Wednesday, September 12, 2012

There is Way to Save Our Economy

No, this is not a story from the archives. It was published today, and underscores how trouble continues to loom if we do not rein in our national debt. The story points out that tax increases and spending cuts might be the answer, but says they might jeopardize the economy in the short term. I wonder if more than that, they might jeopardize the economy, period. Just as infusing money into the economy can be good, pulling money out can be dangerous.

But, mind you, the spending must be cut. Must. Simply must. This story should remind us we can do no less. Would that this story received greater play today, and shook us into action.

And, there is an answer. There is a way to cut government spending while not pulling the money out of the economy. As we reduce government spending, let's guide the private sector into replacing those dollars in the economy. For every government program lost, create it right back in the private sector.

One political candidate -- that would be Mitt Romney -- is suggesting we privatize Amtrak. Why should not Amtrak be a completely private firm, with no funds from government at all? Just as Greyhound survives without government money, so can Amtrak. (And, the timing is good, as Amtrak is experiencing record ridership.)

 http://money.cnn.com/2012/09/11/news/economy/us-credit-rating/index.html

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