Wednesday, November 17, 2010

The Commission

         Yes, you are all aware that we are facing a recession and I don’t have to tell you that it’s bad. Now the government is getting the big picture as to making strides in the right direction. President Obama has taken Erskine Bowles (D) and Alan Simpson (R) and made them co-chairs of the National Commission on Fiscal Responsibility and Reform. This bi-partisan thinking is a step in the right direction 2 years too late. A compromise deal is only going to get us so far. From the Democrats we have seen tax cuts to the lower classes, loss of revenue means then the need to over tax big business to offset the cost and stunt our economic growth. The Republicans have given us just the opposite tax breaks to the big businesses to promote the creation of jobs and more individual or small-scale tax to make up for it. Either way our economy isn’t responding to conventional pick me ups, and that’s the problem. This commission needs to see something else some outside the box thinking. The people of America are so scared by inflation and recession that they have lost the will to spend. Allowing spending is going to get us on course. So before actions can be made to adjust the economy they need to reinstall trust in the American people. That’s the kind of out of the box thinking that’s going to get us started up. I’d like to hear comments and concerns below, do you have a better idea?
     -J. Sullivan

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