One huge thing wrong with the U.S. economy right now is that the tax rate charged by the U.S. government is too low, and has been since George W. Bush lowered taxes right after he was elected. Back in 2000 when Bush lowered taxes, my income was about $50,000 for the previous year. After Bush enacted those tax cuts, I got roughly $200 in a tax refund due to the cuts. Rich people, those making millions, got back much more, because the cuts were larger for them.
for my money, the government could have just kept that money. Ihe government had a surplus when Bill Clinton left office, and I didn't need that money. President Bush back then encouraged people to go out and spend that money, in an effort to stimulate the economy.
The following year, America declared war on Iraq. Instead of selling war bonds or raising taxes back to what they were under Clinton, taxes stayed low. The government was underfunded. This has continued up to now, because Obama did not allow the Bush tax cuts to expire when he had the chance.
I believe that Some areas where money is bleeding from the U.S. government need to be cut. Unemployment benefits need to be cut back.
Medicare payouts need to be much more closely restricted. I think that any and all payments to anyone through Medicare need to be made only after the Medicare recipients complete a notarized form which is sent to them directly from Medicare where they approve of the charges and certify that the benefits are legitimate and approved by them. These statements need to be audited randomly my the Medicare administration. No payments should ever be made through Medicare without this form. The form could be signed by the Medicare beneficiary or by that person's court-approved Conservator of the Person or similar person with medical Power of Attorney.
That is what I think. There are many areas of government that need reeling in. I believe that more crooks are making money from government abuses than people in genuine need. We need to stop it.