The fourth great US crisis?

[Being]

The increased growth doesn't matter if government spending and liabilities increase faster than GDP growth.

The main tax I support cutting is corporate taxes, but I place broad income tax cuts a close second. Though arguably just cutting spending and liabilities is more important.

Okay, you want to cut taxes. Would you explain how that will help solve our economic problems? Try not to use any of the arguments that were used 30 years ago to justify the current tax cut binge because those arguments have been tested and proved to be wrong.

edit: The only liability that needs to be immediately cut is our debt. We can cut that to zero in one year by imposing a one time tax on all Americans. Think of the savings in interest alone. This approach will also prevent your children from paying for what you have. You only need to pony up $40,000 for your share. It would have been less painful if you had spread it out over the last 30 years by not lowering taxes.

Oooooh, the debt clock has been updated to include a bunch more info.

U.S. National Debt Clock

Huh, that says that half of all U.S. families are receiving food stamps.