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View Diary: Abbreviated Pundit Round-up: Post-election posturing (135 comments)

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  •  No Recession (2+ / 0-)
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    Amber6541, Laconic Lib

    The so-called cliff would not lead to a recession. The economy is recovering and is more poised to take off than anything. Quite frankly, this is the time to ramp up the tax rates and change spending.

    Here's the plan (that works):

    (1) End tax cuts for the rich. They don't influence the economy, so that's free.

    (2) Cut the defense budget by $25-35 billion per year for the next ten years and put that money into sponsoring the transition of companies and jobs from military jobs to civilian jobs.

    (3) Maintain social spending more or less as it is, but extend UI benefits for people out of work.

    (4) Increase tariffs and make them uniform for all goods and services produced elsewhere and sold here. They should be about 10%. They need to go up about 1% each year until they reach at least that level. This encourages domestic production. Use the increase to fund Social Security and Medicare and to help pay for the Navy.

    There are many other things we could do to fix the economy. For example, we could move to a full publicly-funded healthcare system. That would save perhaps a trillion a year in medical expenses if implemented correctly, freeing up that money for the healthy part of the economy.

    Now is the time to make these moves. We want to do this during an up cycle, so that it doesn't trigger a recession. Increasing tariffs is the key to igniting real, long-term economic growth, so that has to be a priority. This is the ideal time to get going on this. Do it now.

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