Wednesday, September 29, 2010

David Walker, Fiscal Hero

David Walker, former comptroller of the United States, on gerrymandering: out of the 435 House of Representatives' seats, only 60 seats have any real competition. We are not a true representative democracy/republic. We need to consider political districts, campaign finance reform, and open primaries. We may also need to look at term limits.

(Elsewhere, Mr. Walker has recommended electing members of the House of Representatives to four-year terms instead of the current two-year terms to minimize 24/7 re-election efforts. He would also limit the tenure of Representatives and Senators to 12 to 18 years and even suggests electing Presidents to a single 6 or 8-years term.")

Another (paraphrased) gem, on the so-called Social Security trust fund: government uses terms in its own way, outside the Merriam-Webster definitions. For example, take "trust fund"--you can't trust it, and it's not funded.

Bonus: from Walker's book, Comeback America (hardcover, page 121): "we must realize that corporations don't really pay taxes. Rather, they pass along any tax, in the form of higher prices to consumers, lower wages to workers, and/or lower returns to shareholders."

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