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10/31/2010

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Budget austerity is all very fine, but social security (pension) payments quickly become the largest financial burden on the states.
The only solution is to return to the historical norm when children rather than government provided retirement security to their parents. Instead of social security taxes, impose a 10% tax on children with the money going directly to their parents. That would encourage early child-bearing, responsible education, and strong family ties.

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Those poor souls at the top of the heap having to ante up a bit more in taxes? My guess is they'll get more in a strong economy than they would from a tax break in a poor economy.

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When I look at Hiroshima and see what the Japanese have done in rebuilding it into a magnificent modern city in 60 years after a nuclear bomb was dropped there and then look at Detroit in the same years, I really wonder if we have what it takes. By the way, what happened to the 1000 years of radiation fallout that was supposed to make Hiroshima uninhabitable? Just curious. http://windowsvista.si/downloads

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Both approaches risk making the economic crisis, which as I said is similar in both countries, worse in the short run, though long-term benefits of the attempted reforms may outweigh present costs.
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