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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (52481)	7/7/2011 7:30:13 PM
From: stock bull	Read Replies (1) \| Respond to of 103300

First, there is no magic wand to fix the debt problem. It comes back to the basics...income revenue vs. outgoing expenses. We need to increase income while cutting expenses. The only way I know of increasing income is through taxes, fees, investments, etc. Cutting expenses has to include putting everything on the table. I know many would like to do away with all government spending with the exception of defense, and pet projects. Growing the economy will increase income. Cutting, or altering, entitlement programs, and all other spending programs, except as noted above, will reduce the expense side of the equation. Of course, the above is all Kindergarten stuff. However, what's real stuff are situations that allow companies such as GE to pay zero taxes by keeping profits off shore. Of course, people will say that if our tax laws favored GE, and the other companies, they would bring back their profits. True, but the revenue to the Treasury will be cut. With respect to spending, lets just cut Medicare, SS, and all the other entitlement programs. However, lets take them to zero over the next two to four years. Give business and Wall Street all that they want, for example, eliminating all regulations. Then we can balance the budget and eliminate our National debt, both domestic and foreign. (We can use Ryan's model as a starting point, and go from there.) It's not an easy problem to solve, so we have to take a sledge hammer to it. I can go on and on...but, I'm sure your tired of reading this message. Stock Bull