The Time is Right for Economic Solvency of the United States

by Arnie Webre, Jr.

The time is ripe for economic solvency of the United States, but how do we make it happen?

A 20-percent flat tax, with no exemptions, except for those with low incomes [to even the playing field] and a standard consumption tax on all discretionary new purchases would do it [given time].

Such a tax simplification would increase growth in the United States, increase tax compliance, and it would decrease the administrative costs of the IRS.  Additionally, the United States would then see strong growth in the ensuing years that would make Ronald Reagan's economic miracle look just like a warm-up for the real deal.

It would be like Babe Ruth coming up to bat with the bases loaded in the last inning of the game with his team behind by one run.

Let's get busy on that Congress and Mr. President, sir!

Period.