Romney's budget plans continue to not make any sense

[All Along The Watchtower]

For starters, they should raise the cap on payroll taxes. The Social Security tax is ridiculously regressive. Much of the population (like the vilified "Boomers") who are set to retire soon have been paying into their SS benefits. Why should those obligations be cut?

The federal government has a huge revenue problem anyway, and a big reason is because the wealthiest Americans don't pay as much taxes as they used to. I'm in favor of some spending cuts, especially on things like corporate welfare and other "pork." And the military budget is way too big, obviously. And I think that there would be more revenue if there was more demand in the American economy (ie higher wages, which would lead to higher incomes=more taxes being collected aka more revenue).

But the most crucial thing is that American workers' wages do not keep pace with inflation. We need to make more investments in education, transportation, infrastructure, energy, health care, and other sectors that have huge potential for job growth- and those jobs will be good jobs. A stronger middle class, more demand in the economy, more revenue for the government to keep its budget obligations and to make long-term investments in the economy-those have a good chance of materializing, if we do this right.