#1 when he finally gets to offering suggestions:
"At the national level, we also need to be cultivating the seeds of a Millei moment. Javier Millei took the helm in Argentina under similar conditions of fiscal disarray, and is using that to slash the bureaucracy – including, significantly, state-controlled media – with considerable success. This country could use something similar. That means someone should look at what Millei has done and how Millei has made it work, and establish similar targets for the United States government.
And after the collapse, maybe a constitutional convention. In a foreword to the Tennessee Law Review’ssymposium on constitutional conventions, I included a number of proposals for amending the Constitution to prevent excessive government growth and indebtedness. These included a proposal to establish a House Of Repeal, a third house of Congress whose sole function would be to repeal existing laws. Also, a “no representation without taxation” provision: “Under an ideal system, everyone, regardless of income, would pay at least some income tax (enough to notice—say in the neighborhood of five percent of gross personal income), and the amount paid would fluctuate up or down in tandem with federal spending. More spending should hurt, at least a little.” That would be coupled with much stricter limitations on federal borrowing, to prevent Congressional end-runs." |