Only took it over because of the type of people elected - both parties.Ever since K-street has taken over our democracy, I have not thought the economy (or entire country) is on the right track.
Like the AMT, which was meant to nail the coupon clippers, this is only aimed long term at the middle class. Dining out & yacht sales do create real jobs .The tax rate for the upper echelons wavering between 36 and 40 percent may hurt the dining out activities and yacht sales, but probably has much less effect than the massive spending that neither party seems to be able to fix.
This I agree with somewhat - as policeman to the world we need to be smarter about it at a lower cost. We could start by moving the UN to Africa - like where the pirates hang out.Part of that reason is our policing of the world, and picking up the tab for other countrie's security.
How much has Saudi Arabia kicked into middle east security, be it in Naval patrols, or the Iraq/Astan wars, which supposedly made the world safer.