Spending cuts. Taxing our way out of this mess is not even feasible.
Start cutting spending by cutting Congressional salaries, and terminate said salaries when the term in office ends. Why reward these weasels with a six figure salary for life? Plus benefits nobody in the private sector could ever even dream of....???
Raising taxes 100% on EVERYBODY won't even scratch the surface of this deficit!
Getting the economy going, however, could see miraculous progress within a short period of time, without raising taxes at all!
Raising taxes results in the opposite though, stagnating the economy and eroding the tax base.
More people working, more people paying a FAIR income tax, and closing some corporate loopholes so that the successful corporations that do run themselves responsibly can make a good return and still pay taxes to Uncle Sam for the distinct Priviledge of operating in the U.S.A.....
Get all that right and we'll be on our way.
