Debt Ceiling and Budget Cuts

The United States has an income of approximately $2.2 Trillion a year and budgets of $3.5 Trillion a year. It does not take a brain surgeon to realize that there is a problem. The average citizen could not survive on spending more money than their income. Bankruptcy is the result. The only budget deal is one that reduces spending to $2 Trillion. Any other budget deal is a joke.

We also need to revise the tax code. We hear that the rich should pay more and that is fair. Actually, the only fair tax is when we all pay the same rate. That is why we either need a flat tax of 18% or a fair tax of 23% with the only income tax deduction allowed is when a taxpayer's medical bills exceed a certain percentage amount depending on the taxpayer income. Obviously, the more you make the higher your out of pocket medical bills will be before your are allowed a deduction. Those making multi-millions may not even receive the deduction. But fairness in the tax code is when we all pay the same amount regardless of income. Today, we find that approximately 49% of the working public does not pay their fair share. Imagine if these taxpayers actually contributed taxes to the government. You think our country's income would increase? Whether you make $1 a year or $1 Billion a year, we should all pay the same amount. If we had a Fair Tax, then we would all pay on anything we purchased as well as any visitors to our country. That is why it is called the Fair Tax.

Any increase in the debt ceiling without substantial spending cuts, that must include changes in Medicare, Social Security and Medicaid must be on the table. These so called entitlements are a major bite out of the budget thanks to the 1964 Great Society where Congress and the Presidential Administration were salivating over using these funds for their grand programs without regard to what will happen many years latter. The same is happening today where members of Congress and Administration seem to be more concerned about getting re-elected rather than placing this country on a sound financial footing. Just kicking the can down the road while this country continues down the road being traveled by the country of Greece today. Greece today, the United States tomorrow. Phony agreements that will be sold to the American public as a great budget reduction plan is just that, a lot of B.S. Believe me, what you saw in the November 2010 election will happen again on a bigger scale unless Congress and this Administration live up to their responsibility and cut, cut and cut. We must cut to make ends meet and our government must do the same. Better to face the hard times today rather than see blood in the streets tomorrow when we are a bankrupt country.