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Revenue is not a dirty word

November 18, 2011
Larry Ginter, Rhodes , Times-Republican

Mitt Romney appears to be tone deaf when it comes to addressing our nation's debt and deficits. His only test for federal programs - including Social Security, Medicare and Medicaid - seems to be whether or not it's worth borrowing money from China to pay for it.

I'd like to say this to Mitt and "every other candidate for president - revenue is not a dirty word. After years of cutting spending so much that we've already hit the bone, it's time to admit this is a revenue crisis and propose solutions that acknowledge as much.

One such proposal is the Wall Street Traders and Speculation Tax Act. This fraction of a tax on risky Wall Street trades (.03) percent would raise roughly $40-50 billion a year in much needed revenue. Sadly, I doubt that Mitt would be willing thine to his friends on Wall Street.

 
 

 

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