Is the United States going bankrupt? One economics professor thinks so, and he has a strategy to prevent that from happening. Among his proposals: eliminate our current tax system and institute a national retail sales tax, reform Social Security by creating personal retirement accounts and funding Social Security through the retail tax, and by creating a universal health insurance system replacing our current fee-for-service health care system. This article is only 16 pages and is an interesting read.
The professor raises an important question concerning America's fiscal solvency. The government is spending recklessly and is taking a very short-sighted and rosey-lensed view of entitlement programs. All Americans have an obligation to hold our elected officials accountable when it comes to fiscal matters. These entitlement programs directly impact us, it's time to make sure that we as a country remain strong by reigning in our government spending.
What do you think? Should ordinary Americans hold their elected officials accountable with regards to spending and entitlement programs?
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2 comments:
yes
Did Mr. Coburn or Mr. Gerber write this post?
By the way, I agree with you and Mrs. Gerber.
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