Another publication ruined by Rupert Murdoch. The latest issue of Barrons says on its cover that the U.S. will be worse off than Greece in 25 years unless there are drastic spending cuts.
This is nonsense. We are a wealthy country. Our major problemis that too much of that wealth is in too few hands. The major challenge for this country is to use the wealth of a few to help the many. We a 60% tax rate on the wealthiest 1%. We need to tax capital gains and dividends the same as earned income. We need to invest in repairing roads, briges, schools and the energy grid. We need to invest in educating our kids. We can do all all this but it won't happen if we listen to people like Rupert Murdoch.