Arianna appeared on CNN's "Parker Spitzer" Thursday night to discuss the leaked draft proposal authored by the Obama deficit commission's co-chairs and the possibility that the president could benefit politically from the commission's recommendations.
"That would have been possible if there was also a jobs commission at the same time," Arianna said. "The short term, the priority, the national conversation, everything should have been about job creation."
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was a pretty good list. By reducing the tax rates and eliminating all deductions,
the wealthier will pay much more, the middle class about the same or less,
the poor nothing and revenues will increase. I would think the left would love that. The simplicity would save billions in man hours, free capital and increase jobs. Countless lawyers and accountants would be temporarily displaced but could find other areas of specialty. Those upset about the loss of the mortgage deduction should realize the lower marginal rate would more than offset the change. Changing the age for SocSec sixty-five years from now shouldn't be a problem. It is time for the government to get realistic and cut everything. The
philosophical change in this country from self determination and responsibility to government dependency and entitlement is not healthy for the future. When
everyone tries to get more out of government than they put in, more from health
care insurance than they pay in premiums, more privileges with less responsibilities and more entitlements with less obligations, it distorts expectations and leads to Greek-styled riots. After watching the unions bus
protesters to the scene of anything incurring their disapproval, I think we have
gotten too close to the tipping point already.
The Simplest Common Sense Solutions to the BUDGET DEFICITS:
1. Place Tariffs on all CHINA IMPORTS and a 35% TAX on their Currency Exchange UNLESS and UNTIL they let our Companies’ goods into their country without tariffs or Penalties! We are their CONSUMERS!
2. DROP THE BUSH TAX CUTS - SAVES $3.5 Trillion over 10 Years!
3. Set our Defense Budget at Twice #2 China at $196 Billion per year - Saves $8.04 Trillion over 10 years and $16.08 Trillion over 20 years!
4. Set the top tax rate on the richest 2% at not 35% but at 44% and saves another $2.1 Trillion! Eisenhower had TOP TAX RATE at 91% and America Prospered!
5. Reduce corporate welfare by 50% saves $20 Trillion over 10 years.
6. FORCE CORPORATIONS TO PAY FEDERAL TAXES TO THE IRS INSTEAD OF OFF-SHORING AND USING LOOPHOLES - WORTH $TRILLIONS!
Likely Savings over ten years is $28 to $40 Trillion and our National Debt is only $13 to $14 Trillion!
AND Suddenly AMERICA IS A GREAT COUNTRY AGAIN!