An older news story link below to spark debate here..I am a progressive but a non-pandering one at that.
http://www.telegraph.co.uk/...
There are three basic elements to this reporters story:
1) Higher worker wages
2) Pension fund excesses
3) The rich getting massive tax breaks
4) Government debt
These are given as reasons for the downfall economically
I would say that 2,3 & 4 are definitely valid but #1 is not. This is a very general statement but lets have some discussion. I think that there are valid take home lessons for us...reduce military spending to help keep future debt lower, look for other non-painful areas to reduce waste and fraud, increase the minimum wage federally, be careful to have pensions but manage them prudently and pass the repeal of the carry over tax that Schumer blocked from coming to a vote in the Senate; also increase the cap on social security tax to $1 million in income. we need infrastructure repairs badly as well.
Thoughts?
↧
Greece still in lurch
↧