Tax Rhetoric

Forget "tax & spend," and disregard "no new taxes." Modernizing our social welfare systems are more important than raising taxes 1% on the wealthiest one percent. Ensuring long-term solvency is more important than keeping taxes low so regular folks can have more of their own money. Those slogans are irrelevant as America welcomes its Baby-Boomers into geezerhood.

Running On Empty: How The Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It, by Peter G. Peterson, brilliantly outlines how continuing down our current political path ends in economic ruin. As a great president once said, "You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we are not bound by that same limitation?"