[In the very short future, if nothing changes, the US will only collect 35% in taxes of what it spends. Look at the charts and tell me how we make up the 65% in either spending cuts or increased tax revenue?]
It is so simple. The governmdent needs to spend less and the best start is to downsize government by downsizing the bureraucrats, politicians, government unions and politicians and other worthless thieves therein, and then taking the low tax revenue there in and living within the federal budget.
I never hear the lousy pols suggest paycuts or smaller government or replacing worthless evil government agencys that do nothing but steal money with real private captalist companies that actually work for a living.
Now we are getting somewhere! Do you realize that what you are proposing does not make a dent in the problem???
Entitlement spending and the military took up 82% of the budget in 2010 yet we only collected 55% of the taxes required to cover costs (That is 45% deficit spending). So if you are able to cut 50% of the 'other' spending, that accounts for 9% reduction in spending and we would still have 36% deficit spending. Now take in to account the fact that medicare and social security costs are set to explode, you we will be at 50%+ deficit spending in 5-10 years.
Do you see that it is not a simple solution and that drastic cuts are required now?