Tuesday, November 30, 2010

Debt Commission = FAIL

Ok, you guys make huge "cuts". So huge, they can lower the deficit by $3.(something) Trillion over 10 years? Brav-fucking-o. We are running a deficit of over a Trillion dollars a year. This gets us NOWHERE, except $7 Trillion deeper in debt. It also gives big business huge tax breaks, but does nothing to pull jobs back from Asia and South America.

Thanks for your time, you are excused...

Since I despise complaining about a problem, without offering a solution;

Revise the tax code (Income Vs Tax) with zero deductions:
30-40K = 7% FLAT
40-60K = 11% FLAT
60-90K = 14% FLAT
90-200K = 17% FLAT
200-600K = 16% FLAT
600-2,500K = 15% FLAT (they are paying a lot more overall)
2,500k-INFINITY = 12% FLAT. (they can pay in gold ingots)

Some cuts:
Cut the Executive Branch 20%, FLAT (they will get just as much done, which is about zero)
Cut Defense 20% FLAT (close bases that are barely used and consolidate the rest, trim programs. Get out of Germany, South Korea and Okinawa.)
Phase out Social Security over 20 years (priceless)

Guess what? We have a balanced budget, plus a surplus! Once the National Debt is near nill, Congress can taper off all the percentages.  We can have some prosperity, for our kids and grandkids.

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