Tax Cuts for All Except the Most Rich? In Pakistan Just 1% Pay Taxes (Maybe Graft Pays the Rest)

President Obama has resorted to blaming Republicans as an economic policy substitute for good ideas and effective implementation. He has spent political capital on attempting to gay up the military, beefing up the Afghanistan troop deployment, support for a ground zero Muslim Cultural Center/Mosque and deficit spending by the trillions. The desirability of transforming the nation to an ecological economic basis of lower entropic attrition seems beyond his concept radar screen.

There are several practical ways to tighten up the labor market and for the government to invest in new technologies and projects that would create jobs. The government has a scattergun approach to surgery though and fails to target spending adequately to effecting particular remedies.

The bad tax cut policy of both parties is a case in point. If we wish to may the United States more like Pakistan where just 1% of the people pay taxes and the number of madrassa has increase a few thousand percent as public school funding failed, if we want to have a slum lord Federal Reserve leadership to support a neo-feudal economic transition of the U.S.A. to be more like Mexico, it would be well advanced by present Obama administration policy.

http://www.reuters.com/article/idUSTRE68B1SH20100913