Quote:
Originally Posted by Tully Mars
All I hear is lower my taxes, spend less, I'm tried of paying people not to work. None of that solves the problems we currently face.
|
Federal revenue is in the range of $2.5 trillion. If the federal deficit jumps from $400 billion to over $1 trillion, that's a huge step in the wrong direction.
If we do nothing other than cut spending severely, and bring the deficit down, with the goal within a few years to return to surpluses and stay there, that will help solve the long term debt problem.
If we get a significant percentage of the freeloaders that do not pay income taxes, currently in the range of 46% of the US population, then those of us who do pay taxes can have our taxes reduced since more people are paying their share.
I learned years ago that I cannot continually borrow money and borrow my way to prosperity. Neither can Obama.