Wednesday, June 29, 2011
Fixing the Budget Deficit
Why are they making this so difficult in Washington. I've got some real simple steps that would go a long way towards fixing our problems. C'mon guys, this isn't rocket science. Here's my very simple prescription: 1) raise income tax rates to the rates that they were under Bill Clinton, these were hardly crippling rates, the economy actually soared when Clinton raised rates to those levels; 2) return defense spending to the rates that they were under Clinton, all of these unfunded wars have been a huge burden, it's time to return our men and women from the Middle East anyways, they've accomplished what they set out to do; 3) means testing for Social Security benefits; 4) means testing for Medicare benefits; 5) increase the cap on income subject to Medicare taxes; 6) increase the cap on income subject to Social Security taxes. That's it, very simple, very plausible, not crippling to anyone, get it done.
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