Quote:
Originally Posted by Azure
I don't understand why people are saying you need to 'gut' anything. You need to reform certain programs to make sure they are sustainable long term.
If there is no money left in the SS fund because the baby boomers are taking it all, obviously that won't help the US long term. So if you need to raise the 'retirement' age to 68 in order to deal with that problem, you do it.
As for tax increases for the rich, we already know that its a problem that needs to be fixed. The loophole problem needs to be fixed too.
The $600 billion in added revenue from closing the loopholes and reducing the corporate tax rate is an added bonus to the whole problem. The bigger picture should still be the level playing field to help small businesses compete in a VERY competitive economy.
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If the tea party wishes to balance the budget while not touching taxes without raisng the debt limit, which is what they are stating, then they will have to virtually eliminate the military and most of the services most countries take for granted at least for as long as it takes to eliminate the deficit itself.