Tuesday, October 7, 2008

Food for thought: A clean house (of representatives)

I watched the debate, but will hold off commenting on it, if at all, until I think about it some more. My sole thought, separate from this debate, stems from this financial bailout and all this talk for increased/decreased government spending. McCain's plan to buy mortgages, in light of last week's bailout bill, seems contradictory to his position to lower taxes or keep them the same. How are we supposed to pay for it? He says government freezes, but we've seen how that has stifled the Delaware economy, so multiply that by 50 and I can only imagine how worse the economy will get. At least with Obama, you know taxes are going to go up to some degree. Obama's plan to keep taxes the same for the middle class (i.e., those making less than $250,000/year) seems little more than a pipe dream, however. In either case, it seems that only Bob Barr has recognized that taxes are going to have to go up, probably significantly, although I'm at a loss for how that will help the economy either.

But focusing on last week's bailout bill for the moment, what I would like to see is a complete revamping of the House of Representatives. Since all are up for re-election next month, it is theoretically possible that all can be ousted for a new house of Congress. Granted, some are probably running unopposed and a certain percentage are probably always elected, but setting those numbers aside, I'm sure that of the 500+ seats, a solid majority could be won by non-incumbents. Could be interesting if it actually happened (notwithstanding the fact that it will not).

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