Bullshit

GARY S. BECKER, GEORGE P. SHULTZ AND JOHN B. TAYLOR. "OPINION; Time for a Budget Game-Changer; Assurance that current tax levels will remain in place would provide an immediate stimulus. House Republican budget planners are on the right track." The Wall Street Journal (Mon., APRIL 4, 2011): A17.

My theory says that as long as the Senate representation is skewed we will default. A balanced representation in central government would yield a government about 14% of the economy; but only the wealthiest are taxed to pay for it. Most of the entitlements should be passed down to regional governments. Regional and local government are only allowed to tax those incomes below the highest bracket. The only spending that meets network theory are earmarks and defense, perhaps with the exception of emergency room hospital service paid for by central government. The Fed should be broken up and money creation powers passed down to regional banks.

The proposal these folks have dreamed up is simply more of the same delusion. George Schultz is not a bright bulb.