That sounds like a logical proposal but really this whole thing is just a game for the politicians, the truth is their isn't really a crises but they have to jump the American people from crises to crises. Their is the potential for a problem down the road, but its very obvious how to fix it and only a very silly person would think the country would just march itself off the financial cliff with 10 years of warning, come on.


The truth of the matter is the economy is improving, and as it improves tax revenue will increase. Spending will also decrease thanks to our pulling out of these middle east wars in the next few years, and the government unwinding aid programs from the recession.

What will happen when they get serious is they will raise taxes slightly probably by letting the Bush era tax cuts expire, and they will cut spending. This will balance the budget. People will scream bloody murder as they always do because that's human nature.

The truth of the matter as correctly pointed out in this article is among 1st world countries we do have a very low tax rate, and the tax rate has been dropping for a long time. We just like every other country just got nailed with a nasty recession which required government spending, with a couple of wars on top of it. Every other developed country is in the same boat, and will correct themselves in the next 2-4 years.

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