Look, changing the tax rates won't mean jack-crap if the feds don't CUT discretionary spending. The reason why the deficit is so huge is due to several factors, but the main one is that THEY SPEND TOO MUCH!
It's not the EEEEEEVIL Bush tax cuts, it's actions like the raiding of the Soc. Sec. trust fund plus all these new federal programs and "entitlements". When the baby boomers start retiring in the next few years, this problem will only balloon.
Government needs to come up with ideas such as means-testing Soc. Security (if you have enough assets on hand, you get either less paid out to you). With longer life expectancies and fewer paying into the Soc. Sec. system, the amt. of revenue to meet the obligations will dwindle. An even more effective idea would be to allow Americans the CHOICE of opting out of Soc. Security and into individual retirement accounts. Taking 8% off the top of my check (15% for self employed people) to a system we ALL know will die seems to be ludicrous at best.
Do we need to fund military bases in Korea, Germany and Japan? No. Even if we pare back to just 1-2 facilities in these countries, we could save significant tax revenue. It's not an isolationist view, it's a pragmatic view considering what the next several decades are going to mean to the U.S. economy.
It's not the EEEEEEVIL Bush tax cuts, it's actions like the raiding of the Soc. Sec. trust fund plus all these new federal programs and "entitlements". When the baby boomers start retiring in the next few years, this problem will only balloon.
Government needs to come up with ideas such as means-testing Soc. Security (if you have enough assets on hand, you get either less paid out to you). With longer life expectancies and fewer paying into the Soc. Sec. system, the amt. of revenue to meet the obligations will dwindle. An even more effective idea would be to allow Americans the CHOICE of opting out of Soc. Security and into individual retirement accounts. Taking 8% off the top of my check (15% for self employed people) to a system we ALL know will die seems to be ludicrous at best.
Do we need to fund military bases in Korea, Germany and Japan? No. Even if we pare back to just 1-2 facilities in these countries, we could save significant tax revenue. It's not an isolationist view, it's a pragmatic view considering what the next several decades are going to mean to the U.S. economy.

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