We Need Fundamental Change and Now We’re going to Get It!

 

I want to emphasize that I voted for Hillary Clinton on Tuesday because Donald Trump has such a sleazy and mercurial personality. But Mr. Trump was clearly the change candidate and we need change big time.  His strongest base of support is the white working class which has not really recovered from the Great Recession of 2008-2009 and he will surely try to help out these people.

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Here are the changes we need in order of importance:

  • Grow the economy faster. Tax reform, individual and corporate, and regulatory reform are what are most needed. Mr. Trump and the House Republicans are in rough agreement on both of these major initiatives and hopefully the new Republican led Senate will go along. The best kind of tax reform means to lower tax rates and shrink deductions enough to avoid losing tax revenue. This can be accomplished if a real effort is made to do it this way.
  • Begin to shrink our massive debt. This can only be done by major entitlement reform, meaning to control the costs of Social Security, Medicare and Medicaid. Medicare should be transitioned over from a single payer system to a premium support system, consistent with a reformed Affordable Care Act. Healthcare costs can only be contained by giving consumers more skin in the game, meaning higher deductibles supplemented with health savings accounts.
  • More assertive foreign policy. Worldwide peace and stability depend on our own economic and military strength. Right now China, Russia and Iran think they can push us around. President Trump will not let this happen.
  • Trade and immigration policy. Most knowledgeable people agree that international trade is generally beneficial. We simply have to do a better job of retraining American workers who lose their jobs to foreign competition. The key to immigration reform is tougher border security plus an effective guest worker visa program.

Conclusion. The Republican House of Representatives has an excellent plan, “A Better Way,” for American economic, fiscal and social renewal and Mr. Trump is largely supportive of it. This augers well for fundamental progress in the next four years.

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4 thoughts on “We Need Fundamental Change and Now We’re going to Get It!

  1. Why does Social Security get thrown into the same thought of entitlement reform? Didn’t I pay into SS? Didn’t my employer pay into SS on my behalf?

    • Yes, but SS is now running an approximate $100 billion deficit per year, payouts exceeding tax income. The Trust Fund will be broke in about 15 years. If no changes are made, then everyone’s benefits at that time will be reduced by about 25%. To avoid this outcome changes need to be made. The sooner this is done the easier it will be to implement the necessary changes.

  2. Sleazy and mercurial personality- Could you tone down your rhetoric a bit. Don’t you realize you are doing what you are accusing him of.

    • I would say my rhetoric is quite restrained. These characteristics were exhibited over and over again. He’ll be far more successful in implementing needed changes if he reins in his crudest impulses.

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