come: eliminating the federal income tax and replacing it with a National Sales Tax or a Value Added Tax (VAT). Income should

In fact, all forms of 'double taxation' - including capital gains and the inheritance tax - should be eliminated. It is not right for government to tax the same money more than once.

7) Do legislatively what the government 'says' is already done: segregate Social Security from general revenues - and keep it 'locked up' and safe from the greedy fingers of politicians. It is time the American people are told the truth about a program they have paid through the nose for - and have been so misled about.

Such radical changes can

Times of crisis are also times of great opportunity.

Politically, an economic downturn should encourage bold ideas to correct the problem.

The key question: is G.W. Bush bold like Reagan - or cautious like his father?

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What else can the Bush Administration and Congress do to reverse the current downward spiral? Here are a few suggestions: 1) As urged in this space repeatedly over the past year, take the surplus and use it to pay off the National Debt as fast as possible. Our...
Sick,Economy,,Part,Two,Fix
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2001-00-11
Tuesday, 11 September 2001 12:00 AM
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