Saturday, December 11, 2010

Some thoughts about our economic plight.

Why does anyone in their right mind believe that our problems can be fixed by the people who caused them in the first place, be they Democrats or Republicans? If you let yourself get caught up in the political blame game, then you're falling into the trap of believing one party or another can fix this mess.

And, by the way, the Tea Party isn’t a political party. It’s a grass roots movement of people that want less government in their lives. They’re fiscal conservatives, and that’s why they lean toward the Republicans. But to “equate” them to Republicans is a terrible political mistake, as many rank and file Republicans are going to discover very shortly.

How about stepping back from Washington and looking for totally out-of-the-box approaches? For example, stimulate the economy by allowing all 401(k) and IRA money to be withdrawn totally free of taxation for people 55 and over. That would provide so much investment capital that new businesses would spring up left and right. If you also dropped the Medicare age to 55, lots of people could afford to retire early and open up the labor market. These are just some of my thoughts. I’d rather try to come up with some unique ideas than sit around with my thumb up my butt blaming one politician over another.

That’s my take, and I’d like to hear yours. You can comment anonymously to this Blog.
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