America needs to re-evaluate , and change .
The fiscal problems you have are huge , and can only be fixed ,
by the people , for the people . e.g
the stockmarket is geared to make money for the few at the top ,
at the expense of the man in the street . Overpayment of executives,
buying and selling borrowed shares , insider trading etc. , is compounding
your problems . Ethics flew out the window a long time ago .
Dividends need to be suspended and re-allocated , executive salaries
capped and based on performance . Independant , unbiased auditing
with yearly recomendations and reviews must be followed through .
Loopholes must be removed . Overseas tax free accounts must be brought
home . Ethical standards must be re-introduced , and the people running
those committees , also kept in line .
Mortgage debts on housing has to be rationalised . Houses over say 30
years old , have well and truly been paid off . What if a new community
based bank was established , given the titles , halve the values and
repayment interest rates . Small business encouraged and supported.
Forget end of year tax payments . Pay as you go . Or tax every bank
transaction . this will bring all shady deals into the light , for scrutiny.
The monkey on your backs , GREED , needs to be shown the door!
The world doesn't owe you a living , only applies to the poor .
The rich look at it the other way around .
I'm no expert , but you need fundamental change to reverse you fortunes
Otherwise your downward spiral will eventually hit the ground .!