TheRockDoctor

Lets start with some assumptions:

1. The Democrats and Republicans both want Americans in general to have more wealth and for the US Government to have deep pockets full of valuable purchasing power.

2. Pro-growth policies such as low tax rates, light and tight regulation, improved access to infrastructure (including an appropriately educated work force and research and development programs in addition to the bricks and mortar projects) have the most potential to create wealth for individuals and revenue for the government.

3. Large amounts of debt relative to GDP are a drag on the potential to grow the economy because money that would otherwise be spent to promote bullet 2 is spent financing the debt.

4. Job creation (stimulating business activity) is the number one thing that everyone can agree is good and should be promoted immediately to address the sluggish recovery.

Now some food for thought (facts, not assumptions):

100 million Americans are receiving Medicare or Medicaid at a cost of almost 1 trillion dollars a year. Continue reading →