auditor0007
Gold Member
The deficit is brought about by too much spending.How 'bout we cut spending back to 1990 levels and leave the tax structure as is?
But that won't take care of the deficit. That would just cut spending and leave the deficit where it is now.
The debt is where it is and cannot ever really be repaid.
The only way to ever reduce the debt is to run with a balanced budget year after year, thereby not increasing the debt. As the economy grows, the deficit will become a much smaller percentage of GDP. Eventually the debt becomes minimal. Paying down the debt is out of the question and not feasible.