I don't know if I should reply to your post or just say "thank you". It makes perfect sense based on their actions and policies. However, if SS & Medicare go bankrupt, the "financial collapse" will be disastrous. I liked when they were going after off-shore tax cheats and the Swiss bank accounts. The business regulation Bill got so watered-down as to be useless. Madoff would be relieved.
We need to fix SS & Medicare ASAP, which party wants to tackle that one?
I'm beginning to feel like a broken record and a minority of one here, but I have a simple solution for that.
We didn't get into the entitlement mess overnight and we shouldn't expect to get out of it overnight. Congress could dismantle social security and medicare today if they wanted to--there is nothing to prevent them from doing that. We are legally entitled to none of the contributions we have made to those programs if Congress decided to just scrap them. That is what makes them such an abysmal deal for the people and illustrates how precarious are our freedoms and property when we allow government too much power.
So, my solution is simple. Pass an iron clad law or preferably a Constitutional amendment making it illegal for Congress to authorize or spend one more dime that benefits any individual, group, entity, or constituency and does not benefit all, rich, poor, black, white et al equally.
No contracts will be let without soliciting the lowest bidder and the contract will go to the lowest qualified bidder whether or not that bidder is union or pays union scale.
Government contracts will be distributed as equitably as possible among the states based on population density. No state or city will receive preferential treatment to get government installations.
All Federal taxes other than licenses, processing, and usage fees will be scrapped in favor of a flat tax applied equally across the sociopolitical spectrum, individuals and businesses. This will likely reduce the monies available to Congress, but when they can't use the people's money to buy prestige, power, votes, or influence, they won't need nearly as much money.
Existing entitlements will be phased out as slowly and carefully as they have accumulated so that we do not break faith with those we have made dependent on those entitlements. Any entitlements will thus gradually be consigned to the states and local communities where they were intended to be.
Congress will be left with the responsibility to provide the common defense but will be required to use good stewardship in doing that. Congress will have responsibility to promote the general welfare meaning that they use whatever laws, regulation, and policy are necessary to secure our rights and then leave us alone to live our lives. And Congress and the Administration will have whatever other Constitutional responsibilities are assigned to it which should leave our elected legislators freedom to spend most of their time back in their home states where they will experience what the rest of us are experiencing.
And I honestly believe that will fix the problem.