Seems to me like the Democrats, outside of Obama are at fault here too. Everytime someone suggests entitlement reform, morons like Reid and Pelosi instantly cut it down.
From what I've read Obama himself had agreed to structural entitlement reform, and $3 trillion in cuts, along with increase in revenues from the tax system being reformed. Lowering the corporate tax rate was also part of the plan.
A great start if you ask me. The money you save from not being in Iraq/Afghanistan is also good, but shouldn't be looked upon as actual cuts, because Congress has a habit of just spending that money anyways.
I don't agree with a balanced budget amendment at this point. I think it is a naive way to look at how things happen. Sure, we all love a balanced budget, no debt and no deficit, but that obviously won't happen for a while.
Focus on some immediate cuts to lower the debt, and a decent 10 year plan. Of course you HAVE to reform the entitlement system. A lot of states have done this with great results and the Fed basically has no choice. If you restructure the tax code to close loopholes, you MUST lower the actual corporate tax rate.
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