Do college kids not take economics anymore? Do they not understand that we can't keep spending at the rate we are now without the entire house of cards collapsing? I mean, come on...these are supposed to be the best and brightest and yet they're so incredibly naive about the world they live in that it's scary.
Yes.
Cut the defense budget and raise taxes on the idle rich.
Might I point out that the problems we face with Muslim extremists are not getting better but worse with Iran about to get the bomb and that we also face an increasingly aggressive China in the far east who is now squaring off with Japan (with whom we have treaties obligating us to defend) over territorial rights? Now is not the time to cut the defense budget. I wish we could but it would be the height of folly to do so.
First of all the tax increases that progressives are calling for are hardly on the "idle" rich. They are aimed squarely at the job creators in our system...the people who own small to medium sized companies and make over $200,000 per year. Since Keynesian economic theory cautions against tax raises during recessions, what reason (besides blatant class warfare) do you have for seeking tax raises on anyone right now since it makes no sense at all from an economic standpoint?