GraniteRG.com Analyst, Kenneth D. Price, released white paper entitled RETHINKING FISCAL POLICY. This publication offers a context for America’s persistent fiscal problems, demonstrates the necessity of a revenue-centric resolution, and provides directions that will restore our nation to fiscal sanity.
For the complete report, visit GraniteRG.com. Go to Publications and report will appear under the General Domestic Policy section.
“By this, GraniteRG.com seeks to increase public discourse in a way that is less partisan and more committed to serious consideration of difficult policy choices”, says author Kenneth D. Price.
On August 02, 2011, the US Government will face a fiscal crisis with tax revenues to cover only 56% of its bills, reaching a debt limit of $14.29 trillion. The unenviable choices before legislators lack bi-partisan appeal. If history serves as our guide, America will emerge from this crisis, but with fundamental policy questions still unresolved.
"These are bills that Congress ran up," President [.] said, in explaining why the U.S. must not default on its debt obligations.
But, the current debate over the federal budget is once again avoiding more systemic and philosophical discussions particularly in the area of revenues, thus further leading the American people like sheep to the slaughter. Both the Republican Party and Democratic Party are participating in the charade. Critics who claim America is plagued by high tax rates avoid the nuances of central government revenues and how to interpret government receipts in the context of our nation’s economic system, social and political choices, and international posture.
As the first in a series, this paper concentrates on one of the most politically charged choices; raising taxes. RETHINKING FISCAL POLICY offers perspectives that deconstruct myths, sets forth arguments, and explores various topics that demonstrate the necessity of policymakers to make this choice and for the American public to accept it as good governance.
GraniteRG.com is a new media research group that produces and disseminates materials that foster informed electoral decisions and public policy, promote investment and transactions, articulate strategies, and provide intellectual leadership that transforms society. Services include commissioned studies, research, advocacy, and public speaking. GraniteRG.com leverages the Internet to engage a broad audience and invites organizations to write summary articles on its publications, host interviews, and joint-venture on research efforts (e.g., polls, surveys). Through this work, GraniteRG.com promotes grassroots activism in important domestic and international affairs that shape the lives of ordinary citizens.