Dakota Beacon

The "wrench" that the tea party caucus throws into the Washington political machine is its understanding that "politics as usual" must end... and the sooner the better.

15% of Solution is Income Tax Reform

The move that would solve the current debt stalemate involves an initially “revenue neutral” change to federal personal and corporate income taxation to eliminate ALL special interest income tax deductions and ALL other income tax breaks (including the home mortgage interest deduction, essentially considered by the general public to be an "entitlement") together with "across the board" lowering of rates. Such a move would initially be revenue neutral but would become very lucrative in terms of tax revenue in the future as economic recovery accelerates. It would satisfy both sides of the aisle by keeping income tax revenues at current levels in the short term while greatly increasing revenues in an improving economy.

85% of Solution is Spending Cuts

Of course, the economy will not improve unless government spending is seriously cut… in the range of $5 Trillion.

And Entitlement Reform Before the End of 2011

Reform of entitlements must then be accomplished before the end of the year if any of the clowns in Washington that are up for re-election next year expect to have a prayer of winning.

It’s the Special Interest Spending, Stupid!

The "old guard" is having as much trouble with a "fair and equal" approach to income taxation as they did with the elimination of earmarks. That is why it was so important to eliminate earmarks, not because they amount to much spending reduction but that it is the RIGHT thing to do. The old guard is not used to doing what is RIGHT, only what gets them re-elected. Soon they will realize that those days are gone...

© 2011 Lynn A. Bergman