Agree on letting the tax cuts expire.Those tax cuts and military spending are responsible for 95% of the spending debt.
When you reverse those tax cuts, and freeze military spending. I'll take you seriously on debt spending.
Until then, nothing else gets cut until those things do.
I'd even add new taxes.
Disagree on military spending, need to at keep up with inflation.
There are many other wasteful items to cut, I'd also hire another "Grace Commission" to cut the budget to the bone.
Here are my "balanced budget" options:
- Close loop-holes +$1.5T
Fix SS net zero (raise the cap)
Fix Medicare net zero (raise the co-pay & tax)
Send Medicaid to the states +$500b - Add new 0.2% transaction tax +$150b
- Add new remittance tax +$6b (Mexico pays for the wall, ICE, and CBP)
- Remove Capital Gains Tax loop-hole +$100b/yr
Send Welfare to the states in phases +$1.3T
Send Education to the states +$300b
Eliminate all personal tax deductions +??????? (keep business deductions)
Collect all taxes owed +$400b - https://www.crfb.org/blogs/irs-loses-400-billion-year-unpaid-taxes