Thoughts about the USA, Asia and other things from Ed Ahnert, a Texan who has lived on the western Pacific Rim for 21 years
Monday, September 19, 2011
Separating Sense From Nonsense
There's plenty of nonsense and some sense filling the airwaves about the Federal budget deficit, national debt, etc. A good place to keep up with the discussion is the website (especially the blog) of The Committee for a Responsible Federal Budget. I agree with CRFB that Obama's plan is seriously flawed in ignoring reform of social security. As a number of moderate groups are advocating, now is the time to think BIG and incorporate spending cuts including entitlement reform with changes in the tax code that simplify it, raise additional revenue and provide incentives for savings and growth.
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