candycorn
Diamond Member
Nobody has a plan to truly balance the budget.
Seems to me like everybody does have a plan to make the depression worse, though.
Balancing the budget is comparatively easy. Just raise taxes to make up the short fall or cut services. We're wasting--and I do mean wasting--billions on subs we don't need and fighters that...besides not needing them...nobody wants them. What the US had 2 "classes" ago are far superior to anything else in the air or subsurface. We should go on researching the items but not building them. As we saw with WWII, we can pretty rapidly convert our plants to war time production and destroy any enemy within a matter of years with these new super weapons if, and it's a HUGE if, the current inventories of superior firepower are insufficient.
What is more difficult is deficit reduction. Nobody has a plan to do that.
I often wonder why we don't just deem 2015 or 2016 or 2017--pick one or two or three--a year(s) when the taxes will be raised for that one year enough to pay off the debt. Then be done with it and balance the budget as a % of GDP afterword.
One time tax to pay off the debts and go forward with an actually firm balanced budget rule tied to real life figures.