Originally Posted By: Wolfgang
Just to be clear, I think some defense cuts along with other cuts are going to be necessary. The big issue here isn't tax revenue, it's S P E N D I N G...


Yes, cuts to defense and social programs are necessary, but problem is PRIMARILY tax revenue. Nobody paying any taxes, rich are getting away with single-digit tax rates and 50% of the country does not pay federal income tax because generations of politicians bribed taxpayers by slashing taxes. These low taxes are unsustainable . Money has to come from somewhere, currently its from Fed running printing press 24/7, but that is also unsustainable in the long run.

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