the debt is a problem.
but we have to solve this problem in a rational and logical way.
slowly, surely, and progressively bring down the deficit till its zero.
that means more revenue and less spending.
Much more revenue and much less spending!
We need to raise the top rates to 75% on all incomes over $1 million regardless of source (ie dividends). This rate will drop back to 50% once the national debt is back to zero. It will automatically kick back in as soon as the national debt grows again.
We need to eliminate the income cap on social security.
We need to phase out all corporate subsidies across the board.
We need to impose a means test for Medicare.
We need to reduce defense spending by 50% to bring it back to pre-9/11 levels.
We need to gradually transfer social programs like public schools and Medicaid back to the states (and return their current share of federal taxes).