Fiscal Policy and Growing the Economy
Here’s a short list of three things that Congress could do that would help boost economic growth without adding to the deficit: Fully fund the Highway Trust Fund; restore the Export-Import Bank; and tax reform.
Common Sense Political Ideas
Here’s a short list of three things that Congress could do that would help boost economic growth without adding to the deficit: Fully fund the Highway Trust Fund; restore the Export-Import Bank; and tax reform.
I believe the biggest long-term threat to the economy is our colossal national debt. In the years 2001-2015, we more than tripled the national debt. Starting 2001 it was $5.7 Trillion; it is now about $18.2 T and still growing.
The Tax Reform Act of 1986 is recognized as the model for tax reform, and it should be. It was a substantial and truly bi-partisan achievement between President Reagan and a Democratic Congress.
I believe the ideas that I have outlined in this blog and last week’s blog are good next steps in the process of improving the healthcare payment and delivery systems.
In this blog, I’m going to present some ideas to reduce government spending on healthcare. There is no pain-free, silver bullet solution that will fix this problem quickly – it will take a number of steps, over time, to slowly bring costs down.
Significant concerns over the ACA and Medicaid expansion remain. Opponents warn that demographic trends will cause Medicaid expenditures to grow rapidly.
Without changes to entitlement programs, mandatory spending is projected to exceed 100% of all government revenues sometime in the 2030s. It’s important that we come up with some solutions sooner than later or Medicare as we know it won’t be around another 50 years.
There are a number of ways to correct the projected shortages, but all are unpopular. In this blog, I will touch on five of the most talked about solutions.
We must restore fiscal responsibility. The enormous national debt threatens our security and greatly reduces our flexibility to address current and future needs.
This type of fiscal policy would demonstrate to bond markets that the dollar on solid footing, and reassure and bolster stock markets.